Non-woven fabric is a new generation of environmentally friendly materials. The global non–woven fabrics market is expected to reach the market value of around US$ 77 bn by 2027 and is anticipated to grow at a CAGR of around 7% in terms of revenue during the forecast period 2020 to 2027. The rapidly growing textile industry is the major factor that drives the global non-woven fabrics market.
The significant growth of textiles market is due to major shifts in changing lifestyles and convenience across the globe. The rapidly growing textile industry is the major factor that drives the global non-woven fabrics market. The significant growth of textiles market is due to major shifts in changing lifestyles and convenience across the globe. Furthermore, the increase in disposable income of developing countries is the key driver to boom the non-woven fabric market. Due to mass production of non-woven fabrics it has lower initial cost compared to knit fabrics and woven.
The global Automotive Nonwoven Fabrics market size is projected to reach US 14060 million by 2026, from US 10480 million in 2020, at a CAGR of 5.0% during 2021-2026.
Recent Developments
- In May 2018, Kimberly Clark Corporation has approved US$ 30 Mn for expanding the non-woven manufacturing plant in North Carolina. In this plant they produce non-woven materials for Kimberly-Clark’s North American adult and feminine care brands.
- In June 2018, DuPont has expanded Tyvek Nonwoven’s capacity, with over US$ 400 Mn of investment
- In January 2019, Johns Manville (JM) and a Berkshire Hathaway Company have announced that they have invested to expand the capacity in Defiance, Ohio, manufacturing facility.
- Domtar informed North American and European customers that its fluff pulp list price would increase $160/ton, effective May 1, 2021 until further notice. However, in paper grade bleached softwood kraft (BSK) the firm left its May price flat, Fastmarkets RISI has learned.
