Non-Woven Adhesive Market Overview
The global market for nonwoven adhesives is projected to acquire USD 4225 million by the end of forecast period (2022-2030). Furthermore, the market is anticipated to register a healthy CAGR of over 7.5% during the assessment era. The non-woven adhesive is a type of synthetic fiber produced through extrusion processes that involve melting thermoplastic polymers into a molten state and then forcing them through a die under high pressure. This causes the polymer molecules to bond at the molecular level. These adhesives are widely used in the manufacturing industry due to their properties such as excellent processability, heat resistance, high elasticity, low odor, ease of use, softness, and high cohesion strength. These adhesives are also more environmentally friendly and perform better than conventional adhesives. Non-woven adhesives have applications spanning the industries like construction, automotive, packaging, medical, and electronics. The global non-woven adhesives market is expanding, owing primarily to the increased use of disposable hygiene products. Significant demand in the automotive industry is also propelling the product market forward. Region-wise, the major growth markets for non-woven adhesives in Asia-Pacific are India, China, Indonesia, and Malaysia thanks to the rapid industrialization and urbanization in these developing countries.
The global non-woven adhesive market has been segmented based on type, application, end-use industry, and region.
Based on type, the global non-woven adhesive market has been divided into styrenic block copolymers (SBC), amorphous poly alpha olefins (APAO), ethylene vinyl acetate, polyolefin, and others.
On the basis of application, the global non-woven adhesive market has been segregated into baby care products, feminine hygiene products, adult incontinence products, automotive liners and covers, construction materials, and others.
The market has also been segmented, based on end-use industry, into healthcare, automotive, construction, and others.
The global non-woven adhesive market has been analyzed with regard to five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia-Pacific held the largest market share of the global non-woven adhesive market in 2017; the regional market is expected to grow at the fastest rate during the forecast period. The high budget allocation for the healthcare industry in the Indian Union Budget 2018 is likely to boost the demand for non-woven adhesives in the region. India, China, Indonesia, and Malaysia are the major growth-centric markets for non-woven adhesives in Asia-Pacific. Rapid industrialization and urbanization in these developing countries due to economic growth and rising populations are also fueling the demand for non-woven adhesives in the building and construction industry.
North America held the second-largest market share for non-woven adhesives in 2017. The increasing single-use trend has raised the demand for non-woven adhesives in the healthcare industry in the region. The North American non-woven adhesive market is expected to grow at a significant pace during the forecast period.
Europe was another major market for non-woven adhesives in 2017; the regional market is expected to grow steadily during the forecast period. Widespread health and hygiene awareness in the region has led to the increased use of non-woven adhesives in the healthcare industry. Furthermore, strong demand from automotive manufacturers in Germany is also boosting the growth of the product market.
The increasing application of non-woven adhesives in bath tissues, pet care, and vehicles has led to a rise in demand in emerging markets such as Brazil and Mexico. Hence, the Latin American market is expected to show remarkable growth during the review period.
The increasing demand for high-quality hygiene products in the Middle East & Africa in recent years has led to the rising demand for non-woven adhesives. The regional market is projected to register moderate growth during the forecast period.
Some of the prominent players in the global non-woven adhesive market are H.B. Fuller Company (US), Lohmann-Koester GmbH & Co. KG (Germany), Beardow Adams (UK), ADTEK Consolidated Sdn Bhd (Malaysia), Palmetto Adhesives (US), Moresco Corporation (Japan), Bostik (US), Henkel AG & Co. KGaA (Germany), tesa SE (Germany), and Savare Specialty Adhesives (Italy).
Recent Development
Arkema, a specialty chemicals and advanced materials company headquartered in Colombes (France) has acquired a wide range of key technologies and well-known brands from Ashland Performance Adhesives. It is a major player in pressure-sensitive adhesives, particularly decorative, protection, and signage films for automotive and buildings. It also has a strong presence in structural adhesives and a wide range of hot melt adhesives for flexible packaging.
Fitesa, a nonwoven fabrics manufacturer based in Simpsonville in the United States, announced an investment in a new multibeam Reicofil 5 line in Europe, with a planned start-up in the second quarter of 2023. The new machine will be installed in one of Fitesa's existing facilities in the region and will be capable of producing Full High Loft and standard spunmelt products from a variety of sustainable raw materials such as bioPE and PLA.
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