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PET Spunbond Nonwoven Market

PET Spunbond Nonwoven Market

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PET Spunbond Nonwoven Market

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  1. PET Spunbond Nonwoven Market - Share, Growth, Key Manufacturers, Regions and Forecast By 2027

  2. Global Market Scenario of Electronic Ceramics Industry PET Spunbond Nonwoven Market is projected to reach USD 6.9 billion by 2027. PET is a recyclable material, which alleviates the environmental impact of the material. Moreover, stringent environmental & sustainability regulations, impact of plastics, and rising participation of nations for low carbon footprint have enhanced the usage of recycled materials. Some major findings of the PET spunbond nonwoven market report include: Technological advancement in the production process of spunbond has enhanced the overall industry demand. Manufacturers have increased focus on sustainable production practice including usage of recycled PET and other polymers. Heavy R&D investments in development of advanced materials with low production costs along with special characteristics have stimulated the product demand. The growing trade tensions especially triggered by the COVID-19 pandemic is restricting the international growth prospects for product manufacturers.

  3. Continue:- However, the increasing initiatives by countries, such as the U.S., China, and India, to offer adequate health facilities and increasing investments in the healthcare sector are generating lucrative opportunities for industry participants. Moreover, the rising awareness among people about healthcare and hygienic practices owing to the pandemic caused by coronavirus has augmented the use of personal protective equipment, which will be a key growth enabling factor for the market. The agricultural segment is estimated to generate over USD 800 million by 2027 in PET spunbond nonwoven market size. PET spunbond is generally used for crop protection in the agricultural industry for both greenhouse & outdoor crops. It offers suitable properties for a wide range of crops including chicory, potatoes, leeks, peppers, lettuce, iceberg lettuce, watermelon, pumpkin, celery, carrots, cucumbers, parsley, turnips, cabbages, cauliflower, courgettes, broccoli, melon, Swiss chard, spinach, tomatoes, and strawberries, among others. PET spunbond nonwovens perform as a soil covering material to curb the growth of weeds in gardens, greenhouses, and crop farms.

  4. Request for sample copy of this research report@ https://www.gminsights.com/request-sample/detail/5177

  5. 360° Industry Analysis Request for customization:https://www.gminsights.com/roc/5177 Others including filtration, automotive, and construction will account for a major portion of the global PET spunbond nonwoven market, representing a share of over 25%. High thermal stability, moldability, permeability, strength, and UV & heat stability are some of the favorable characteristics of these materials that make them preferable for various filtration applications such as air, oil, gasoline filtration, liquid cartridge and bag filters, vacuum bags, and laminates, among others. Filtration also represents a large product demand among the other applications. Asia Pacific will account for over 40% share in the overall PET spunbond nonwoven market by 2027. This is due to the presence of a plethora of manufacturers in the region operating in various end-use industries including construction, automotive, textile, medical, personal care, and filtration, among others. The region accounts for a significant healthcare expenditure after North America. The construction sector in Asia Pacific is expected to showcase phenomenal growth, accounting for over half of the global spending on construction projects. The construction output in the region is most likely to reach USD 7.4 trillion by 2030, positively influencing the regional growth.

  6. Competitive Analysis: Key PET spunbond nonwoven industry players are focusing on increasing their production capacities. For instance, in December 2021, Fibertex Personal Care made another round of investment to set up an additional production line in Malaysia. The investment amounting to around USD 64 million was made to cater to the growing Asia hygiene 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.

  7. Title Latest Research Report On Electronic Ceramics Market@ https://www.gminsights.com/industry-analysis/pet-spunbond-nonwoven-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/5177 Request for customization: https://www.gminsights.com/roc/5177

  8. Stay In Touch You can visit us at: www.gminsights.com THANK YOU

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