High demand for Spun bond non-woven market due to rise in demand for goods using this as raw material, new customized launches with specialized enhanced properties, increasing strategic acquisitions, marketing techniques, favourable research funding scenarios and awareness among people are key factors contributing to high CAGR of Spun bond non-woven Market during forecast period.
The recent analysis of the Spun bond non-woven market suggests that the market is expected to grow at a CAGR of 7.8% and projected to hold a market value of USD 26.56 Billion by the end of the forecast frame in 2028. The Spun bond non-woven polymer is a thermoplastic fibre which is produced without using traditional methods of fabric making by laying the thermoplastic inputs into a series of continuous filaments. They possess properties like extreme flexibility, heat resistance and chemical resistance, softness, breathability and is also environment friendly. The growth of the Spun bond non-woven market is a resultant of its desirable properties which can be utilized in multiple arenas. The rise in disposable income and adoption of high standards of living has aided the market rapidly.
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Some of the dominant and influential players in the Spun Bond Non-Woven market are:
Schoenberg & Co.
Suez Recycling & Recovery Holdings
Clear Path Recycling
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Further Key Findings from the report:
The Spun bond non-woven market is fuelled by the growth of the personal and hygiene industries which utilize these materials due to its qualities like flexibility, absorbability etc. it accounts to almost 54% of the market share
After polypropylene as a material, polyesters are also widely demanded due to its sturdiness and durability, mostly in the automotive sectors, agriculture and medicine.
Strategic acquisitions have led to gains in the aforesaid market. For example, in 2020 Fibertex acquired a Brazilian firm DUCI. This helped the firm to capture the untapped opportunities in the South American market which hold a mere 5% of the market share.
Europe is a swift growing market mostly being the headquarters to top players in the market coupled with high disposable income and awareness among people.
Korea and Japan account for the large market share of Asia Pacific in the given market about 5 to 6 top Spun bond non-woven market players are located
The second largest application with a high CAGR is the medical industry. It holds this high amount because of the materials desirable properties like non-toxicity, non-reactivity and ease disposability
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