Filter Media Market Size 2019: Applications, Types and Growing Trends in Industry, Gross Margin and Forecast to 2029
Filter Media Market Introduction
Filter media is one of the key component of a filter that determines the filtration efficiency of the filter. Filter media can be of various types that can range from 1 to 2000 micron pore size. The global market for filter media finds a wide range of applications and end-uses such as for the production of purifiers for industrial and residential applications among others.
Filter Media Market Dynamics
Filter Media Drivers
Technological advancements in the purifying technology is expected to be a key factor driving the growth of the global market for filter media. These technological advancements are being successfully adopted by the purifier manufacturers across the geographies. As a consequence, the demand for technologically advanced and efficient filter media has increased among the air and water purifier manufacturers significantly. Therefore, it is expected that the sales of global market for filter media would increase and thus, the market would grow.
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Furthermore, the increasing incidences of air-borne and water-borne diseases owing to increasing pollution from the drastic increase in industrialization and other factors is expected to increase the consumption of filter media among the manufacturers of residential air and water purifiers. The periodic maintenance and exchange of filer media required for the proper and smooth functioning of purifier is expected to maintain steady sales of the global filter media market from the after-market sales channel.
Filter Media Restraints
The operational drawbacks of the purifiers and other end-products that use filter media as a key component is expected to restrain the growth of the global filter media market as it increases the cost of investments for the customers. Also, some pollutant particles are as small as 0.3 micron that creates a need for the increase in the filtering efficiency of filter media. This can act as a potential restraining factor against the growth of common filer media solutions in polluted regions.
Filter Media Trends
It is observed that many key participants of the global filter media market offer custom manufacturing to design filter media according to the customer requirements and hence develop unique filter media solutions for the most exacting environments. Furthermore, the participants are taking strategic steps of development such as merger or acquisition to withstand the market competition.
Filter Media market Segmentation
The global market for filter media can be segmented on the basis of type, applications, type of material for filtration and end-uses.
On the basis of type, the market can be segmented as:
On the basis of applications, the market can be segmented as:
HVAC (Heating, Ventilation and Air Conditioning)
On the basis of material for filtration, the market can be segmented as:
On the basis of end-use, the market can be segmented as:
Filter Media market Participants
Some of the market key Filter Media market participants identified across the value chain of global filter media market that include manufacturers operating at national or international levels and suppliers are as follows:
GVS Filtration Inc.
Hollingsworth & Vose
Superior Felt & Filtration, LLC
National Filter Media
Knowlton Technologies, LLC
CLARCOR Air Filtration Products
Filter Media market Regional Outlook
Filter media market in regions such as North America and Europe is expected to maintain steady sales in coming years and project substantial rates of growth to the filter media market. Owing to the drastic rates of development in emerging economies such as India and China, the filter media market is expected to project lucrative growth in South Asia and East Asia regions. Increasing demand for harsh water purifiers in the Middle East and Africa (MEA) region is expected to project a significant rate of growth to the filter media market in MEA region.
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