Nonwoven fabrics can be designed with specific targeted properties which are increasing the demand from various industry verticals. HDPE Nonwovens (TYVEK) Market size is forecast to reach $3.9 billion by 2026, after growing at a CAGR of 5.2% during 2021-2026.
The demand for HDPE Nonwovens is increasing as a result of its increased use in across medical, building envelopes and agriculture. Also, nonwoven fabrics are comparatively quick and cheap to manufacture than the knitted fabrics, which is anticipated to drive the nonwoven fabric market substantially during the forecast period.
The core strategy of the key players operating in the HDPE nonwoven market is focused on research and development. Research and Development departments are continually improving existing product performance, optimizing manufacturing efficiencies, and developing the next generation of HDD nonwoven solutions for new applications. Exploring new technology platforms and production techniques and applying them in the product development process gives the players of HDPE Nonwovens the opportunity to create improved product solutions that enable customers to stay at the forefront of their industries. In September 2018, DuPont a leader in safety and protection announced production expansion plans for its high-performance Kevlar para-aramid brand fiber. In addition, the company invested $500 million in a multi-phase production expansion starting with Kevlar polymer expansion in Richmond Va. Therefore, the continuous investment by the players and organizations in research and development to expand the scope of application of HDPE nonwoven is creating opportunities for HDPE Nonwoven Market.
The emergence of COVID-19, which is declared a pandemic by the World Health Organization, is having a noticeable impact on global economic growth. According to the International Monetary Fund, the global GDP is expected to decline by 0.3% in 2020. Whereas India’s growth estimates for 2021 declined to 1.9% from 5.8%, estimated in January by IMF. COVID-19 has impacted the consumer goods and various packaging industry. Companies are facing significant reduction in consumption and supply chain disruption challenges. Lack of supply of basic raw material to the various end-use industry including food industry, medical and pharmaceutical industry due to the temporary shutdown of factories, blockage of roads, reduced access to input and services, labour movement and various other factors is hampering its market growth. The recovery of economy post pandemic will improve the outlook of the HDPE Nonwovens market in 2021.
APAC holds a major share of the HDPE Nonwovens (TYVEK) market owing to the followed by agriculture, building and medical industry. HDPE nonwovens companies in Japan are also one of the sources of higher proportions of the country's economy. In recent years, the production of HDPE nonwovens has resulted in higher statistical values. The annual turnover of clothing is 96 billion dollars and will increase over the next few years.
The HDPE nonwovens industry has become the leading force in the great success of economic growth due to the demand for products. The value of defense aircraft development in line with the Japanese defense budget, has gradually increased in last years, which will drive the cargo covers over a forecast period, which drive the HDPE nonwovens demand. The Indian HDPE nonwovens industry is one of the largest in the world with a massive production base of raw materials and textiles.
The Indian HDPE nonwovens industry has a significant presence both in the Indian economy and in the international economy. Its contribution to the Indian economy is expressed in terms of its contribution to industrial production, employment generation and foreign exchange earnings. According to the India Brand Equity Foundation, the Indian textile industry contributed 13 per cent of industry output to the FY20. It contributed 2.3 per cent to India's GDP and employed more than 45 million people in the FY20. Meanwhile, India has already begun to attract investment in the HDPE nonwovens sector, as China is experiencing a decline in outsourcing. The HDPE nonwovens industry in South Korea played a major role in the country's initial industrialization. Thus, the rising construction and infrastructure activities in the South Korean region has further drive the market for HDPE nonwovens in the forecast period.
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India High Purity Isobutylene Market Growth Drivers:
Mergers & Acquisitions in HDPE Nonwovens Industry, with an aim to develop new product
Major manufacturers of HDPE Nonwovens Industry are adopting strategies like mergers, acquisitions and other strategic alliances to strengthen their foothold in the market. They are also expanding their business using such means. Focus on their research and development is prime, as they develop new and cost effective products for various industry. In September 2018, Eastman and DuPont Materials launched a fabric collection made up of sustainable bio based material. The collaboration blends Naia from Eastmann and DuPont Sorona fibers to create garments with exceptional stretch and recovery, luxurious drape and a smooth, soft hand feel.
The rising number of merger, acquisition by the key players in order to expand their product portfolio is a vital factor contributing to its market growth. For instance, in September 2019 DuPont Safety and Construction acquired the ultrafiltration membrane business from BASF including Inge Gmbh. The transaction, including the business international workforce, its headquarters and production site in Greifenberg, Germany and an associated intellectual property.
Rising Demand of Kevlar in Agriculture Industry
The rising demand of Kevlar in agriculture industry for making personal protective apparel for farmers in order to prevent them from pesticides vapours is a vital factor contributing to its market growth. Moreover, the Occupational Safety and Health Administration provides worker protection standards and guidance for employers, however, for the protection of agricultural workers from pesticides (including insecticides, rodenticides, fungicides and others), the Environmental Protection Agency (EPA) provides protection standards and guidance to the employers in 40 CFR 170, “Worker Protection Standard” and 40 CFR 156 labelling requirements for pesticides and devices.
In 2017, Southeast Nonwovens (SENW) opened a new R&D center specifically focused on product and application development. The focus of company was mainly on staple fiber-based nonwovens. In 2018 increasing SENW’s capacity for larger pilot and production runs. Needle punching technology was added along with a 72-inch-wide thermal laminator to provide more diverse capabilities, and there’s additional plans for 2020. Expansion projects is already underway, include a 1-meter-wide Rando air-lay line, a new 12-inch wet-lay pilot line and an ultrasonic bonding line stocking the toolbox with even greater possibilities.
The Major Players in this Market Include
The major companies in the HDPE Nonwovens (TYVEK) market include DuPont de Nemours, Inc., Fitesa SA, PF Nonwovens, Johns Manville, Intertape Polymer Group Inc., Berry Global Inc., Freundenberg Group, Ahlstrom-Munksjö Oyj and others. The key focus of the companies has shifted towards partnership and product launch.
In June 2019, DuPont Safety & Construction, a business unit of DowDuPont Specialty Products Division, plans to invest more than $400 million to expand capacity for the manufacture of Tyvek nonwoven materials at its facility in Luxembourg. The production expansion, which will add a new building and third operating line at the site, is scheduled to start up in 2021
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