Thread Content
High quality ensures high standards of reliability, and high reliability leads to a better quality of life. As the economy grows, demand for non-woven fabrics continues to increase, and non-woven fabric production in our country is also developing rapidly. Especially in recent years, the equipment and production capacity for non-woven fabrics using processes such as spunbonding, hydroentanglement, and hot air bonding have seen rapid growth. According to forecasts, the annual production of non-woven fabrics is set to maintain a growth rate of 6%-10% over the next 5 years, with annual production exceeding 6.8 million tons by 2023. However, many non-woven fabric manufacturers lament that market demand has not grown in step with production capacity, and overcapacity has led to price competition and the shutdown of equipment. With the upgrading of equipment and the improvement of R&D capabilities, non-woven fabric manufacturers, while producing more high-quality, high-standard products, should also look toward the global market in order to expand their business scope and further advance the development of the non-woven fabric industry. Next, I will provide some data analysis on some of the key non-woven fabric markets, in the hope that it will assist companies in making decisions for their development. Fully biodegradable bag. Biodegradable bags: According to Smithers Pira’s latest market research report, the global spunbond non-woven fabric market was valued at $12.7 billion in 2018, and it is expected to reach $18.3 billion by 2023, with a compound annual growth rate of 7.6% from 2018 to 2023. Compared to other non-wovens, spunbond non-wovens are becoming increasingly popular, and their use in the medical field is also on the rise. The high demand for polypropylene spunbond non-wovens is a key factor driving growth in this market. The high cost of the final products may affect the pricing structure of intermediate industries, and the stagnant growth in the infant diaper segment in mature markets also constitutes a key constraint on the growth of spunbond non-wovens in Western markets. Fully biodegradable bag. Biodegradable bags: In 2018, disposable products accounted for a large share of the spunbond non-woven fabric market. Polypropylene still accounts for the largest share of materials in the spunbond non-woven market. Compared to other raw materials, one of polypropylene’s main advantages is its cost-effectiveness and high production volume, which makes it the preferred material, especially for disposable products such as adult incontinence products, baby diapers, and sanitary pads. The acquisition of such a large share of the market is primarily attributed to the cost-effectiveness of the material and its key functional properties that make it the preferred choice. Meanwhile, many companies are carrying out extensive research and development to improve the biodegradability of disposable spun-bond non-woven products; for example, polylactic acid spun-bond non-wovens have attracted considerable attention due to their known biodegradability and biocompatibility. The Asia-Pacific region is expected to drive growth in the global spunbond non-woven market, with this growth being driven primarily by increasing disposable incomes and rising consumption of disposable products. Projections indicate that the spunbond non-woven market in the Asia-Pacific region will experience extremely high compound annual growth rates from 2018 to 2023, driven primarily by the high demand for spunbond non-wovens from countries such as China, Japan, India, and South Korea. In 2019, global demand for spunbond non-woven fabrics is expected to reach 1.38 million tons, or 31.1 billion square meters, worth $6.2 billion. In response to the new application demands in the field of wiping products and technological innovation, spunbond non-woven fabrics have experienced high growth and high profit margins over the past few years. This trend will continue through 2024, but it will also face new challenges including overcapacity. According to in-depth research by Smithers Pira, sustained demand will drive global consumption of spunbond non-wovens to achieve a compound annual growth rate of 7.9% in 2024, reaching 2.01 million tons. Future profitability will also depend on the ongoing development of existing spunbonding processes and the implementation of new production technologies to meet the requirements of end-users and the market. Fully biodegradable bag. Biodegradable bags: The global consumption of wet non-woven fabrics produced using either the wet-laying process or the DRC process was 460,900 tons in 2018, which is equivalent to 11.3 billion square meters and $1.3 billion. By 2023, the annual growth rate in terms of tonnage will reach 5.0%, the annual growth rate for square meters used will be 5.4%, and the annual growth rate in terms of consumption value will be 5.6%. As the value per ton and per square meter increases, it fosters the growth of more \"high-value\" specialty products, such as battery separators and wall coverings. Overall, demand for non-woven fabrics in the market continues to grow, but there are also increasing demands regarding the performance of these products as well as their use in innovative applications. As companies increase their investment in equipment and production capacity, they must also stay aligned with market needs and growth trends, and expand their operations globally in order to avoid falling into a situation of overcapacity.