PUBLISHER: The Business Research Company | PRODUCT CODE: 1414603
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414603
“Spunbond Nonwovens Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on spunbond nonwovens market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for spunbond nonwovens? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The spunbond nonwovens market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Spunbond nonwovens are a category of nonwoven fabrics produced through a high-speed spinning process that bonds fibers together. These fabrics serve as a cost-effective and easily processed alternative to traditional woven materials, boasting excellent performance properties.
Two primary classifications of spunbond nonwovens are disposable and non-disposable. Polypropylene, a synthetic thermoplastic polymer derived from propylene monomers through polymerization, is a key material used in their production. Other materials include polyethylene, polyester, and various others. These nonwovens find application in diverse sectors such as agriculture, medical, personal care, hygiene, automotive, and packaging.
End-users leverage spunbond nonwovens in various products such as crop covers, face masks, air filters, carry bags, posters, banners, and more. The versatility of these materials makes them integral in meeting the needs of different industries, contributing to their widespread adoption.
The spunbond nonwovens market research report is one of a series of new reports from The Business Research Company that provides spunbond nonwovens market statistics, including spunbond nonwovens industry global market size, regional shares, competitors with a spun-bond nonwovens market share, detailed spunbond nonwovens market segments, market trends, and opportunities, and any further data you may need to thrive in the spun-bond nonwovens industry. This spunbond nonwovens market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The spunbond nonwovens market size has grown strongly in recent years. It will grow from $14.61 billion in 2023 to $15.67 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The expansion observed in the historical period can be ascribed to several factors, including advancements in raw materials, the proliferation of end-use applications, heightened awareness of sustainable practices, regulatory backing and adherence to standards, as well as market consolidation and mergers..
The spunbond nonwovens market size is expected to see strong growth in the next few years. It will grow to $20.48 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The anticipated growth in the forecast period can be linked to factors such as innovative product development, a surge in demand for lightweight materials, emerging market opportunities, a heightened focus on the circular economy, and strategic alliances and partnerships. Noteworthy trends expected during this period encompass a growing demand for sustainable materials, technological advancements in production processes, an increasing application in the hygiene and medical sectors, the expansion of geographical markets, and a notable emphasis on customization and product diversification.
The upward trajectory in the production of automobiles is a key driver for the spunbond nonwovens market. Automobiles, characterized as self-propelled vehicles for road transportation, extensively utilize spunbond nonwovens in applications such as car carpets, temperature regulation, and sound insulation. These nonwovens are favored for their high resistance, robust tensile strength, and uniform fiber distribution. The surge in automobile production, as evidenced by the European Automobile Manufacturers' Association (ACEA) reporting a global motor vehicle production volume of 79.1 million units in 2021 (a 1.3% increase from 2020), and the US Federal Reserve noting a rise in auto production from 1.71 million to 1.87 million units in March 2023, contributes significantly to the heightened demand for spunbond nonwovens.
The expanding construction sector is anticipated to fuel the growth of the spunbond nonwovens market. Encompassing planning, design, construction, renovation, and maintenance of buildings and infrastructure, the construction industry extensively relies on spunbond nonwovens for applications such as underlayment beneath roofing shingles to safeguard roof decks from water damage. Additionally, these materials act as barriers against air infiltration, enhancing energy efficiency. Notably, the U.S. Census Bureau reported a 15.6% increase in the housing units started in 2021 (1,595,100 units) compared to the previous year (1,379,600 units), underscoring the pivotal role of spunbond nonwovens in the construction sector's growth.
Prominent companies in the spunbond nonwovens market are strategically developing new sustainable nonwoven products to secure a competitive advantage. Sustainable nonwoven products are those designed and produced with a commitment to environmental responsibility and long-term ecological balance. For instance, in October 2023, PFNonwovens (PFN), a Czech Republic-based nonwoven fabrics company, introduced a sustainable product portfolio utilizing 100% renewable and compostable materials, particularly polylactic acid (PLA) resins. Leveraging Reicofil 5 technology, PFNonwovens aims to address environmental concerns within the nonwovens industry. The newly launched PLA-based nonwovens provide eco-friendly solutions with a focus on softness, meeting industry standards for applications such as hygiene products and medical use.
Major players in the acrylic rubber sector are actively pursuing collaboration and partnerships to deliver reliable services to their customers. Strategic partnerships involve structured affiliations between two or more commercial enterprises, typically established through one or more business agreements or contracts. For instance, in June 2023, Lenzing AG, an Austria-based chemicals company, entered into a partnership with HangZhou Nbond Nonwovens, a China-based nonwoven fabrics company, to advance global innovation in flushable nonwovens. NBond, a longstanding user of Lenzing's VEOCEL fibers, is known for introducing flushable feminine care products worldwide. The collaboration aims to explore new applications of VEOCEL branded lyocell fibers in flushable nonwovens, addressing evolving consumer needs. Lenzing will provide technical and innovation support, leveraging VEOCEL expertise, while NBond contributes its technical knowledge and consumer brand network. The collaboration focuses on joint product innovation, service optimization, and sustainability, with the goal of expanding the global portfolio of flushable nonwovens, encompassing hygiene and surface cleaning segments.
In July 2021, JOFO NONWOVENS CO. LTD., a China-based nonwovens manufacturer, completed the acquisition of Advanced Fabrics (SAAF) for an undisclosed amount. This strategic move provided JOFO with an opportunity to expand its geographical presence in East Asia and the Middle East and facilitated its entry into the medical industry. Advanced Fabrics (SAAF), based in Saudi Arabia, is a manufacturer of nonwoven fabrics.
Major companies operating in the spunbond nonwovens market report are Asahi Kasei Corporation, Kimberly-Clark Corporation, Mogul Co Ltd., Kuraray Co Ltd., Johns Manville Corporation, Avgol Ltd., Berry Global Inc., Toray Industries Inc., Fitesa SA, Mitsui Chemicals Inc., Radici Partecipazioni SpA, Ahlstrom-Munksjo Oyj, Kolon Industries Inc., PFNonwovens Czech sro, Freudenberg Group, Sunshine Nonwoven Fabric Co Ltd., KT Exports Private Limited, Hydroweb GmbH, Schouw & Co, Pegas Nonwovens SA, DuPont de Nemours Inc., Glatfelter Corporation, Hollingsworth & Vose Company, Fibertex Nonwovens A/S, First Quality Nonwovens Inc., Suominen Corporation, TWE Group, FiberVisions Corporation, Foss Manufacturing Company LLC, Fiber Dynamics Inc., Fiberweb LLC, Lydall Inc., Monadnock Non-Wovens LLC, Neenah Inc., Precision Custom Coatings LLC, Sandler AG, Spuntech Industries Inc., Tapyrus SA, Texel Technical Materials Inc., Toyobo Co Ltd.
Asia-Pacific was the largest region in the spunbond nonwovens market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global spunbond nonwovens market report during the forecast period. The regions covered in the spunbond nonwovens market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the spunbond nonwovens market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The spunbond nonwovens market consists of sales of dry-laid, air-laid, and wet-laid nonwovens. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.