Wet Laid Nonwoven Market is anticipated to grow at a CAGR of 5.8% during 2023-2028
Wet Laid Nonwoven Market is anticipated to grow at a CAGR of 5.8% during 2023-2028
Blog Article
The global wet laid nonwoven market is projected to reach $3.0 billion by 2028, at a CAGR of 5.8% during 2023-2028. The growth of wet laid nonwoven market is driven by growing demand for this material in hygiene and medical applications and increasing use of these nonwoven to produce long lasting and reusable shopping bags along with rising preference for eco-friendly and biodegradable products across the globe.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the wet laid nonwoven market by product type (natural fiber and synthetic fiber), application (building material, automotive interior, public utility, home textile, hygiene product, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the wet laid nonwoven market?
Q.4 What are some changing demands of customers in the wet laid nonwoven market?
Q.5 What are the new developments in the wet laid nonwoven market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this wet laid nonwoven area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this wet laid nonwoven market?
Market Segmentation:
Based on product type, the wet laid nonwoven market is segmented into natural fiber and synthetic fiber. The synthetic fiber segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the extensive use of this fiber in the wet-laid nonwoven sector because it provides various benefits, such as ease of accessibility, low cost, high strength, abrasion resistance, and easily washable properties.
APAC will remain the largest region due to the rapid industrialization and urbanization and rising demand for non-woven materials in the construction industry of the region.
Key Players in the wet laid nonwoven market are Hangzhou Nbond Nonwoven, Xinhua Group, Freudenberg, Dalian Ruiguang Nonwoven, and Wuhu Rynd Nonwovens.
The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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