Polypropylene (Pp) Nonwoven Fabric Market Growth Opportunities 2022
The global polypropylene (pp) nonwoven fabric market size was valued at 38.2 billion in 2021 and poised to grow at a CAGR of 7.2% during the forecast period 2022-28. Global polypropylene (PP) nonwoven fabric market is surging due to the frequent launchings and acquisition by the key players. For example, Asahi Kasei expanded production capacity for spunbond nonwovens in June 2018 in Thailand trough the addition of a new production line at its subsidiary Asahi Kasei Spunbond (Thailand) Co., Ltd (AKST). Asahi Kasei will continue to enhance its infrastructure for steady supply of spunbond in line with market growth in Asia while reacting to the requirements of diaper manufacturers in the region.
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There are a few major factors enhancing the growth of market are growing ageing population, increase in product penetration in geotextiles, growing product demand in end-use industries, huge R&D investments, increase in adult diapers demand and growing demand for protective clothing. On the other hand, there are a few factors hampering the market growth are speedily changing customer preference and increasing environmental issues. The most important market growth drivers are high patient consciousness levels and increasing prevalence of diseases such as inflammatory bowel disease and crohn’s disease. Requirement for synthetic fiber replacement increase because of the growing environmental issues associated with the use and production of fossil fuel derived from polypropylene. Polypropylene prices are reducing due to the limited supply of monomer, lower feedstock costs and lower demand as the market is dependent on commodity cost.
The global polypropylene (pp) nonwoven fabric market segmentation:
- By Product: Spunbonded, Staples, Meltblown and Composite
- By Application: Hygiene, Industrial, Medical, Geotextiles, Furnishings, Carpet, Agriculture, Automotive and Others
- By Sales Channel: Direct and Indirect
Asia Pacific got major revenue share in the Global polypropylene (PP) Nonwoven Fabric Market
Global Polypropylene (PP) Nonwoven Fabric market report gives comprehensive outlook on polypropylene (PP) nonwoven fabric across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Among these regions, Asia Pacific got major revenue share in the global polypropylene (PP) nonwoven fabric market with significant CAGR rate because of the growing disposable income, customer preferences towards baby diapers and adult incontinence. Additionally, China is the leading market growth contributor in this region due to the growing infrastructure development activities by the Chinese government in the country.
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Competitive Analysis - Global Polypropylene (PP) Nonwoven Fabric Market
Key player’s profiles in the global polypropylene (PP) nonwoven fabric market include Ahlstrom-Munksjö Oyj (Finland), Asahi Kasei Corporation (Japan), Avgol Industries 1953 Ltd (Israel), Berry Global Inc. (U.S), Fitesa (Brazil), Johns Manville Corporation (U.S), Low And Bonar Plc (U.K), Suominen Corporation (Finland), The Freudenberg Group (Germany) and Toray Industries, Inc. (Japan).
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