ID: MRFR/CnM/1556-CR | February 2018 | Region: Global | 201 Pages
Nonwoven Filter Media Market is projected to be worth USD 7206.8 Million by 2030, registering a CAGR of 5.50% during the forecast period (2022-2030).
$7206.8 Million
5.50%
Asia-Pacific
2022-2030
According to the global nonwoven filter media market research report, the global market has accounted for growth at a CAGR of 5.50% in the assessment period of 2022 to 2030. By the end of the forecast period, the non -woven filter media is predicted to reach USD 7206.7 Million.
The application of nonwoven filter media has surged up in healthcare sectors, personal care, automotive, etc. Nonwoven filters are referred to as random fibers that are fastened together through entangling filaments. This entangling process can be done chemically, mechanically, and thermally, so the filter media would have interconnecting open spaces along the cross-sections that aid in removing a significant percentage of particulate matter. The matter could be of liquid, or a gaseous fluid steams that flows through the filter.
Nonwoven Filter Media are typically considered as porous fabrics made up of a diverse range of fibers and filaments used for filtering out or separating various unwanted particles or elements from a liquid or gas medium passing through it. Hence, the nonwoven filter media are in high demand in end-user sectors such as water filtration, HVAC, and respiratory protection industries. The major advantage nonwoven filter media has over standard filter media is that they can be easily manufactured precisely for meeting the appropriate requirements with air and liquid filtration industry regulatory frameworks. These filter media exude durability and functional efficiency, which make for being ideal materials for filtration. All these characteristics can positively influence the nonwoven filter media market revenue and the global market growth in the forecast period.
COVID-19 Analysis
The novel Coronavirus has created a devastating condition all across the globe that has severely impacted various industries. The nonwoven filter media was no exception, as several governmental regulations have restricted the commercialization supply overseas, and end-users could not access the products due to lockdown situations. Disturbance in the supply chain of raw materials for manufacturing nonwoven filter media has also negatively impacted the nonwoven filter media market size during the pandemic period. However, since nonwoven filter media is one of the best-preferred filtering materials for different respiratory masks like N-95, K-95, surgical masks, and other respirators, the demand for these objects has grown tremendously during the emergence of the pandemic situation in 2020. Nonwoven filter media offers a finer filtration technique compared to other media, which has propelled the growth of nonwoven filter media market size during a pandemic. Studies have shown that nonwoven filter media combined with other fabrics can offer 11% off additional filtration efficiency. As the lockdown restrictions become leisured, the driving need for offering fine respiratory filtration, the key players made many innovative approaches to strengthen the global market value.
Chief Factors Existing in The Market
Key Market Drivers
The prominent driving factor of nonwoven filter media is the media's enhanced application in the healthcare and transportation industry, as well as raising awareness of air and water pollution. The stringent government regulations on various sectors, especially the HVAC industry and respiratory industry, are increasing the demand in the nonwoven filter media market.
Market Challenges
The frequent fluctuations in the price values of raw materials are likely to create more challenges in the nonwoven filter media market. Moreover, the threats surfacing from the woven filtration media are creating doubts in the end users' belief that nonwoven filter media might not be reliable and can hinder the nonwoven filter media market growth.
Market Opportunities
As various global regions are encountering better economic scenarios, the consumers are acquiring a shift in lifestyles. These changes, coupled with consumer confidence in purchasing technologically advanced equipment such as fuel-efficient vehicles, power-efficient HVAC systems, and others, create more opportunities in the nonwoven filter media market that can fuel more demand.
Market Restraints
More governmental and environmental bodies across the world are engaging regulations regarding the use of certain standard nonwoven filter media in various sectors. However, the expensiveness of production and application of nonwoven filter media in various through various sectors can serve as a major restraint in the global market.
