Home > Pressrelease > Nonwoven Filter Media Market size will exceed $12.5 billion by 2027
Nonwoven Filter Media Market size will exceed $12.5 billion by 2027
Published Date: April 1, 2021According to a new research report by Global Market Insights Inc., the Nonwoven Filter media Market size will exceed USD 12.5 billion by 2027.
Demand for cleaner air and water will drive nonwoven filter media growth
Global demand for cleaner air and water will drive nonwoven-based filters around the world. The need for pure air & cleaner water have become more of a strict legislation in the developed & emerging markets. The nonwoven filter media is witnessing growth as it is economical and better performing than other filter media. Over the years, nonwoven filter media has gained market share compared to woven & paper-based filter media.
Over the past few years, there has been an increasing demand for improved air & water quality, particularly in emerging markets. This has increased the demand for filter media across end-user industries, ultimately driving nonwoven filter media demand. Consumers across the world are increasingly becoming aware of the health risks associated with contaminated air and water. Thus, consumers are willing to invest in air and water purification products that use nonwoven filters.
The economic & population growth is driving various end-use industries in the emerging markets. Increased production in the end-user industries, such as food & beverage, transportation, and oil & gas, will drive the demand for filters. Much of the filtration market is based on replacement as filters are replaced after the end of their service life. The integration of technology and monitoring devices indicating the filter replacement will drive the nonwoven filter media market share.
The product is also consumed in the production of different types of face masks used by medical professionals and non-professionals. Due to the COVID-19 pandemic, the product witnessed demand globally as demand for respiratory protection products, such as masks, increased exponentially. In 2020, the market demand, in terms of volume, increased by 25%. Stringent regulations on the mandatory use of face masks in public places increased the product demand for respiratory protection. However, nonwoven filter media market demand in other application areas (excluding water filtration and healthcare) suffered in 2020.
The COVID-19 crisis significantly increased the demand for respiratory filters, which use nonwoven filter media for filtration. The rising number of COVID-19 patients will drive the demand for face masks around the world. Furthermore, the product demand is expected to be driven by stringent regulations on wearing face masks. Industry participants are likely to face a challenge from fluctuating raw material prices.
Browse key industry insights spread across 275 pages with 229 market data tables & 19 figures & charts from the report, “Nonwovens Filter media Market Size, By Production Process (Airlaid, Wetlaid, Meltblown, Spunbond), By Form (Air Filtration, Liquid Filtration), By Application (Transportation, Water Filtration, Respiratory Protection, HVAC, Food & Beverage, Healthcare, Manufacturing, Oil & Gas), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/nonwoven-filter-media-nfm-market
Excellent properties will drive the spunbond filter media market
Spunbond filter media exhibits excellent properties such as lightweight and heat-resistance. Spunbond filter media can be used in both air and liquid filtration. The rising demand for filter media in the automobile industry will drive the nonwoven filter media market revenue of the spunbond segment. The segment held more than 35% demand share in 2020.
Rising need for liquid filters in end-user industries will drive market growth
Liquid nonwoven filters are in high demand from end-user industries such as transportation, water filtration, manufacturing, and food processing. The growing demand for end-use products from various industries will drive the demand for nonwoven liquid filters. The liquid filtration segment revenue is expected to register around 6% CAGR growth. Furthermore, the increasing demand for wastewater management systems will propel the nonwoven filter media market growth.
Increasing demand for clean water and wastewater management system will drive product demand
The water filtration segment revenue will reach over USD 2 billion by 2027. Water filters ensure the safety and quality of water that people consume by removing harmful contaminants. The demand for safe and clean drinking water is expected to escalate on a global scale due to the rising population in developing countries. Climate change and global warming have affected the average rainfall all over the world. The increasing demand for water in industrial applications will also propel the product demand.
Increasing demand for air & gas filtration will propel the Europe market
Europe accounted for around 20% demand share in 2020 and will reach over USD 3 billion by 2027. Market growth in the region is closely linked with the progression of the automobile industry. Nonwoven filter media is increasingly used in automobiles, thus rising production of these vehicles will drive the nonwoven filter media market growth in Europe. The European Union registers 13 million cars each year and nonwovens filter media saves 2.6 million tons of CO2 equivalents per year. Furthermore, a stringent regulatory environment on carbon emission will drive the penetration of nonwoven filter media in automobiles.
New product lines by key manufacturers will increase market share
In May 2020, Don & Low added a new meltblown line in Forfars, Scotland with financial support from the Scottish Government. This will increase the company’s market share in the regional market and strengthen its market hold.