Global Non-woven Fabrics market to grow at a CAGR of 6.97% uptil 2019

17-Feb-15

The Global Non-woven Fabrics market to grow at a CAGR of 6.97% over the period 2014-2019, as per ResearchandMarkets. Increased usage in construction industry is one of the major trends being witnessed in the market. Non-woven fabrics are widely used in the Construction sector for applications such as house wraps and roofing materials, and as geotextiles. Infrastructural and construction spending is on the rise in developing countries owing to economic growth and growing populations. According to the report, the global demand for non-woven fabrics is increasing because of growing demand for medical disposable supplies from the Medical sector. Increased demand for personal hygiene products owing to a rise in public awareness along with the growing population and increased incidence of medical conditions are factors propelling the demand for disposable medical supplies. Non-woven fabrics are sheets or webbed structures that are bonded together by chemical, thermal, or mechanical processes. They are not formed by knitting or weaving. Based on type, PP non-woven fabrics can be divided into four segments: Spunbond, Staple, Meltblown, and Composite. They are used for various applications in the Hygiene, Construction, Geotextile, Filtration, and Automotive, and Others sectors. The report states that volatile raw material prices are one of the major challenges that the market faces. Since non-woven fabric feedstock is derived from crude oil, any rise in crude oil prices increases the cost of production and reduces the profit margins of the manufacturers of non-woven fabrics. Price is a major determining factor for many end-users in the Global Non-woven Fabrics market.