Non Woven Adhesive industry- growth, trends, covid-19 impact, and forecasts (2021 - 2027)
The rising demand for safe, comfortable, and
disposable products such as toilet paper, baby diapers, and sanitary napkins,
and economic growth in developing countries such as India and China are
expected to drive market growth in the region. Additionally, the rising
population, increasing use of single-use products, the growing number of
surgeries, aging population, and medical advancements have given rise to the
use of non-woven adhesives in the region. Increased vehicle production in India
and China has led to the widespread use of non-woven adhesives in the
automotive industry. In addition, the growing construction industry has
fostered the demand for non-woven adhesives in the region. Hence, the market
for non-woven adhesives in Asia-Pacific is projected to grow at the highest
CAGR during the forecast period.
North America and
Europe are also major markets due to the high sales of baby, feminine hygiene,
and single-use products. These markets are, therefore, predicted to showcase
steady growth during the forecast period.
The use of non-woven
adhesives in toilet paper, pet care products, and automobile production has led
to a rise in the use of non-woven adhesives in Latin America, which is
projected to propel market growth during the review period.
The market in the
Middle East & Africa is expected to showcase moderate growth during the
forecast period due to the growing construction industry in GCC countries.
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Market Segmentation
The global Non-Woven
Adhesive Industry has been segmented based on type, application, end-use
industry, and region.
Based on type, the
non-woven adhesive market has been classified as styrene block copolymers
(SBC), amorphous poly alpha olefins (APAO), ethylene vinyl acetate, polyolefin,
and others.
Based on
application, the market has been divided into baby care products, feminine
hygiene products, adult incontinence products, automotive liners and cables,
construction materials, and others.
On the basis of
end-use industry, the market has been segregated into healthcare, automotive,
construction, and others.
Competitive Analysis
Some of the key players in the global non-woven
adhesive industry are H.B. Fuller Company (US), Lohman-Koester GmbH & Co.
kg (Germany), Beradow Adams (UK), ADTEK Consolidates Sdn Bhd (Malaysia),
Palmetto Adhesives (US), Moresco Corporation (Japan), Bostik (US), Henkel AG
& Co. kGaA (Germany), tesa SE (Germany), and Savare Speciality Adhesives
(Italy).
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