Global Polypropylene Nonwoven Fabric Market 2018-2022
About Polypropylene Nonwoven Fabric
Polypropylene nonwoven fabrics are fabrics manufactured by aligning various webs in multiple patterns with polypropylene as a main raw material. They are not woven or knitted.
Technavio’s analysts forecast the global polypropylene nonwoven fabric market to grow at a CAGR of 7.54% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global polypropylene nonwoven fabric market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Polypropylene Nonwoven Fabric Market 2018-2022
Technavio recognizes the following companies as the key players in the global polypropylene nonwoven fabric market: Asahi Kasei Corporation, DowDuPont, KCWW, Mitsui Chemicals, and TORAY INDUSTRIES.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emergence of bio-based polypropylene. Bio-based polypropylene has entered the market recently. However, it has market potential. As the environmental concerns associated with the production and use of fossil fuel-derived polypropylene is growing, there has been a prompt demand for a replacement for synthetic polypropylene. This has given an opportunity for the development of bio-based polypropylene.”
According to the report, one driver in the market is increased consumption of hygiene products. A majority of polypropylene nonwoven fabric produced is consumed in hygiene end-user application. This application segment includes products for babies, adults, and feminine hygiene. The demand for such products has increased in the past few years and is expected to grow further during the forecast period.
Further, the report states that one challenge in the market is volatile petrochemical prices. Propylene and ethylene are two main classes of petrochemical raw materials rendered from refineries. The prices of crude oil, propylene, and ethylene are inter-dependent. Crude oil prices across the globe fluctuate as per the supply-demand disparity.
Asahi Kasei Corporation, DowDuPont, KCWW, Mitsui Chemicals, and TORAY INDUSTRIES.