Worldwide Polypropylene
(PP) Nonwoven Fabric Market strategic
research study offers company accounts, industry investors, and industry
members with consequential insights to enable them to make reliable strategic
decisions regarding the opportunities in the global market.
Polypropylene (PP) Nonwoven
Fabric Market research report offers detail overview of industry with all the
requisite data to support tactical business decisions and come up with
strategic growth plans. This study also proposes a comprehensive insight into
the development policies and plans in addition to manufacturing processes and
cost structures.
KEY BENEFITS
1. Polypropylene (PP) Nonwoven Fabric market
analysis based on current industry scenario and expected future trends to
enable stakeholders take strategic decisions.
2. Analysis of the factors impacting the Polypropylene
(PP) Nonwoven Fabric market to understand business opportunities.
3. Identification of key investment pockets
for various applications, type and geographies.
4. Identification of the Polypropylene (PP)
Nonwoven Fabric market top key players and their strategic moves.
5. Evaluation of Polypropylene (PP) Nonwoven
Fabric market trends to provide deep-dive intelligence into every market
segment.
6. Competitive analysis to effectively plan
and execute a business plan.
7. Polypropylene (PP) Nonwoven Fabric market
micro-level analysis based on application, type and geography.
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The global polypropylene
(PP) nonwoven fabric market size was valued at USD 26.3 billion in 2015 and is
expected to reach USD 34.98 billion by 2025, at a CAGR of 8.5%. The market is
projected to witness significant growth over the forecast period owing to
rising importance and acceptance from end-user industries such as automotive,
aviation, geotextile and construction. Furthermore, rising use of the PP
nonwoven fabrics for fabricating baby clothes coupled with increasing
utilization for manufacturing adult incontinence products is anticipated to
propel the market growth over the next eight years. In addition, the market is
projected to witness uprising demand from medical industry as well as from
feminine care industry due to the favorable fabric quality, thus enabling the
market to report augmented growth over the forecast period. However, growing
stringent regulation imposed on manufactures due to rising environmental
concerns coupled with increasing fluctuation in the raw material prices has
enabled the market to witness hindered growth over the next eight years.
The market is segmented by
product into spun bonded, staples, composite, and meltdown. Spun bonded PP
nonwoven fabric segment is expected to account for more than 50% market share
over the forecast period owing to its application from adult diapers, medical
products and personal care products. On the other hand, staples nonwoven fabric
segment is anticipated to witness fastest growth over the next eight years
primarily due to its application from automotive, agricultural and construction
industries.
The PP (Polypropylene)
nonwoven fabric market is highly competitive owing to the presence of several
domestic and international suppliers. However, the sector has the presence of
various new players, who face difficulty in competing with other major
companies in terms of functionalities, features, quality, and services. Over
the forecast period, the growing new product development activities coupled
with increasing adoption of new technologies for achieving operational
efficiency has enabled the competition to become more aggressive. On a
contrary, few major players through continuous R&D endeavors coupled with
growing expertise knowledge in the industry have enabled them to witness
competitive edge, thus propelling the overall growth of the sector over the
next eight years.
North America and Europe
are anticipated to witness major market share over the forecast period owing to
the growing applications in end-user entities including automotive, aviation,
personal care, medical, and geotextile. Particularly, the UK, Germany, Italy,
France and the US are projected to account for growth in the region primarily
due to rising rapid technological advancements used for producing superior
quality finished materials, thus enabling the regions to anticipate augmented
demand by 2024.
Key players of the market
include Fibertex, AVGOL, Kimberly-Clark, Fiberweb, and First Quality. Few other
companies in the sector are PGI, Toray, and Mitsui. The PP nonwoven fabric
industry is highly consolidated having more than 40% market share by top five
players. The major large players generally tend to collaborate with smaller
companies to increase market share and competitive advantage. These market
players through continuous R&D endeavors focuses on building a wide
distribution network that supports the overall coupling market to report
significant growth over the forecast period. Companies through strategic
expansions and mergers & acquisitions have been trying to cater large
volume of customers with products that are cost-effective and high quality.
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