Non-Woven Filter Media Market Global Size Estimation, Growth Prospects, 10 Company Profiles, Industry Share, Price Trends and Future Analysis 2023
Market Scenario:
Market Research Future (MRFR) asserts that the Global Nonwoven Filter Media Market is slated to garner USD 7206.8 million, grabbing a CAGR of 7.01% during the forecast period (2017-2023). Demand for bio-friendly materials is highly favoring the market growth across the globe. Nonwoven Filter Media is referred to as random fibers which are bound together by entangling filaments thermally, mechanically, or chemically, to have interconnected open areas across the cross-section. This can remove a certain amount of particulate matter from the gaseous or liquid fluid streams. Manufacturers extensively use this filtration media in gas, air, and liquid filtration processes.
Industry Updates:
March 01, 2019: Michelman has recently introduced its new family of Unyte surface modifiers which has been specifically formulated for manufacturers of prepreg fabrics and technical textiles. This water-based emulsion brand act as binders for glass, carbon, basalt, aramid, natural, UHMWPE, and other polymeric fibers and has been specifically designed to enable the prepreg fabrics and technical textiles to achieve function and form in both nonwoven and woven materials.
Competitive Dashboard:
The Prominent Players operating the Global Nonwoven Filter Media Market comprises Ahlstrom-Munksjö, 3M, Sandler AG, Berry Global Inc, DowDuPont, Freudenberg Filtration Technologies, Johns Manville, Pentair Residential Filtration, Parker Hannifin Corp, and Hollingsworth & Vose.
Market Potential and Pitfalls:
The Global Nonwoven Filter Media Market is anticipated to expand at a breakneck speed owing to several factors such as burgeoning application in the transportation sector along with the increased consumer awareness associated with air and water pollution. With significant growth in the automotive sales and production specifically in the emerging nations of Latin America and the Asia Pacific is anticipated to bolster the Nonwoven Filter Media Market growth in the long run. The market’s course is also directed by the better economic scenario, increasing consumer confidence, and a shift in lifestyle, which has further led to an increased demand for fuel-efficient, new, and technologically advanced cars.
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Moreover, the government along with other environmental bodies are taking major steps in order to limit water pollution, which is further triggering the demand for nonwoven filter media throughout the appraisal period. Factors like the improvisation of intake air filtration in the automotive industry are predicted to intensify the demand for Nonwoven Filter Media Market. Additionally, with environmental concerns banning from using paper and foam, and cellulose materials, the market has introduced nonwoven filter media as an ideal substitute which has further augmented the service life and also amplified the sensor shielding mechanism. Companies are also highly investing in R&D activities in order to develop the latest technologies for increased performance and efficiency, thereby influencing the market growth to a large extent. For instance, Ahlstrom Corporation has developed Ahlstrom Disruptor Technology for water filtration process.
On the contrary, fluctuation in the prices of raw materials and the high price of non-woven filter media are the top barriers considered to vitiate the market growth during the appraisal period.
Global Nonwoven Filter Media Market: Segmental Analysis
The Global Nonwoven Filter Media Market has been segmented on the basis of Filter Type, Product, Application, and Technology.
By mode of Product, the Global Nonwoven Filter Media Market has been segmented into depth filter and surface filter.
By mode of Filter Type, the Global Nonwoven Filter Media Market has been segmented into natural filter and synthetic filter. Among these, the natural filters are mostly preferred due to increased ecological concern. Moreover, these filters are available in several sizes which further increases its demand.
By mode of Technology, the Global Nonwoven Filter Media Market has been segmented into Meltblown, Spunbound, Needle Punch, Waitlaid, and others. Among these, the Spunbound segment is considered to dominate the segment and is likely to witness a healthy CAGR in the coming years due to various features like durability, lightweight, cost-effectiveness, and high liquid retention attributes.
By mode of Application, the Global Nonwoven Filter Media Market has been segmented into water filtration, transportation, food & beverages, HVAC, pharmaceutical, manufacturing, mining, refining, homecare, and others. Among these, the transportation sector is estimated to generate maximum revenue across the globe.
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Regional Insights:
Geographically, the Nonwoven Filter Media Market span across regions namely, Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa.
Considering the Global Scenario, the Nonwoven Filter Media Market is dominated by the Asia Pacific region, where India and China are considered the most contributing economies. The region mainly focuses on water and air pollution, with the healthcare sector also experiencing a high potential. With the growth of industries like food and beverage, water treatment, and healthcare, the market in this region is considered to flourish.
The European and North American regions are likely to experience a significant growth rate in the sales of nonwoven filter media market owing to the growth in the automotive industry especially in economies like the U.S. and Germany coupled with the augmenting healthcare sector.
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