QY Research has publicized the release of a fresh new report carrying the title “Global Nonwoven Composites Market Research Report 2018.” In this report, the authors have provided a complete research study on the global nonwoven composites market while focusing on market attractiveness, value chain analysis, and competitive dynamics. The global nonwoven composites market is projected to grow at a 4.17% CAGR during the forecast period 2017-2025. By the end of the assessment year, it could collect revenue worth an over US$ 11.0 Bn, increasing from a US$ 7,987 Mn earned in 2017.
On the basis of volume, the global nonwoven composites market is foreseen to rise at a 4.72% CAGR to touch a 3,360 K MT by the end of 2025. In 2017, the global nonwoven composites market reached a 2,323 K MT.
Global Nonwoven Composites Market: Drivers
Increasing number of applications of nonwoven composites is expected to set the tone for valuable growth of the global market. High-performance nonwoven composites find important application in biomedical devices, wound care, and filtration due to their ease of fabrication. Use of eco-friendly and cost-effective techniques to fabricate nonwoven composites could further increase the demand in the market.
Owing to their unequaled mechanical and lightweight properties, nonwoven fabrics composites are foreseen to become highly popular as a wood or metal substitute. Nonwoven fabrics reinforced composites are said to be one of the fastest-growing materials in the textile industry. Replacement of old nonwoven fabrics by nonwoven composites materials due to modern nonwoven innovation is projected to create opportunities in the market.
Global Nonwoven Composites Market: Forecast by Application and Type
By application, the global nonwoven composites market is segmented into automotive, filtration, geotextile, construction, hygiene, and others. Among these, hygiene is mainly driving the growth of the global nonwoven composites market with its rising demand. It secures close to a 59.77% of the total downstream consumption in the global nonwoven composites market.
By type, the global nonwoven composites market is categorized into staples, spunbonded, meltblown, and others.
The report covers all of these segments with deep insights into their market growth, revenue, market share, pricing, and other important factors.
Global Nonwoven Composites Market: Forecast by Region
Geographically, the global nonwoven composites market is envisioned to benefit from the strong demand in North America and China. In terms of production, China led the global nonwoven composites market in 2017 as it collected a share of 36.05%. North America closely followed the country in the same year, accounting for a production share of 23.96% of the global nonwoven composites market.
The report has also studied other key regions and countries, viz. India, Southeast Asia, Japan, and Europe.
Global Nonwoven Composites Market: Key Players
The global nonwoven composites market marks the presence of leading manufacturers such as Glatfelter, Fitesa, Johns Manville, DuPont, Ahlstrom-Munksjo, Kimberly-Clark, Freudenberg, and AVINTIV. Among several players operating in the global nonwoven composites market, AVINTIV is the world leader. In 2017, it held a production share of 10.13% of the global nonwoven composites market.
Apart from the aforementioned companies, the report profiles other prominent ones operating in the global nonwoven composites market.
Full Report Overview@https://www.qyresearch.com/index/detail/101498/global-nonwoven-composites-market