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February 8 2016 (Investorideas.com stocks newswire) Global demand for nonwovens is forecast to rise 5.4 percent annually to 11.1 million metric tons in 2019. Demand will be driven by an expected increase in the manufacture of key products made from nonwovens such as baby diapers adult incontinence products filters wipes disposable medical gowns and various automotive components. Additionally higher penetration rates of many of these end products such as baby diapers in developing countries and adult incontinence products in developed countries will promote rising nonwovens requirements. These and other trends are presented in World Nonwovens a new study from Freedonia Group a Cleveland-based industry research firm.
Nonwovens demand in the developed areas of the world is projected to grow well below the global average. For instance through 2014 the US and Western Europe will advance at almost three percent per year while Japan will average less than two percent. These countries have well-developed manufacturing sectors populations with high personal incomes and well-established mature nonwovens markets. Nevertheless nonwovens will see opportunities for expanded use in a number of applications such as motor vehicles and wallpaper substrates at the expense of alternative materials. In the developing world nonwovens demand is expected to grow at more than twice the rate of that in the more established regions through 2019. Notes to analyst Pamela Safarek 'Advances will benefit from rapidly developing manufacturing sectors particularly production of mattresses motor vehicles geotextiles and other key nondisposable nonwovens."
Despite having relatively low intensity of use per capita the Asia/Pacific region was the largest regional market for nonwovens in 2014 with 48 percent of the global total. Growth will be driven in large part by China which will account for nearly half of all global gains through 2019 spurred by rising manufacturing capacity for products that consume significant amounts of nonwovens. India will see faster gains as it continues to rapidly develop its manufacturing and construction sectors. Central and South America Eastern Europe and the Africa/Mideast region each accounted for less than 10 percent of the global nonwovens market in 2014. These regions will post gains above the global average based on favorable growth in domestic sales. However due to the current market size these three regions combined will account for less than 25 percent of global gains through 2019.
© 2016 by The Freedonia Group Inc.
World Nonwovens (published 01/2016 467 pages) is available for $6300 from The Freedonia Group Inc. For further details or to arrange an interview with the analyst please contact Corinne Gangloff by phone 440.684.9600 or e-mail pr@freedoniagroup.com. Information may also be obtained through www.freedoniagroup.com.
A limited license to use or reprint information from this news release is granted to you provided attribution for the same – including if possible the price of the report – is given to The Freedonia Group Inc. (Cleveland OH). We would also appreciate the courtesy of receiving a copy of the article or publication in which we appear.
Contact:
Corinne GangloffMedia RelationsThe Freedonia Group Inc.Cleveland OH+1 440.684.9600pr@freedoniagroup.com
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