Analysis Of The Global Non-woven Market In 2023
With the economic growth, people's demand for non-woven fabrics continues to increase, and China's non-woven fabric production has also developed rapidly. Especially in recent years, non-woven equipment and production capacity, which are mainly spunbond, spunlace and hot air, have grown rapidly.
According to forecasts, the annual output of non-woven fabrics will still maintain a growth rate of 6%-10% in the next five years, and the annual output of non-woven fabrics will exceed 6.8 million tons. However, many non-woven manufacturing entrepreneurs lament that market demand has not been able to grow at the same pace as capacity, and overcapacity has led to price competition and equipment shutdowns. With the upgrading of equipment and the improvement of research and development capabilities, non-woven fabric enterprises should produce more high-quality, high-standard and high-grade products, and should also look to the world and open up a broader market to further the non-woven industry. development of.
Below I will provide some data analysis for some major non-woven fabric markets, hoping to contribute to the decision-making of enterprise development.
Smithers Pira's latest market research report analyzes that the global spunbond nonwovens market is estimated to be worth $12.7 billion in 2018. It is expected to reach $18.3 billion by 2023 and a compound annual growth rate of 7.6% from 2018 to 2023. Compared with other non-woven fabrics, spunbonded nonwovens are becoming more and more popular, and their use in the medical field is also growing. The high demand for polypropylene spunbonded nonwovens is a key factor driving the growth of this market. The high cost of the final product may affect the pricing structure of the intermediate industry, and the stagnant growth of the baby diaper segment in the mature market has also become a key constraint for the growth of spunbond nonwovens in the Western market.
In 2018, disposable products accounted for a large share of the spunbond nonwovens market. Polypropylene is still the largest proportion of materials in the market of spunbond nonwovens. One of the main advantages of polypropylene compared to other raw materials is its economy and yield, which makes it a preferred material, especially for disposables. Products such as adult incontinence products, baby diapers and sanitary napkins. This large share of the market is largely attributable to the cost-effectiveness of the material and the key functional characteristics that make it the material of choice. At the same time, many companies are conducting extensive research and development to improve the biodegradability of disposable spunbond nonwovens, such as polylactic acid spunbond nonwovens, which are known for their biodegradability and biocompatibility. attention.
The Asia Pacific region is expected to lead the growth of the global spunbond nonwovens market, which is driven by the increase in disposable income and the growth in disposable product consumption. Forecasts indicate that the market for spunbond nonwovens in the Asia-Pacific region will grow at a very high compound annual growth rate from 2018 to 2023, mainly due to spunbond from countries such as China, Japan, India and South Korea. High demand for non-woven fabrics.
In 2019, global demand for spunlace nonwovens is expected to reach 1.38 million tons, or 31.1 billion square meters, worth $6.2 billion. Spunlaced non-woven fabrics have faced high demand for wiping products and technological innovations. In the past few years, high growth and high profit margins have emerged. This trend will continue until 2024, but it will also face overcapacity. New challenges.
According to in-depth research from Smithers Pira, in 2024, continued demand will drive the global annual growth rate of spunlace nonwovens consumption to 7.9%, 2.01 million tons. Future profitability will also depend on the ongoing development of existing spunlace processes and the implementation of new production technologies to meet end-user and market requirements.
The wet-laid nonwovens produced using wet-laid or DRC processes have a global consumption of 460,900 tons in 2018, equivalent to 11.3 billion square meters and $1.3 billion. By 2023, the annual growth rate of tonnage will reach 5.0%, the annual growth rate of square meters consumption will be 5.4%, and the annual growth rate of consumption will be 5.6%. With the increase in value per ton and per square meter - the growth of special products with more "high value", such as battery partitions and wall coverings, has emerged.
In general, the demand for non-woven fabrics is still growing, but the requirements for product performance and innovative applications are also increasing. Enterprises must increase their equipment investment and production capacity while also being closer to market demand. And the growth point, the layout of the global market, in order to avoid falling into the dilemma of overcapacity.