The nonwoven adhesives market is projected to register a compound annual growth rate (CAGR) of 8.71%.
The nonwoven adhesives market is projected to register a compound annual growth rate (CAGR) of 8.71% in terms of value between 2018 and 2023. The market size is projected to grow from $2 billion in 2018 to $3.1 billion by 2023. This growth is reportedly due to rising demand from emerging applications such as baby care, feminine hygiene, and adult incontinence.
The Asia-Pacific market reportedly exhibits strong growth potential between 2018 and 2023. The region accounted for the largest market share in terms of value of the overall nonwoven adhesives market in 2017. Furthermore, this market is projected to witness the highest CAGR due to the growing demand from end users.