Non-Woven Fabric Market – Overview
Geographically, Asia Pacific emerged as the largest market for non-woven fabric in 2016 and is estimated to retain its dominance over the estimated years owing to increasing demand from healthcare, construction, and industrial sector specifically in China, India, Japan, Vietnam, Malaysia, Thailand, Taiwan, and South Korea. Furthermore, economic growth in this region along with rapid industrialization has resulted in the raised production and sales of hygienically approved products, which is likely to increase the demand for non-woven fabric in the upcoming years. Furthermore, huge investment by major operating players in their Research & Development activities and shifting of non-woven fabric manufacturing facilities as well as significantly increasing end use industries in this region is predicted to drive the non-woven fabric regional market growth. North American market is estimated to witness steady growth on account of increasing demand from healthcare and industrial sector. In North America, U.S. and Canada are among the major contributor in the regional market growth due to strong growth of consumer goods and construction sector. Europe is expected to witness significant growth on account of increasing awareness regarding personal hygiene as well as rising consumption of non-woven products. Emerging countries of the Middle East & Africa and Latin America such as Turkey, the United Arab Emirates, Brazil, and Mexico are expected to witness above average growth due to increasing per capita disposable income along with strong consumer base for healthcare industry.
Industry/ Innovation/ Related News:
June 2016- Toray Industries Inc. announced to increase the manufacturing capacity of their high performance polypropylene spunbond nonwoven fabric at its Seoul, South Korea based plant. Toray Advanced Materials Korea Inc. construct a plant with a production capacity of 18,000 tonnes per year and this plant is predicted to start operation in April 2018. With this expansion the company will able to meet the growing demand for non-woven fabric market.
March 2016- Fitesa, a leading manufacturer of nonwoven fabrics announced to spend around USD 52 million at its existing operations in Simpsonville. The expansion expected to be completed by fourth quarter of 2017. With this expansion the company will able to meet the increasing demand for non-woven fabrics.
July 2017- Fiberweb India Limited announced the completion of first phase of expansion program of melt blown line. The company predicted to start operation in August 2017. This strategic decision is estimated to strengthen the position of company in Asia Pacific non-woven fabric market players.
Competitive Landscape
The Non-Woven Fabric report has analysed the level of competition among the key operating players as well as sector growth and market scenario. The global non-woven fabric market comprises of various manufacturers operating in the market which comprised of large scale and medium size manufacturers. Some of the prominent market players operating in the global non-woven fabric industry has shifted their focus towards growth association specifically by Asia Pacific as medium scale and small scale manufacturers are from this region specifically from China, South Korea, India, Indonesia, Thailand, Taiwan, Malaysia, and Japan. In addition, the key operating players are focusing on extending their product portfolio by strategic acquisition and mergers, joint ventures, product launches, and exclusive agreements. Some of the companies are escalating their manufacturing capacity of non-woven fabric to meet the increasing demand for non-woven fabric. Moreover, some of the manufacturers has launched a series of product to solidify their position in the market.
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Base Year | 2016 |
Companies Covered | 15 |
Pages | 132 |
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