Global, China, and India Spunbond Nonwoven Market to Grow with a CAGR of 7.5%, 7.8%, and 8.6% Respectively During 2021-2030; Market to Grow on Account of Growing Demand for Personal Hygiene Products
Kenneth Research published a report titled Global, China, and India Spunbond Nonwoven Market: Demand Analysis & Opportunity Outlook 2030 which delivers detailed overview of the global, China, and India spunbond nonwoven market in terms of market segmentation by usability, material type, end-use industry, and by heating technology.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global, China, and India spunbond nonwoven market is anticipated to grow with a CAGR of 7.5%, 7.8%, and 8.6% respectively during the forecast period, i.e., 2021-2030. The market is segmented by material type into polypropylene, polyester, polyethylene, polyurethane, and others, out of which, the polypropylene segment, in the global market, is anticipated to garner the largest volume of 10096.4 Thousand Tons by the end of 2030. Moreover, in the year 2020, the segment generated a volume of 5099.8 Thousand Tons.
The global, China, and India spunbond nonwoven market is estimated to attain a volume of 17332.9 Thousand Tons, 4776.9 Thousand Tons, and 980.5 Thousand Tons respectively by the end of 2030, up from a volume of 8429.5 Thousand Tons, 2263.7 Thousand Tons, and 429.3 Thousand Tons respectively in the year 2020. The growing count of patients that have chronic diseases, followed by the increasing number of patients visiting hospitals, are some of the major factors anticipated to drive the demand for spunbond nonwoven products, and in turn, accelerate the market growth.
Growing Demand for Personal Hygiene Products to Drive Market Growth
With the increasing awareness for the physical health risks associated with poor menstrual hygiene amongst women worldwide, and the rising demand for personal hygiene products, such as diapers and wipes amongst the aged population, are some of the major factors anticipated to drive the growth of the spunbond nonwoven market. The personal hygiene products are usually made of the spunbond nonwoven fabric. The fabric is also used to manufacture surgical gowns, which are worn by healthcare professionals in a hospital or clinical setting. Such factors are therefore expected to drive the growth of the market in the coming years.
However, the issues regarding disposing of nonwoven personal care and hygiene products, along with the fluctuation in the price of raw materials are expected to operate as key restraint to the growth of global, China, and India spunbond nonwoven market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global, China, and India spunbond nonwoven market which includes company profiling of Avgol Ltd, Freudenberg SE, Ahlstrom-Munksjo Oyj, KIMBERLY-CLARK CORPORATION, PFNonwovens a.s., Toray Industries, Inc., Schouw & Co., Asahi Kasei Corporation, Mogul Co., Ltd., Mitsui Chemicals Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global, China, and India spunbond nonwoven market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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