Home > Pressrelease > HDPE Nonwoven Market size worth over $570.6 million by 2027
HDPE Nonwoven Market size worth over $570.6 million by 2027
- Published Date: March 25, 2021
According to a new research report by Global Market Insights Inc., the HDPE Nonwoven Market size is forecast to exceed USD 570.6 million by 2027.
The demand for HDPE nonwoven is increasing considerably in various end-use industries including industrial protective apparel, packaging, and geotextile, among others. The rising consumption of the product in packaging of medical devices and equipment is projected to boost the market growth in the upcoming years. High-density polyethylene has a variety of specific properties that make it suitable for packaging. It is more durable than regular polyethylene and acts as a good moisture barrier. It also retains its solid state at a wide range of temperatures; therefore, these nonwovens are widely used in packaging and industrial protective clothing.
Furthermore, geotextile is the major consumer of HDPE nonwovens owing to its versatile properties including tear resistance, chemical resistance, and durability. The segment is expected to grow at a CAGR of 5.8% and reach around 42% by 2027. The strong growth in the geotextile industry is expected to escalate the consumption of the product in geotextile production.
HDPE nonwovens are largely being adopted by industrial protective clothing manufacturers owing to their versatile properties including tear and chemical resistance. Growing workplace safety concerns in chemical, manufacturing, and construction industries coupled with a significant increase in accidental injuries and deaths will boost the demand for protective clothing, thereby propelling the global HDPE nonwoven market share. HDPE nonwoven fabric clothing protects workers from small size hazardous particles including asbestos, lead, and mold.
The surging penetration of HDPE nonwovens in the developed countries of Europe and North America is likely to propel the industry growth. Technological developments in product have increased the consumption in various end-use industries, such as geotextile and medical & industrial packaging. Additionally, the emerging applications of HDPE nonwovens in surgical drapes & cloths, building envelopes, cargo covers, and personal hygiene products will offer new growth opportunities to the overall HDPE nonwoven market growth during the forecast period.
Browse key industry insights spread across 162 pages with 133 market data tables & 10 figures & charts from the report, “HDPE Nonwoven Market Analysis By Type (Spun-bond, Airlaid, Dry-laid), By Application (Geotextile, Industrial Protective Apparel, Packaging), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021-2027” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/hdpe-nonwoven-market
The spun-bond segment will hold a market share of around 44% in 2027
The spun-bond method is one of the most common methods to produce polymer-laid nonwovens. The melt spinning technique is used in this method. Spun-bond nonwoven is a filament laid in a web after the polymer has been extruded and stretched to form continuous filaments. The web is then bonded, thermally bonded, and chemically bonded.
Furthermore, the air laid segment is projected to grow significantly during the forecast period. Airlaid nonwoven offers numerous properties such as excellent filtration, bulkiness, softness, and liquid retentiveness. It is widely used in applications such as personal hygienic products and geotextiles. Moreover, the dry-laid segment is projected to grow considerably in the next few years.
Asia Pacific to exhibit steady growth during the forecast period
Asia Pacific dominated the global market and accounted for around 36% of share in terms of revenue in 2020 and is anticipated to maintain its dominance throughout the forecast period. The Asia Pacific is majorly driven by improving the pharmaceutical and medical industry coupled with development in medical devices and equipment. Additionally, the rapid industrialization and improvement in developing countries are likely to offer growth opportunities to the HDPE nonwoven market.
The growing application of HDPE nonwoven in the geotextile industry is further projected to propel the industry growth. Furthermore, the North America HDPE nonwoven market is projected to grow considerably with a CAGR of 5.7% owing to the rising usage of the product in the packaging industry. The U.S. accounts for one of the world's largest markets for medical packaging products.
Some of the top players of the HDPE nonwoven industry include Edilfloor, Dupont, Toray, Fibertex Nonwovens A/S, KOLON Industries, Inc., Indra Industries Ltd., Thrace Group, Xiantaoshi Songqing Plastics Co., Ltd., Xi'an Hemeijia Technology Co., Ltd., Shandong Jin Ruixiang Geotechnical Material Co., Ltd., and Geotrst Environmental Science Technology, among others.
The key participants of the global HDPE nonwoven market are mainly focused on expanding their production capacity. For instance, DuPont planned to invest over USD 400 million to increase its capacity of Tyvek nonwoven materials at its facility in Luxembourg. The production site expansion, which will include a new building and a third operation line, is planned to begin in 2021.