According to the research report titled ‘PET Spunbond Nonwoven Market Size, Share and Industry Analysis Report by Type (Disposable, Durable) and Application (Personal Care & Hygiene, Medical & Healthcare, Textile & Clothing, Food & Beverage, Packaging, Agriculture, Others), Regional Outlook, Application, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, global PET spunbond nonwoven market is expected to record a healthy CAGR over the analysis period 2021-2027.

Report findings suggest that increasing product adoption in healthcare sector, high demand for technical textiles across various applications, and beneficial features such as resilience, heat and fire resistance, reliability, hydrophilic, and anti-bacterial properties are primarily driving global PET spunbond nonwoven market growth.

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For the unversed, PET spunbond is a high-strength mechanical nonwoven fabric that can endure high temperatures, which makes it ideal for various applications like automotive, printing and advertising, and other industrial uses. Moreover, spunbond products are being increasingly used in filtration applications, both as filter media and their supporting materials.

On the downside, high cost of PET spunbond, along with easy availability of substitutes are likely to impede market development in the upcoming years.

Considering the application-based fragmentation of global PET spunbond nonwoven market, textile segment is on track to record 7% CAGR over the assessment timeframe, attributable to high product demand from flourishing technical textile sector, driven by strict safety regulations for construction and other manufacturing operations. Moreover, technical textiles are widely used across various sectors due to their many advantages, which is likely to further contribute to segmental growth in the coming years.

On the regional front, Latin America market is set to record 8.5% CAGR over 2021-2027. Meanwhile, Middle East & Africa market is slated to deliver a CAGR of 5% over the analysis period, owing to factors such as availability of ample resources, growing domestic construction sector, and rising awareness about efficient use of energy. Moreover, easy accessibility to local raw materials and cheap manufacturing prices are slated to propel regional market growth.

Speaking of the competitive framework, companies such as Multitexx GmbH & Co. KG, Toyobo Co. Ltd., ???Freudenberg SE, Johns Manville (Berkshire Hathaway), Toray Industries Inc., Mogul Co. Ltd., Petsa Bond bir Petsa Ambalaj ve Plastik San. Tic. Ltd. ?ti., Avintiv Inc., General Tekstil Sanayi ve Ticaret A.?., Unitika Ltd., Kolon Industries Inc., Technical Textile Services Ltd., Schouw & Co., and Asahi Kasei Corp. predominantly affect worldwide PET spunbond nonwoven industry trends.