PP Nonwovens Market

PP Nonwovens Market

The global polypropylene nonwoven fabric market size is anticipated to be valued at USD 30.6 billion by 2020, as per a new commercially available research report by Radiant Insights, Inc.Growing usage of hygiene products such as incontinence products and baby diapers is likely to drive market growth. Baby diapers are expected to witness an increase in the PP nonwoven fabric market owing to increase in birth rate particularly in Asia Pacific. Growth in incontinence products demand owing to increasing ageing population is likely to surge industry growth

The material’s tremendous scope in durable applications such as geotextiles, waste contaminant and automotive owing to rapid industrialization is expected to positively influence demand. Fluctuating propylene market prices coupled with stringent regulations to curb carbon emissions is expected to challenge industry growth.

Spunbonded technology dominated the product segment and accounted for more than 45% of the total volume in 2013. This application is expected to be the fastest growing owing to wide preference in disposable applications and increasing penetration in durable segment. Staple polypropylene nonwoven fabric market demand is likely to exceed 3 million tons by 2020 with an estimated CAGR of 6.9% over the forecast period.

PP North America

The size of the global PP nonwoven fabric market  was estimated 5.94 million tons in 2013 and may register 9.97 million tons by 2020 growing with an estimated CAGR of 7.8% over the forecast period.

Hygiene dominated the application segment and accounted for 50.7% of the market share in 2013.

Furniture applications are expected to be the fastest growing application segment with gains estimated at more than 9% up to 2020. Growing furniture demand owing to increase in residential and commercial spending in BRICS nations is likely to influence the demand.

The Asia-Pacific dominated the regional market with a 40.6% of the market share in 2013. This region is likely to witness higher growth rates owing to presence of large scale manufacturing facilities coupled with large infrastructure investments particularly in China, India and Indonesia. North America was the second largest and is expected to witness moderate growth rates of CAGR of 7.0%.
It is a highly consolidated market observed by frequent mergers and acquisitions for increasing their regional presence. Key companies involved in this market include Kimberley-Clark Corp, Toray Industries, Fiberweb and PGI as well as  Mitsui Chemicals, SABIC, ExxonMobil, Fitesa and Polymer Group, Inc.



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