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The market trends and analysis report covers an in-depth analysis of market growth factors like the strategic initiatives by market players, the growth of the e-commerce industry worldwide, and the poor awareness of meltblown fabrics among potential end-user industries.
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Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
The market report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Ahlstrom Holding 3 Oy, Armbrust American, Berry Global Inc., DuPont de Nemours Inc., Evora SA, Freudenberg and Co. KG, Hollingsworth and Vose, Hunan Mingyu Nonwovens Co. Ltd., Indorama Ventures Public Co. Ltd., IREMA Ireland, Johns Manville, Kimberly Clark Corp., Mitsui Chemicals Inc., Mogul Co. Ltd., OC Oerlikon Corp. AG, PADM Group, PFNonwovens Holding s.r.o., Precision ADM Inc., Radici Partecipazioni Spa, Sinopec Shanghai Petrochemical Co. Ltd., THRACE PLASTICS CO S.A., and Toray Industries Inc.
Qualitative and quantitative analysis of market growth and trends of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified. Furthermore, market growth and forecasting it is also quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.
The strategic initiatives by companies is the key factor driving market growth. Meltblown fabric companies can expand their product offerings to cater to a broader range of end-user industries and applications. Market players are focusing on expanding their existing manufacturing facilities or establishing new production plants across the world to accommodate the growing demand for meltblown fabrics. This may include investing in additional production lines, increasing floor space, locating facilities closer to key markets, or finding new sources of raw materials.
For instance, in August 2021, Precision ADM Inc., a medical device and engineering and manufacturing solutions provider, acquired Roswell Downhole Technologies Inc., a Canadian manufacturer of meltblown fabrics. Hence, by implementing these strategic initiatives, market players can strengthen their market position, drive growth and revenue, and sustain long-term success in the competitive landscape of the market in focus, which, in turn, may drive market growth during the forecast period.
The growth of the e-commerce industry worldwide is the primary trend shaping market growth. E-commerce platforms provide easy access to meltblown fabrics for a wide range of consumers. E-commerce allows meltblown fabric market players to reach customers beyond their local or regional markets. By selling their products online, companies can tap into national and international markets, reach a broader audience, and increase their sales potential. E-commerce enables market players of meltblown fabrics to target niche market segments and specialized applications, which may not be economically viable for them through traditional brick-and-mortar retail channels.
Furthermore, the growth of e-commerce has played a significant role in boosting the growth of the market by expanding market reach, improving distribution efficiency, enhancing customer engagement, and driving innovation in product offerings and marketing strategies. As the e-commerce industry continues to evolve and grow, it will have a significant impact on the growth of the market during the forecast period.
Poor awareness of meltblown fabrics among potential end-user industries is a challenge that affects market growth. Many industries, like automotive and construction, may be accustomed to using traditional materials and may not be aware of the superior properties and performance of meltblown fabrics. Educating potential end-user industries about the specific advantages of meltblown fabrics, such as high filtration efficiency, breathability, and durability, can help increase awareness and adoption of these products. In many emerging economies, there may be limited awareness and education about the benefits and applications of meltblown fabrics.
Additionally, industries with established processes or supply chains in place may be hesitant to adopt new materials like meltblown fabrics due to concerns about disruptions in processes and supply chains, as well as the reliability or perceived risks of using these materials. Thus, poor awareness of the advantages of meltblown fabrics among potential end-users may impede the growth of the market during the forecast period.
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The polypropylene segment will account for a major share of the market's growth during the forecast period.? Polypropylene meltblown fabrics find extensive applications in filtration across industries like air, water, automotive, and industrial filtration due to their high particle capture efficiency and durability. Resistant to chemicals and oils, they're favored in industrial filtration and protective clothing for hazardous environments. The polypropylene segment was valued at USD 3.25 billion in 2018. With good thermal stability, they're used in thermal insulation for automotive interiors, buildings, and industries. Engineered for absorbency, they're also utilized in hygiene products, ensuring comfort and dryness by efficiently absorbing and distributing liquids. Hence, these factors will boost the growth of the polypropylene segment as well as the market during the forecast period.
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The market is segmented by end-user into medical hygiene and personal care, construction, home textile, automotive, and others. The medical hygiene and personal care?segment will account for the largest share of this segment.?
APAC is estimated to contribute 51% during the forecast period.
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Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. APAC's rapid industrialization and urbanization fuel demand for meltblown fabrics in healthcare, filtration, automotive, construction, and consumer goods industries. With expanding industries, there's a rising need for high-performance materials like meltblown fabric for filtration and insulation. APAC's large and growing population drives demand for healthcare, hygiene, and environmental products. Countries like China, India, Japan, South Korea, and Southeast Asian nations serve as major manufacturing hubs due to skilled labor, robust supply chains, and favorable business environments, attracting investments in meltblown fabric production and downstream manufacturing, thus stimulating market growth.
Meltblown Fabrics Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2023 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.43% |
Market Growth 2024-2028 |
USD 3.20 billion |
Market structure |
Fragmented |
YoY growth (%) |
7.27 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 51% |
Key consumer countries |
US, China, India, Japan, and Germany |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Ahlstrom Holding 3 Oy, Armbrust American, Atex SpA, Berry Global Inc., DuPont de Nemours Inc., Evora SA, Freudenberg and Co. KG, Hollingsworth and Vose, Hunan Mingyu Nonwovens Co. Ltd., Indorama Ventures Public Co. Ltd., IREMA Ireland, Johns Manville, Kimberly Clark Corp., Mitsui Chemicals Inc., Mogul Co. Ltd., OC Oerlikon Corp. AG, PADM Group, PFNonwovens Holding s.r.o., Precision ADM Inc., Radici Partecipazioni Spa, Sinopec Shanghai Petrochemical Co. Ltd., THRACE PLASTICS CO S.A., and Toray Industries Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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