PET Spunbond Nonwoven Market 2022 Size, Growth Insights, Developments, Emerging Technologies, Share, Key Players, Trends, Regional Outlook And Global Industry Forecast To 2027

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PET Spunbond Nonwoven Market - Share, Growth, Key
Manufacturers, Regions and Forecast By 2027
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Global Market Scenario of Electronic Ceramics
Industry
PET Spunbond Nonwoven Market is projected to
reach USD 6.9 billion by 2027. PET is a
recyclable material, which alleviates the
environmental impact of the material. Moreover,
stringent environmental sustainability
regulations, impact of plastics, and rising
participation of nations for low carbon footprint
have enhanced the usage of recycled
materials. Some major findings of the PET
spunbond nonwoven market report
include Technological advancement in the
production process of spunbond has enhanced the
overall industry demand. Manufacturers have
increased focus on sustainable production
practice including usage of recycled PET and
other polymers. Heavy RD investments in
development of advanced materials with low
production costs along with special
characteristics have stimulated the product
demand. The growing trade tensions especially
triggered by the COVID-19 pandemic is restricting
the international growth prospects for product
manufacturers.
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However, the increasing initiatives by countries,
such as the U.S., China, and India, to offer
adequate health facilities and increasing
investments in the healthcare sector are
generating lucrative opportunities for industry
participants. Moreover, the rising awareness
among people about healthcare and hygienic
practices owing to the pandemic caused by
coronavirus has augmented the use of personal
protective equipment, which will be a key growth
enabling factor for the market. The agricultural
segment is estimated to generate over USD 800
million by 2027 in PET spunbond nonwoven market
size. PET spunbond is generally used for crop
protection in the agricultural industry for both
greenhouse outdoor crops. It offers suitable
properties for a wide range of crops including
chicory, potatoes, leeks, peppers, lettuce,
iceberg lettuce, watermelon, pumpkin, celery,
carrots, cucumbers, parsley, turnips, cabbages,
cauliflower, courgettes, broccoli, melon, Swiss
chard, spinach, tomatoes, and strawberries, among
others. PET spunbond nonwovens perform as a soil
covering material to curb the growth of weeds in
gardens, greenhouses, and crop farms.
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Others including filtration, automotive, and
construction will account for a major portion of
the global PET spunbond nonwoven market,
representing a share of over 25. High thermal
stability, moldability, permeability, strength,
and UV heat stability are some of the favorable
characteristics of these materials that make them
preferable for various filtration applications
such as air, oil, gasoline filtration, liquid
cartridge and bag filters, vacuum bags, and
laminates, among others. Filtration also
represents a large product demand among the other
applications. Asia Pacific will account for over
40 share in the overall PET spunbond nonwoven
market by 2027. This is due to the presence of a
plethora of manufacturers in the region operating
in various end-use industries including
construction, automotive, textile, medical,
personal care, and filtration, among others. The
region accounts for a significant healthcare
expenditure after North America. The construction
sector in Asia Pacific is expected to showcase
phenomenal growth, accounting for over half of
the global spending on construction projects. The
construction output in the region is most likely
to reach USD 7.4 trillion by 2030, positively
influencing the regional growth.
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Competitive Analysis
Key PET spunbond nonwoven industry players are
focusing on increasing their production
capacities. For instance, in December 2021,
Fibertex Personal Care made another round of
investment to set up an additional production
line in Malaysia. The investment amounting to
around USD 64 million was made to cater to the
growing Asia hygiene market. Manufacturers in
the market compete through product innovations
and geographic expansion via acquisitions
mergers of micro level firms to expand their
global presence for instance, in July 2019,
Techtex acquired Whitminster International and
Klenzeen based in the UK. The acquisition created
a group worth over USD 22.5 million. The
initiative further strengthened the companys
presence in the healthcare and industrial sectors
and enhanced its presence in new markets
including significant overseas opportunities.
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