Spunbond Nonwovens Market: Market Share Analysis
Global Spunbond nonwovens Market was valued at US $ 16.7 Billion in 2022 and is expected to reach US $ 27.4 Billion by 2030 growing at a CAGR of 6.4% during the forecast period 2023 – 2030
Geographically, Asia-Pacific has emerged as a key player in the Spunbond nonwovens market. The region’s rapid industrialization, coupled with a burgeoning population, has led to increased demand for hygiene products, medical textiles, and automotive components. As a result, manufacturers in the Asia-Pacific region have ramped up production to meet the escalating needs of diverse industries.
Innovation plays a crucial role in sustaining the growth of the Spunbond nonwovens market. Companies are investing in research and development to enhance the properties of these nonwovens, making them more adaptable to evolving industry requirements. Improved breathability, eco-friendly options, and enhanced barrier capabilities are some of the key focus areas for innovation within the Spunbond nonwovens sector.