Nonwoven Fabrics Market Growth & Trends:
The global nonwoven fabrics market size is expected to reach USD 75.74 billion by 2030, growing at a CAGR of 4.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing production of baby diapers on account of increasing birth rate particularly in Asia Pacific is expected to remain a key driving factor for the global market. Increasing construction spending in emerging economies of China, India and Brazil is also expected to have a positive influence on the market growth. Volatile prices of key raw materials are expected to remain a key challenge for market participants over the next six years.
PP nonwoven fabrics are also expected to witness highest growth rate over the next six years. Increasing birth rates in emerging markets of India and China and increasing geriatric population in countries such as U.S., UK, Germany and Japan have driven the demand for baby diapers and adult incontinence products respectively. Increasing demand for baby diapers and adult incontinence products is expected to drive polypropylene nonwoven fabrics demand.
Nonwoven Fabrics Market Report Highlights:
- The disposables segment dominated the market with 59.8% share in 2023. Disposable nonwovens are widely used in personal care products, medical supplies and food packaging.
- Spunlaid emerged as the leading technology used in the global market and accounted for 48.4% of total market volume in 2023. Spunlaid is also expected to witness highest growth rate over the next several years. Increasing demand for spunlaid nonwoven fabrics in hygiene and medical applications is expected to drive its market over the next six years. Global demand for air laid based nonwoven fabrics is expected to exceed 1 million tons by 2020.
- Durable applications such as construction, automotive and geotextile were the leading application segment in the global nonwoven fabrics industry which together accounted for 40.04% of total market volume in 2023. Growth of construction and automotive industry particularly in BRIC nations is expected to spur growth for nonwoven fabrics in durable applications.
- Asia Pacific was the leading regional market and accounted for 43.1% of total market demand in 2023. Growth of major end-use industries particularly in emerging markets of China and India is expected to drive nonwoven fabrics market in the region over the forecast period