Polypropylene Nonwoven Fabrics Market to experience gains exceeding 8.8% CAGR up to 2024.

OCEAN VIEW, Del., Aug. 17, 2017 /PRNewswire-iReach/ -- Global PP (Polypropylene) Nonwoven Fabrics Market share is fragmented with amongst top four industry participants contributing to over 40% of the total volume. The industry may witness consolidation with companies involved in mergers & acquisitions to minimize competition.

Increasing requirement of superior and hygienic fabric for various medical applications will stimulate Polypropylene nonwoven fabrics market over the years ahead. Subject to its superior properties, this product is mainly used to manufacture baby diapers. The product's strength is a principal factor that leads to its application across the automotive sector, thereby favorably influencing Polypropylene nonwoven fabrics industry share. The rising proliferation of technology and the enforcement of regulatory norms across various countries will fuel the product demand. According to Global Market Insights, Inc., "Worldwide PP (Polypropylene) Nonwoven Fabrics Market having had a revenue of USD 18 billion in 2015, will collect a revenue of USD 40.2 billion by 2024 with an estimated consumption of 13 million tons."

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Germany Polypropylene Nonwoven Fabrics Market size is forecast to exceed a valuation of more than 650 kilo tons by 2024. The growth can be attributed to shifting trends toward the usage of hygienic products. In addition, the industry giants across Europe have been looking out for innovative technological developments and upgradation, owing to the deployment of technology related norms across this region. Polypropylene Nonwoven Fabrics Market share from the hygiene sector will collect a revenue of USD 18 billion by 2024, as the product is primarily used to manufacture baby diapers, feminine disposables, incontinence, and wipes. Surging requirement of incontinence products across the U.S. pertaining to the rapidly growing geriatric population will also influence Polypropylene nonwoven fabrics industry.

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Speaking along similar lines, U.S. Polypropylene nonwoven fabrics market will surpass a revenue collection of USD 7.5 billion by 2024. Escalating use of the product for various applications such as automotive, construction, and geotextiles will augment the industry growth. In addition to this, consumers across this region are giving preference to hygienic products, which will stimulate product demand notably. The ever-rising elderly population is another prominent factor boosting Polypropylene nonwoven fabrics market size. Taking into account the product strength and durability, staples have been gaining popularity across the sectors such as automotive, geotextile, and construction. Polypropylene nonwoven fabrics market share from staples will register a CAGR of more than 7% over the period of 2016 to 2024.

The industry players across the regions such as Europe, U.S. and China are investing heavily into healthcare sector to manufacture the products such as gowns, drapes, bed linen, masks, surgical caps, under pads, ostomy liners, gloves, incubator mattress, and shrouds. Such a widespread range of product usage will influence the medical application segment, which will generate a volume of more than 2 million tons by 2024.

Browse key industry insights spread across 160 pages with 168 market data tables & 16 figures& charts from the report, "PP (Polypropylene) Nonwoven Fabrics Market Share & Forecast, 2016 - 2024" in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/polypropylene-pp-nonwoven-fabrics-market-report

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