Global Nonwoven Fabrics Report Released
Research and Markets added the "Global Non-woven Fabrics Market 2015-2019" report to its offerings. According to the company, the global nonwoven fabrics market will grow at a CAGR of 6.97% over the period 2015-2019.
Increased usage in construction industry is one of the major trends being witnessed in the market, according to Research and Markets. Nonwoven fabrics are widely used in the construction sector for applications such as house wraps and roofing materials, and as geotextiles. Infrastructural and construction spending is on the rise in developing countries owing to economic growth and growing populations.
According to the report, the global demand for nonwoven fabrics is increasing because of growing demand for medical disposable supplies from the medical sector. Increased demand for personal hygiene products owing to a rise in public awareness along with the growing population and increased incidence of medical conditions are factors propelling the demand for disposable medical supplies.
Further, the report states that volatile raw material prices are one of the major challenges that the market faces. Since nonwoven fabric feedstock is derived from crude oil, any rise in crude oil prices increases the cost of production and reduces the profit margins of the manufacturers of nonwoven fabrics. Price is a major determining factor for many end-users in the Global Nonwoven Fabrics market, according to the company.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Increased usage in construction industry is one of the major trends being witnessed in the market, according to Research and Markets. Nonwoven fabrics are widely used in the construction sector for applications such as house wraps and roofing materials, and as geotextiles. Infrastructural and construction spending is on the rise in developing countries owing to economic growth and growing populations.
According to the report, the global demand for nonwoven fabrics is increasing because of growing demand for medical disposable supplies from the medical sector. Increased demand for personal hygiene products owing to a rise in public awareness along with the growing population and increased incidence of medical conditions are factors propelling the demand for disposable medical supplies.
Further, the report states that volatile raw material prices are one of the major challenges that the market faces. Since nonwoven fabric feedstock is derived from crude oil, any rise in crude oil prices increases the cost of production and reduces the profit margins of the manufacturers of nonwoven fabrics. Price is a major determining factor for many end-users in the Global Nonwoven Fabrics market, according to the company.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.