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Nonwovens growth predicted; industry to reach 11.5 billion pounds by 2009.

According to a soon-to-be-released report from Business Communications Company, the global market for nonwoven fabrics is estimated at 9.1 billion pounds or $13.4 billion. The average annual growth rate of the industry is 4.8%, which will bring the size of the industry to 11.5 billion pounds by 2009, The developed nations of North America, Western Europe and Japan currently represent about 60% of the industry, but this percentage is decreasing as China and other developing nations are increasing their manufacturing levels.

The global nonwovens industry has undergone some significant structural changes and the industry has been facing a difficult operating environment in recent years. The poor business environment of the last several years has placed pressure on margins and forced a number of inefficient producers into bankruptcy. This has begun to right itself, however, as sustained global economic recovery is now morphing into an expansion, More information: Business Communications Company, 203-853-4266.
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Title Annotation:Nonwoven news: a look at what's going on in the industry
Comment:Nonwovens growth predicted; industry to reach 11.5 billion pounds by 2009.(Nonwoven news: a look at what's going on in the industry)
Publication:Nonwovens Industry
Article Type:Brief Article
Geographic Code:1USA
Date:Oct 1, 2004
Words:155
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