June 23, 2020 10:52 ET | Source: Reports and Data Reports and Data
New York, New York, UNITED STATES
New York, June 23, 2020 (GLOBE NEWSWIRE) -- The global Spunbond Nonwoven market is forecast to reach USD 23.33 Billion by 2027, according to a new report by Reports and Data. The Spunbond nonwoven market has experienced significant development in recent years and is expected to grow significantly over the forecast period.
Spunbond nonwoven has different properties; for example, it is impervious to chemicals and heat, burst resistance, porous, from extension to breakage, and has one gram per square meter (GSM) between 10 and 150. The fluctuation in crude oil prices over the past few years has had a direct impact on the prices of its derivatives, such as polypropylene, polyester, and polyethylene terephthalate. Fluctuating commodity prices hurt the profit margins of several manufacturers of spunbond nonwovens. The demand for disposable products is expected to increase over the forecast period due to increased usage of baby diapers and feminine hygiene products.
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The COVID-19 impact: The COVID-19 pandemic is expected to have a positive impact on the global Spunbond Nonwoven market in 2020, the reason being the increase in the medical and healthcare and personal hygiene applications, which were responsible for the significant demand in market share terms in 2019. After the pandemic, however, trends discussed in the study of the Global Spunbond Nonwoven industry do hold ground.
Although, production shutdowns and supply chain disruptions have resulted in a downgraded outlook for geotextile applications, which will have short-term impacts on market sales that could have lasting effects. While the experts expects things to return to near normal state well before the end of 2020, negative demand shock caused by the crisis is likely to last.
Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented into the global Spunbond Nonwoven market on the basis of Material Type, Function, End-Use, and Region:
Material Type Outlook (Revenue, USD Billion; 2017-2027)
Function Outlook (Revenue, USD Billion; 2017-2027)
End-Use Outlook (Revenue, USD Billion; 2017-2027)
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/spunbond-nonwovens-market
Regional Outlook (Revenue, USD Billion; 2017-2027)
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