The Spunbond Nonwovens Market Global Industry is projected to grow from USD 12.7 billion in 2018 to USD 18.3 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period.
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The growth of the spunbond nonwovens market can be attributed to the increased consumption of spunbond nonwovens due to the growing population and demand for spunbond nonwovens from hygiene and medical segments.
Key Market Players
Major companies in the spunbond nonwovens market include 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). These players have adopted expansions, investments, acquisitions, collaboration, new product launches, and mergers as the major strategies to consolidate their position in the market. Expansion has been the most dominant strategies adopted by the major players between 2013 and 2018.
Based on material type, polypropylene is expected to grow at the highest CAGR during the forecast period
The polypropylene segment is expected to be the largest and fastest-growing segment in the spunbond nonwovens market, by material type during the forecast period, 2018–2023. The high melting point of polypropylene (160° C–170° C) acts as an advantage in the processing of nonwovens. Polypropylene fibers can be softened sufficiently to bond to one another without destroying fiber properties. Nonwoven fibers made from polypropylene can, therefore, be fusion-bonded, eliminating the need for chemical binders. The benefits of this technique include both, energy saving and environmental friendliness. Polyester is expected to be the second-largest and fastest-growing material type segment in the spunbond nonwovens market globally during the forecast period, 2018–2023.
Rising population and increasing awareness regarding hygiene products have increased the demand for spunbond nonwovens globally.
Personal care & hygiene, medical, agriculture, packaging, and automotive are some of the key end-use segments in the spunbond nonwovens market. Personal care & hygiene is expected to be the largest and fastest-growing segment during the forecast period. Medical is expected to be the second-largest and fastest-growing end-use segment during the forecast period.
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Asia Pacific spunbond nonwovens market is expected to grow at the highest CAGR during the forecast period.
The Asia Pacific region is estimated to be the largest spunbond nonwovens market in 2018. China, India, Japan, and South Korea are the major countries in this regional spunbond nonwovens market. Rising disposable income has resulted in the increasing demand for disposable diapers, feminine hygiene items, and wipes, thus, driving the growth of the market. Various leading players have been carrying out strategic expansion activities in the region to meet the growing demand from various end users.
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