Nonwoven Filter Media Market 2020 business opportunities investments growth analysis company profiles and forecast to 2027
Research Reports
Mar 25, 2022
Overview:
The Nonwoven Filter Media Market is getting nods from several quarters regarding the intent to intake and is on a track to score past USD 7206.8 million by 2023. This process is expecting a backing with a CAGR of 7.01% covering a time period of 2020 to 2028. Market Research Future (MRFR) identifies this time frame as the forecast period.
The nonwoven filter is a medium with random fibers interlocked following a mechanical, thermal, or chemical process. This medium has its opening in the cross-sections which can prevent particles from getting through when liquid or gas tries to permeate. The process is developing a rapid follower from several industries as a basic yet effective mode of purification. Rising consumer awareness regarding air and water pollution, growing demand from the transportation industry, and others are set to increase its intake. Its ability to increase fuel-efficiency inspires its percolation across several industries.
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Regional Analysis
The regional analysis of the market for nonwoven filter media reveals a detailed understanding of how the North American market would perform in the coming years. Several countries from the region are focusing well on climate issues and are hell-bent on changing various policies to ensure that industrial and transportation-related pollution lessens in the coming few years. The US and Canada are taking the charge to inspire and influence changes in infrastructure to reshape the regional market outcome.
The Asia Pacific market stands tall among its peers with the potential to record the highest CAGR of 7.14% during the forecast period. This growth can be attributed mostly to the growing initiatives taken by countries like China, India, and others to reduce the air pollution level and support water treatment plans in various urban developments. Also, the regional market is benefiting from the increasing use of automobiles. China has the scope to lead the market in this region as its initiatives regarding air pollution in major cities are fast becoming an edict for others. Its domination would continue as its infrastructural development is getting huge financial backing.
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Segmentation
The global report on the nonwoven filter media market has segments by product, technology, filter type, and application. This segmentation would provide a much closer look at various dynamics and demographic challenges that the market cross to ensure its sustainability and growth.
By product, the report on the nonwoven filter media market segments it into the surface filter and depth filter.
By filter type, the market report containing details on the nonwoven filter media market segments it into the synthetic and natural filter. Natural filters are getting tractions from several quarters as its eco-sustainability is of more value.
By technology, the market report with specific of the nonwoven filter media market can be segmented into needle punch, meltblown, spounbound, waitlaid, and others. The spunbond segment had a 43% market share in 2016.
By application, the report contains segmentation on the basis of HVAC, food & beverages, transportation, water filtration, pharmaceutical, refining, manufacturing, homecare, mining, and others. The transportation segment may surpass a mark of USD1593.5 million by 2023 as nonwoven filter media is evolving as an integral part of the automotive filtration like cabin air, engine air, and oil & fuel. The water filtration would be the next in line and it had a 20% share of the global market in 2016.
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Competitive Landscape:
The global market report by MRFR covers companies that are having a substantial impact on the market. These companies have integrated various strategic moves to make sure that their stance remains firm in the market and they can assist in the furtherance of the global market for nonwoven filter media. The list includes DowDuPont, Sandler AG, 3M, Ahlstrom-Munksjö, Parker Hannifin Corp, Berry Global Inc Pentair Residential Filtration, Johns Manville, Freudenberg Filtration Technologies, Hollingsworth & Vose, and others. This also facilitates an appreciation of trends that may find their mark on point in the coming years.
In December 2019, Freudenberg sold its South American hygiene business that has a specialization in nonwoven filter media to Brazilian Fitesa, a brand to reckon with in the same area.
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1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Non-Woven Filter Media Market
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