The "Spunbonded Polyester Nonwoven Market - Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
Spunbonded polyester nonwoven market size is forecast to reach $2162.70 million by 2025, after growing at a CAGR of 6.50% during 2020-2025, owing to the wide usage of spunbonded polyester nonwoven fabrics in various applications such as agricultural coverings, automotive upholstery, carpeting, hygiene products, roofing, wall coverings, and sterile medical products.
The demand for spunbonded polyester nonwoven is increasing in varied industries due to its extensive set of properties such as absorbency, retardancy, excellent thermal insulation, sterility, strength, softness, and liquid repellency. In addition, the spunbonded polyester nonwovens are comparatively quick and cheap to manufacture than the knitted fabrics, which is the major factor driving the growth of spunbonded polyester nonwoven market during the forecast period.
Key Takeaways
- Asia Pacific dominates the spunbonded polyester nonwoven market, owing to the increasing construction activities in the region due to various government initiatives such as "100 smart cities" and "One Belt, One Road" in the APAC region.
- The spunbonded polyester nonwoven market is witnessing an upsurge in its demand due to several advantages that it offers over the woven fabrics such as overlapping of yarns to create pores, better liquid repellence, high-tech fabrics, and more.
- Spunbonded polyester nonwovens are also being widely used in the transportation sector to reinforce tires as they extend the life of the tire, provide strength and durability, and are lightweight and cost-effective, which is boosting the demand of spunbonded polyester nonwoven from the automobile sector.
- Due to the COVID-19 pandemic, the growth of the healthcare industry is accelerating. The demand for packaging, wipes, and medical apparel is increasing due to which the spunbonded polyester nonwoven is also significantly increasing, which is boosting the spunbonded polyester nonwoven market growth.
Drivers - Spunbonded Polyester Nonwoven Market
- Increasing Demand of Spunbonded Polyester Nonwoven fabric from The Flourishing Automotive Sector
The demand of spunbonded polyester nonwoven fabrics in the automotive and transportation industries are increasing for manufacturing parts such as column padding, anti-rattle pads, battery separators, panel trims, upholstery backings, window frames, primary backings, secondary backings and trunk liners as they offer excellent properties such as moldability, flame retardancy, sterility acoustic insulation, absorbency filtration, liquid repellency, and bacterial barrier. According to OICA, the production of light commercial vehicles has increased by 10.2 % in 2018 in the APAC region.
- Growing Demand of Spunbonded Polyester Nonwoven for Various Applications
There is an increasing demand for spunbonded polyester nonwoven in the geotextile, medical, packaging, electronics, hygiene, and construction industries for greenhouse shading, artificial turf, pavement overlays, fuel cells, sterile packaging, swabs, cable wrap, roadway reinforcements, drainage, and erosion control applications. Spunbonded polyester nonwoven are extensively used to manufacture shopping bags, garbage bags, storage bag, products packaging bags as it is one of the best printing media. These bags are lightweight, sturdy, and cut down the number of plastic bags being used. In addition, polyester spunbonded nonwoven fabric is widely used as various kinds of packaging materials such as, desiccant packaging of silica-gel drier, carbon absorbents, and more owing to its good strength, anti-tear, anti-pull, and air permeability properties.
Challenges - Spunbonded Polyester Nonwoven Market
- High Cost of Raw Materials Because of Volatility in Crude Oil Prices
The raw materials often used for manufacturing spunbonded nonwoven fabrics such as polypropylene, polyester, and polyamides are derived from crude oil. So, the price fluctuation of crude oil hinders with the price of spunbonded polyester nonwoven materials. According to, BP Statistical Review of World Energy, In the recent year there is been an increase in the price volatility of crude oil, such as the crude oil price decreased from $98.95 in 2014 to $52.39 in 2015 and increased from $43.73 in 2016 to $71.31 in 2018. And because of this uncertainty in crude oil prices, the price of spunbonded polyester nonwoven fiber also increases. Thus, the volatility in crude oil prices is expected to be a significant challenge for the spunbonded polyester nonwoven market manufacturers during the forecast period.
- Covid-19 Impact on The Spunbonded Polyester Nonwoven Market
The COVID-19 pandemic outbreak has impacted the imports and exports of spunbonded polyester nonwoven as governments of the leading producing countries have imposed export restrictions which are significantly disrupting the supplies. Moreover, the COVID-19 pandemic is having a huge impact on the automotive industry. The production of automobiles has been disruptively stopped, contributing to a major loss in the total automotive sectors. Thus, with the decrease in automotive production, the demand for spunbonded polyester nonwoven has significantly fallen in the automobile sector, which is having a major impact on the spunbonded polyester nonwoven materials market.
Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Spunbonded polyester nonwoven market. In 2019, the market of Spunbonded polyester nonwoven has been consolidated by the top five players accounting for 30% of the share. Major players in the Spunbonded polyester nonwoven market are Toray Industries, Ahlstrom-Munksjo Oyj, Toyobo Co. Ltd., Kolon Industries Inc., Asahi Kasai Corporation, Avintiv Inc., Johns Manville, FITESA S.A., Freudenberg Group, and Others.
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