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Polypropylene nonwoven fabric market outlook

May 20th, 2020 / By: / Industry News

According to Technavio, the polypropylene nonwoven fabric market is poised to grow by USD 12.26 billion during 2020–2024, progressing at a CAGR of over 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers and the overall market environment.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Ahlstrom-Munksjo Oyj, Asahi Kasei Corporation, Berry Global Group Inc., DuPont de Nemours Inc., Exxon Mobil Corp., Fitesa SA, Freudenberg SE, Kimberly-Clark Corp., Mitsui Chemicals Inc., and Toray Industries Inc. are some of the major market participants. The increased demand of hygiene products has been instrumental in driving the growth of the market.