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Non-Woven Fabric Market Analysis and Size
The growing focus on reducing hospital acquired infections (HAIs) is expected to cause the market for medical nonwoven to grow quickly over the projected period. As per the estimates, approximately 1.7 million HAIs and 99,000 fatalities are reported in the US annually by the Centers for Disease Control and Prevention (CDC). HAIs are currently the sixth leading cause of death in acute care hospitals in the US. On the other side, surgical nonwoven products are fantastic at reducing the risk of HAIs. As a result, medical nonwoven was introduced to the market as a result of all these variables.
Global non-woven fabric market was valued at USD 43.51 million in 2021 and is expected to reach USD 77.20 million by 2029, registering a CAGR of 7.43% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Major Players in Non-Woven Fabric markets are:
Ahlstrom-Munksjo (Finland), Berry Global Inc. (U.S.), Glatfelter Corporation (U.S.), DuPont (U.S.), Lydall Inc. (U.S.), Fitesa S.A. (Brazil), TWE GmbH & Co. KG (Germany), Freudenberg Group (Germany), PFNonwovens Holding s.r.o. (Czech Republic), KRATON CORPORATION (U.S.), Owens & Minor (U.S.), PFNonwovens a.s (Czech Republic), Freudenberg SE (Germany), Dynarex Corporation (U.S.), Suominen Corporation (Finland), Fibertex Nonwovens A/S (Denmark), KCWW (U.S.), Abena A/S (Denmark), Asahi Kasei Corporation (Japan)
Global Non-Woven Fabric Market Segmentation:
The non-woven fabric market is segmented on the basis of technology, material, layer, function and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Nonwoven fabrics are increasingly used in medical applications as more affordable goods are becoming available in hospitals with limited budgets. Hospitals frequently employ items like disposable and reusable surgical gowns, drapes, gloves, and instrument coverings. Nonwoven medical items, such as disposable patient gowns, drapes, and linens, are encouraged by a number of government initiatives to limit HAIs (Hospital Acquired Infections). These products assist stop the spread of HAIs, which is the major reason for its increased demand within the healthcare sector.
The nonwoven fabric industry is largely estimated to have accelerate growth due to the high demand for the spunbond sector. The increased demand for these spunbond nonwovens across numerous applications in hygiene products, construction, coating substrates, agriculture, battery separators, wipes, and filtration is what has given the category its dominant market position. One of the most popular processes for producing nonwoven fabrics in larger quantities is spunbond.
Furthermore, the growing healthcare sector in the emerging markets coupled with the increase in the geriatric population in the western countries will further propel the growth rate of non-woven fabric market. Additionally, the rise in birth rate will also drive market value growth. Additionally, the upsurge in disposable income coupled with the increasing expenditure on healthcare infrastructure and services also heighten the market’s overall growth.
Furthermore, numerous product developments such as the creation of smart nonwoven fabrics and blast-resistant curtains further offer lucrative opportunities to the market players in the forecast period of 2022 to 2029. The building, construction, and automobile industries use these fabrics because they expand under strain, dampening shockwaves and capturing flying debris. Global market expansion is projected to be further fueled by technological developments in manufacturing technologies and an increase in research and developmental activities for the creation of eco-friendly fabrics.
Additionally, the proliferation of new technologies will further expand the future growth of the non-woven fabric market. The textile business has experienced rapid expansion in the majority of its product categories, particularly nonwoven fabrics, as a result of technological advancements. It is anticipated that new technologies would lower production costs, making the production of nonwoven textiles financially viable. New opportunities for nonwoven manufacturers are being created by the use of nanofiber and high-performance material technologies as alternatives to conventional membranes.
Higher raw material costs only slightly hamper the global nonwoven textiles market expansion. Changes in consumer demand, high oil costs, and patterns of international commerce all have an impact on the market. Despite the oil market’s inherent volatility, prices for polypropylene may not rise or fall over the medium term from their current levels. Due to the rising cost of inputs for intermediary goods as a result of the rising price of oil, either the price will be passed on to customers or margins would be reduced. These fluctuations have a negative impact on the overall cost of the product.
One of the most crucial elements that directly affects the market for finished goods is the accessibility of raw resources. More than 80% of the basic material fibers used in nonwoven fabrics are synthetic. While some raw material fibers, like polyester and cotton, are widely accessible and reasonably priced, others, such as aramids, glass fibers, and high tenacity yarns, are more expensive and harder to get. This factor will challenge the non-woven fabric market growth rate.
Some Points from Table of Content:
Market Overview: It includes six chapters, research scope, major manufacturers covered, market segments by type, Non-Woven Fabric market segments by application, study objectives, and years considered.
Market Landscape: Here, the competition in the Worldwide Non-Woven Fabric Market is analyzed, by price, revenue, sales, and market share by company, market rate, competitive situations Landscape, and latest trends, merger, expansion, acquisition, and market shares of top companies.
Profiles of Manufacturers: Here, leading players of the global Non-Woven Fabric market are studied based on sales area, key products, gross margin, revenue, price, and production.
Market Status and Outlook by Region: In this section, the report discusses about gross margin, sales, revenue, production, market share, CAGR, and market size by region. Here, the global Non-Woven Fabric Market is deeply analyzed on the basis of regions and countries such as North America, Europe, China, India, Japan, and the MEA.
Application or End User: This section of the research study shows how different end-user/application segments contribute to the global Non-Woven Fabric Market.
Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.
Research Findings and Conclusion: This is one of the last sections of the report where the findings of the analysts and the conclusion of the research study are provided.
TOC of This Report @https://www.databridgemarketresearch.com/toc/?dbmr=global-non-woven-fabric-market
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