The nonwovens industry is witnessing some new markets and new technologies in the automotive sector. Automobile use in the new markets will be driven by four factors such as universal aspiration, personal freedom, autonomy and accessibility. The global automotive industry which currently has 820 million vehicles will grow to over one billion vehicles by 2020. The automotive sector will grow to reach 15 percent vehicle ownership rate globally by 2020. Industry reports estimate the growth of the nonwovens sector in the US and Europe to be around 5-6 percent, India around 11-13 percent and China around 15 percent. Products such as battery separators, acoustic insulation materials and filters will have a greater potential. Nonwoven products which can cater to environmental sustainability, energy efficiency and reduction in greenhouse gas emissions and urban population needs will have tremendous growth opportunities.
|Number of pages||3|
|Specialist publication||Textile Magazine|
|State||Published - May 1 2010|