8/11/2019 Global PP Non-Woven Market

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Global PP Non-woven Market

The global PP (Polypropylene) nonwoven fabric market is expected to reach US$30.61billion by 2020, according to a new study by Grand View Research Inc. The growing demand

for baby diapers, adult incontinence and feminine disposable products is expected to remain akey driving factor for the global market over the next six years. In addition, increasing market

penetration of PP nonwoven fabric for durable applications, mainly in Asia Pacific andMiddle East countries, is also expected to have a positive impact on demand over the forecast

period. However, volatility in polypropylene prices on account of constant fluctuations incrude oil prices is expected to remain a key challenge for the industry. Moreover, stringentregulatory scenario, mainly in Europe and the U.S. is also expected to restrain market growthover the next six years.

Further Key findings from the study suggest:

*Global market for PP nonwoven fabric was 5,553.6 kilotons in 2013 and is expected toreach 9,978.2 kilo tons by 2020, growing at a CAGR of 7.8% from 2014 to 2020.

*Spunbonded PP nonwoven fabric emerged as the leading product segment and accounted for47.4% of total market volume in 2013. In addition to being the largest consumed product,spunbonded fabric is also expected to be the fastest growing segment, at an estimated CAGRof 8.3% from 2014 to 2020. On the other hand, the staple PP nonwoven fabric is expected togrow at an estimated CAGR of 6.9% from 2014 to 2020.

*Hygiene emerged as the leading application segment for PP nonwoven fabric and accountedfor 50.7% of total market volume consumed in 2013. However, owing to increasing market

penetration in durable application segments, hygiene is expected to lose out some volumeshare over the next six years. Global demand for PP nonwoven fabric from medical industryis expected to grow at an estimated CAGR of 8.8% from 2014 to 2020.

*Asia Pacific dominated the global market and accounted for 40.6% of total market volumein 2013 and is estimated to grow at a CAGR of 8.5% from 2014 to 2020. Middle East isexpected to be the fastest growing regional market for PP nonwoven fabric, at an estimatedCAGR of 10.3% from 2014 to 2020. North American demand for PP nonwoven fabric isexpected to reach US$6.91 bln by 2020.

*The global PP nonwoven fabric industry is fragmented with top five participants accountingfor over 40% of the global market in 2013. Leading companies have been involved infrequent M&A activities in order to increase their market presence. Some of the majorindustry participants include AVGOL, Fibertex, Fiberweb, Kimberly-Clark, PGI, FirstQuality, Mitsui and Toray among others.