The non-woven adhesives market size is estimated to be USD 2.3 billion in 2020 and is projected reach USD 3.5 billion by 2025, at a CAGR of 8.5%, between 2020 and 2025. These adhesives are manufactured using base polymers and tackifiers. Tackifiers are petroleum/hydrocarbon-based and are made from bio-based ingredients. Non-woven adhesives are used extensively in various products such as baby diapers, training pants, feminine hygiene, adult incontinence, and tissue, towel & napkin. The adhesive is placed in a fluid medium with an absorbent held within the disposable material, and on cooling, it provides the required adhesion or bonding. Non-woven adhesives have high elasticity and excellent bonding strength.
Browse 270 market data Tables and 46
Figures spread through 221 Pages and in-depth TOC on "Non-Woven Adhesives Market by Technology (Hot-melt), Type (SBC,
APAO, EVA), Application (Baby Care, Feminine Hygiene, Adult Incontinence,
Medical), and Region - Global Forecast to 2025"
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Baby care was the largest
application segment of the non-woven adhesives market in 2019.
Baby care is the major application of non-woven
adhesives; the growth of the segment is backed by a continuous rise in demand
from emerging countries. The global baby care market is witnessing high growth
owing to the rise in infant population, along with increasing awareness about
baby hygiene through social media and other promotional activities. This
segment is growing in developing countries such as China, Brazil, and India
owing to the low penetration of baby care products. In addition, global
manufacturers are seeking new growth opportunities by entering these emerging
markets to cater to customer needs and gain profit margins.
There is a growing awareness about hygiene products
among the middle-class population in these countries. These factors are
expected to drive the market in the baby care segment.
High demand for hot-melt-based adhesives in
diaper and feminine hygiene applications is expected to drive the market.
Hot-melt-based adhesives are extensively used in
products such as baby diapers, pet & medical pads, tissues, and towel &
napkin. The market for hot-melt-based non-woven adhesives is well-established
in North America and Europe.
Hot-melt-based adhesives are placed in a fluid
medium with an absorbent material held within the disposable article. The
article changes color when the hot-melt moisture indicator material comes in
contact with the source of moisture. Hot-melt adhesives used for disposable
articles are based on EVA, SBC, and APAO.
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Impact of COVID-19 on Non-woven Adhesives Market
According to the IMF, a recession as bad as the
global economic crisis of 2008 or worse hit the global economy during 2020. The
IMF warned of a total output loss of USD 9 trillion in the world economy
between 2020 and 2021. The extent of the economic damage still depends on how
the virus spreads throughout Europe, the US, and other major economies.
- According to economists, the Chinese economy
is likely to be hit further by reduced global demand for its products due
to the effect of the pandemic. As the coronavirus pandemic escalates, the
growth rate falls sharply against the backdrop of volatile markets and
growing credit stress.
- The economy of China has been hit far harder
than projected, although a tentative stabilization has begun. In European
countries and the US, increasing restrictions on travel &
transportation and prolonged lockdown have reduced the demand during the
first quarter of 2020. However, the market is expected to recover by the
end of the year.
- Central banks have swung into action and are
undertaking some combination of sharply reduced policy rates, resumed
assets purchase, and liquidity injections. Fiscal authorities have
generally lagged but have begun to loosen the purse strings. As per
MarketsandMarkets analysis, larger and more targeted spending to the most
affected groups is expected.
- Restrictions on movement in Europe and the US
are putting a severe dent in economic activities. India and Southeast
Asian countries are also facing major disruption in their economies.
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