With the economic growth, people's demand for non-woven fabrics is increasing, and the production of non-woven fabrics in China has also developed rapidly. Especially in recent years, the non-woven equipment and production capacity mainly based on spunbond, spunlace and hot air technology have increased rapidly.
According to the forecast, in the next five years, the annual production of non-woven fabrics will still maintain a growth rate of 6% - 10%, and the annual production of non-woven fabrics will exceed 8 million tons by 2023. However, many non-woven manufacturing entrepreneurs lament that the market demand fails to grow in pace with the production capacity, which leads to price competition and equipment shutdown. With the upgrading of equipment and the improvement of R & D capability, non-woven enterprises should not only produce more high-quality, high-grade and high-grade products, but also look at the world and open up a broader market to further develop the non-woven industry.
It is expected that the Asia Pacific region will lead the growth of the global spunbond market, which is mainly driven by the increase of disposable income and consumption of disposable products. The forecast shows that the market of spunbond nonwovens in the Asia Pacific region will grow at a very high compound annual growth rate from 2018 to 2023, which is mainly due to the high demand for spunbond nonwovens from China, Japan, India and South Korea.
On the whole, the market demand for non-woven fabrics is still growing, but the requirements for product performance and innovative applications are also rising. When enterprises increase equipment investment and production capacity, they also need to be closer to the market demand and growth point, layout the global market, so as to avoid being trapped in the dilemma of overcapacity.