Global non-woven fabric market analysis and market forecast in 2023

Update:22 Apr 2021

With the economic growth, people's demand for non-woven […]

With the economic growth, people's demand for non-woven fabrics continues to increase, and my country's non-woven fabric production has also developed rapidly. Especially in recent years, non-woven equipment and production capacity based on spunbond, spunlace and hot air processes have grown rapidly.
According to forecasts, in the next two years, the annual output of non-woven fabrics will still maintain a growth rate of 6%-10%, and the annual output of non-woven fabrics will exceed 6.8 million tons by 2023. However, many non-woven fabric manufacturing entrepreneurs lament that market demand has not been able to keep pace with production capacity, and overcapacity has led to price competition and equipment shutdowns. With the upgrading of equipment and the improvement of research and development capabilities, non-woven fabric enterprises should not only produce more high-quality, high-standard, high-end products, but also look at the world, open up a broader market, and make the non-woven fabric industry go further. development of.
Non-woven fabric market forecast in five years

According to the analysis of the current market research report, the global spunbond non-woven fabric market is estimated to be worth US$12.7 billion in 2018 and is expected to reach US$18.3 billion by 2023, with a compound annual growth rate of 7.6% from 2018 to 2023. Compared with other non-woven fabrics, spunbond non-woven fabrics are becoming more and more popular, and their use in the medical field is also increasing. The high demand for polypropylene spunbond non-woven fabrics is a key factor driving the growth of this market. The high cost of the final product may affect the pricing structure of the intermediate industry, and the stagnant growth of baby diapers in mature markets has also become a key constraint on the growth of spunbond nonwovens in the Western market.

In 2018, disposable products accounted for a larger share of the spunbond non-woven fabric market. Polypropylene is still the largest material ratio in the spunbond nonwoven market. Compared with other raw materials, one of the main advantages of polypropylene is its economy and output, which makes it the preferred material, especially for disposables. Products such as adult incontinence products, baby diapers and sanitary napkins. The acquisition of most of this market share is mainly due to the cost-effectiveness of the material and the key functional characteristics that make it the material of choice. At the same time, many companies are conducting extensive research and development to improve the biodegradability of disposable spunbond nonwoven products. For example, polylactic acid spunbond nonwovens have been widely used due to their known biodegradability and biocompatibility. attention.
Non-woven market analysis
The Asia-Pacific region is expected to lead the growth of the global spunbond non-woven fabric market. The growth of the Asia-Pacific spunbond non-woven fabric market is mainly driven by the increase in disposable income and the increase in consumption of disposable products. Forecasts indicate that the spunbond nonwovens market in the Asia-Pacific region will grow at a very high compound annual growth rate from 2018 to 2023. This growth is mainly due to the High demand for non-woven fabrics.

In 2019, the global demand for spunlace nonwovens is expected to reach 1.38 million tons, or 31.1 billion square meters, worth US$6.2 billion. Spunlace non-woven fabrics have seen high growth and high profit margins in the face of new application requirements for wiping products and technological innovations. This trend will continue until 2024, but it will also face overcapacity. New challenges.

According to in-depth research, in 2024, continuous demand will promote the compound annual growth rate of global spunlace non-woven fabric consumption to 7.9%, 2.01 million tons. Future profitability will also depend on the continuous development of existing spunlace processes and the implementation of new production technologies to meet the requirements of end users and the market.

The global consumption of wet-laid non-woven fabrics produced by the two processes of wet-laid or DRC was 460,900 tons in 2018, which is equivalent to 11.3 billion square meters and 1.3 billion US dollars. By 2023, the annual growth rate of tonnage will reach 5.0%, the annual growth rate of square meter consumption will be 5.4%, and the annual growth rate of consumption amount will be 5.6%. With the increase in value per ton and per square meter-the growth of more "high-value" special products, such as battery separators and wall coverings.

In general, the market demand for non-woven fabrics is still growing, but the requirements for product performance and innovative applications are also constantly improving. While increasing equipment investment and production capacity, companies must also be closer to market needs. Only by focusing on growth points and deploying the global market can we avoid the dilemma of overcapacity.

contact us