Spunbond Nonwovens Market worth $18.3 billion by 2023 | Key Players include Schouw & Co., Mitsui Chemicals, Inc., Johns Manville Corporation, Fitesa S.A., RadiciGroup SpA, Avgol Nonwovens, Kimberly-Clark Corporation, Berry Plastics Group, Inc., Toray Indu

According to recent market research "Spunbond Nonwovens Market by Function (Disposable & Durable), Material Type (Polypropylene, Polyethylene, Polyester), End Use (Personal Care & Hygiene, Medical, Agriculture, Packaging, Automotive) and Region - Global Forecast to 2023", The spunbond nonwovens market is projected to grow from USD 12.7 billion in 2018 to USD 18.3 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period.

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Growing preference for spunbond nonwovens in comparison to other nonwovens, growing use in the medical sector, and high demand of polypropylene spunbond nonwovens are the key factors driving the growth of the spunbond nonwovens market.

The spunbond nonwovens market is estimated to be valued at USD 12.7 billion in 2018 and is projected to reach USD 18.3 billion by 2023, at a CAGR of 7.6% from 2018 to 2023. Growing consumption of geotextiles, growing investments in spunbond nonwovens market in emerging countries of Asia Pacific, and rising standards of living are the key opportunities for the spunbond nonwovens market.

Spunbond nonwovens are fabric-like material that are made from long fibers, and are bonded together by hot-press. These fabrics are flat, porous sheets which are made directly from separate fibers or from molten plastics or plastic films. They are not made by weaving or knitting and do not require converting the fibers to yarn. The spunbond process is considered to be the fastest manufacturing method for nonwoven fabrics. It is also more economical than other manufacturing methods such as needle punching staple fibers.

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The spunbond nonwovens market is projected to grow from USD 12.7 billion in 2018 to USD 18.3 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period. The growth of the spunbond nonwovens market can be attributed to the increased adoption of adult incontinence products and diapers in the emerging markets coupled with the demand from medical industries. Another factor driving the market is the high demand for polypropylene spunbond nonwovens.

Key players in the spunbond nonwovens market include Schouw & Co. (Denmark), Mitsui Chemicals, Inc. (Japan), Johns Manville Corporation (US), Fitesa S.A. (Brazil), RadiciGroup SpA (Italy), Avgol Nonwovens (Israel), Kimberly-Clark Corporation (US), Berry Plastics Group, Inc. (US), Toray Industries, Inc. (Japan), Asahi Kasei Corporation (Japan), Pegas Nonwovens SA (Luxembourg), Kuraray Co., Ltd. (Japan), Kolon Industries, Inc. (South Korea), E. I. du Pont de Nemours and Company (US), and Mogul (Turkey). Key market players have focused on the adoption of new product launches, investments, and expansions to cater to the demand for spunbond nonwovens across various applications for various end-use industries. In June 2017, Asahi Kasei decided to expand its PP spundbond facility in Thailand by 20,000 tons per year, resulting in the facility’s total capacity to be 60,000 tons per year. This expansion was done due to the growing demand for PP spunbond in the country. The company is planning to invest USD 45 million for the construction of new production lines.

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In May 2017, Toray Industries installed a prototype equipment to develop higher value spunbond fabrics in Japan. The company installed this equipment at its Shiga Plant (Japan) and started its operation by November 2017. Toray will utilize this not only to develop specialty spunbond fabrics for hygiene application such as disposable diapers, but also to improve the overall productivity in group-wide efforts and expand its initiatives targeting the high value-added market of polypropylene spunbonded fabrics.

In December 2016, Fibertex Personal Care, a subsidiary of Schouw & Co., built a new factory at Nilai, Malaysia. This was the company’s eighth production line and fifth in Malaysia. This development increased the company’s total output capacity in the country by around 20% while also enhancing its presence in the Asia Pacific region. This development enabled the company to facilitate the production of super-soft products, a product category in very high demand in Asian markets.

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