Research Methodology on Spunbond Nonwoven Market
Introduction
Nowadays, the demand for innovative and high-performance materials is increasing in many industrial and personal applications. Nonwovens are specially engineered fabrics which are strong and durable, producing multiple superior characteristics. This has led to a flourishing demand for the spunbond nonwoven market globally. The spunbond nonwoven offers a wide range of applications due to its superior attributes like a perfect barrier to bacteria, optimal moisture transportation, strength, elasticity, and low price range. The notable production of spunbond nonwovens is due to its superior performance, cost-effectiveness, and sustainability for numerous applications. Market Research Future (MRFR), in its recently published report, estimates that the spunbond nonwoven market in 2022 is expected to grow exponentially at a steady CAGR during the forecast period 2023 - 2030.
The global spunbond nonwoven market is driven by increasing applications in the production of hygiene products, medical products, clothing, furniture, and others. The significant growing industrialization techniques and rising investment in the key regions are anticipated to drive the production and demand for spunbond nonwovens. This, in turn, is expected to propel the growth of the spunbond nonwoven market during the review period. Furthermore, the rapidly changing consumer lifestyle and active consumption of nonwovens are influencing manufacturers to use environment-friendly spunbond material for diverse industrial applications.
Research Methodology
This research is conducted to understand the dynamics of the spunbond nonwoven market to provide an in-depth study of the market and its prospects. Various methods have been employed to assist in the analysis and findings of this study in terms of primary and secondary research.
Primary Research
Primary research has been conducted by collecting information directly from key participants in the spunbond nonwoven market. To collect critical data and to understand current market trends, interviews have been conducted with various stakeholders, industry experts, OEM manufacturers, and consumers. The primary research also involves industry surveys, comments and opinions of readymade sheets manufacturers and related professionals.
Secondary Research
Secondary research has been conducted to observe the performance of the spunbond nonwoven market on a global scale. This research includes all the official statistics and data available for the spunbond nonwovens market. It combines industry results retrieved from magazines, newspapers, articles, and books. The secondary research also involves interviewing customers, stakeholders, and other key opinion leaders from the spunbond nonwovens industry. During this research, a deep analysis has also been done of company websites, investor presentations and financial reports, online and offline directories, and other government data websites.
Method and Approach
For this research, a combination of different approaches and methods have been used. The methods followed in this research have been acknowledged and documented. This helps in the formulation of the research and analysis of the sourced data. MRFR applied both primary and secondary research to study the spunbond nonwovens industry. In the primary research, various market players, industry experts, downstream customers, and others have been consulted. The secondary research was conducted utilizing resources such as company websites, news articles, press releases and directories. During this phase of the research, various parts of the spunbond nonwovens market have been studied in detail.
Market Results
During the market study, it was found that the spunbond nonwovens market is expected to exhibit positive growth throughout the forecast period 2023 to 2030. The growth is attributed to the rising demand for hygiene products and medical applications. Further, the rapid growth in the industrial sector, production of high-performance nonwovens and increasing competition amongst manufacturers are also some of the key factors driving the spunbond nonwovens market.
Conclusion
The spunbond nonwovens market is expected to register a positive CAGR during the review period due to the increasing demand for hygiene products and medical applications. Moreover, technological advancements in the spunbond nonwovens market will provide lucrative growth opportunities for the industry players in the forecast period. The increasing investment in the spunbond nonwovens market will further boost the demand for spunbond nonwovens, driving the market at a high rate. Therefore, this study provides an in-depth analysis of the spunbond nonwovens market and its opportunities for the research period 2023-2030.