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Nonwoven Filter Media Industry: Size, Growth Opportunities, Trends, and Demand Analysis
Nonwoven Filter Media Global Market Report 2024
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According to The Business Research Company's, The nonwoven filter media market size has grown strongly in recent years. It will grow from $8.35 billion in 2023 to $8.94 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to environmental concerns, industrial growth, advancements in material science, air and water quality regulations, healthcare industry growth .
The nonwoven filter media market size is expected to see strong growth in the next few years. It will grow to $12.6 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to improved manufacturing processes, global health awareness , integration in consumer goods, waste management focus, consumer demand for clean products. Major trends in the forecast period include customization and versatility, advanced filtration efficiency, sustainability and eco-friendly solutions, nano and microfiber technology, omnichannel distribution.
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Market Drivers and Trends:
The increasing transportation sector is expected to propel the growth of the nonwoven filter media market. The transportation sector refers to the industry involved in the movement of goods, people, or information from one location to another. Transportation is essential for the efficient movement of raw materials, intermediate goods, and finished nonwoven filter media products throughout the supply chain. Trucks, ships, airplanes, and other transport modes are crucial for timely deliveries to manufacturers, ensuring a continuous production flow. For instance, according to Clean Energy Wire, provides news and well-researched background on German energy and climate policy and supports international journalists, the number of passengers using inner city public transport increased by 10 % in Germany in the first 6 months of 2023 compared to the same period of the previous year. Therefore, the increasing energy efficiency will drive the growth of the nonwoven filter media market.
Technological advancements are the key trend gaining popularity in the nonwoven filter media market. Major companies operating in the nonwoven filter media industry are focused on developing sustainable nonwoven filter media to strengthen their market position. For instance, in May 2023, Acmemills, a US- based manufacturer of innovative nonwoven fabrics, announced the launch of Natura, a revolutionary line of flushable and compostable wipes. Designed to address the growing need for environmentally friendly personal hygiene products, Natura offers a sustainable solution that aligns with Acmemills' commitment to responsible manufacturing.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Sandler AG, 3M, DuPont de Nemours Inc., Berry Global Inc., Freudenberg Filtration Technologies, Ahlstrom-Munksjö Oyj, Cummins Filtration Inc., Pegas Nonwovens, Hollingsworth & Vose Company, Parker Hannifin Corp., Johns Manville, Kimberly-Clark Corporation, DelStar Technologies, Glatfelter Company, Gordian Nonwoven Technology Co Ltd., Honeywell International, BASF SE, Park Industries, Alkegen, Fitesa S.A. and Affiliates, Lydall, MANN Filtration, Donaldson, Mann+Hummel, Pall Corporation, Danaher Corporation, W. L. Gore & Associates, Toray Industries, Asahi Kasei
Nonwoven Filter Media Market 2024 Key Insights:
• The nonwoven filter media market size is expected to see strong growth in the next few years. It will grow to $12.6 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%.
• A Crucial Defense Against Rising Water And Air Pollution
• Advancing Sustainability With Sigmatex's Nonwoven Carbon Fiber Recycled Fabric
• Asia-Pacific was the largest region in the nonwoven filter media market in 2023
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