Textile and automotive industries are the main end users of nonwoven fabric, as this fabric is light in weight and provides the benefit of comfortable use. With the growing demand for products related to personal care across the globe, nonwoven fabric will only be more sough-after. Furthermore, with the ongoing Covid-19 pandemic affecting all countries across the world, the need for industrial and medical protective gear has never been so high, which subsequently surges the demand for nonwoven fabric. As such, the global nonwoven fabric market is projected to experience healthy growth over the forecast period of 2020 to 2030.
Favorable Global Demographics Aiding Nonwoven Fabric Market Growth
Although the fertility rate in most regions across the world is declining at a slow pace, the child population in Asia Pacific is projected to increase in the near future, as per data prepared by the United Nations Population Division. This will essentially be due to relaxation in the one-child policy in China and increasing birth rates in South East Asian countries. Increasing child population in emerging countries with GDP per capita over US$ 1,000 is projected to propel the demand for disposable diapers in the region. Emerging economies such as Indonesia, the Philippines, and Vietnam, with comparatively low penetration of disposable diapers and high birth rates, are estimated to be the fastest-growing markets in the region.
Although the consumption of nonwoven fabrics in China is high, per capita consumption in the country is much lesser as compared developed regions. Growing demand for baby diapers is driving spunbond propylene nonwoven fabric demand in the region. The demographic trend of ageing population in developed regions is projected to spur the demand for adult incontinence products in those regions. Regions with high GDP per capita, such as North America, Japan, and Europe, are witnessing declining fertility rates as per UN data. Consequently, percentage share of the elderly in the overall population in these regions is increasing. Increasing old age population in these developed regions is projected to fuel the demand for nonwoven adult incontinence products over the forecast period, thereby catalyzing the growth of the nonwoven fabric market.
Demand for Lightweight and Fuel-efficient Transportation Vehicles Positively Impacting Market
Automotive manufacturers across the world are trying to reduce the weight of vehicles to produce fuel-efficient and low-CO2-emitting vehicles. Consequently, the need for lightweight and high-strength materials for interior applications is rising. Nonwoven materials are 15%–20% lighter than other competing materials, and can reduce the weight of a car by up to 2 kilograms. Moreover, they also increase the comfort and safety of vehicles. These benefits have facilitated the use of nonwoven fabrics in over 40 applications, such as filters, carpets, and battery separators, in most vehicles. Nonwoven filtration used in vehicles reduces CO2 emissions and helps make a vehicle more environment-friendly. Apart from sustainability and environmental demand, the introduction of new technologies in automobiles and reducing model lifecycles are the other significant factors driving the demand for nonwoven fabric materials in the automobile industry.
Regional Analysis of Nonwoven Fabric Market
The regional nonwoven fabric markets of East Asia and South Asia are projected to grow at significant rates during the forecast period (2020-2030). Increasing population, growing investments in the medical and healthcare sector, rising per capita income, and rapidly growing construction sector are the primary factors driving market growth in these regions. Growth of the Asia Pacific market is driven by countries such as India and China, owing to the rapidly growing construction, automobile, and healthcare sectors in the region.
Nonwoven Fabric Market: Structure Analysis
Tier-1 players account for around 25%-30% share in the global nonwoven fabric market, and, as such, the market is estimated to be highly fragmented. Key participants in the global nonwoven fabric market are Avintiv, Inc, DowDupont, Toray Industries, Freudenberg SE, Asahi Kasei Corporation, Johns Manvile, Suominen Corporation, Ahlstrom, Kimberly-Clarke, Technical Textile., and Filmquest Group Inc., among others. To gain a competitive advantage in the landscape, market participants are investing more in R&D activities to launch new, improved products.
The global nonwoven fabric market is projected to witness substantial growth, owing to increasing investments in the construction, medical, and personal care sectors. East Asia is estimated to account for nearly one-third share of the global nonwoven fabric market in 2020. The textile and personal care segments, together, are estimated to hold more than half of the market share, and are projected to dominate the market over the forecast period of 2020 to 2030. The COVID-19 pandemic is projected to lead to a sharp rise of the textile segment, owing to increasing demand for medical protective apparel during 2020-2021.
Nonwoven Fabric Market - Scope of the Report
Persistence Market Research (PMR) recently published a study report on the global nonwoven fabric market. The report provides detailed valuation on key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the nonwoven fabric market structure. This market research report presents exclusive facts and figures about how the nonwoven fabric market will grow over the forecast period.
Key indicators of market growth, such as value chain analysis and supply chain, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in PMR’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the nonwoven fabric market over the forecast period.
The study is relevant for stakeholders in the nonwoven fabric market, as well as manufacturers, distributors, suppliers, and investors, as it can help them understand the applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the nonwoven fabric market can leverage the information and statistics presented in PMR’s research report.
The report includes facts & figures related to the macro- as well as macro-economic factors that are impacting the growth of the nonwoven fabric market. The study also offers actionable insights based on the future trends in the nonwoven fabric market. Furthermore, regional players and new entrants in the nonwoven fabric market can also use the information presented in this report to make business decisions and gain momentum in the market.
Key Segments of Nonwoven Fabric Market
PMR’s study on the nonwoven fabric market is divided into four significant segments - technology, material, application, and region. This report offers comprehensive data and information about important market dynamics and growth parameters related to these categories.
Key Questions Answered in PMR’s Nonwoven Fabric Market Report
Nonwoven Fabric Market: Research Methodology
In PMR’s research report, exclusive research methodology is utilized to conduct comprehensive research on the development of the nonwoven fabric market and reach conclusions on the future growth factors of the market. In this research methodology, secondary and primary research is utilized by analysts to ensure precision and reliability of the conclusions.
Secondary resources are referred to by analysts during the evaluation of the nonwoven fabric market study, and comprise the facts and figures from the World Bank, government websites, white papers, trade journals, and external and internal databases. Analysts have thoroughly interviewed several industry experts, such as sales supervisors, sales operation managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, and production managers, to provide insightful information.
Comprehensive information acquired from primary and secondary resources is validated from companies operating in the market to make PMR’s projections on the growth prospects of the nonwoven fabric market more accurate and reliable.