Global Polypropylene Industry 2014 to 2020 – Market Estimate
The global PP (Polypropylene) nonwoven fabric market is expected to reach USD 30.61 billion by 2020, according to a new study by Grand View Research Inc. Growing demand for baby diapers, adult incontinence and feminine disposable products is expected to remain a key driving factor for the global market over the next six years. In addition, increasing market penetration of PP nonwoven fabric for durable applications, mainly in Asia Pacific and Middle East countries, is also expected to have a positive impact on demand over the forecast period.
However, volatility in polypropylene prices on account of constant fluctuations in crude oil prices is expected to remain a key challenge for the industry. Moreover, stringent regulatory scenario, mainly in Europe and the U.S. is also expected to restrain market growth over the next six years.
The report “PP (Polypropylene) Nonwoven Fabric Market Analysis And Segment Forecasts To 2020,” is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/polypropylene-nonwoven-fabric-market
Further Key findings from the study suggest:
• Global market for PP nonwoven fabric was 5,553.6 kilo tons in 2013 and is expected to reach 9,978.2 kilo tons by 2020, growing at a CAGR of 7.8% from 2014 to 2020.
• Spunbonded PP nonwoven fabric emerged as the leading product segment and accounted for 47.4% of total market volume in 2013. In addition to being the largest consumed product, spunbonded fabric is also expected to be the fastest growing segment, at an estimated CAGR of 8.3% from 2014 to 2020. On the other hand, staple PP nonwoven fabric is expected to grow at an estimated CAGR of 6.9% from 2014 to 2020.
• Hygiene emerged as the leading application segment for PP nonwoven fabric and accounted for 50.7% of total market volume consumed in 2013. However, owing to increasing market penetration in durable application segments, hygiene is expected to lose
However, volatility in polypropylene prices on account of constant fluctuations in crude oil prices is expected to remain a key challenge for the industry. Moreover, stringent regulatory scenario, mainly in Europe and the U.S. is also expected to restrain market growth over the next six years.
The report “PP (Polypropylene) Nonwoven Fabric Market Analysis And Segment Forecasts To 2020,” is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/polypropylene-nonwoven-fabric-market
Further Key findings from the study suggest:
• Global market for PP nonwoven fabric was 5,553.6 kilo tons in 2013 and is expected to reach 9,978.2 kilo tons by 2020, growing at a CAGR of 7.8% from 2014 to 2020.
• Spunbonded PP nonwoven fabric emerged as the leading product segment and accounted for 47.4% of total market volume in 2013. In addition to being the largest consumed product, spunbonded fabric is also expected to be the fastest growing segment, at an estimated CAGR of 8.3% from 2014 to 2020. On the other hand, staple PP nonwoven fabric is expected to grow at an estimated CAGR of 6.9% from 2014 to 2020.
• Hygiene emerged as the leading application segment for PP nonwoven fabric and accounted for 50.7% of total market volume consumed in 2013. However, owing to increasing market penetration in durable application segments, hygiene is expected to lose