Cumulative Evaluation of The Market
The nonwoven filter media research report explains several growth factors in the nonwoven filter media market. Since nonwoven filter media is integrated into various range of industries, the demand for this media in HVAC, respiratory, and automotive sectors is driving the global market growth. Furthermore, air and water quality concerns among the consumers and increasing governmental and environmental regulations are raising the demand for nonwoven filter media. The continuous fluctuation in the price of raw materials is predicated put up new challenges in the nonwoven filter media market in the forecast period. Moreover, the arising threats associated with woven filtration media can hinder the growth of the nonwoven filter media market.
Since more market players are joining the industry with innovative efforts and intelligent market strategies, there can be rapid expansion of the nonwoven filter media market in the assessment period of 2022 to 2030.
Market Segmentation
By Product
The product segment of the nonwoven filter media market is further classified into the surface filter and depth filter.
By Filter Type
On the basis of filter type, the nonwoven filter media market is bifurcated into synthetic and natural filters.
By Technology
The technological segment of the nonwoven filter media market is segregated into more sub-segments such as spounbound, wait laid, meltblown, needle punch, and others.
By application
Based on the application segment, the nonwoven filter media market is further segregated into manufacturing, pharmaceutical, refining, HVAC, transportation, water filtration, food & beverages, mining, homecare, and others.
Regional Analysis
As per the geographical bifurcation of nonwoven filter media market regions, the global regions involve North America, Europe, Latin America, Asia Pacific, the Middle East & Africa, and others. The Asia Pacific region is predicted to have the largest nonwoven filter media market share during the forecast period. North America has accounted for having the second-largest share, followed by Europe during the assessment period. The Asia-pacific region country China has been evaluated to have the largest market share in the region. China is estimated to dominate the nonwoven filter media market in the forecast period as there is an increasing number of end-users and industries established in the region.
Competitive Intensity Within The Industry
On the basis of the global nonwoven filter media market, there is a high competition rate in the industry as many market players are joining in the nonwoven filter media market trend. Below are some of the prominent key players in the nonwoven filter media market:
Since many multinational market players are competing in the global nonwoven filter media market, each of them brings in their unique dynamic approaches for more growth value in the nonwoven filter media market forecast period. As more key players are entering the nonwoven filter media market, the competition rate is rising more.
Recent Market Developments
Report Overview
According to the nonwoven filter media market, various quantitative and qualitative analyses have been performed on market studies to evaluate the performance of the global market. The report consists of different market dynamics influencing the global performance of the global nonwoven filter media market, such as market overview, market segmentation, regional segmentation analysis, global market competition analysis, and latest market developments. Furthermore, the nonwoven filter media market analysis describes the market strategies that the top market key players are employing in order to propel the nonwoven filter media market forward during the forecast periods.
Key Industry Segments
By Product
By Filter Type
By Technology
By Application
By Region
Report Attribute/Metric | Details |
---|---|
Market Size | 2030: USD 7206.8 Million |
CAGR | 5.50% (2022-2030) |
Base Year | 2021 |
Forecast Period | 2022 to 2030 |
Historical Data | 2019 & 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Product, Filter type, Technology, Application |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | 3M, DowDuPont, Sandler AG, Ahlstrom-Munksjö, Parker Hannifin Corp, Pentair Residential Filtration, Johns Manville, Freudenberg Filtration Technologies, Hollingsworth & Vose, Berry Global Inc |
Key Market Opportunities | Rising consumer confidence have resulted in the increasing demand for new, fuel-efficient, and technologically advanced car |
Key Market Drivers | Increasing application in transportation industry coupled with the rising consumer awareness regarding water & air pollution. |
Nonwoven Filter Media Market is predicted to grow at 5.50% through forecast period of 2022-2030.
The forecast period for Nonwoven Filter Media Market research report is 2022-2030.
Some of the key players operating in the global nonwoven filter media market are 3M, DowDuPont, Sandler AG, Ahlstrom-Munksjö, Parker Hannifin Corp, Pentair Residential Filtration, Johns Manville, Freudenberg Filtration Technologies, Hollingsworth & Vose, Berry Global Inc among others.