Market Overview: In 2020, the global filter media market exhibited significant strength and is poised to maintain a steady revenue Compound Annual Growth Rate (CAGR) throughout the forecast period. The growth is fueled by factors such as heightened consumer awareness regarding health concerns, product safety, air quality, water purity, etc. The increasing demand for filter media in water filtration, driven by global initiatives from organizations like the World Health Organization (WHO), NGOs, and governments worldwide, is a key contributor.
Filter media, composed of randomly organized synthetic fibers, serve filtration and separation purposes. Their porous structure, created through various mechanical, thermal, and chemical processes, allows precise manufacturing to meet industry filtration criteria. With an extended service life and heightened efficiency, filter media stand out as excellent filtration materials.
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Major Growth Drivers in the Global Filter Media Market: The expansion of the global filter media market is propelled by its growing utilization in the transportation sector and its increasing presence in water filtration applications. Nonwoven Filters, designed to eliminate ultrafine particles and contaminants from air and liquid, find applications in clean rooms, hospitals, precision manufacturing, and pharmaceuticals. The ongoing healthcare crisis has further boosted the demand for filter media in the pharmaceutical industry. Additionally, in response to environmental concerns, the automotive industry is incorporating filter media to enhance air filtration in engines.
Factors Limiting Growth in the Global Filter Media Market: The surge in popularity of membrane filtration technology poses a substantial hindrance to the growth of the global filter media market. Unfavorable regulatory environments, especially in applications involving filter media, and challenges in dealing with fluctuating raw material prices (polymers, resins, fibers, and additives) also impede market growth. Factors like high oil prices, changing consumer preferences, evolving trade patterns, and the availability of raw materials such as Carbon Fibers and aramid high tenacity yarns are expected to impede market growth in the forecast period.
Opportunities for Players in the Global Filter Media Market: The benefits of filter media create opportunities in wastewater and healthcare industries. Businesses are increasingly investing in healthcare essentials to meet the demand for disposable healthcare supplies and nonwoven materials. The growing demand for hygienic products is projected to drive market growth in the near future.
Revenue Leadership in the Global Filter Media Market by Product Type Segment: The market is segmented into air filtration and liquid filtration filter media segments based on product type. Air and gas filtration lead the global filter media market due to their diverse applications in various industries, including transportation and HVAC, fostering growth in this category.
Global Filter Media Market Leading End-Use Segment: In terms of end-use, the respiratory protection application sector holds a significant market share. The substantial increase in demand for face masks, driven by the spread of COVID-19, has led several countries to encourage their use, contributing to the demand for face mask production.
Asia Pacific Dominates the Global Filter Media Market in Revenue Share: Asia Pacific emerged as the largest market in 2020, boasting the highest revenue share. The growth in the Asia Pacific market is attributed to countries like China and India, which prioritize water and air pollution control, Japan’s aging population, and the increased need for filtration systems following the outbreak of the COVID-19 pandemic. The region is expected to witness rising product demand in the automobile industry.
North America Leads in Terms of Revenue Compound Annual Growth Rate (CAGR): The North America filter media market is anticipated to register the fastest CAGR over the forecast period. This growth is driven by increased demand for personal care and hygiene products, a favorable outlook for the food and beverage, HVAC, and automobile industries, heightened consumer awareness, concerns about water and air pollution, and advancements in filtration technology.
Major Companies Profiled in the Report:
- Ahlstrom-Munksjo Oyj
- BASF SE
- Berry Global Group, Inc.
- Cerex Advanced Fabrics, Inc.
- Glatfelter Company
- Delstar Technologies Inc.
- Kimberly-Clark Corporation
- Pegas Nonwovens S.A
- Honeywell International, Inc.
- Cummins Filtration
- Freudenberg Filtration Technologies SE & Co. KG
- Sandler AG
Strategies and Objectives of Major Companies: In August 2017, ATEX commenced the commercialization of a substantial capacity expansion in its melt-blown and composites production at its Gainesville, Florida, plant, effectively tripling its output.
What Our Report Provides and Why Our Offering Is Better: This report furnishes historical data points, forecasts, and revenue growth at global, regional, and country levels. It includes analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2018 to 2028. The report encompasses industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution for each regional and country market. Additionally, it offers industry analysis, competitive landscape, company financials, and impact analysis, providing a detailed view of the global market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.
Detailed Segmentation in Our Report: For this report, the global filter media market is segmented based on product type, technology, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Air Filtration
- Liquid Filtration
Technology Weight Outlook (Revenue, USD Billion; 2018-2028)
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Water Filtration
- Food and Beverages
- Advanced Technology
- Hydrocarbon Processing
Region Outlook (Revenue, USD Billion; 2018-2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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