Nonwoven Furniture Construction Sheeting Market size is projected to expand substantially over 2023 to 2032, driven by increasing consumer spending on home decor.
Several developing and developed regions across the globe are witnessing rapid urbanization and a dramatic rise in disposable incomes in the last couple of decades. Consumer willingness, purchasing power, and inclination towards luxury lifestyles have also grown more prominent. This is fueling the consumption of nonwoven furniture sheets.
Nonwovens are extensively used in textile and home furnishings to cater to the thriving need for durability, uniformity, strength, and stability. The expanding construction sector is also expected to boost the consumption of nonwoven fabrics to manufacture upholstery, wall coverings, floor coverings, and furniture textiles.
According to the U.S. Census Bureau, and the U.S. Department of Housing & Urban Development, the construction sector witnessed a considerable boom in the country, with more than 1.5 million authorized housing units. This scenario will add to the substantial demand for nonwoven sheets to meet the rising home furnishing and construction application needs.
The Russian invasion of Ukraine resulted in dynamic changes in the supply and demand of nonwoven sheets and other products. The war had a significant impact on the construction sector with skyrocketing input costs of fuel, chemicals, steel, and cement. The heavy reliance on Ukraine for natural resources caused furniture makers worldwide to seek new sources with considerable production losses and exceptionally high furniture prices.
The COVID-19 pandemic also introduced unprecedented challenges in the construction sector, hampering the need for nonwoven furniture construction sheeting. This is ascribing to the increasing focus to curb transmission of the virus leading to very strict lockdowns, social distancing norms, and the shutdown of many construction projects. However, the growing consumer interest in home décor and renovation is expected to spur the consumption of nonwoven fabrics in the manufacturing of furniture and other construction products.
Based on type, the flooring segment is expected to hold a notable share in the nonwoven furniture construction sheeting market by 2032, led by their easy availability and accessibility. Advancements in reusable nonwoven fabrics made up of polyester textiles with high-performance capabilities such as shock, paint, and liquid absorption will fuel the product scope in flooring applications.
In terms of end-use, the demand for nonwoven furniture sheets will pick pace across commercial spaces on account of the surging working population and an increasing number of commercial construction activities. For instance, in October 2022, public construction spending reached more than USD 374 billion, nearly 0.6% higher than the USD 372.5 billion recorded in the previous month.
Geographically, the North America furniture construction sheeting market is slated to expand at a significant rate through 2032. The region is home to several developed economies such as the U.S. The increasing disposable incomes of regional population and the dynamic growth in the real estate and residential construction sectors will pave the way for improved industry growth.
According to the Commerce Department, the U.S. experienced a 2.5% surge in residential construction spending in January 2021. The country is also witnessing a rapid influx of nearly 3% rise in investments in single-family home projects.
PFNonwovens, Fitesa (Evora SA), ExxonMobil, SABIC (Saudi Aramco), Mitsui Group, Toray, First Quality, Fibtex, and Kimberly-Clark are some of the prominent players in the nonwoven furniture construction sheeting market. These companies are foraying into strategic ventures and implementing expansion ventures to attain a competitive edge. For instance, in June 2021, PFNonwovens announced an expansion initiative with an investment of USD 35 million in South Africa for the development of its manufacturing facilities.
The steady shift towards green infrastructure and the surging importance of sustainable furnishing are some of the emerging trends influencing the demand for nonwoven furniture construction sheeting. The significantly rising technological advancements in nonwoven fabrics will also offer lucrative scope for industry development over the projected timeframe.