The non-woven fabrics market size accounted for US$ 37.06 billion in 2019 and is estimated to reach US$ 58.63 billion by 2027 and is anticipated to register a CAGR of 5.9% from 2020 to 2027.
The report provides the overall revenue of the global non-woven fabrics market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.
Non-woven fabrics are extensively used in medical sector because of their less cost particularly in the cost-sensitive hospitals. Disposable and reusable non-woven fabric materials are widely used for drapes, surgical gowns, gloves, and instrument wraps to prevent the spread of infection. Numerous initiatives by governments of different regions to control Hospital Acquired Infections (HAIs) further flourishes the growth of disposable non-woven products over the coming time period. However, volatility it the prices of raw material anticipated to hamper the market growth moderately over the forecast timeframe.
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- The Asia Pacific led the global market with more than 40% volume share in 2019 due to increasing birth rate along with ageing population in the region
- North America projected to register notable growth for the global market on account of rising reconstruction activities for upgrading the infrastructure and significant growth of the transportation sector
- Polypropylene emerged as the leading product segment across the global market and accounted for a volume share of more than 60% in 2019
- Polyester is the second largest product segment across the global market and anticipated to register a steady growth rate during the upcoming years
- Durable application accounted for the major volume share in 2019 due to rising spending in the construction activities majorly in the developing countries
- Disposable segment anticipated to witness substantial growth over the forthcoming years because of constant replacement of reusable medical non-woven fabrics with disposable fabrics
Report Scope of the Non-woven Fabrics Market
|Market Size||USD 58.63 Billion by 2027|
|Growth Rate||CAGR of 5.9% from 2021 to 2027|
|Largest Market||Asia Pacific|
|Fastest Growing Market||North America|
|Forecast Period||2021 to 2027|
|Segments Covered||Product, Application, Region|
|Companies Mentioned||Nolato AB, Freudenberg Medical LLC, Rochling Group, GW Plastics Inc., MedPlast Inc., Phillips Medisisze Corporation, C&J Industries Inc., Tekni-Plex, Inc., Pexco LLC, and Medical Plastic Devices Inc.|
The Asia Pacific was the major market for non-woven fabrics in 2019 in terms of volume and accounted for a market share of more than 40%. The region expected to maintain its dominance over the forthcoming years. The significant growth of the region is attributed to the rising ageing population and birth rate that triggers the need for hygiene for these people in order to prevent them from allergies. Apart from this, growing construction activity to meet the rising demand for housing and other structural facilities again expected to foster the market growth of non-woven fabrics in the region.
On the contrary, North America and Europe are matured markets for construction and transportation sector, though they offer lucrative opportunity to the non-woven fabrics on account of their attractive benefits and properties over conventional material such as light weight, high durability, and excellent strength. Apart from this, matured market for disposable non-woven products anticipated to hamper the market growth over the coming years.
Key Players & Strategies
Major market players in the global non-woven fabrics market accounted for less than 20% of the market share because of which the global market is highly fragmented in nature. Furthermore, large number of players present in the market at both regional and international level that is the other major factor responsible for market fragmentation. These industry participants are majorly adopting inorganic growth strategies such as merger & acquisition, partnership, collaboration, and joint venture to strengthen their market foothold and gain competitive advantage over others.
Besides this, with the outbreak of COVID-19 pandemic in the starting of year 2020 several non-woven fabric manufacturers have expanded their production capacity by investing in machinery in order to manufacture healthcare essentials. For instance, in June 2020, Lydall opened a new production line on account to cater the increasing global demand for face masks. Similarly, in May 2020, Berry Global announced to expand its Meltex melt-blown capacity for supporting the increasing demand for face masks and other protective equipment.
Some of the prominent players in the non-woven fabrics market include:
- Du Pont Chevron Corporation
- Ahlstrom Incorporation
- Polymer Group Incorporation
- Asahi Kasei Corporation
- First Quality
Segments Covered in the Report
- Wet Laid
- Air Laid
By Regional Outlook
- North America
- Asia Pacific
- South Korea
- Rest of the World
TABLE OF CONTENT
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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