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Nonwoven Blanket Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2023-2032
- Report ID: GMI4737
Nonwoven Blanket Market trends are slated to be propelled by 2032, driven by the rising application scope of nonwoven fabrics in the agriculture industry. The fabrics provide better sun protection for crops and are highly cost-effective, impelling their demand in agriculture.
Furthermore, the introduction of nonwoven textiles and blankets for patients, which are non-irritant and gentle to the skin, will also proliferate industry expansion over the forecast period. This would imply that hefty investments in medical textiles would add impetus to the demand for nonwoven blanket market over the coming years.
Nonwoven blankets are widely used as a strengthening fiber, for heat protection, and as insulation against water leakage. Building on such attributes, the product is being extensively used across the construction industry. Nonwoven blankets, made of polyester or PP fabric, are used as roof linings for ensuring exceptional thermal comfort from heat that is reflected from the roof. Meanwhile, it also offers superior blockage against rainwater seepage.
The construction industry is facing adverse impact of inflation. According to the Construction Financial Management Association 2022, the annual construction input inflation rate was more than 19.5% in 2021. This is one of the many challenging factors that would hamper the demand for nonwoven blankets in the ensuing years. However, government initiatives to ease export-import and raw material prices of different products would offer a decline in inflation rate, thereby adding to the opportunities for nonwoven blanket market.
With regards to type, the nonwoven blanket industry from the electric blanket segment will register appreciable revenue by 2032. The segmental growth can be attributed to the ability of the product to benefit users with blood circulation issues as well as those who experience sleep problems. However, high costs associated with the use of electric heated nonwoven blankets may create a hindrance to segmental expansion over the years ahead.
The global nonwoven blanket industry is diversified into different regions including North America, Europe, Asia Pacific, MEA, and Latin America. Amongst these, the Middle East and Africa nonwoven blanket industry is anticipated to depict a high growth rate through 2032. The growth would come from rising government initiatives to discover ways to increase land for cultivation, alongside the rapid increase in hospital construction to mitigate deadly virus transmission in countries including the UAE. In 2022, the International Hospital Construction Company, Riyadh, was commissioned to build a hospital project worth USD 593.8 million. Promising factors such as these could impel the need for nonwoven blankets for healthcare and agricultural applications.
Key nonwoven blanket market players include AutoTech Nonwovens Private Limited, Suominen Corporation, Fibertex Nonwovens A/S (Schouw & Co.), Fiberweb India Limited, Welspun India Limited, Asahi Kasei Corporation, Kimberly-Clark Corporation, DuPont de Nemours, Inc., Freudenberg Group, and others. These companies are focusing on new product launches, acquisitions, and mergers to expand their business footprint across the global market.
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