Spunbond Nonwoven Market to grow by USD 6,661.22 million from 2022 to 2027

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21 Jul, 2023, 00:00 ET

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NEW YORK, July 21, 2023 /PRNewswire/ -- The spunbond nonwoven market size is estimated to grow by USD 6,661.22 million from 2022 to 2027 at a CAGR of 7.87% according to Technavio. The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including Advance Nonwoven Vietnam Co. Ltd., Ahlstrom Munksjo Oyj, Alpha Foam Ltd., Asahi Kasei Corp., Avgol Ltd., Berry Global Inc., CHTC Jiahua Nonwoven Co. Ltd., DuPont de Nemours Inc., FIBERWEB INDIA LTD., Fitesa SA, Kimberly Clark Corp., Mitsui Chemicals Inc., Mogul Co. Ltd., PFNonwovens AS, Radici Partecipazioni Spa, Schouw and Co., Sunshine Nonwoven Fabric Co. Ltd., Ultra Nonwoven, Unitika Ltd., and Berkshire Hathaway Inc.

Spunbond Nonwoven Market Insights -

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Spunbond nonwoven market - Customer LandscapeTo help companies evaluate and develop growth strategies, the report outlines –

Key Spunbond Nonwoven Market Driver- The strong demand for nonwoven fabric in APAC is the major factor notably driving market growth. In APAC, regardless of a slowdown in the export business, the demand for finished goods witnessed an increase. The domestic consumption of textiles and clothing expanded to approximately two-thirds of the total supply. In China, rapidly growing urbanization and increasing per capita consumption of spunbond nonwoven by the end-user industries in China have driven the expenditure on clothing. The markets in India and Pakistan, although smaller compared to China, still offer significant untapped potential. The ongoing expansion of downstream polymer activities, led by companies like Reliance Industries and Indorama Ventures, is anticipated to fuel the consumption of spunbond nonwoven in these countries during the forecast period.

Significant Spunbond Nonwoven Market Trends- Sustainable production is an emerging trend shaping market growth. The increasing demand for environmentally friendly textile products has led to the adoption of eco-friendly practices by numerous companies. They are now producing sustainable products that prioritize consumer safety and environmental well-being. The growing awareness among both companies and consumers regarding the negative impact of non-sustainable products on the environment and human health is driving the demand for eco-friendly alternatives. Additionally, there is a shift in preference from non-biodegradable synthetic fibers like polyester, derived from petroleum, to renewable and biodegradable synthetic fibers made from natural resources such as polylactic acid and lyocell. Manufacturers in the industry are recognizing the environmental concerns and the availability of various alternatives, prompting them to prioritize sustainability by incorporating these textile fibers. This shift presents new growth opportunities for vendors in the global spunbond nonwoven market during the forecast period.

Major Spunbond Nonwoven Market Challenge- The high UV degradation of PP will be a major challenge hindering market growth. PP offers numerous advantages such as cost-effectiveness, flexural strength, low coefficient of friction, and chemical resistance. However, it is susceptible to UV degradation, particularly when exposed to sunlight and heat due to its single-chain polymer structure. This UV degradation is a concern in road construction operations. PP geotextiles are commonly used in road construction due to their excellent fatigue resistance. However, the high exposure of roads to harsh environmental conditions and heat can lead to UV degradation, which may hinder the demand for PP geotextiles. These factors present a challenge to the market during the forecast period.

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Spunbond Nonwoven Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 7.87%

Market growth 2023-2027

USD 6,661.22 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.63

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 45%

Key countries

US, China, India, Japan, and the UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Advance Nonwoven Vietnam Co. Ltd., Ahlstrom Munksjo Oyj, Alpha Foam Ltd., Asahi Kasei Corp., Avgol Ltd., Berry Global Inc., CHTC Jiahua Nonwoven Co. Ltd., DuPont de Nemours Inc., FIBERWEB INDIA LTD., Fitesa SA, Kimberly Clark Corp., Mitsui Chemicals Inc., Mogul Co. Ltd., PFNonwovens AS, Radici Partecipazioni Spa, Schouw and Co., Sunshine Nonwoven Fabric Co. Ltd., Ultra Nonwoven, Unitika Ltd., and Berkshire Hathaway Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Type

7 Market Segmentation by Application

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com

SOURCE Technavio