The PET spunbond market is expected to witness robust growth by 2027 on account of surging product adoption in healthcare, agriculture, and construction, among other end-use industries.
PET spunbond is a mechanically high-strength nonwoven fabric that can withstand high temperatures, which makes it an ideal material for various sectors, such as printing and advertising, automotive, and other industrial uses. Additionally, spunbond products are becoming increasingly essential in filtration applications, both as filter media and as supporting materials for filter media. A nonwoven structure that is versatile allows for the inclusion of customer-specific requirements for diverse functions.
PET spunbond nonwovens are commonly utilized in medical apparel resulting in increased industry investment. Furthermore, the advantageous properties of PET spunbond, such as resilience, reliability, heat and fire resistance, anti-bacterial, hydrophilic, and others, have bolstered product adoption in varied industries.
Recently, industry players have been adopting profitable strategies to gain a competitive edge in the sector, which has enhanced market dynamics. For instance, in September 2021, Oerlikon Nonwoven, a major provider of solutions for nonwoven production processes, announced its plans to exhibit at INDEX, the world’s biggest nonwovens trade show, which was being scheduled to be held in Geneva, Switzerland. The firm aimed to exhibit polymers that are designed to be used in the production of filter media and membranes.
The PET spunbond market has been segmented based on type, application, and region. In terms of application, the market has been segregated into personal care & hygiene, medical healthcare, textile, food & beverage, packaging, agriculture, and others.
The textile segment is expected to grow at a CAGR of approximately 7% through the assessment timeframe. Stringent safety regulations for construction and other manufacturing operations have considerably propelled the growth of the technical textile industry, which is likely to positively impact product adoption in the textile sector. Technical textiles have witnessed high demand in several end-user industries as they offer numerous beneficial features, which is likely to further boost the development of the textile industry, thereby contributing to segmental progress in the coming years.
From the regional point of view, the Latin America PET spunbond market is expected to grow at over 8.5% CAGR through the review timeline. Meanwhile, the Middle East & Africa region is expected to register a CAGR of more than 5% over the forecast period in the global PET spunbond market.
The abundance of resources in MEA has created a strong potential for attracting industries. Moreover, the MEA PET spunbond market is projected to expand as a result of rising awareness pertaining to the efficient use of energy and the expanding domestic construction sector. Prevalent availability of local raw material supplies and inexpensive manufacturing prices are slated to further bolster regional market growth.