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According to forecasts, the annual outputof non-woven fabrics will still maintain a growth rate of 6%-10% in the nextfive years, and the annual output of non-woven fabrics will exceed 6.8 milliontons. However, many non-woven manufacturing entrepreneurs lament that marketdemand has not been able to grow at the same pace as capacity, and overcapacityhas led to price competition and equipment shutdowns. With the upgrading ofequipment and the improvement of research and development capabilities,non-woven fabric enterprises should produce more high-quality, high-standardand high-grade products, and should also look to the world and open up abroader market to further the non-woven industry. development of.
Below I will provide some data analysis forsome major non-woven fabric(Non Woven Spunbond Polypropylene Supplier)markets, hoping to contribute to thedecision-making of enterprise development.
Smithers Pira's latest market researchreport analyzes that the global spunbond nonwovens(Non Woven Polypropylene Fabric Wholesale) market is estimated to beworth $12.7 billion in 2018. It is expected to reach $18.3 billion by 2023 anda compound annual growth rate of 7.6% from 2018 to 2023. Compared with othernon-woven fabrics, spunbonded nonwovens are becoming more and more popular, andtheir use in the medical field is also growing. The high demand forpolypropylene spunbonded nonwovens is a key factor driving the growth of thismarket. The high cost of the final product may affect the pricing structure ofthe intermediate industry, and the stagnant growth of the baby diaper segmentin the mature market has also become a key constraint for the growth ofspunbond nonwovens in the Western market.
In 2018, disposable products accounted fora large share of the spunbond nonwovens market. Polypropylene is still thelargest proportion of materials in the market of spunbond nonwovens. One of themain advantages of polypropylene compared to other raw materials is its economyand yield, which makes it a preferred material, especially for disposables.Products such as adult incontinence products, baby diapers and sanitarynapkins. This large share of the market is largely attributable to thecost-effectiveness of the material and the key functional characteristics thatmake it the material of choice. At the same time, many companies are conducting extensive research and development to improve the biodegradability ofdisposable spunbond nonwovens, such as polylactic acid spunbond nonwovens,which are known for their biodegradability and biocompatibility. attention.
The Asia Pacific region is expected to leadthe growth of the global spunbond nonwovens(Embossed Non-Woven Fabric Factory) market, which is driven by theincrease in disposable income and the growth in disposable product consumption.Forecasts indicate that the market for spunbond nonwovens in the Asia-Pacificregion will grow at a very high compound annual growth rate from 2018 to 2023,mainly due to spunbond from countries such as China, Japan, India and SouthKorea. High demand for non-woven fabrics.
In 2019, global demand for spunlacenonwovens is expected to reach 1.38 million tons, or 31.1 billion squaremeters, worth $6.2 billion. Spunlaced non-woven fabrics have faced high demandfor wiping products and technological innovations. In the past few years, highgrowth and high profit margins have emerged. This trend will continue until2024, but it will also face overcapacity. New challenges.
According to in-depth research fromSmithers Pira, in 2024, continued demand will drive the global annual growthrate of spunlace nonwovens consumption to 7.9%, 2.01 million tons. Futureprofitability will also depend on the ongoing development of existing spunlaceprocesses and the implementation of new production technologies to meetend-user and market requirements.
The wet-laid nonwovens produced usingwet-laid or DRC processes have a global consumption of 460,900 tons in 2018,equivalent to 11.3 billion square meters and $1.3 billion. By 2023, the annualgrowth rate of tonnage will reach 5.0%, the annual growth rate of square metersconsumption will be 5.4%, and the annual growth rate of consumption will be5.6%. With the increase in value per ton and per square meter - the growth ofspecial products with more "high value", such as battery partitionsand wall coverings, has emerged.
In general, the demand for non-wovenfabrics is still growing, but the requirements for product performance andinnovative applications are also increasing. Enterprises must increase theirequipment investment and production capacity while also being closer to marketdemand. And the growth point, the layout of the global market, in order toavoid falling into the dilemma of overcapacity.