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PET Spunbond Nonwoven Market Share

Report ID: GMI5177
Published Date: Jan 2022
Report Format: PDF

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PET Spunbond Nonwoven Market Share

The PET spunbond nonwoven industry is highly competitive. Majority of these players have established large manufacturing facilities to produce PET spunbond nonwovens. For instance, Unitika Ltd. has an annual production capacity of 30,000 tons. The company has manufacturing facilities in two countries, Japan and Thailand. Due to its large manufacturing capacity, Unitika Ltd. registered a considerable share of 3.2% in the overall market.

Manufacturers in the market compete through product innovations and geographic expansion via acquisitions & mergers of micro level firms to expand their global presence; for instance, in July 2019, Techtex acquired Whitminster International and Klenzeen based in the UK. The acquisition created a group worth over USD 22.5 million. The initiative further strengthened the company’s presence in the healthcare and industrial sectors and enhanced its presence in new markets including significant overseas opportunities.

Some of the key PET spunbond nonwoven industry players are:

Kolon Industries, Inc
Unitika Ltd
Avintiv, Inc
Toray Industries, Inc.
Johns Manville Corporation
Freudenberg Performance Materials Holding SE & Co. KG
Asahi Kasei Corporation
Toyobo Co., Ltd

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

PET spunbond nonwoven market size had surpassed USD 3,953.5 million in 2020 and will witness over 8.4% CAGR through 2027 with increasing adoption across sectors including healthcare, agriculture, and construction, etc.

Disposable PET segment will generate valuation of over USD 4.5 billion by 2027 owing to the mounting demand from hygienic sector for various applications including sanitary towels, baby nappies, domestic hygiene, and adult convenience pads.

Textile segment will generate a demand for around 115 kilo tons by 2027 owing to the rising demand for technical textiles due to their superior characteristics, high functionality, and aesthetics.

North America PET spunbond nonwoven market growth will capture over 20% share by 2027 with the increasing healthcare expenditure in the region.

The major companies operating in PET spunbond nonwoven market are Kolon Industries, Inc., Unitika Ltd., Avintiv, Inc., Toray Industries, Inc., Johns Manville Corporation, Freudenberg Performance Materials Holding SE & Co. KG, Asahi Kasei Corporation, and Toyobo Co., Ltd.