PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1218883
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1218883
According to Stratistics MRC, the Global Spunbond Nonwoven Market is accounted for $15.23 billion in 2022 and is expected to reach $24.23 billion by 2028 growing at a CAGR of 8.2% during the forecast period. Spunbond is the process of fibre spinning, netting formation, and bonding results in nonwoven, which is a collection of unbroken filaments. The spunbond technique is mostly used to create the fabric for the aforementioned product since it offers the quickest way to convert polymer into fabrics. The demand for nonwoven textiles is increasing due to their expanding use in the production of personal care and hygiene products such wipes, sanitary products, and masks.
According to the data released by the National Bureau of Statistics in, China's health technicians reached 10.1 million in 2019. This report estimates more than 60% of the healthcare professionals are consuming protective gloves, people consumes 6 gloves every day, and the demand reached 13.27 billion in 2019.
Market Dynamics:
Driver:
Growing Demand from the Personal Care and Medical Sectors
The personal care and medical sectors are expanding quickly as a result of economic growth and technological innovation, which in turn is driving up demand for technical textiles. They are used to create surgical gowns, bandages, gloves, and masks. To address the growing consumer demand during the pandemic, businesses are also supporting and producing new items. Additionally, maintaining personal hygiene is anticipated to become popular in the upcoming years as a way to lower the risk of infection. This will facilitate the usage of spunbond nonwoven material over the anticipated period.
Restraint:
Instability of raw material prices
Polypropylene, polyethylene, and polyester are the principal basic ingredients. These raw materials' prices change every day, which could result in high production expenses. Additionally, the incidence of contamination is increasing as a result of the frequent discarding of disposable nonwoven products. The government is concerned about the regular accumulation of medical waste to the trash heap. Regulations on the use of these raw materials have been implemented in a number of nations as a result, which has quiet the market's expansion by lowering the pollution rate which are hampering the market growth.
Opportunity:
Growing Innovation in Disposable Products
Spunbond Nonwoven is becoming more and more popular, which has encouraged in the development, modernization, and innovation of disposable goods for use in personal care, such as newborn diapers, adult incontinence products, and healthcare, including covers, face masks, gowns, gloves, and wipes. The increased production of disposable goods is a result of product qualities like flexibility, durability, lightweight design, and ease of processing while offering one-time usage. The personal care and hygiene business, which depends mainly on disposable items, is expanding as a result of consumers' increased awareness of health and cleanliness are provide wide range opportunities in the growth of the market.
Threat:
Expansion restrictions for small and medium-sized businesses in developing nations
Spunbond nonwovens require a lot of resources to manufacture, and establishing a manufacturing facility requires a substantial initial investment. Rapid technical advancements have resulted in the production of pricey, highly advanced equipment. However, small and medium sized producers face a very high entry hurdle. Due to their inability to make initial expenditures, small and medium-sized enterprises are unable to reap the benefits of cost-benefit ratio over the long term which hinders the market growth.
COVID-19 Impact
Industries like automotive, geo textiles, filtration, and textiles have been badly impacted by the COVID-19 epidemic and their goods' production has been interrupted. In response to the supply chain disruption, demand for spunbond fell. Nonwoven material as a result of end-user and manufacturing closures as well as Regulations governing safety precautions for workers also has an impact on the overall productivity of industry. However, the pandemic also had a positive impact on the market because demand for items increased quickly due to use in the medical sector. As a means of preventing the transmission of disease, demand for items like masks, gowns, medical wipes, and bandages increased.
The Polyethylene segment is expected to be the largest during the forecast period
The Polyethylene segment is estimated to have a lucrative growth, due to its continuously spinning fibres, which are then either guided by air streams or immediately dispersed into a deflector that resembles a web. The result is a faster belt speed and these are created in sheet or web structures bound by entangled fibres or filaments using thermal or chemical treatments, depending on the specifications given by the manufacturer or supplier of spunbond fabric. It has a primary waterproofing layer with low-density polyethylene and a high branching ratio with good flexibility, water permeability, softness, and resistance which are encouraging in the market growth.
The Medical segment is expected to have the highest CAGR during the forecast period
The Medical segment is anticipated to witness the fastest CAGR growth during the forecast period; due to exact specifications of an application, they are renowned for providing greater performance in specialised activities. It provides excellent barrier properties, Superior efficiency, and increased protection for user, less potential for cross contamination. Medical and surgical nonwovens are mostly used for wound care. Nonwovens are used in a wide range of items, including absorbent pads, incontinence products, and staff and patient clothing. Diapers, blankets, bed linens, burn dressings, disposable undergarments, masks, nasal strips, pillows, sponges, sutures, tissue scaffolds, towels, and wraps, among other items. Hence all the above factors are driving the market growth.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the region's rapid economic development and expanding population, which resulted in a high demand for personal care and hygiene products, it represented the greatest value in the global market. The region's population is steadily growing, which is encouraging expansion in the building, auto, and healthcare sectors. Due to the strong demand for spunbond nonwoven materials, this increase is fuelling the market's expansion.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the producers in the area are constantly working to provide clients cutting-edge alternatives, and personalization is one of them. Due to the increased usage of nonwoven goods to enhance the aesthetics of automotive interiors, possibilities have been created for the industry, which is predicted to expand. Consumer awareness of health issues and disease incidence has increased, which has increased spending on healthcare services thus, accelerating the market growth in this region.
Key players in the market
Some of the key players profiled in the Spunbond Nonwoven Market include DuPont, PEGAS NONWOVENS Czech s.r.o., Asahi Kasei Corporation, TORAY INDUSTRIES INC, Mogul Co. Ltd, KURARAY CO. LTD, Schouw & Co., Mitsui Chemicals, Kolon Industries Inc, Aktieselskabet Schouw & Co., Berry Global Inc, RadiciGroup, Avgol Industries, Freudenberg Group, Kimberly-Clark Corporation and Johns Manville Corporation.
Key Developments:
In March 2022, Asahi Kasei Pharma signs exclusive license agreement with VectivBio to develop and commercialize next-generation GLP-2 analog peptide apraglutide in Japan. Here in after "VectivBio") have executed a license agreement whereby Asahi Kasei Pharma will acquire the exclusive rights in Japan to develop and commercialize apraglutide, a next-generation, long-acting GLP-2 analog peptide.
In Jan 2022, DuPont Completes New Production Line in Circleville, Ohio. Project expands capacity for Kapton® polyimide film and Pyralux® flexible circuit materials to meet growing global demand, ensuring a committed supply to meet the growing global demand in the automotive, consumer electronics, telecom, specialized industrial and defense segments served by DuPont.
In Jan 2021, DuPont Launches Split-Off Exchange Offer for its Nutrition and Biosciences Business the exchange offer is part of DuPont's previously announced Reverse Morris Trust transaction with International Flavors & Fragrances.
In Jan 2020, NASA's Webb Telescope launches with Ultra-thin DuPont™ Kapton® Polyimide Films DuPont technology, in the form of ultra-thin Kapton® polyimide films, is the crucial material protecting the JWST from the light and the heat of the sun, enabling it to function properly in space.
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