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The spunbond nonwovens market is expected to grow from US$12.7 billion in 2018 to US$18.3 billion in 2023

by:Sunshine     2021-03-03
Author: Date: 2020-01-18 07:56:47 Hits: 283 spunbond nonwovens market in 2018 is expected to grow from $ 12.7 billion to $ 18.3 billion in 2023, representing a CAGR in the forecast period The rate (CAGR) is 7.6%. The growth of the spunbond nonwovens market can be attributed to the increase in consumption of spunbonded nonwovens due to population growth and the demand for spunbonded nonwovens in the health and medical fields. According to the type of material, during the forecast period, polypropylene is expected to grow at a higher compound annual growth rate. According to the forecasted material type, during 2018-2023, the polypropylene segment is expected to become the more important part of the spunbond nonwoven market. Large and fastest growing market segments. The high melting point of polypropylene (160°C-170°C) has advantages in nonwoven processing. Polypropylene fibers can be sufficiently softened to bond to each other without destroying fiber properties. Therefore, non-woven fibers made of polypropylene can be melt-bonded, eliminating the need for chemical adhesives. The benefits of this technology include energy saving and environmental protection. It is expected that during the 2018-2023 forecast period, polyester will become the second largest and fastest-growing material type in the global spunbonded nonwovens market. As the population increases and the awareness of sanitary products increases, the global demand for spunbond nonwovens increases. The personal care and hygiene, medical, agricultural, packaging and automotive industries are some of the key end uses for the spunbond nonwovens market. During the forecast period, personal care and hygiene are expected to become the larger and fastest growing segment. It is expected that during the forecast period, healthcare will become the second largest and fastest growing end-use market. The spunbonded nonwovens market in the Asia-Pacific region is expected to grow at a higher compound annual growth rate during the forecast period. It is estimated that the Asia-Pacific region will be the larger spunbonded nonwoven market in 2018. China, India, Japan and South Korea are the main spunbond nonwovens market in this region. The increase in disposable income has led to an increase in demand for disposable diapers, feminine hygiene products and wipes, thereby driving market growth. Various leading companies have been carrying out strategic expansion activities in the region to meet the growing needs of various end users. Major market players. Major companies in the spunbonded nonwovens market include Schouw u0026 Co. (Denmark), Mitsui Chemicals, Inc. (Japan), Johns Manville Corporation (USA), Fitesa SA (Brazil), RadiciGroup SpA (Italy), Avgol Nonwovens (Israel), Kimberley-Clark Corporation (USA), Berry Plastics Group Corporation (USA), Toray Industries (Japan), Asahi Kasei Corporation (Japan), Pegas Nonwovens SA (Luxembourg), Kuraray Co., Ltd. (Japan), Kolon Industries, Inc. (Korea), EI du Pont de Nemours and Company (USA) and Mogul (Turkey). These participants adopt expansion, investment, acquisition, collaboration, new product launches and mergers as their main strategies to consolidate their position in the market. Expansion has always been the main strategy adopted by major players from 2013 to 2018. The spunbonded nonwovens market in the Asia-Pacific region is expected to grow at a higher compound annual growth rate during the forecast period. It is estimated that the Asia-Pacific region will be the larger spunbonded nonwoven market in 2018. China, India, Japan and South Korea are the main spunbond nonwovens market in this region. The increase in disposable income has led to an increase in demand for disposable diapers, feminine hygiene products and wipes, thereby driving market growth. Various leading companies have been carrying out strategic expansion activities in the region to meet the growing needs of various end users. Major market players. Major companies in the spunbonded nonwovens market include Schouw u0026 Co. (Denmark), Mitsui Chemicals, Inc. (Japan), Johns Manville Corporation (USA), Fitesa SA (Brazil), RadiciGroup SpA (Italy), Avgol Nonwovens (Israel), Kimberley-Clark Corporation (USA), Berry Plastics Group Corporation (USA), Toray Industries (Japan), Asahi Kasei Corporation (Japan), Pegas Nonwovens SA (Luxembourg), Kuraray Co., Ltd. (Japan), Kolon Industries, Inc. (Korea), EI du Pont de Nemours and Company (USA) and Mogul (Turkey). These participants adopt expansion, investment, acquisition, collaboration, new product launches and mergers as their main strategies to consolidate their position in the market. Expansion has always been the main strategy adopted by major players from 2013 to 2018. Durable spunbond nonwovens market, recent developments in Asia Pacific North America, Europe, the Middle East, Africa, South America In February 2018, Fibertex Nonwovens acquired DUCI, a Brazilian nonwovens manufacturer headquartered in Sao Paulo, which in turn helped it in South America The market has achieved a firm foothold. Through this acquisition, because the acquired company has a strong product portfolio, the company can realize the synergy created. It can also help companies improve geographic distribution. R2G Group, the owner of PF Nonwovens, acquired First Quality Nonwovens' operations in the United States and China in May 2018. The non-woven fabric production capacity of high-quality spunbond non-woven fabrics in the United States is 97,000 tons, and that in China is 24,000 tons. This strategic acquisition will help expand PF Nonwovens' spunbonded nonwovens business in North America and Asia. In November 2016, due to the growing demand for PP spunbond in the country, Asahi Kasei expanded the annual production capacity of its PP spunbond plant in Thailand by 20,000 tons. This increases the total production capacity of the plant to 60,000 tons per year. Related tags: Previous: Non-woven bags supplied by China account for more than 90% of world consumption
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