Polypropylene Nonwoven Fabrics Market Share

North American Market Forecast

The North America polypropylene nonwoven fabrics market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The major factor that is projected to expand the market size in the North American region is the rising utilization of polypropylene nonwoven fabrics in manufacturing medical items along with the rapid expansion of the healthcare industry and increased healthcare expenditure of the people in the region. According to the data from the U.S. Centers for Medicare & Medicaid Services, national Medicare spending grew by 3.5% to USD 829.5 billion in 2020. Furthermore, the presence of major key players in the region and major end-use industries such as construction, agriculture, automotive, healthcare, and others is also expected to escalate the utilization rate of polypropylene nonwoven fabrics in the forecast period. Furthermore, the high demand for vehicles and automobiles is also considered to be a factor for market growth in the region during the forecast period.

APAC Market Statistics

On the other, the Asia Pacific polypropylene nonwoven fabrics market is also projected to show a significant growth rate in the upcoming years owing to the presence of a high number of textile businesses which is anticipated to bring in opportunities for a high production rate of polypropylene nonwoven fabrics. The reports shared by the organizations revealed that the revenue generated from the textile industry in the region is estimated to reach USD 760 billion by 2026 with a steady CAGR growth of 7%. Furthermore, high investments in research and development activities to introduce novel textiles such as polypropylene nonwoven fabrics are also anticipated to impetus revenue generation in the forecast period.