Between 2013 and 2018, the global nonwovens market will experience projected annual growth rates of 7.6% (tonnage), 7.5% ($) and 8.2% (m2) according to a new market report by Smithers Pira.
Experts at Smithers Pira have assembled a comprehensive summary of the global nonwovens sector, offering a rare insight into the industry’s methods and applications. This in-depth report covers both the historical market from 2008 to 2013 and future projections to 2018, broken down by raw material consumption and geography.
Nonwovens are divided into two major categories: disposable and durable nonwovens. Disposable nonwovens are defined as single use or short life use product, including hygiene, wipes, medical and other disposables. Durable nonwovens cover many diverse end uses, including work and hazardous environment garments, interlinings, shoe inserts and synthetic leather goods.
According to the report, disposable nonwovens surpassed durables in value growth between 2008 and 2013, increasing from $9.1 billion to $12.5 billion, resulting in an annual growth rate of 6.7%. Within the same timeframe, durable nonwovens grew from $15.3 billion to $20.6 billion tonnes, at an annual growth rate of 6.1%.
This trend is expected to continue over the next five years until 2018, when disposable nonwovens will exhibit a 7.7% growth rate, increasing from $12.5 billion to $18.3 billion, while their durable counterparts will increase at 7.4%, with sales growing from $20.6 billion to $29.5 billion. For the total period (2008 - 2018), annual growth rates for disposable nonwovens project at 7.2% while durable nonwovens project at 6.7%.
The global nonwovens industry can be further analysed by production process technology, such as drylaid, spunlaid, airlaid and wetlaid, as well as bonding technologies such as needlepunched or spunlace. According to The Future of Global Nonwovens to 2018, spunlaid is projected to grow at the highest rate of all processes, with consumption projected to reach 5.8 million tonnes by 2018.
In terms of geography, the study reports that in 2013 Asia is the global leader, with a market share of 40.8% and consumption of 3.2 million tonnes - up from 2.0 million tonnes in 2008. Asia will continue to grow both tonnage and market share between 2013 and 2018, with market share reaching 47.5% by 2018. Europe maintains its second position in 2013, with a 25.2% market share and tonnage at 2.0 billion. Europe will see some gradual improvement as the recession ends, reaching 2.5 million tonnes in 2018.
According to the report, North America remains in third place with a market share of 24.1% in 2013, and consumption of 1.9 million tonnes. As the American economy strengthens, North America will enjoy increased growth, reaching 2.5 million tonnes, according to Smithers Pira.
The Future of Global Nonwovens to 2018 is available to purchase online and receive immediately here for £3950.
To find out more about the report and how your company can benefit from a global usage licence, please contact: Brian Santos (US) +1 207-781-9618 or Stephen Hill (UK) : +44 (0) 1372 802025