By 2025, the market for spunbond nonwovens will be worth $23.8 billion.

The report “Spunbond Nonwovens Market by Function (Disposable & Durable), By Material Type (Polypropylene, Polyethylene, Polyester), End-Use (Personal Care & Hygiene, Medical, Agriculture, Packaging, Automotive), and Region – Global Forecast to 2025″, is projected to grow from USD 18.7 billion in 2020 to USD 23.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.0% during the forecast period. Growing preference for spunbond nonwovens in comparison to other nonwovens, increasing use in the medical sector, and high demand for polypropylene spunbond nonwovens are the key factors driving the growth of the spunbond nonwovens market.

Some of the prominent key players are:

·      Schouw & Co. (Denmark)

·      Mitsui Chemicals, Inc. (Japan)

·      Johns Manville Corporation (US)

·      Fitesa S.A. (US)

·      RadiciGroup SpA (Italy)

Opportunities: Investments in developing countries of Asia Pacific

The developing countries in Asia Pacific such as China, India, and Southeast Asian countries are attracting global players to set up their manufacturing base in this region. In countries such as China and India, the customer base is pulling the manufacturers to fulfill the increasing demand for advanced technologies and quality products. The increased investments across various technological, infrastructural, and R&D sectors have enabled the spunbond nonwoven manufacturers to supply high-quality products to these end-users and capitalize on the increasing demand in the region. These markets are also propelled by economic growth and subsequent increase in demand from end-use industries.

Disposable is expected to be the fastest-growing function segment of the spunbond nonwovens market.

Based on function, the disposable segment is projected to grow at the highest CAGR from 2020 to 2025. Disposable spunbond nonwovens are widely used by various end-use industries, major ones being personal care & hygiene, and medical. There is a high demand for disposable spunbond nonwovens in these segments as it is an affordable alternative to traditional textiles and can be disposed of after each use.

Asia Pacific is expected to be the fastest-growing regional segment in the spunbond nonwovens market.

The spunbond nonwovens market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. China, India, Japan, and South Korea are the key countries contributing to the high demand for spunbond nonwovens in the Asia Pacific region. Availability of cheap labor and raw materials has resulted in making Asia Pacific a preferred region for expansion by the various leading manufacturers across the globe. This makes the region to be the fastest-growing spunbond nonwovens market.