Nonwoven Filter Media Market Trends, Growth Prospects To 2024: Grand View Research, Inc.
The global nonwoven filter market is expected to reach USD 8.32 billion by 2024, according to a new report by Grand View Research, Inc. Increasing demand for filtration in industries such as healthcare, transportation, food & beverages, and various others is expected to benefit the global nonwoven filter media market.
Global agencies such as UN have issued directives and prescriptions to keep air & water pollution in check. HVAC, manufacturing, food processing, and hydrocarbon processing applications have found nonwoven filter media effective.
Various regulations regarding water & air pollution are expected to have a favorable impact on the global industry growth. Moreover, there have been lots of technological advancements across the globe to develop new and innovative filter media over the past few years.
Healthcare segment is presumed to be the fastest growing application over the next eight years. Nonwoven filter media is used as disposable medical products and helps protection against infections especially from hospitals. These media are also used in face masks to lessen the hazardous impact of pollution across the globe.
Gaining popularity of membrane filtration may have a negative impact on the overall market growth. However, nonwoven filter media has a certain advantage over other media fibers such as light weight, easy to handle, can be tailor made, highly efficient and high temperature resistance. These characteristics give the product an advantage over other filter media.
Access full research report: http://www.grandviewresearch.com/industry-analysis/nonwoven-filter-media-market
Further key findings from the report suggest:
- Spunbond is the most preferred filter technology, and the segment accounted for over 35% of the total technology market in 2015.
- Spunbond technology is used across automotive, healthcare & personal care, and packaging industry.
- Meltblown nonwoven technology is expected to grow at a significant rate over the next eight years. Cost effectiveness is the attributed primary reason for this technology’s widespread usage.
- Asia Pacific emerged as the leading regional market and held over 30% of the global demand in 2015. The surge in demand for nonwoven filter media in major end-use industries such as transportation, filtration, and healthcare to create ample opportunities in the region.
- Industrialization across regions such as South East Asia, India, and China is further anticipated to fuel the market development.
- Focus of major industry participants on innovation and research & development has intensified the industry competition.
- The market shows different dynamics regarding market strategies, M&As, and product diversification. The market is oligopolistic in nature and is dominated by few key players such as Ahlstrom, TransWeb, LLC, Delstar Technologies, Inc. and DuPont Inc.
- Major companies have established manufacturing units in different countries for efficient raw material sourcing and catering to global demand
- Efforts taken by companies to achieve product differentiation is contributing to increased industry rivalry
- Other companies involved in the industry include 3M, Dupont Inc, Cummins Filtration, Honeywell Process Solutions, Pegas Nonwovens S.r.o., Kimberly-Clark Corporation.
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the global nonwoven filter media market on the basis of technology, application and region.
Global Nonwoven Filter Media Technology Outlook (Revenue, USD Million, 2014 – 2024)
- Spunbond
- Meltblown
- Wetlaid
- Needlepunch
- Others
Global Nonwoven Filter Media Application Outlook (Revenue, USD Million, 2014 – 2024)
- Transportation
- Water Filtration
- HVAC
- Food and Beverages
- Healthcare
- Manufacturing
- Advanced Technology
Global Nonwoven Filter Media Regional Outlook (Revenue, USD Million, 2014 – 2024)
- North America
- U.S.
- Europe
- Germany
- UK
- Italy
- Asia Pacific
- China
- India
- Central & South America
- Middle East & Africa
Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-nonwoven-filter-media-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
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