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Non-woven Adhesives Market to Reach USD 4226.9 Mn by 2028: RM

Published on 2021-10-18. Edited By : SpecialChem

TAGS:  Sustainability / Natural Adhesives    

Non-woven Adhesives MarketResearch and Markets (RM) anticipates that the global non-woven adhesives market size is expected to reach USD 4,226.9 million in 2028, and register a CAGR of 7.8% during the forecast period. Increasing use of non-woven adhesives for adhesion of hygiene products such as training pants, diapers, adult incontinence, feminine hygiene products, etc. is a key factor driving market revenue growth.

Non-woven adhesives market size was USD 2,306.4 million in 2020, market growth - CAGR of 7.8%, market trends - increasing focus on the development of bio-based alternative products.

Properties of Non-woven Adhesives to Drive Market Growth

Non-woven adhesives are widely used in various industrial applications due to their excellent product properties including softness, excellent processability, low odor, high elasticity, cohesion strength, etc. This is a major factor expected to drive market growth.

These adhesives are ideal for the manufacturing of various products in the automotive and medical industry due to product offerings such as excellent strength and resistance to moisture and heat. Non-woven adhesives are used to make medical disposables, surgical tissues and cloths required during medical procedures. These are other major factors boosting revenue growth of the global non-woven adhesives market.

Stringent regulations implemented by international organizations such as EPA (Environmental Protection Agency), and REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) regarding reducing dependency on fossil fuels is a factor that could hamper the market growth.

Among the product type segments, the ethylene-vinyl acetate segment accounted for a significantly large revenue share in 2020. The Polyalphaolefins (PAO) segment is expected to register a robust CAGR during the forecast period. Among the application segments, the baby care products segment accounted for the largest revenue share in 2020. The medical segment is expected to register significantly high revenue CAGR over the forecast period.

Among the end-use segments, the automotive segment is expected to register a robust revenue CAGR during the forecast period, due to the requirement for cost-effective, lightweight, and non-woven raw materials in the automotive industry, to manufacture lightweight and fuel-efficient automobile parts. The healthcare segment accounted for the largest revenue share in 2020, due to the increasing consumption of non-woven adhesives to manufacture medical hygiene products and surgical disposable products.

Highest Growth in Asia Pacific Region

The Asia Pacific market accounted for the largest revenue share in 2020, due to the growing use of non-woven adhesives in various applications including manufacturing, medical, and automobiles. North American market accounted for a significantly high revenue share in 2020 and is expected to register a robust revenue CAGR during the forecast period, due to growing sales of baby care products, and increasing preference for environment-friendly products from the automotive industry.

The European market is expected to register a relatively steady revenue CAGR during the forecast period.

Companies considered and profiled in this market study include H.B. Fuller Company, Lohmann-Koester GmbH & Co. KG, Beardow Adams, ADTEK Consolidated Sdn Bhd, Palmetto Adhesives, Moresco Corporation, Bostik, Henkel AG & Co. KGaA, tesa SE, and Savare Specialty Adhesives. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand the market footprint.

Source: Markets and Markets

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