Air Filtration Media Market 2019 - Overview, Latest Analysis and Future Forecast By 2026 | 3M, Ahlstrom-Munksjo, Air filters, Inc., Berry, Cabot Corporation, Innovatec, Irema, H&V

Global air filtration media market size was valued at $3,573.0 million in 2018, and is projected to reach $5,347.6 million by 2026, growing at a CAGR of 5.0% from 2019 to 2026. In 2018, Asia-Pacific dominated the global market in terms of revenue, accounting for around 33.5% share, followed by LAMEA.

Rise in demand for air filters in the healthcare industry, increase in awareness and sensitivity toward air pollution, and degradation of air quality to increase focus on curbing air pollution are the major drivers of the global air filtration media market. However, high capital and operating cost and decline in number of new coal power plants hamper the market growth. On the contrary, high focus on nanotechnology for air filtration is expected to create lucrative opportunities in the near future.

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The air filtration media market has witnessed an unprecedented demand in the recent years, due to increased concerns about high efficiency and productivity, especially in HVAC industry. Moreover, factors such as increase in number of manufacturing industries and surge in awareness about air pollution boost the adoption of air filter media. However, the air filtration media market in LAMEA is in its nascent stage and is expected to witness significant growth in the future. Asia-Pacific region are anticipated to provide lucrative opportunities for the market players, owing to economic growth and improvement in access to advanced technologies in these regions. However, high product and installation cost restrict the market growth.

Residential segment to manifest fastest CAGR through 2026

Based on end user, the residential segment is estimated to manifest the fastest CAGR of 6.5% during the forecast period, owing to alarming increase in air contamination in urban areas. However, the commercial segment held the largest share in 2018, accounting for around two-thirds of the market, owing to increase in investments by corporate offices to deploy air filters and purifiers to enhance significantly for employee safety and hygiene.

Face mask segment to portray fastest CAGR by 2026

The face mask segment to register the fastest CAGR of 7.4% during the forecast period, owing to increased demand for air filter media for manufacturing reusable and disposable anti-pollution face masks due to the rise in pollution level in many areas of the globe. However, the transportation segment dominated the market in 2018, contributing around one-third of the market, owing to adoption of synthetic fibers such as polyurethane-based adhesive filter, and gasoline particulate filter and expansion of automotive sector globally.

Spunbond segment dominated market

The Spunbond segment held the largest share in 2018, contributing more than one-fourth of the market, owing to its versatile nature, random fibrous structure, and high tear strength. However, the meltdown segment is projected to register the fastest CAGR of 6.4% during the forecast period, owing to its features like anti-microbial, pore size distribution, thermal insulation, high strength, and absorbance.

LAMEA registered the second highest growth rate after Asia-Pacific in the air filtration media market in 2018, and is expected to continue this trend during the forecast period, owing to expansion of the commercial, and automotive sectors in the region. In 2018, the air filtration media market share is highest among the commercial segment, owing to the growth in commercial sector. For instance, in March 2018, Calgon Carbon Corporation was acquired by Kuraray Co., Ltd. Calgon Carbon is expected to operate as a completely owned subsidiary of Kuraray, a global leader in the development of resins, chemicals, fibers and textiles. The acquisition has increased the global carbon materials business with a focus on activated carbon, activated carbon services, and filtration media.

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Major market players

The major players in global broaching machine industry such as Johns Manvill, Lydall, Inc., and Permatron Corporation have focused new acquisition and product launches to strengthen their presence in the market. Moreover, these companies expand their business by marketing and merging small businesses to sustain the intense competition. For instance, in April 2018, Johns Manville expanded their nonwoven product brand Evalith in Europe. The brand was formerly available only in North America. Similarly, in July 2018, Lydall, Inc. acquired Precision Filtration division of Precision Custom Coatings. Precision Filtration is a producer of high quality air filtration media that has applications in the commercial and residential HVAC markets.

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