Spunbond Nonwoven Market by Function, Material Type, End Use And Region - Global Forecast to 2022
LONDON, Nov. 8, 2017 /PRNewswire/ --
"The spunbond nonwovens market is expected to grow at a CAGR of 8.3% from 2017 to 2022, in terms of value."
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The spunbond nonwovens market is expected to be valued at USD 10.73 billion in 2017 and is likely to reach USD 16.00 billion by 2022, at a CAGR of 8.3% from 2017 to 2022. Growing preference for spunbond nonwovens in comparison to other nonwovens, increasing use of spunbond nonwoven fabrics in the medical sector, and high demand for polypropylene spunbond nonwovens are the key factors driving the growth of this market.
High cost of finished products affecting the pricing structure of the intermediary industry and stagnant growth in baby diaper segment in mature markets act as the key restraint to the growth of the spunbond nonwovens market.
"Disposable spunbond nonwoven is the largest segment of the spunbond nonwovens market, by function."
The disposable segment is expected to account for the largest share of the spunbond nonwovens market in 2016. This large share is mainly attributed to the material being cost-effective and the key functional properties which make it a preferred material especially for disposable products.
"Polypropylene is the largest material type segment of the spunbond nonwovens market."
Polypropylene spunbond nonwoven is the largest material type segment of the spunbond nonwovens market. Polypropylene is cheaper in comparison to other raw material, which makes it a preferred material especially for manufacturing of disposable products.
"Personal care & hygiene is the largest end-use segment of the spunbond nonwovens market."
Personal care & hygiene is the largest segment of the spunbond nonwovens market, by end use. The requirement of high performance materials in the personal care & hygiene segment along with feasible functionalities such as absorbency, stretch, softness, strength, bacterial barrier, and sterility have resulted in a high demand of spunbond nonwovens by this end-use segment.
Asia Pacific is expected to lead the spunbond nonwovens market during the forecast period.
Asia Pacific is expected to lead the global spunbond nonwovens market during the forecast period. The growth of the Asia Pacific spunbond nonwovens market is mainly driven by the rising disposable incomes and growing consumption of disposable products. The spunbond nonwovens market in the Asia Pacific region is expected to grow at the highest CAGR from 2017 to 2022. This growth is primarily attributed to the high demand for spunbond nonwovens from countries such as China, Japan, India, and South Korea.
Profile break-up of primary participants for the report:
• By Company Type: Tier 1 – 25%, Tier 2 – 35% and Tier 3 – 40%
• By Designation: C Level – 25%, D Level – 25%, and Others – 50%
• By Region: Asia Pacific – 40%, Europe – 25%, North America – 22%, Middle East & Africa – 8%, and South America – 5%
Furthermore, as a part of qualitative analysis, the research provides a comprehensive review of market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by varied market players, such as Schouw & Co. (Denmark), Mitsui Chemicals, Inc. (Japan), Johns Manville Corporation (US), Fitesa S.A. (Brazil), RadiciGroup SpA (Italy), Avgol Nonwovens (Israel), Kimberly-Clark Corporation (US), Berry Plastics Group, Inc. (US), Toray Industries, Inc. (Japan), Asahi Kasei Corporation (Japan), Pegas Nonwovens SA (Luxembourg), Kuraray Co., Ltd. (Japan), Kolon Industries, Inc. (South Korea), E. I. du Pont de Nemours and Company (US), and Mogul (Turkey), among others.
Research Coverage:
The report defines, segments, and projects the spunbond nonwovens market based on function, material type, end use, and region. It provides detailed information regarding major factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges. It strategically profiles key players and comprehensively analyzes their market shares and core competencies as well as tracks and analyzes competitive developments such as partnerships, contracts, and joint ventures; mergers & acquisitions; expansions; new product launches; and research & development activities in the market.
Reasons to buy the report:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of revenues of the spunbond nonwovens market and its subsegments. This report will also help stakeholders better understand the competitor landscape, gain more insights to better position their businesses, and make suitable go-to-market strategies. The report will help stakeholders understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.
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