Chemicals Industry Today
Nonwoven Filter Media Market | Growing Transportation Sector set to propel the growth at a CAGR of 7.01 % during 2017-2023
Global Nonwoven Filter Media Market Research Report - by Product, Type, Technology (Spunbound, Meltblown, Wetlaid, Needlepunch), Application (Transport, Water Filtration, HVAC, Food & Beverage, Manufacture, Pharmaceutical), Region - Forecast till 2023
Published 09 February 2018
Market Research Future (MRFR) recognizes the following companies as the key players in the Global Nonwoven Filter Media Market: 3M, DowDuPont, Sandler AG, Ahlstrom-Munksjö, Parker Hannifin Corp, Pentair Residential Filtration, Johns Manville, Freudenberg Filtration Technologies, Hollingsworth & Vose, Berry Global Inc among others.
Market Highlights
As per the MRFR analysis, the Global Nonwoven Filter Media Market has witnessed a healthy growth, and the market is likely to continue growing over the forecast period. The market growth is attributed towards the continuously increasing growth of the application segment such as transportation, water filtration, HVAC, food & beverages, manufacturing, pharmaceutical, refining, mining, and homecare among others.
Transportation is estimated to be a major segment and is anticipated to retain its dominance over the forecast period to reach USD1593.5 million by 2023 end due to growing demand for Nonwoven Filter Media in automotive filtration such as engine air, cabin air, and oil and fuel. Water filtration is the second largest application segment for nonwoven filter media and was accounted for 20.0% market share of the global market in 2016. Overall, the Global Nonwoven Filter Media Market is projected to reach USD 7206.8 million by 2023 at a CAGR of 7.01% during the forecast period.
Segment Analysis
The Global Nonwoven Filter Media Market is segmented on the basis of product, filter type, technology, application and region.
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Growing transportation activities and automotive production in the world is expected increases the use of Non-Woven Filter Media. As a result, the transportation segment is estimated to account for the largest market share and expected to dominate during the forecast period. Based on technology, the spounbound is the most common technology, accounting for the largest market share of 43.0% in 2016 and is expected to dominate during the forecast period. Based on filter type, synthetic filters dominate the global market due to its flexibility to formulate as per specifications and technology. Product wise, surface filter type of nonwoven filter media dominates the market due to its growing applications in HVAC, air filtration, food & beverages and pharmaceuticals.
Geographically, Asia Pacific dominated the Global Nonwoven Filter Media Market, accounting for more than one third of the value share of the Global Nonwoven Filter Media Market. The regional market trends substantiating the growth of nonwoven filter media market includes the growing contribution of transportation segment of the emerging economies and rise of the end user application industry across Asia Pacific region.
Furthermore, the rapid urbanization in the region, high penetration of nonwoven Filter Media manufacturers in the region, availability of cheap labor are considered to have a positive impact on the overall Nonwoven Filter Media Market in the region. The other emerging markets such as Latin America and the Middle East & Africa seems to follow a similar market trend as Asia Pacific.
Get Complete Report @ https://www.marketresearchfuture.com/reports/non-woven-filter-media-market-2088
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
Market Highlights
As per the MRFR analysis, the Global Nonwoven Filter Media Market has witnessed a healthy growth, and the market is likely to continue growing over the forecast period. The market growth is attributed towards the continuously increasing growth of the application segment such as transportation, water filtration, HVAC, food & beverages, manufacturing, pharmaceutical, refining, mining, and homecare among others.
Transportation is estimated to be a major segment and is anticipated to retain its dominance over the forecast period to reach USD1593.5 million by 2023 end due to growing demand for Nonwoven Filter Media in automotive filtration such as engine air, cabin air, and oil and fuel. Water filtration is the second largest application segment for nonwoven filter media and was accounted for 20.0% market share of the global market in 2016. Overall, the Global Nonwoven Filter Media Market is projected to reach USD 7206.8 million by 2023 at a CAGR of 7.01% during the forecast period.
Segment Analysis
The Global Nonwoven Filter Media Market is segmented on the basis of product, filter type, technology, application and region.
Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/2088
Growing transportation activities and automotive production in the world is expected increases the use of Non-Woven Filter Media. As a result, the transportation segment is estimated to account for the largest market share and expected to dominate during the forecast period. Based on technology, the spounbound is the most common technology, accounting for the largest market share of 43.0% in 2016 and is expected to dominate during the forecast period. Based on filter type, synthetic filters dominate the global market due to its flexibility to formulate as per specifications and technology. Product wise, surface filter type of nonwoven filter media dominates the market due to its growing applications in HVAC, air filtration, food & beverages and pharmaceuticals.
Geographically, Asia Pacific dominated the Global Nonwoven Filter Media Market, accounting for more than one third of the value share of the Global Nonwoven Filter Media Market. The regional market trends substantiating the growth of nonwoven filter media market includes the growing contribution of transportation segment of the emerging economies and rise of the end user application industry across Asia Pacific region.
Furthermore, the rapid urbanization in the region, high penetration of nonwoven Filter Media manufacturers in the region, availability of cheap labor are considered to have a positive impact on the overall Nonwoven Filter Media Market in the region. The other emerging markets such as Latin America and the Middle East & Africa seems to follow a similar market trend as Asia Pacific.
Get Complete Report @ https://www.marketresearchfuture.com/reports/non-woven-filter-media-market-2088
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
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