Global Polypropylene Absorbent Hygiene Market 2018-2022
About Polypropylene Absorbent Hygiene
Polypropylene absorbent hygiene is a product that is manufactured from a nonwoven fabric of polypropylene as a main raw material, which is not knitted.
Technavio’s analysts forecast the global polypropylene absorbent hygiene market to grow at a CAGR of 7.95% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global polypropylene absorbent hygiene market for 2018-2022. To calculate the market size, the report considers the revenue generated from the polypropylene absorbent hygiene.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Polypropylene Absorbent Hygiene Market 2018-2022
Technavio recognizes the following companies as the key players in the global polypropylene absorbent hygiene market: Asahi Kasei Corporation, DowDuPont, KCWW, Mitsui Chemicals, and TORAY INDUSTRIES
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increasing awareness toward baby diapers. Polypropylene absorbent hygiene is mostly used in baby diapers products. Thus, any increase in demand for baby diapers products results in increased consumption of polypropylene absorbent hygiene products. It is expected that the global market for baby diapers will grow at a CAGR of 8.52% during the forecast period.”
According to the report, one of the major drivers for this market is Growing demand for hygiene products. Most polypropylene nonwoven fabric produced is consumed for hygiene application. This hygiene application includes product for babies, adults, and feminine hygiene. The demand for such products is growing in the market, and it is expected that this growing demand will be continued during the forecast period.
Further, the report states that one of the major factors hindering the growth of this market is Volatile petrochemical prices. Propylene and ethylene are two main classes of petrochemical raw materials coming out of refineries. The prices of crude oil, propylene, and ethylene are inter-dependent. Crude oil prices across the globe fluctuate according to the varying market demand. Fluctuations in oil prices affect the price of propylene. Propylene is mainly produced by steam cracking and catalytic reforming processes. It is used as a monomer in the production of polypropylene. Thus, any change in the crude oil or petrochemical prices directly affect the price of polypropylene and thus affect the supply-demand of polypropylene absorbent hygiene products.
Asahi Kasei Corporation, DowDuPont, KCWW, Mitsui Chemicals, and TORAY INDUSTRIES
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