Global Staples PP non-woven fabric market to grow at 7.7% to 2020

24-Jan-15

Hygiene was the largest application segment and accounted for 37.5% of the total market volume in 2013. Increasing geriatric population base, particularly in the U.S., Japan, and Western Europe will remain a key driver for this segment. High birth rates in North African countries and Middle East, coupled with increasing baby diaper usage in Southeast Asian countries are also expected to have a positive impact on the segment growth. Medical is expected to witness the highest growth rate of 7.7% from 2014 to 2020, as per Grand View Research. Presence of sophisticated healthcare system in developed economies like the U.S. and Europe coupled with increasing healthcare expenditure in South American and Asian countries is expected to drive this segment. Global staples PP Non-woven fabric demand was 1,949.2 kilotons in 2013 and is expected to reach 3,103.9 kilotons by 2020, growing at a CAGR of 6.9% from 2014 to 2020. Asia Pacific emerged as the largest regional staples PP Non-woven fabric market and accounted for over 40% of the total market volume in 2013. Growing baby diapers demand in India and China coupled with increasing investment from companies such as Kimberly-Clark in these countries is expected to remain a key driving factor for the regional market. Middle East is expected to witness significant growth in demand for staples PP Non-woven fabrics. The region is expected to grow at an estimated CAGR of 9.4% from 2014 to 2020. Global staples PP Non-woven fabric market is dominated with top multinational corporations. The market has witnessed frequent M&A activities in the recent past. Major companies adopt this strategy in order to reduce competition and gain market share. Some of the major companies operating in the global market include Fibertex, Kimberly-Clark, First Quality, Toray Industries, Mitsui, Fiberweb and Polymer Group Inc.