Asia Pacific to Witness Highest Growth Rate in Nonwoven Fabric Market

(Newswire.net — June 20, 2017) New York City, New York — According to the report by Persistence Market Research (PMR), the nonwoven fabric spun global consumption was anticipated to register 8.3% Y-o-Y rate by the end of 2016. It also projected the polypropylene segment to account for revenue share of ~71% by 2016 end, expecting to maintain its dominance throughout the forecast period (2016-2024). Global nonwoven fabric market is anticipated to reach $66.8 billion by the end of 2024. It is estimated to register 8.3% CAGR during 2016-2024.

Rise in infant and child population to drive the demand for disposable diapers in Asia Pacific

In terms of application, nonwoven fabric materials are majorly used in consumer products such as feminine care products, disposable diapers and adult incontinence. The market for nonwoven fabric is witnessing a significant growth due to the rise in demand for hygiene products. Moreover, the infant and child population is increasing in Asia Pacific. Hence, this factor is anticipated to boost the demand for disposable diapers in the coming years. With the rise in consumption of feminine care products and disposable diapers in the developing countries is expected to boost market growth during 2016-2024.

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Lightweight and fuel efficient transportation automobiles are also witnessing an increase in demand, this in, turn, is expected to boost the growth of nonwoven fabric market in years ahead. Increase in automotive production combined with the rise in use of nonwoven material in automobile interiors is expected to drive growth of nonwoven fabric market to an extent.

However, high cost of raw materials increases the price of finished products. This increase in price of finished products is anticipated to hamper the growth of nonwoven fabric market during the forecast period. Another factor expected to restrict the growth of nonwoven fabric market is the rise in stringent rules and regulations on the textile industry.

Many companies are shifting the production of nonwoven fabric to ASEAN countries. Along with this the companies are also offering basis weight reduction and consumer-specific products. All these activities are acting as a key trend in the global nonwoven fabric market.

Nonwoven fabric materials are also witnessing an increase in demand in hygiene applications, due to the favorable demographic trends, nonwoven fabric market is expected to register a growth during 2016-2024. Moreover, there has also been a rise in demand for fuel-efficient and lightweight transportation vehicle. Hence, the nonwoven fabric material is largely being used in automobiles. Transportation vehicles are also playing a major role in driving the growth of nonwoven fabric market.

ASEAN countries such as Philippines, Malaysia and Indonesia are expected to see the growth in nonwoven fabric market, due to the increasing use of disposable diapers in these developing countries. While Latin America and the Middle East and Africa are anticipated to witness above average growth rate, owing to the low product penetration.

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Rising construction activities in Russia will result into the moderate demand for nonwoven fabric market in Europe. However, North America is expected to witness low demand, owing to the rise in ageing population.

According to the report, some of the top producers of nonwoven fabric materials are Ahlstrom, Freudenberg SE and Kimberly-Clarke.