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Global nonwovens market to reach USD 45.36 billion by 2019
Transparency Market Research has released a new market report, which observes that the revenue generated by nonwoven materials and products market was USD 28,783.8 million in 2012 and is expected to reach USD 45,363.7 million by 2019, growing at a CAGR of 6.7% from 2013 to 2019.
The global demand for nonwoven materials and products was 8,176.3 kilo tons in 2012.
The rising global demand for medical disposable supplies is expected to be the major driver for the growing consumption of nonwoven materials and products. Nonwoven materials and products market is expected to grow at a CAGR of 5.9% from 2013 to 2019.
The global nonwoven materials and products market was dominated by the Asia Pacific region, which accounted for 40.4% of global volume consumption in 2012. Growth of the nonwoven materials and products market in Asia Pacific is mainly driven by the increasing demand from the medical agriculture industry in countries such as China and India.
Asia Pacific was followed by Europe with 22.4% share in total volume consumption. The market saturation and product maturation in the North American and European region has led the major market players to focus on the immensely attractive Asia Pacific market.
The key players in the nonwoven materials and products market are Freudenberg SE, Ahlstrom Incorporation, Du Pont, Kimberly-Clark Corporation, Polymer Group Incorporation and Asahi Kasei Corporation amongst others.
The report, titled 'Nonwoven Materials & Products (Polypropylene, Polyester, Nylon and Others) Market For Disposable and Durable Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019, is available at:
30th January 2014