The global nonwoven fabrics market was valued at USD 39,500 million is expected to grow at 5.6% CAGR during the forecast study period.
Market Overview
Nonwoven fabric is a material made from staple fibers and long fibers, bound together by chemicals, mechanics, heat, or solvent treatment.The growing application base in the healthcare and personal care field, together with increased demand from the automotive industry, is anticipated to push the analyzed market.
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Favorable Global Dynamics to Boost the Growth of Nonwoven Textiles Industry
Although the fertility rate is decreasing at a slower pace in several regions worldwide, the population of children in Asia-Pacific is estimated to increase in the coming decades, as per data provided by the UN Population Division. This would be mainly attributed to China's one-child policy and rising birth rates in South East Asian countries. The rising infant population in developing countries with per capita GDP over USD 1,000 is expected to raise the region's demand for disposable diapers. Developing markets such as Indonesia, the Philippines, and Vietnam are projected to be the fastest-growing markets with comparatively low penetration of disposable slides and high birth rates.
While the Chinese production of nonwoven fabrics is high, per capita consumption in the country is much lower than that of developed regions. The rising demand for infant diapers is increasing the region's market for spun-bond propylene nonwoven fabric. In developed areas, the aging population's demographic trend is expected to fuel demand for adult incontinence products. According to data from the United Nations, regions with high GDP per capita, such as North America, Japan, and Europe, are experiencing decreasing fertility rates.
- Regions
- North America
- Europe
- Asia-Pacific
- Central and South America and the Caribbean
- The Middle-East and Africa
