Aug. 10, 2021
With the growth of the economy, the demand for nonwoven fabrics is increasing, and there is a rapid development of nonwoven production in China. Especially in 2020, the outbreak of the epidemic made people's demand for masks soar, until today people on the streets are wearing masks. According to the forecast, the annual production of nonwoven fabrics will still maintain the growth rate in the next few years.
Back in 2018 Smithers Pira's latest market research report analyzed that the global spunbond nonwoven market is estimated to be worth USD 12.7 billion and is expected to reach USD 18.3 billion by 2023. Driven by the new crown pneumonia epidemic, the growth of nonwoven fabrics is bound to exceed previous expectations. In addition to the medical demand brought about by this epidemic, areas where the demand for nonwoven fabrics is growing relatively fast include, sanitary napkins, baby diapers, adult incontinence products and other cleaning and wiping products.
According to an in-depth study from Smithers Pira, sustained demand will drive global consumption of spunlace nonwovens at a CAGR of 7.9 percent or more through 2024. Future profitability will also depend on the evolving existing hydroentanglement process and the implementation of new production technologies to meet the requirements of end users and the market.
In terms of consumption structure, the largest application area of nonwovens in China is medical and health care. The market for sanitary napkins and baby diapers is very broad, with annual demand in the hundreds of thousands of tons, and with the opening of the third child, demand is surging. Medical treatment is gradually developed, and China's aging population is serious, non-woven fabrics for medical and health care is also a rapid growth trend.
Overall, the market demand for non-woven fabrics is still growing, but the performance of the product, as well as the innovative application requirements are also increasing, enterprises in the increase in equipment investment and production capacity, but also to be closer to the market demand and growth points, the layout of the global market, in order to avoid falling into the dilemma of overcapacity. Contact WEIJIA to find high quality nonwoven fabrics.