Nonwoven Adhesives Market Expected to Reach $2 Billion by 2020

MarketsandMarkets has released a study on the Nonwoven Adhesives Market. The market size is estimated to grow from $1.46 billion in 2015 to $2.22 billion by 2020, registering a CAGR of 8.65% between 2015 and 2020. According to the report, the market is driven by high demand from baby care, feminine hygiene, adult incontinence, and other applications. Among all regions considered, Asia-Pacific and RoW are expected to witness high growth rates in the next five years. The demand in these regions is supported by emerging markets such as China, India, Brazil, and Mexico. In 2015, the baby care application segment accounted for the largest market share, in terms of value. The baby care application segment is by feminine hygiene and adult incontinence applications. The nonwoven adhesives market in the baby care application segment is expected to witness the highest CAGR between 2015 and 2020, in terms of volume. In 2015, North America is estimated to have accounted for the largest market share, in terms of volume. However, the high demand in Asia-Pacific is expected to be the major driver of the global nonwoven adhesives market. China is among the leading consumer of nonwoven adhesives, globally, due to the increase in demand for nonwoven products in Chinese market. The markets in other emerging economies such as Brazil, India, and Mexico are also expected to witness rapid growth.