Market Analysis of Nonwovens Industry in 2021

The non-woven fabric industry is a segmented industry formed by the innovative industrial application of non-woven technologies such as needle punching, hydroentangling, thermal bonding or chemical bonding in the traditional textile industry. The principle is to directly use polymer slices, short fibers or filaments to orientate or randomly arrange to form a fiber network structure, and then use acupuncture, spunlace, thermal bonding or chemical methods to reinforce it, and finally finish the molding. The fabric formed without spinning and weaving is a new type of fiber product with soft, breathable and flat structure.
1. Policy Analysis

Nonwovens are a sub-sector of the textile industry, an industry encouraged and supported by the national industrial policy, closely related to the improvement of residents' living standards, the promotion of domestic demand and consumption, and an important livelihood industry in the national economy. In recent years, the state has successively issued "Guiding Opinions on the "Thirteenth Five-Year" Development of the Industrial Textile Industry", "Outline of Scientific and Technological Progress in the "Thirteenth Five-Year Plan" of Textile Industry, "Textile Industry Development Plan (2016-2020)", "Industrial Key The General Technology Development Guidelines (2017) and other policies and regulations carry out macro-control to support the development of the textile industry including non-woven fabrics, and the industry has broad prospects for development.
2. Industry analysis

(1) Characteristics of the nonwovens industry

Traditional textile technology requires weaving and knitting to spin fibers into yarns, and then weaving to form fabrics. The production process is long and the number of workers is large. Non-woven fabric technology can directly use high polymer chips, short fibers or filaments for orientation or random arrangement to form a web structure, which is then reinforced by needle punching, spunlace, thermal bonding or chemical methods, and finally finished and formed. , without spinning the fabric directly to form the fabric. Compared with the traditional textile industry, the non-woven fabric industry has the characteristics of automation and digitization of production equipment, interdisciplinary production technology, fast innovation speed, short production process flow, small number of labor, low comprehensive cost, and high production efficiency. Textile industrial application has great value.

(2) Development Trend of Nonwovens Industry

The future development of the nonwovens industry mainly lies in the development of its technological innovation and the development of product application fields. In terms of technological innovation, the first is to further enrich the functional characteristics of products through the development of multi-process compounding, functional finishing, post-processing and other technologies, and develop differentiated products that can be adapted to different needs; The innovation of the process further improves the production efficiency of the industry, and finally realizes the development of automation, digitalization, intelligent manufacturing and green manufacturing. In terms of product application, it is to further expand the industrial application of non-woven fabrics.

3. Market analysis

(1) Scale overview

The non-woven industry can be divided into spunlace, spunbond, needle punch, thermal bonding, chemical bonding and other categories according to the production process. Among them, the segmented industry of spunlace nonwovens is one of the fastest growing fields in the nonwovens industry. According to the data of China Industrial Textiles Industry Association, from 2010 to 2019, the actual output of domestic spunlace nonwovens increased from 232,000 tons to 698,000 tons, with an average annual compound growth rate of 13.02%.

(2) Development history

The non-woven fabric industry originated in Europe and the United States in the 1950s, and was introduced to China for industrial production in the late 1970s. In the process of development, nonwovens have gradually evolved into a variety of processes such as spunbond, needle punch, hydroentanglement, chemical bonding, thermal bonding, air laying, wet laying, and melt blowing. According to the statistics of China Industrial Textiles Industry Association, the production process of China's nonwovens industry is mainly spunbond. In 2019, the output of spunbond nonwovens was 3.0943 million tons, accounting for 49.80% of the total output of nonwovens. Mainly used in sanitary materials and other fields; followed by acupuncture process accounting for 23.03%, spunlace process accounting for 11.23%, chemical bonding process accounting for 6.43%, thermal bonding process accounting for 5.33%, airlaid technology accounting for 11.23% Compared with 2.47%, the meltblown process accounted for 1.07%, and the wet process accounted for 0.64%.

(3) Features and advantages

Compared with traditional textiles, non-woven fabrics have the following three major advantages: First, non-woven fabrics have a wide range of raw materials and strong adaptability, and most of the natural and non-natural chemical fibers can be used for non-woven fabric production. 2. Non-woven fabrics have a unique engineering structure and flexible production processes. Through various subsequent finishing processes, textiles with various functional characteristics can be produced, including filtration, reinforcement, isolation, etc., so their application range is wider. And it is scalable; 3. The production process of non-woven fabrics is short, the number of laborers is small, and the comprehensive cost is low. It has unique advantages in the field of more and more one-time consumption.

Based on the advantages of non-woven fabric production technology and product performance, the non-woven fabric industry has developed rapidly in my country. At present, China has become the world's largest non-woven fabric producer and consumer. According to the statistics of China Industrial Textiles Industry Association, in terms of investment in fixed assets of nonwovens, my country has been increasing investment in recent years. In 2012, the investment in fixed assets of nonwovens in my country was 14.66 billion yuan, and in 2017, it has risen to 347.76 100 million yuan, with a compound annual growth rate of 18.86%.

