iCrowd Newswire
23 Jan 2022, 15:02 GMT+10
According to the report, the global nonwoven fabrics industry generated $38.3 billion in 2020, and is anticipated to generate $68.1 billion by 2030, witnessing a CAGR of 6.0% from 2021 to 2030.
Prime determinants of growth
Increased demand for nonwovens in healthcare industry, growing demand for nonwoven fabrics in textile industry, demand for lightweight and fuel-efficient transportation vehicles drive the growth of the global nonwoven fabrics market. However, availability issues associated with raw materials and volatility in raw material prices hinder the market growth. On the other hand, proliferation of new technologies presents new opportunities in the coming years.
Download Free PDF Sample Report (Including COVID-19 effect Analysis) @ https://www.alliedmarketresearch.com/request-sample/14288
Covid-19 Scenario
The durables segment to maintain its leadership status throughout the forecast period
Based on function, the durables segment held the highest market share in 2020, accounting for more than half of the global nonwoven fabrics market, and is estimated to maintain its leadership status throughout the forecast period. Moreover, the same segment is projected to manifest the highest CAGR of 6.5% from 2021 to 2030. Increasing construction spending in emerging markets such as Brazil, China, and India have led to the demand for geotextiles in roads and buildings which in turn is expected to drive the demand for nonwovens in durable applications. The report also mentions disposables segment.
Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/14288
The hygiene segment to maintain its lead position during the forecast period
Based on application, the hygiene segment accounted for the largest share in 2020, contributing to nearly three-fifths of the global nonwoven fabrics market, and is projected to maintain its lead position during the forecast period. This is because of growing consumption of nonwovens fabrics as an alternative to traditional textiles in hygiene products due to their excellent absorption properties, softness, smoothness, strength, comfort & fit, stretch ability, and cost-effectiveness. Moreover, the building & construction segment is expected to portray the largest CAGR of 7.1% from 2021 to 2030, owing to rise in construction spending in emerging markets such as Brazil, China, and India.
Asia-Pacific, followed by Europe & North America to maintain its dominance by 2030
Based on region, Asia-Pacific, followed by Europe & North America held the highest market share in terms of revenue 2020, accounting for around two-fifths of the global nonwoven fabrics market. Moreover, the same region is expected to witness the fastest CAGR of 6.6% from 2021 to 2030, owing to factors such as improving global economy, expanding working population, rising domestic demand for hygiene products. The report also includes North America, LAMEA, and Europe.
Leading Market Players:-
Interested in Procuring This Report? Visit Here: https://www.alliedmarketresearch.com/nonwoven-fabrics-market/purchase-options
About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Tags: Nonwoven Fabrics Market Growth, Nonwoven Fabrics Market, Nonwoven Fabrics Market Report, Nonwoven Fabrics, Nonwoven Fabrics Industry, Polypropylene, Polyethylene, Nonwoven Fabrics Market Share, Nonwoven Fabrics Market Size, Rayon, Nonwoven Fabrics Market Trend
See Campaign: https://www.alliedmarketresearch.com/nonwoven-fabrics-market-A13919Contact Information:Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.comTags:Menafn, Reportedtimes, canadatousd, PR-Wirein, Empirits, Healthfirsto, Dthai, lebc, Fexti, Research Newswire, English
Get a daily dose of Philadelphia Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Philadelphia Herald.
More InformationSYDNEY, NSW, Australia - The euro has jumped above 1.0700 in Asian trading Tuesday, but stocks have fallen sharply.The run ...
MILAN, Italy: Netflix and Italy have agreed to a $59 million settlement to to settle a four-year tax dispute, Milan ...
LONDON, England: British consumers continued to shop as normal last month, despite the highest inflation rate in 40 years, with ...
NEW YORK, New York - U.S. stocks rocketed higher Monday, a rally ignited by a weakening of the U.S. dollar ...
WASHINGTON D.C.: Following baby formula shortages throughout the United States, FDA Commissioner Robert Califf has said that Abbott Laboratories and ...
NEW DELHI, India: Skyroot, India's first privately held company to design, build and test a solid rocket propulsion system, successfully ...
TOKYO, Japan: China's efforts to develop areas in the East China Sea are "unacceptable," Japanese Prime Minister Fumio Kishida said ...
SAN FRANCISCO, California: In a letter released this week, the archbishop of San Francisco, Salvatore Cordileone, said U.S. House Speaker ...
BERLIN, Germany: At least 43 people were injured after a tornado struck the western German city of Paderborn on May ...
WASHINGTON D.C.: The Department of Justice has said that an American citizen and four Chinese intelligence officers have been charged ...
WASHINGTON D.C.: Due to the inability of businesses to hire enough workers, the U.S. has announced that it will grant ...
WASHINGTON D.C.: U.S. senators Elizabeth Warren and Mike Rounds have introduced a bipartisan resolution requesting the Federal Trade Commission (FTC) ...