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 Research Report of Nonwoven Filter Media Market @ 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.
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
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
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.
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