Synopsis of Nonwoven Filter Media Market:
The Global Nonwoven Filter Media Market is segmented based on type as surface filter and depth filter. Based on the processes that are used to make filtration media, the Global Nonwoven Filter Media Market is segmented as Spunbond, Meltblown, Wetlaid, Needlepunch, and others. The spunbond segment accounted for the largest market share of 43.0% in 2016. The technological segment is anticipated to dominate the Global Nonwoven Filter Media Market with 43.2% market share by the end of 2023.
Global Nonwoven Filter Media is used in the range of industries. The market is segmented based on applications as transportation, water filtration, HVAC, food & beverages, manufacturing, pharmaceutical, refining, mining, homecare, and others. The transportation and water filtration are estimated to be the prominent application segments. The transportation segment 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. The 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. The segment is anticipated to witness a steady growth owing to increasing demand for removing undesirable chemicals, biological contaminants, suspended solids and gases from contaminated water.
Key Players
Some of the key players operating in the Global Nonwoven Filter Media Market are 3M, DowDuPont, Sandler AG, Ahlstrom-Munksjö, Parker Hannifin Corp, Pentair Residential Filtration, Johns Manville, Freudenberg Filtration Technologies, Hollingsworth & Vose, Berry Global Inc among others.
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Key Findings
Market Research Future concludes that over the past few years, the Global Nonwoven Filter Media Market has witnessed a healthy growth and as per the analysis, 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 the others. Global Nonwoven Filter Media Market is projected to reach USD 7206.8 million by 2023 at a CAGR of 7.01% during the review period 2017-2023. The transportation segment 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. The 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.
Segmentation
The Global Nonwoven Filter Media Market is segmented on the basis of Product, Filter Type, Technology, Application and Region. On the basis of Product, Nonwoven Filter Media Market is segmented as surface filter and depth filter. Based on Filter Type, the market is segmented as synthetic and natural filter. Based on technology, the market is segmented as spounbound, meltblown, waitlaid, needle punch and other segment. On the basis of application, market is segmented as transportation, water filtration, HVAC, food & beverages, manufacturing, pharmaceutical, refining, mining, homecare and others. Based on the region, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
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