In a recent published report, Kenneth Research has updated the market report for U.S. Non-Woven Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for U.S. Non-Woven Market products.
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U.S. non-woven market was valued at USD 5.38 billion by 2017, growing with 3.4% CAGR during the forecast period, 2018-2025
The U.S. non-woven market is driven by its associated benefits compared to alternatives such as plastic, paper, and conventional cloth. Nonwovens benefit from their versatility, as they are available in a wide range of possible formulations and performance characteristics. Furthermore, continuing penetration of nonwovens into markets such as battery separators, geotextiles and motor vehicles augment the market growth in future. This product also finds significant use in many markets featuring low cyclicality, such as diapers, furnace filters, and disposable medical products. Lastly, ongoing development of more advanced and value-added nonwovens products by key players will support the industry growth significantly over the forecast period. Nonwovens technologies continue to advance to meet the requirements of their various applications. For example, materials made with nanofibers benefit the filtration and acoustics markets, providing more surface area and retention of particles and sound waves.
In terms of products, the market is categorized as;
Carded, Wetlaid & Airlaid
Among these, Spunmelt nonwovens, including spunbonded and meltblown, are expected to account for highest revenue share. spunmelt products comprise of both mid-priced and high-value products. Growing popularity of using meltblown and spunbond webs in producing composite nonwovens, as in spunbond-meltblown-spunbond (SMS) support the segment growth.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
In terms of applications, the market is categorized as;
Electrical & Electronics
Nonwovens used in construction include materials used in building construction, such as roofing materials and house wrap, as well as geotextiles. This application segment accounted for significant revenue share in 2017. Healthy growth in building and nonbuilding construction activities coupled with continued market penetration for nonwovens in both building construction and geotextile applications establishes healthy platform for segment growth.
Key Vendors Takeaway
Of these, Berry Global, Kimberly-Clark, and DowDuPont captured highest revenue share collectively. Acquisitions and mergers among major nonwovens suppliers will continue to change the competitive landscape and signal significant growth opportunities. Backward integration into fiber production and forward integration into end-use product markets play important roles in achieving low cost leadership.
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The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year – 2014 & 2016
Base Year – 2017
Estimated Year – 2018
Projected Year – 2025
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY TYPES
Carded, Wetlaid & Airlaid
MARKET, BY APPLICATION
Electrical & Electronics
About Kenneth Research
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