Global PP Nonwovens Will Exceed US $30 Billion In Market Value.
well-known
market
Research Institute Grand View ResearchInc recently released a report that the global demand for PP nonwoven market will grow at a rate of 7.8% over the next 2014-2020 years.
Its market value is expected to exceed US $30 billion to US $30 billion 610 million in 2020.
The report points out that non-woven fabrics are processed by special technology under the combined action of adhesive, high temperature, high pressure and other external forces, and have strong absorbability, ductility, softness and flame retardancy.
In terms of raw materials category, PP has become the raw material of the global Nonwovens Market in recent years.
In the next 6 years, baby diapers, adult urine and women's sanitary napkins will continue to be the main driving force for the prosperity of the market.
In addition, the growing demand for PP non textile durable goods in the Asia Pacific and Middle East countries is expected to further boost its market trend.
With this
meanwhile
Market analysts say that the constant fluctuation of PP prices will restrict the steady development of the PP nonwoven industry in the future.
Moreover, the increasing regulation of these substances in various regions, especially in Europe and the United States, will also have some constraints on its speed of development.
Data show that demand for global PP nonwovens in 2013 was 5 million 553 thousand tons, and this figure is expected to increase to 997.8 tons in 2020.
terminal
In the field of application, the hygiene products industry is the largest application market of PP non woven fabrics in the world in 2013.
It controls 50.7% of its market share.
However, GrandViewResearch believes that with the rapid development of durable consumer goods industry in developing countries, the market share of PP textiles will decrease in the next few years.
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