PP Nonwoven Fabrics Market from furniture applications to witness maximum gains over 2016-2024, Germany to prominently drive the regional landscape
Increasing requirement of superior and hygienic fabric for various medical applications will stimulate PP nonwoven fabrics market over the years ahead. Subject to its superior properties, this product is mainly used to manufacture baby diapers. The product’s strength is a principal factor that leads to its application across the automotive sector, thereby favorably influencing PP nonwoven fabrics industry share. The rising proliferation of technology and the enforcement of regulatory norms across various countries will fuel the product demand. According to Global Market Insights, Inc., “Worldwide PP Nonwoven Fabrics Market having had a revenue of USD 18 billion in 2015, will collect a revenue of USD 40.2 billion by 2024 with an estimated consumption of 13 million tons.”
Europe PP Nonwoven Fabrics Market size, by Product, 2015 & 2024 (USD Million)
Germany PP nonwoven fabrics market size is forecast to exceed a valuation of more than 650 kilo tons by 2024. The growth can be attributed to shifting trends toward the usage of hygienic products. In addition, the industry giants across Europe have been looking out for innovative technological developments and upgradation, owing to the deployment of technology related norms across this region. PP nonwoven fabrics market share from the hygiene sector will collect a revenue of USD 18 billion by 2024, as the product is primarily used to manufacture baby diapers, feminine disposables, incontinence, and wipes. Surging requirement of incontinence products across the U.S. pertaining to the rapidly growing geriatric population will also influence PP nonwoven fabrics industry.
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Speaking along similar lines, U.S. PP nonwoven fabrics industry will surpass a revenue collection of USD 7.5 billion by 2024. Escalating use of the product for various applications such as automotive, construction, and geotextiles will augment the industry growth. In addition to this, consumers across this region are giving preference to hygienic products, which will stimulate product demand notably. The ever-rising elderly population is another prominent factor boosting PP nonwoven fabrics market size. Taking into account the product strength and durability, staples have been gaining popularity across the sectors such as automotive, geotextile, and construction. PP nonwoven fabrics market share from staples will register a CAGR of more than 7% over the period of 2016 to 2024.
Increasing spending capability along with shifting trends toward the adoption of hygienic products such as baby diapers and wipes will propel China PP nonwoven fabrics market, which will surpass a revenue collection of USD 6 billion by 2024. The noteworthy participants in PP nonwoven fabrics market are AVGOL, Kimberly-Clark, Polymer Group, Fibertex Nonwovens, Mitsui & Co., Toray, First Quality, SABIC, and PEGAS.
The industry players across the regions such as Europe, U.S. and China are investing heavily into healthcare sector to manufacture the products such as gowns, drapes, bed linen, masks, surgical caps, under pads, ostomy liners, gloves, incubator mattress, and shrouds. Such a widespread range of product usage will influence the medical application segment, which will generate a volume of more than 2 million tons by 2024.
Spunbonded products dominated the product segment of PP nonwoven fabrics market in 2015 by accounting for 50% of the market share and will collect a revenue of more than USD 19 billion by 2024. Spunbonded based products are cost effective due to the simple and economical manufacturing process as compared to other products. The product finds applications across various sectors such as automotive, furnishing, and medical.
Market players have been focusing on strategic partnerships to improve their product portfolio as well as to expand their global presence. These strategies are likely to bring about a plethora of opportunities for industry giants to sustain their position in global PP nonwoven fabrics market.
Author Name : Sunil Hebbalkar