Global nonwoven furniture construction sheeting market share is set to witness a considerable upsurge over 2022-2028. This can be credited to the increasing use of nonwovens as internal construction fabrics in arms or backs, as pull strips, and skirt liners or inserts of upholstered furniture, among other applications. Likewise, the exponential increase in the number of individuals spending more on home furnishing and décor will further assert a positive influence on industry dynamics over the coming years. Nonwoven fabric refers to sheets of fibers, continuous filaments, that are made of natural or inorganic sources. This fabric is often considered a low-cost alternative to traditional fabric and is more modern, progressive, and hygienic. Due to the outstanding qualities including durability, super absorbency, repellency, resilience, and sterility, the nonwoven fabric sheets have gained widespread adoption in home furnishing.
Significant increase in building and construction in countries including the U.S. is one of the key trends augmenting the nonwoven furniture construction sheeting market size over 2022-2028. According to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, building permits authorized nearly 1,724,700 housing units in 2021, which could consequently stimulate the demand for nonwoven sheets for furniture and other construction uses. In addition, the rapid urbanization and the escalating disposable income of households will further add impetus to the market growth over the foreseeable future.
The flooring segment is anticipated to hold a considerable share in the nonwoven furniture construction sheeting industry by 2028. The segmental growth is on account of the rising availability of reusable nonwovens made of high-performance polyester textiles with good liquid, shock, and paint absorption properties for floors. Based on end-use, the commercial segment will record a high revenue by 2028, due to the increasing working population and the potential surge in commercial construction activities.
On the regional front, the North America nonwoven furniture construction sheeting market is poised to depict a strong growth rate through 2028. This is driven by the rising disposable income of Americans, even during the coronavirus pandemic. According to the Commerce Department, residential construction spending in the U.S. rose by 2.5% in January 2021, along with an increase in single-family home projects by 3%. Also, the output of the country’s textile manufacturing was recorded at $18.79 billion in 2019, a hike of 23.8% from 2009. Factors such as these could contribute to the progress of the regional industry over the forecast spell.
Key players operating in the nonwoven furniture construction sheeting industry include PEGAS, Fitesa (Petropar SA), SABIC (Saudi Aramco), ExxonMobil, Mitsui Group, First Quality, Toray, Fibtex, and Kimberly-Clark, among others. Strategic product launches, acquisitions, and mergers are some of the initiatives being undertaken by the market participants to boost their business across the competitive market.
The novel coronavirus pandemic has posed unprecedented impacts on the construction industry worldwide. Due to the pandemic-induced lockdowns, there has been a 5% decline in both non-residential and residential construction in the U.S., along with sector-wide employment plunging by 1.1 million, according to the THINK Economic and Financial Analysis. These factors may have caused a hindrance to the steady growth of the nonwoven furniture construction sheeting industry over the recent months. Despite these setbacks, the strong focus on home improvements and renovation and the subsequent growth of the home furnishing sector, particularly during the lockdown, could augment nonwoven manufacturing and in turn, help the industry regain momentum in the upcoming years.