The spunbond nonwovens market is projected to grow from USD 12.7 billion in 2018 to USD 18.3 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period.
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The growth of the spunbond nonwovens market can be attributed to the increased consumption of spunbond nonwovens due to the growing population and demand for spunbond nonwovens from hygiene and medical segments.
♦ Leading Key Players Covered –
Schouw & Co. (Denmark), Mitsui Chemicals, Inc. (Japan), Johns Manville Corporation (US), Fitesa S.A. (Brazil), RadiciGroup SpA (Italy), Avgol Nonwovens (Israel), Kimberly-Clark Corporation (US), Berry Plastics Group, Inc. (US), Toray Industries, Inc. (Japan), Asahi Kasei Corporation (Japan), Pegas Nonwovens SA (Luxembourg), Kuraray Co., Ltd. (Japan), Kolon Industries, Inc. (South Korea), E. I. du Pont de Nemours and Company (US), and Mogul (Turkey). Total 25 major players covered.
♦ Recent Developments –
- In February 2018, Fibertex Nonwovens acquired Brazilian nonwoven manufacturer DUCI, headquartered in Sao Paulo, which, in turn, helped gain a solid foothold in the South American market. With this acquisition, the company can realize the synergy created, as the acquired company has a strong product portfolio. It also helps the company enhance its geographical presence.
- In May 2018, R2G Group, the owner of PF Nonwovens, acquired the operations of First Quality Nonwovens in the US and China. The production capacity of First Quality Nonwovens for spunbond nonwoven is 97000 tons in the US and 24000 tons in China. This strategic acquisition helped expand the presence of spunbond nonwoven business of PF Nonwovens in North America and Asia.
- In November 2016, Asahi Kasei expanded its PP spunbond facility in Thailand by 20,000 tons per year due to the growing demand of PP spunbond in the country. This increased the facility’s total capacity to 60,000 tons per year.
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Spunbond Nonwovens Market, By End Use
- Personal Care & Hygiene
- Medical
- Agriculture
- Packaging
- Automotive
- Others
- Geotextiles
- Filtration
- Construction
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