Dublin, April 10, 2019 (GLOBE NEWSWIRE) -- The "Textile Films Market by Type (Breathable and Non-breathable), By Material (PE, PP, PU, Others), By Application (Hygiene, Medical, Sportswear, Protective Apparel), and Region (North America, APAC, Europe, MEA, and South America) - Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The textile films market is projected to grow from USD 4.5 billion in 2018 to USD 6.2 billion by 2023, at a CAGR of 6.6%
The increasing use of hygiene products such as baby diapers and sanitary napkins, increase in aging population, growth in the infrastructure sector, and growing urbanization are the major drivers for the textile films market. Another factor driving the textile films market is the increased awareness around maintaining proper feminine and child hygiene.
However, the volatility of raw material prices is restraining the growth of the market. Most of the raw materials used in the production of textile films are petroleum products. The prices of these raw materials have been highly volatile in recent times, touching a five-year low, which affected the market growth.
"Breathable films segment is expected to be the fastest-growing type of textile films, in terms of volume and value, during the forecast period"
Breathable films are thin films formed by a combination of polymers and mineral fillers. The major advantages of breathable films are improved user comfort, better skin breathability, and reduction in side-effects, higher bursting strength, and improved hygiene. Breathable films are used in the production of baby diapers, sanitary napkins, and incontinence pads, supplies for the chronically ill or for other medical applications. The growth in the use of hygiene products such as sanitary napkins and diapers, among others, globally, and increased use of sportswear is responsible for the large market size for breathable films.
"PE is expected to be the largest material used in textile films, in terms of volume and value, during the forecast period"
PE is easily available and widely used in various applications, ranging from shampoo bottles to bulletproof vests. It has high ductility, good chemical resistance, and high impact strength, which enable appropriate use of this polymer in textile films. The presence of the aforementioned properties, easy availability, and low cost are the major drivers for the use of PE in textile films.
"Hygiene is estimated to be the largest application of textile films, in terms of volume and value, during the forecast period"
Hygiene applications for textile films include baby diapers, adult incontinence diapers, and sanitary napkins. The hygiene products market is matured in developed countries. However, the use of hygiene products in emerging economies such as China, India, Brazil, South Africa, and others is growing, mainly driven by rising awareness and decline in societal stigma.
Market Dynamics
Drivers
- Growing Awareness Regarding Feminine and Child Hygiene
- Increase in Aging Population
- Increasing Use of Breathable Films for Premium Hygiene Products in Developing Countries
Restraints
- Volatility in Raw Material Prices
- Limited Or Stagnant Growth in the Baby Diaper Market in Developed Countries and Declining Birth Rate
Opportunities
- Scope for Growth in Markets With Lower Penetration Rates
Challenges
- Production of Cost-Effective Breathable Films
- Lack of Awareness About Adult Incontinence Diapers
Companies Mentioned
- Agarwal Technoplast
- American Polyfilm, Inc.
- Arkema SA
- Berry Global
- Covestro
- Daika Kogyo
- Dongying Gaolart Import & Export Co.
- Dot Specialty Films
- Fatra A.S.
- Felix Plastics
- Mitsui Hygiene Materials (Thailand) Co., Ltd.
- Napco National
- Parasrampuria Engineering Private Limited (PEPL)
- Plastik Group
- Polyzen, Inc.
- PT. Asia Pacific Fortuna Sari
- Rahil Foam Pvt. Ltd.
- RKW Group
- Schweitzer-Mauduit International
- Skymark Packaging Ltd.
- Sunplac Corporation
- Swanson Plastics Corporation (SPC)
- Tec Line Industries
- Toray Industries
- Trioplast Industrier AB
- Xpro India Ltd.
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