Market Research Future predicted that the global Non-woven Filter Media Market is set reach the highest valuation during the forecast period.
Non-woven Filter Media Market is projected to be worth USD 7206.8 Million by 2028, registering a CAGR of 5.50% during the forecast period (2022-2030).
The global Non-woven Filter Media Market is driven by factors such as a growing application in the transport sector. A considerable increase in car production and sales, particularly in emerging economies, will stimulate market growth over the forecast period. A better economic climate and a change in lifestyle, coupled with emerging consumer confidence, have resulted in the growing demand for new, fuel-efficient, and technologically advanced cars. In addition, important steps taken by governments and environmental authorities around the world to reduce water pollution will increase demand for nonwoven filter media over the forecast period.
Growing sales of automobiles, increasing construction projects, and rising consumption of consumer goods are factors helping the global Non-woven Filter Media Market to grow. Capital holdback during the financial downturn is predicted to aid the global market as business spending is anticipated to spur during forecast period. Consumers’s awareness of criticality of indoor air and water quality is one of the driving factors raising the demand for the filters. Moreover, degrading quality of indoor air has increased the demand for nonwoven filter media. Government encouraging industries with subsidies is the factor anticipated to create lucrative opportunities for market players in terms of regional expansion.
Growing consumer health sensitivity, execution of regulatory and legislation, emerging connected and safe home technologies, use of nanofibers are some of the drivers encouraging the growth of the global non-woven filter media market.
The global market for nonwoven filter media is divided based on the product, filter type, technology, and application.
Based on the product, the Non-woven Filter Media Market is classified into the surface filter and depth filter.
The market is classified into synthetic and natural filter based on the filter type.
Based on technology, the market is segmented as spun bound, meltblown, wetlaid, needle punch, and other segments. The spunbound segment represented the largest market share of 43.0% in 2016.
Based on the application, the market is bifurcated as transportation, water filtration, HVAC, food and beverage, production, pharmaceuticals, refining, mining, home care, and others. Water transport and filtration are estimated to be the main application segments. The transportation segment is expected to maintain its domain over the forecast period and reach $ 1553.5 million over the forecast period due to the emerging demand for nonwoven filter media.
The Asia Pacific region has the largest market share, followed by North America and Europe. The Asia Pacific region offers tremendous growth potential for the nonwoven filter market and is set to record the highest 7.14% CAGR over the forecast period. China is forecasted to sustain its hold by capturing the largest market share in the Asia Pacific region and is projected to influence the region during the forecast period due to the region's growing end-user industries.
Various industry leaders focusing on their product development and innovation include 3M, DowDuPont, Ahlstrom-Munksjö, Sandler AG, Pentair Residential Filtration, Parker Hannifin Corp, Johns Manville, Hollingsworth & Vose, Freudenberg Filtration Technologies, and Berry Global Inc among others.
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The Technical Textiles arm worth $2.3 billion, Welspun Advanced Textiles Division, is set to launch its Engineered Nonwoven Filtration Solutions at Filtech 2019 in Cologne, Germany. Welspun Advanced Textiles Division is among India’s largest spun lace nonwoven exporters, thus serving to global markets comprising baby care, medical, fem care, and other specialty products. A blend of strategic global sourcing, experience development and production team, innovation-based approach, and high-tech multiple manufacturing technologies makes it exclusive among its competitors.