Views:2 Author:Site Editor Publish Time: 2019-08-14 Origin:Site
Global spunbond nonwovens market is projected to grow by US$ 7.4 billion, guided by a compounded growth of 7.5% by 2025, according to the latest report published by Research and Markets. Poised to reach over US$ 12.7 billion by the year 2025, disposables will bring in healthy gains adding significant momentum to global growth.
The report titled Spunbond Nonwoven - Market Analysis, Trends, and Forecasts provides the latest scoop on all major market segments. Disposables, one of the segments analysed and sized in this study, displays the potential to grow at over 7.7%. “The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market,” the company explains.
While global megatrends sweeping through the market influence the primary direction of growth, regional markets are swayed by more granular locally unique business drivers, the report suggests. Representing the developed world, the US will maintain a 6.4% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$ 292 million to the region's size and clout in the next five to six years.
Over US$ 639.9 million worth of projected demand in the region will come from other emerging Eastern European markets. In Japan, disposables will reach a market size of US$ 734.6 million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 10.8% over the next couple of years and add around US$ 2 billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
Competitors identified in this market include among others, Advance Nonwoven Vietnam (ANVIET) (Vietnam); Advanced Fabrics (SAAF) (Saudi Arabia); Asahi Kasei Corporation (Japan); Bayteks Tekstil (Turkey); Berry Plastics Corporation (USA); DowDuPont (USA); Fiberweb (India); Fitesa (Brazil); Gulsan Holding (Turkey); Hydroweb (Germany); Johns Manville Corporation (USA); Kimberly-Clark Corporation (USA); Kolon Industries (Korea); Kt Exports (India); Kuraray (Japan); Mada Nonwovens Company (Saudi Arabia); Mitsui Chemicals (Japan); Mogul (Turkey); Radici Group (Italy); Sunshine Nonwoven Fabric (China); Toray Industries (Japan); Ultra Nonwoven (India); and Umzamo Nonwovens (South Africa).