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Nonwoven Fabrics Market is Expected to be Valued at USD 42.1 billion by 2020 : Radiant Insights , Inc
The global nonwoven fabrics market is expected to reach USD 42.1 billion by 2020 . Growing production of baby diapers on account of increasing birth rate particularly in Asia Pacific is expected to remain a key driving factor for the global nonwoven fabrics market . Increasing construction spending in emerging economies of China , India and Brazil is also expected to have a positive influence on the market growth . Volatile prices of key raw materials are expected to remain a key challenge for market participants over the next six years .
Polypropylene nonwoven fabrics were the highest consumed product segment accounted for over 60 % of total market demand in 2013 . PP nonwoven fabrics are also expected to witness highest growth rate over the next six years . Increasing birth rates in emerging markets of India and China and increasing geriatric population in countries such as U . S ., UK , Germany and Japan have driven the demand for baby diapers and adult incontinence products respectively . Increasing demand for baby diapers and adult incontinence products is expected to drive polypropylene nonwoven fabrics demand .
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Further key findings from the study suggest :
Global nonwoven fabrics demand was 8,687.2 kilo tons in 2013 and is expected to reach 13,652.4 kilo tons by 2020 , growing at a CAGR of 6.7 % from 2014 to 2020 .
Spunlaid emerged as the leading technology used in the global nonwoven fabrics market and accounted for 48.5 % of total market volume in 2013 . Spunlaid is also expected to witness highest growth rate over the next several years . Increasing demand for spunlaid nonwoven fabrics in hygiene and medical applications is expected to drive its market over the next six years . Global demand for air laid based nonwoven fabrics is expected to exceed 1 million tons by 2020 .
Durable applications such as construction , automotive and geotextile were the leading application segment in the global nonwoven fabrics market which together accounted for 59.7 % of total market volume in 2013 . Growth of construction and automotive industry particularly in BRIC nations is expected to spur growth for nonwoven fabrics in durable applications .
Asia Pacific was the leading regional market and accounted for 42.4 % of total market demand in 2013 . Growth of major end-use industries particularly in emerging markets of China and India is expected to drive nonwoven fabrics market in the region over the forecast period . Middle East and
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