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1st May 2019, Dublin

Spunbond nonwovens market to reach $27.43 billion

Rising consumption of spunbond nonwovens in the healthcare sector is one of the factors driving market growth. The global spunbond nonwovens market accounted for US$ 12.84 billion in 2017 and is expected to reach US$ 27.43 billion by 2026 growing at a CAGR of 8.8%, according to the latest report by Research and Markets.

High demand for polypropylene spunbond nonwovens and rising consumption of spunbond nonwovens in the healthcare sector are some of the factors driving market growth. However, fluctuations in the price of crude oil and stagnant development in the baby diaper segment in matured markets are the factors hindering the market growth. In addition, growing demand for geotextiles and investments in emerging countries of Asia Pacific are providing ample of opportunities.

Spunbond nonwoven refers to porous flat sheets and fabrics like materials, made from molten plastic or plastic films or long fibres bonded together by hot-press. The spunbond nonwoven is different from other fibres, as they are not made by knitting or weaving and they do not need a conversion of fibres into yarn. Spunbond nonwoven has various properties, such as they are resistant to heat and chemical, porous, burst strength, elongation to break, and have gram per square meter (GSM) range from 10 to 150.

Based on material, the polypropylene segment expected to witness the maximum demand due to low density and cost of these nonwovens. Moreover, polypropylene-based products offer excellent chemical resistance and hydrophobic properties.

By geography, the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. China, India, Japan, and South Korea are the key countries contributing to the high demand for spunbond nonwovens in the Asia Pacific region. Availability of cheap labour and raw materials has resulted in making the Asia Pacific a preferred region for expansion by the various leading manufacturers across the globe.

Some of the key players profiled in the report entitled Spunbond Nonwovens - Global Market Outlook (2017-2026) include Mitsui Chemicals, Fitesa S.A.,Schouw & Co, PF Nonwovens Group, Dowdupont, Asahi Kasei, Toray Industries, Mogul, Kolon Industries, Berry Global Group, Kimberly-Clark Corporation, Kuraray, Avgol Nonwovens, Radici Group, and Johns Manville Corporation.

www.researchandmarkets.com

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