Air Filtration Media Market Witnessing Stunning Growth by Forecast Period 2026 | Impacts of COVID-19

According to a new report published by Allied Market Research, titled, "Air Filtration Media Market by End-User, Application, Media, Usage, Ratings Business: Global Opportunity Analysis and Industry Forecast, 2019-2026," the 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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Leading Players:
The key market players profiled in the report include 3M, Ahlstrom-Munksjo, AIM Nonwovens and Interiors Private Limited, Air filters, Inc., Berry, Cabot Corporation, Calgon Carbon Corporation, Clean & Science, Donaldson company, Inc, Elta Group, H&V, HVDS, Innovatec, Irema, Johns Manville, Lydall, Permatron Corporation, Porvair Filtration Group, Sandler, Schweitzer-Mauduit International, Inc, Superior Felt And Filtration, LLC, and Toray.

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. Furthermore, there is a decline in the new construction of coal power plants. This reduced the demand for the air filters media used in power manufacturing sector, thereby restraining the air filtration media market growth during the forecast period.

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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Global Air Filtration Media Market Segments:

By End-user
• Industrial
• Commercial
• Residential

By Application
• HVAC
• Air purifier
• Face mask
• APC
• Industrial manufacturing
• Transportation
• Others

Key Findings of the Air Filtration Media Market :

• Based on end-user, the commercial segment dominated the global air filtration media market, in terms of revenue in 2018 and is projected to grow at a CAGR 4.5% during the forecast period.
• Based on application, the Face mask segment is projected to grow at a CAGR of 7.4% during the forecast period.
• Asia-Pacific is projected to register the highest growth rate in the coming years.
• Key market players within air filtration media market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the air filtration media industry.
• The report provides an extensive analysis of the current and emerging air filtration media market trends and dynamics.

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