(4) Industry prospects

In terms of application fields, the current application of non-woven fabrics focuses on the penetration of high-tech and the use of new materials, and is widely used in construction, automobile, clothing, sanitary materials, aerospace, environmental protection and other industries, especially in the needs of the sanitary materials market. The market volume of textiles for vehicles, footwear and artificial leather is also showing a new atmosphere. With its high added value and high-efficiency competitive advantages, nonwovens have huge potential in the industry.

(5) Competitive Analysis

The development differentiation of enterprises in the industry has initially appeared, and a few outstanding enterprises have come to the fore. In recent years, with the development of the industry, some advantageous enterprises in the industry, including the company, have accelerated their development by virtue of their advantages in scale, capital, technology and operation, focusing on the mining of production processes, the expansion of product types and the improvement of product quality. The improvement has enabled a few companies, including the company, to establish a good reputation and brand influence in the industry first.

Xinlong Holdings

The company is the first nonwoven A-share listed company in China, located in Haikou City, Hainan Province. The company is mainly engaged in the research and development, manufacturing and sales of various non-woven fabrics such as spunlace, spunbond, meltblown and their deep processing products. The downstream products cover the fields of medical treatment, hygiene, home furnishing, beauty and makeup. One of the enterprises in the manufacturing technology of barbed nonwovens. According to its publicly disclosed "2019 Annual Report", the sales revenue of its spunlace products in 2019 was 346.7821 million yuan; the sales revenue of non-woven deep-processing products was 49.8996 million yuan.

Zhejiang Jinsanfa Group Co., Ltd.

The company is located in Changxing County, Zhejiang Province. The company mainly produces various non-woven fabrics such as spunlace, spunbond, hot rolling, double point, pulp point, powder point, dusting, heat transfer, etc. Adhesive interlining, lining cloth, and also have the supporting production capacity of warp knitting, dyeing and finishing, weaving, hot-rolled non-woven base cloth and other interlining cloth.

Nobon shares

The company's main business is the research and development, production and sales of spunlace nonwovens and their products, located in Hangzhou City, Zhejiang Province. The company currently has nine spunlace nonwoven production lines with a production capacity of more than 40,000 tons. The downstream products cover four major fields: beauty care, industrial materials, civil cleaning and medical materials. According to its publicly disclosed "2019 Annual Report", its operating income in 2019 reached 1,098,023,600 yuan.

Yanjiang shares

The company is mainly engaged in the research and development, production and sales of surface layer materials for disposable hygiene products. The company's main products are perforated non-woven fabrics and PE perforated films, which are mainly used as surface materials for disposable sanitary products such as sanitary napkins and paper diapers. At present, perforated non-woven fabrics have begun to be used as bottom materials of paper diapers. According to its publicly disclosed "2019 Annual Report", the operating income of its perforated non-woven fabrics in 2019 was 426,236,000 yuan, and the operating income of PE perforated films was 443,651,100 yuan.

Beijing Dayuan

The company is mainly engaged in the production, research and development, sales and technical support of thermally bonded non-woven fabrics and spunlace non-woven fabrics. It mainly provides high-quality surface layer, diversion layer, side and spunlace non-woven fabrics for the manufacturers of baby diapers, feminine sanitary napkins and wet wipes. According to its publicly disclosed "2019 Annual Report", its operating income in 2019 was 840.0761 million yuan.

4. Risk analysis

(1) Risk of price fluctuations of major raw materials

The main raw materials of non-woven fabrics are viscose staple fiber, polyester staple fiber and ES fiber, and the raw materials account for about 80% of the main business cost of enterprises in this industry. If the prices of the above-mentioned raw materials fluctuate significantly in the future, it will have a certain impact on the company's product operations, and the company faces the risk of changes in profitability due to fluctuations in the prices of major raw materials.

(2) Risk of macroeconomic fluctuations

Nonwovens manufacturers are in the middle of the industrial chain, and their industry cyclicality and volatility are closely related to the cyclicality and volatility of the industries where downstream customers are located. The purchasing power and willingness of final consumers determine the development of the nonwovens industry, which is located in the middle of the industrial chain. When the macro-economy is in a rising stage, consumers' purchasing intention and purchasing power will increase, and the strong downstream demand will drive the rapid development of the industry; when the macro-economy is in a downward stage, consumers' purchasing intention and purchasing power will slow down, and the development of the industry will also slow down. will slow down. Therefore, if the macroeconomic growth slows down, the production, operation and profitability of nonwovens enterprises will be adversely affected.

(3) Market competition risk

Although there are certain industry barriers in the nonwovens industry, good policy orientation and broad market space continue to attract new competitors to enter, and industry competition continues to intensify. If enterprises in the industry cannot adapt to the competitive situation of the industry through capacity expansion and technological upgrading, their industry position and market share will face certain risks, which will adversely affect their operations.