Jul 06,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Spunbond Nonwovens Market.
It was estimated prior to this unanticipated outbreak that the Spunbond Nonwovens Market was expected to grow at a CAGR of 7.5% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Spunbond is a process through which fabrics are produced using thermoplastic polymers such as polypropylene, polyethylene, and polyesters. This process involves the extrusion of molten polymers through a spinneret on a moving conveyor belt to form continuous web. Spunbond nonwovens find use in personal care & hygiene, medical, agriculture, packaging, and other industries. In personal care & hygiene, these products are used in baby/adult diapers, feminine care products. In medical, spunbond nonwovens are used in drapes, gowns, gloves, and wipes for the prevention of hospital-acquired infections (HAIs).
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the function type, the spunbond nonwovens market is segmented as disposable and durable. Disposable spunbond nonwovens dominated the market with their major use in personal care & hygiene. Increasing usage of disposable hygiene products including baby diapers, sanitary napkins, and adult diapers in developing countries is driving the disposable spunbond nonwovens market.
Based on the material type, the market is segmented as polypropylene, polyethylene, polyester, and others. Polypropylene-based spunbond nonwovens dominated the market in 2020, and are expected to remain dominant during the forecast period. Polypropylene is extremely versatile with competitive price and hence, is majorly used in the market.
Based on the end-use industry type, the market is segmented as personal care & hygiene, medical, agriculture, packaging, automotive, and others. Personal care & hygiene is expected to dominate the market during the forecast period owing to its significant usage in baby diapers and feminine care products. Growing birth rate, increasing awareness of using these hygiene products in developing countries are expected to fuel the demand.
In terms of regions, Asia-Pacific is estimated to remain the largest market during the forecast period as it accounts for the largest share of the global population. Furthermore, currently the penetration of hygiene products in Asia-Pacific countries such as China, India, and Indonesia are comparatively low than the North American and European countries. With the improving per capita income and affordability of hygiene products by the people, these countries will further lead the market.
Some of the major players in the spunbond nonwovens market are-
- Schouw & Co.
- PF Nonwovens Group
- Mitsui Chemicals Inc.
- Kimberly-Clark Corporation
- Berry Plastics Group Inc.
- Toray Industries, Inc.
- Asahi Kasei Corporation
- Kolon Industries, Inc.
- Mogul Co. Ltd.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Spunbond Nonwovens Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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