According to the recent study the global wet laid nonwoven market is projected to reach an estimated $3 billion by 2028 from $2 billion in 2023 at a CAGR of 5.8% from 2023 to 2028. Growth in this market is primarily 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.
A more than 150–page
report is developed to understand trends, opportunities and forecast in global 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).
“Synthetic fiber market is expected to remain the largest segment
during the forecast period.”
Based on product type,
the wet laid nonwoven market is segmented into natural fiber and synthetic
fiber. Lucintel forecasts that the synthetic fiber market is expected to remain
the largest segment 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.
“Within the wet laid nonwoven market, the hygiene product segment
is expected to remain the largest application.”
Based on application the
hygiene product segment is expected to witness the highest growth over the
forecast period due to the substantial use of this product owing to its
absorbent abilities and it also ensures strengths, smoothness, stretchability,
and cost effectiveness.
“Asia pacific will dominate the wet laid nonwoven market in near
future.”
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.
Major players of wet
laid nonwoven market are adopting various growth strategies like new product
launches, expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. Hangzhou Nbond
Nonwoven, Xinhua Group, Freudenberg, Dalian Ruiguang Nonwoven, and Wuhu Rynd
Nonwovens are among the major wet laid nonwoven providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal, ZACKS,
and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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