Transparency Market Research has released a new market report titled, "Nonwoven Materials & Products (Polypropylene, Polyester, Nylon and Others) Market For Disposable and Durable Applications—Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019." The repoprt says that the revenue generated by the nonwoven materials and products market was $28,783.8 million in 2012 and is expected to reach $45,363.7 million by 2019, growing at a CAGR of 6.7% from 2013 to 2019. The global demand for nonwoven materials and products was 8,176.3 kilo tons in 2012.
Durable applications market is the largest application area for nonwoven materials and products followed by disposable applications market. Durable applications include home furnishings, wall coverings, coating substrates, apparel interlinings, roofing products and geotextiles. Disposable applications include adult incontinence products, baby diapers, disposable wipes, feminine hygiene products, linens, medical or surgical products, filters, disposable garments and fabric softener substrates. Moreover, durable applications market is the fastest growing market for nonwoven materials and products. The rising global demand for medical disposable supplies is expected to be the major driver for the growing consumption of nonwoven materials and products.
The durable applications segment dominated the demand for nonwoven materials and products and accounted for 59.6% of the global demand in 2012. The increasing use of durable nonwovens in various industrial, construction and agricultural applications is expected to trigger the demand for nonwoven materials and products across the globe. The growing nonwoven medical disposables market is expected to be anotherkey factor driving thedemand for nonwoven materials and products. The rising demand for nonwoven materials and productsin the medical, construction and agriculture industriesisanticipated to drive the global nonwoven materials and productsmarket in the next six years.
The global nonwoven materials and productsmarket was dominated by the Asia Pacific region, which accounted for 40.4% of global volume consumption in 2012. Growth of the nonwoven materials and products market in Asia Pacific is mainly driven by the increasing demand from the medical agriculture industry in countries such as China and India. Asia Pacific was followed by Europe with 22.4% share in total volume consumption. The market saturation and product maturation in the North American and European region has led the major market players to focus on the attractive Asia Pacific market.
Nonwoven materials and products market to reach $45 billion
Published January 28, 2014