Spunbond Nonwovens Market Global Industry worth $18.3 billion by 2023

The Spunbond Nonwovens Market Global Industry is estimated to be valued at USD 12.7 billion in 2018 and is projected to reach USD 18.3 billion by 2023, at a CAGR of 7.6% from 2018 to 2023.

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Growing consumption of geotextiles, growing investments in spunbond nonwovens market in emerging countries of Asia Pacific, and rising standards of living are the key opportunities for the spunbond nonwovens market.

Spunbond nonwovens are fabric-like material that are made from long fibers, and are bonded together by hot-press. These fabrics are flat, porous sheets which are made directly from separate fibers or from molten plastics or plastic films. They are not made by weaving or knitting and do not require converting the fibers to yarn. The spunbond process is considered to be the fastest manufacturing method for nonwoven fabrics. It is also more economical than other manufacturing methods such as needle punching staple fibers.

On the basis of function, the disposable segment is projected to grow at the highest CAGR from 2018 to 2023. Increasing awareness regarding the benefits of disposable spunbond nonwovens has resulted in a high demand for the same. One of the key factors driving the growth of the disposable spunbond nonwovens segment is the increase in the demand for disposable household and industrial products.

Among material types, the polypropylene segment is projected to grow at the highest CAGR from 2018 to 2023. Polypropylene is comparatively cheaper to other raw materials and it provides the highest yield, which is required by the end users of spunbond nonwovens.

Based on end use, the personal care & hygiene segment of the spunbond nonwovens market is projected to grow at the highest CAGR during the forecast period. The structural characteristics of spunbond nonwovens help keep the skin of the wearer dry and comfortable. Hence, the personal care & hygiene end-use segment is the largest consumer of spunbond nonwovens globally.

Asia Pacific, North America, and Europe are the major regional markets for spunbond nonwovens. Growing demand from the personal care & hygiene sector has resulted in a high demand for spunbond nonwovens. Rising disposable income has resulted in the increasing demand for disposable diapers, feminine hygiene items, and wipes, thus, driving the regional market. Various leading players have been carrying out strategic expansion activities in the region to meet the growing demand from various end users.