Nonwoven Fabrics Market Expected to Earn $ 68.1 Billion Globally by 2030 at 6.0% CAGR, According to Allied Market Research

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The increased demand for nonwovens in the healthcare industry, the increasing demand for nonwoven fabrics in the textile industry, the demand for light and fuel efficient transport vehicles are driving the growth of the global nonwoven fabrics market.

PORTLAND, Ore., November 2, 2021 / PRNewswire / – Allied Market Research published a report titled, “Nonwoven fabric market by type of polymer (polypropylene (PP), polyethylene (PE), polyethylene terephthalate (PET), wood pulp, rayon and others), function (disposable and durable), technology” (Spunbond, Wet Laid , Dry Laid, and Air Laid) and Application (Hygiene, Medical, Filtration, Automotive, Building and Construction and others): Global Opportunity Analysis and Industry Forecast, 2021-2030 “. According to the report, the global level non-woven fabric industry generated $ 38.3 billion in 2020, and should generate $ 68.1 billion by 2030, with a CAGR of 6.0% from 2021 to 2030.

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Main determinants of growth

The increased demand for nonwovens in the healthcare industry, the increasing demand for nonwoven fabrics in the textile industry, the demand for light and fuel efficient transport vehicles are driving the growth of the global nonwoven fabrics market. However, commodity availability issues and commodity price volatility are hampering market growth. On the other hand, the proliferation of new technologies presents new opportunities in the years to come.

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Covid-19 scenario

  • Due to the outbreak of the Covid-19 pandemic, the demand for nonwoven hygiene products has dramatically increased in health centers, which in turn has positively impacted the global nonwoven fabrics market.

  • Non-woven fabrics are widely used to make essential health products, such as face masks, isolation gowns, curtains, disposable caps, and shoe covers and headwear, which is expected to help in particular. to the growth of the global market during the pandemic.

Durable ones segment to maintain its leadership status throughout the forecast period

On the basis of function, the durable goods segment held the highest market share in 2020, accounting for more than half of the global nonwoven fabrics market, and is expected to maintain its leading status throughout the period of forecast. Additionally, the same segment is expected to post the highest CAGR of 6.5% from 2021 to 2030. The increase in construction spending in emerging markets such as Brazil, China, and India have led to the demand for geotextiles in roads and buildings, which in turn is expected to drive demand for nonwovens in sustainable applications. The report also mentions the disposable segment.

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Hygiene segment to maintain its leading position during the forecast period

On the basis of applications, the hygiene segment accounted for the largest share in 2020, contributing nearly three fifths of the global nonwoven fabrics market, and is expected to maintain its leading position during the forecast period. This is due to the increasing consumption of nonwoven fabrics as an alternative to traditional textiles in hygiene products due to their excellent absorption properties, softness, smoothness, strength, comfort and convenience. adjustment, stretching ability and cost effectiveness. Additionally, the building and construction segment is expected to account for the highest CAGR of 7.1% from 2021 to 2030, due to increased construction spending in emerging markets such as Brazil, China, and India.

Asia Pacific, followed by Europe & North America maintain its dominance by 2030

Depending on the region, Asia Pacific, followed by Europe & North America held the highest market share in terms of 2020 revenue, accounting for around two-fifths of the global non-woven fabrics market. In addition, the same region should witness the Fastest CAGR 6.6% from 2021 to 2030, due to factors such as the improvement of the world economy, the increase in the labor force, the increase in the domestic demand for hygiene products. The report also includes North America, LAMEA, and Europe.

Main market players: –

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Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

Pawan kumar, CEO of Allied Market Research, leads the organization towards providing high quality data and information. We have professional relationships with various companies, which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Each of the data presented in the reports we publish is extracted through primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.

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