12.10.19
By Nick Carter, Director of Market Business Intelligence and Intellectual Property at Avgol
The nonwovens sector has a great deal to look forward to in the coming year, alongside a number of new challenges. Fibre2Fashion recently noted that the global market is set to grow to a value of $50 billion by the close of 2020, strengthened by a rapidly growing hygiene segment. The outlook is good.
The Asia-Pacific region in particular is projected to demonstrate significant growth, supported by continuously expanding manufacturing infrastructure. The Asian market accounted for 43% of global nonwovens marketshare just four years ago, a figure expected to exceed 47% within the next 12 months. This rapid growth is demonstrative of the accelerating Indian and Chinese economies, which are incorporating nonwoven textiles in a broad spectrum of applications, including geotextiles and the burgeoning automotive industry. It is precisely because of this rapid market expansion that Avgol has put a great deal of focus on the Asian market, investing in a number of specialist technologies and initiatives to capitalize on the burgeoning market, stre
The nonwovens sector has a great deal to look forward to in the coming year, alongside a number of new challenges. Fibre2Fashion recently noted that the global market is set to grow to a value of $50 billion by the close of 2020, strengthened by a rapidly growing hygiene segment. The outlook is good.
The Asia-Pacific region in particular is projected to demonstrate significant growth, supported by continuously expanding manufacturing infrastructure. The Asian market accounted for 43% of global nonwovens marketshare just four years ago, a figure expected to exceed 47% within the next 12 months. This rapid growth is demonstrative of the accelerating Indian and Chinese economies, which are incorporating nonwoven textiles in a broad spectrum of applications, including geotextiles and the burgeoning automotive industry. It is precisely because of this rapid market expansion that Avgol has put a great deal of focus on the Asian market, investing in a number of specialist technologies and initiatives to capitalize on the burgeoning market, stre
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