According to a report by Grand View Research, Inc.; the global polypropylene (PP) nonwoven fabric market is affirmative in nature. It is anticipated to grow at a CAGR around 8.5% during the forecast period (2016 to 2025). Polypropylene polymers and fibers are the most common raw materials used in textile manufacturing. Superior quality of these raw materials over non-knitted textiles is anticipated to increase their importance and demand in the market. Some major industries like geotextile, automotive, and construction are using nonwoven polypropylene fabrics in end-user products.
Growing population and rising demand for disposable consumer products are the major factors driving the global market. Increasing cases of adult incontinence owing to old age can also augment the growth of this market in coming years. Rising demand for hygiene products such as baby diapers and sanitary products is building the future prospects for the market. Moreover, use of spunbonded polypropylene fabrics in the manufacturing of medical products such as protective apparels is likely to propel the global market over the forecast period.
Full Research Report On Polypropylene (PP) Nonwoven Fabric Market Analysis:
Observing the surging demand for polypropylene nonwoven fabric, most manufacturing companies are investing in collaborations and R&D. For Instance, a Japan based multinational corporation Toray, recently announced its future investment plans during a press conference in Seoul, South Korea. According to this announcement, the company is planning to invest one trillion won in South Korea through its local subsidiaries. In detail, the company is likely to invest 115 billion won (US$103 million) to produce polypropylene spunbond nonwoven fabric and 100 billion won (US$90 million) in its manufacturing plant producing polyphenylene sulfide (PPS) resins and compounds. By this huge investment, the company is aiming to increase its annual compound production capacity and PPS resin production capacity by 6600 tons and 18600 tons respectively.
Being a major petrochemical derivative, polypropylene is required by numerous end-use industries to manufacture multiple products. However, excess usage of the raw material can have negative impact on the environment. Polypropylene is a polymer plastic and burning these plastics can produce toxic fumes, which can pollute the environment. To control the effect, most manufacturing companies have diverted their focus to bio-based polypropylene, which can play as a huge opportunity for the key players in coming future.
However, inflexible regulations applied in petrochemical processing are a big challenge for the market. Owing to environmental concerns, the governments have set some stern regulations on the usage and production of polypropylene for it being a petrochemical derivative. Such tight regulations can hinder the growth of this market in near future. In addition, a frequent change in the prices of polypropylene fabrics can also act as an obstruction for market during the forecast period.
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The polypropylene (PP) nonwoven fabric market can be segregated on the basis of product, application, and region. Based on product, the market can be categorized into meltblown, spunbounded, staple, and composite. In 2016, spunbonded polypropylene fabric dominated the global market in terms of demand. It finds applications in manufacturing of medical products, feminine care products, and diapers. The segment is likely to grow at a remarkable CAGR of 9% over the forecast period. Based on application, the market can be divided into, medical, geotextiles, ygiene, industrial furnishings, agriculture, and carpet. Increasing disposable income and demand for high quality cushions can propel the growth of furnishings segment in the future.
Furthermore, regional segmentation includes America, Europe, Middle East, and Asia Pacific. In the global arena, Asia Pacific is likely to dominate the market during the forecast period owing to increasing disposable income. In addition, surging demand for various hygiene products such as sanitary and baby diapers in India and China can also support the growth of the market in this region. On the other hand, Middle East is anticipated to be the most appealing market for polypropylene non-knitted textile during the forecast period. Whereas, Western Europe and North America are the matured markets that are expected to witness relatively lower growth rates in forthcoming years.
Some of the key companies operating in the market include Fiberweb, Kimberly-Clark, PGI, AVGOL, Mitsui, and Toray.
Access Full Press Release Of This Report By Grand View Research: http://www.grandviewresearch.com/press-release/lobal-pp-nonwoven-fabric-market
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