Pune, India, April 11, 2019 (GLOBE NEWSWIRE) -- The Global Nonwoven Fabrics Market is estimated to touch a valuation of USD 69,186.9 million by 2023, as per the latest findings of Market Research Future (MRFR). It can register 7.92% CAGR over the forecast period (2018-2023). Massive demand for these fabrics in the healthcare sector is the primary driver of the market. Awareness of personal care and hygiene can facilitate its growth. The market is predicted to accumulate a volume of 17,404 kilotons by 2023.
Market Analysis:
Nonwoven Fabrics are created by interlocking or bonding filaments or fibers by solvent, chemical, thermal or mechanical means. They are high-tech, unique, engineered fabrics created from fibers that are used across assorted applications and products. They are indispensable, versatile, and innovative. Application of these fabrics include wipes, engineering, filtration, construction, healthcare & surgical fabrics, home furnishings, apparel, absorbent hygiene products amid others. Its specific characteristics enables it in delivering high-performance across various applications. Favorable properties include sterility, bacterial barrier, filtering, cushioning, washability, flame retardancy, strength, softness, stretch, resilience, liquid repellency, and absorbency.
Nonwoven fabric has ample benefits over knitted and woven fabrics. It is affordable and quick to manufacture, can be made with definite targeted properties. It is produced with considerable variations in stiffness, elasticity, volume, mass and thickness, and above all made in a single-continuous procedure right from the material to the final product. The integration of automated converting into the production process has pushed the scale exponentially.
The Game Changers:
The Nonwoven Fabrics Market is competitive and fragmented. The leading players are adopting numerous strategies to create a base in the market and also strengthen their position. Key players operating in Nonwoven Fabrics Market include Glatfelter (U.S.), Freudenberg & Co. KG (Germany), Ahlstrom-Munksjo (Finland), KCWW (U.S.), Toray Industries, Inc. (Japan), Suominen Corporation (U.S.), Avgol Ltd. (Israel), Fiberwebindia Ltd. (India), Fitesa (Brazil), Berry Global Inc. (U.S), DowDuPont (U.S.), TWE GmbH & Co. KG (Germany), Umazomo Nonwovens (Pty) Ltd. (South Africa), Johns Manville (U.S.), and Asahi Kasei Corporation (Japan).
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March 2019 - Karl Mayer, a German renowned textile machine manufacturer, has launched Racop-NW machine series to set the standard within the nonwoven sector. These machines will bond fibrous webs for forming nonwovens utilizing 2-3 guide bars, thereby providing the general perks of knitting technology compared to other processes.
Features Fetching Market Demand:
According to the MRFR report, there are a couple of factors that has propelled the Nonwoven Fabrics Market growth. The increase in medical and healthcare industry across the world is contributing towards the growth of the Nonwoven Fabric Market. In fact, manufacturers are making Nonwoven Fabric focusing on solvent and acid resistance, anti-microbial properties, firmness, durability, strength and softness.
Due to its diverse nature, Nonwoven Fabrics are gaining recognition in different industries. It has lesser initial cost over woven and knitted fabrics due to mass production. Moreover, recent innovations and rapid industrialization in domain of textile technology has positively affected the market. Besides, other factors fueling the dynamic growth of the nonwoven fabrics market include significant lifestyle changes and ban on single-use plastics. Rising disposable income, awareness of hygiene and personal care, demand for eco-friendly products, low labor cost, and high production rate are other market drivers.
On the contrary, there are various deterrents that may restrict the growth of the Nonwoven Fabrics Market over the predicted years. These include soaring price of raw materials and strict regulations for the textile industry.
Market Segmentation:
The MRFR report provides an inclusive analysis of the Nonwoven Fabrics Market based on Technology, Function, Material and Application.
Based on Technology, it is segmented into spun melt, wet-laid, and dry-laid. Of these, the dry-laid segment will dominate the market over the predicted years.
Based on Material, the Nonwoven Fabrics Market is segmented into bi-component, wood pulp, polypropylene, polyethylene terephthalate, polyethylene, rayon, and others. Others include polyurethane, polystyrene and polyamides. Of these, polypropylene will have the maximum share in the market. On the other hand, polyethylene terephthalate is projected to grow at the fastest pace.
Based on Function, it is segmented into durable and disposable. Of these, the durable segment will lead the market.
Based on Application, the Nonwoven Fabrics Market is segmented into construction, automotive, filtration, hygiene, upholstery and others. Of these, hygiene will dominate the market followed by construction.
Browse the market data and information spread across 259 pages with 332 data tables and 25 figures of the report “Nonwoven Fabrics Market Report - Forecast 2018-2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/nonwoven-fabrics-market-7459
Asia Pacific to Rule the Roost:
By Region, the Nonwoven Fabrics Market covers growth opportunities and latest trends across Europe, Asia Pacific, North America, Latin America and Middle East and Africa. Of these, the Asia Pacific region will rule the roost in the Nonwoven Fabrics Market over the predicted years followed by Europe and North America. Asia Pacific is likely to garner about USD 32,322.5 million at a favorable 8.84% CAGR owing to huge consumption of Nonwoven Fabrics in automotive, construction and healthcare. The Nonwoven Fabrics Market in Europe is anticipated to have the second major share due to the utilization of such fabrics in various automotive components in the UK, Italy, Germany and Spain. This region is poised to reach USD 14,726.6 million by 2023. In North America, the Nonwoven Fabrics Market is predicted to touch USD 13,838.1 million at 7.17% CAGR by 2023 owing to consumers changing lifestyles and increase in adult incontinence.
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