Global Spunbond Market is projected to register a healthy CAGR of 11.8% in the forecast period of 2019 to 2026. The new market report contains data for historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026
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Drivers: Global Spunbond Market
- Increasing demand for spunbond in hygiene products, automobile, drives the growth of the market
- High demand of nylon spunbond in adventure sports equipment's
Restraints:
- Lack of awareness of spunbond technology in the developing nations
- Increasing usage of spunlace process restricts the growth of the market
Opportunity:
- Increased usage of nylon in geotextile
CHALLENGE:
- High cost of raw material affects the finished product
Market Trends:
Global spunbond market is segmented into three notable segments which are type, nylon raw material and application.
- On the basis of type, the market is segmented into fine denier PET and nylon. In 2019, nylon segment is expected to dominate the market with the largest market share because the fibers made of nylon material provide exceptional softness and therefore are used in many applications.
- On the basis of nylon raw material, the market is segmented into adipic acid and caprolactam.
- On the basis of application, the market is segmented into automotive, filtration, rubber belting/hoses, rubber transfer molding, embroidery/apparel, composites, carpet/rugs, agriculture, electrical & electronics, textile, home furnishing, tapes/adhesives and others. In 2019, automotive segment is expected to dominate the market with the largest market share because all the spunbond products are used in almost all the applications such as automotive, filtration and textile among others.
Key Market Players: Global Spunbond Market
Some of the major players operating in this market are DuPont, Asahi Kasei Corporation, Mogul Co., Ltd., Yaolong Spun bonded Nonwoven Technology Co., Ltd, Quanzhou Golden Nonwoven Co.,ltd., TORAY INDUSTRIES, INC., HuahaoNonwovens Co.,Ltd., Berry Global Inc., Radici Partecipazioni SpA, Kolon Industries, Inc., APEX Nonwovens, SHINKONG SYNTHETIC FIBERS CORP, Wenzhou Superteng Nonwoven Technology Co., Ltd, CEREX ADVANCED FABRICS, INC., Hadtex among others.