Press release
Nonwoven Filter Media Market is estimated to reach USD 7206.8 million by 2023 at a CAGR of 7.01%
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.
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Market 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.
Major Key Players:
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.
Regional Analysis:
Market Research Future has segmented the global Nonwoven Filter Media market into Five Different Regions namely,
• North America,
• Europe,
• Asia Pacific,
• Latin America,
• Middle East & Africa.
The North American market is further divided into the U.S. and Canada while the European market is segmented into Germany, Russia, the U.K., France, Italy and Rest of Europe. The Asia Pacific Market is sub-divided into China, India, Japan, South Korea, Australia, and Rest of Asia Pacific. The global nonwoven filter media market is expected to reach USD 7206.7 million by the end of forecasted period i.e. 2023. Asia Pacific has accounted for the largest market share followed by North America and Europe.
The Asia Pacific region offers huge growth potential for nonwoven filter media market and is slated to register the highest CAGR of 7.14% during the forecast period. China accounted for largest market share in the Asia Pacific region, and expected to dominate during the forecast period in the region due to growing end user industries in the region.
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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 products, services, technologies, applications, end users, 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.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Market Research Future
Office No. 528, Amanora Chambers,
Pune- 411028,
India.
+1 646 845 9312
Email: sales@marketresearchfuture.com
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