#Market Analysis & Forecasts
Worldwide non-woven fabric industry to 2026 - Increasing applications in the healthcare market is driving growth
The non-woven fabric market was valued at USD 43,883 million in 2020 and the market is expected to register a CAGR of more than 6% during the forecast period (2021-2026).
Companies Mentioned
• Ahlstrom-Munksj
• Autotech Nonwovens Pvt Ltd
• Berry Global Inc.
• Cygnus Group
• DuPont
• Eximius Incorporation
• Fitesa
• Freudenberg Performance Materials
• Glatfelter
• Global Nonwovens
• Johns Manville
• KCWW (Kimberly-Clark Corporation)
• Paramount Tech Fab Industries
• PFNonwovens Czech SRO
• Suominen Corporation
• TORAY INDUSTRIES, INC.
• TWE Group
Key Market Trends
Increasing Demand from the Healthcare Industry
• Nonwoven fabric is used to make various products in the healthcare industry, such as surgical gowns, aprons, drapes, face mask components, and wound dressings. They are also used in hygiene products, such as sanitary towels, sanitary napkins, tampons, baby diapers, and napkin liners.
• The demand for new and better-performing products is propelling the nonwoven industry. There is a significant demand for nonwoven fabric from the healthcare industry. Increasing surgeries and the construction of new medical facilities are the primary driving forces for this market.
• Additionally, owing to the COVID-19 outbreak, there has been astronomical increase in the demand for nonwoven face masks to prevent the spreading of the virus. This has resulted in an increase in demand for nonwoven fabrics across the world, at an exponential rate.
• Asia-Pacific is expected to witness a significant increase in hygiene products, over the forecast period, due to the increasing adoption of female hygiene products in countries like India and China.
Asia-Pacific to Dominate the Market
• Asia-Pacific is expected to be the largest consumer, globally, owing to the commissioning of additional capacities, as well as an increase in the production of non-woven fabric in the region.
• In terms of consumption and production of non-woven fabric, China held the largest share, globally.
• The textile industry in China is booming, with increasing investments and government support from the 13th Five Year Plan. Textile and apparel makers in the country are going through painful industrial restructuring. While the country, with enormous production capacity, is still the world's largest clothing exporter, oversupply at home, high labor costs, and rising global protectionism have all eroded its competitiveness.
• The Chinese government is planning Xinjiang as the hotbed for the textile and apparel manufacturing and has invested USD 8 billion. China's northwest region is expected to become the country's largest textile production base by 2030.
• As the construction industry is dominated by state-owned and private enterprises, increased government and private spending, in this regard, is pushing the industry to the peak position in the world. The housing authorities of Hong Kong have launched several measures to push-start the construction of low-cost housing in the country.
• Moreover, healthcare has become one of India's largest sectors. The country's health care spending as a percentage of GDP is growing rapidly, owing to the government's focus on improving healthcare recently. India is also one of the famous destinations of medical tourism owing to its cheap and quality healthcare, and it is also experiencing high growth.
• All the aforementioned factors, in turn, projected to increase market at high rates in Asia-Pacific region, owing to the rapid growth of end-user industries.
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https://www.researchandmarkets.com/r/8bfock
