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Air Filter Media Global Market Estimated to Surge at a CAGR of 7.3% to Reach $6.04 Billion By 2028
Air Filter Media Global Market
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According to The Business Research Company's, The air filter media market size has grown strongly in recent years. It will grow from $4.28 billion in 2023 to $4.55 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to air quality concerns, stringent environmental regulations, industrialization and urbanization, HVAC system penetration, rise in automotive production, economic growth.
The air filter media market size is expected to see strong growth in the next few years. It will grow to $6.04 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to airborne disease concerns, focus on indoor air quality, e-commerce boom, electric vehicle growth, energy efficiency regulations. Major trends in the forecast period include technological advancements in filtration media, HVAC system upgrades and retrofits, sustainable and eco-friendly solutions, smart air filtration technologies, customization for specific applications.
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Market Drivers and Trends:
The decrease in the quality of air globally is expected to contribute to the growth of the air filter media market during the forecast period. Air pollution causes dangerous health problems such as cardiovascular, respiratory diseases, and cancers. According to the US Environmental Protection Agency's national ambient air quality standards, exposure to very fine particulate matter known as PM2.5 is considered safe as long as the person breathes an average of 12 micrograms per cubic meter of air or less per day. For instance, according to the 2021 World Air Quality Report, out of 117 countries, regions, and territories, 16 have exceeded 10 times of standard micrograms per cubic meter metric, and 20 exceeded 7 to 10 times of standard metric of micrograms per cubic meter. Therefore, the decrease in the quality of air globally boosted the demand for air filters or purifiers and this, in turn, drives the growth of air filter media market during the forecast period.
Filter media manufacturers are increasingly using nanofibers or nano-coating on the filter media to increase the efficiency of dust separation. For instance, Mann + Hummel, a manufacturer of filter and filter media has developed nanofiber coated filter media for highly effective separation of fine particles and efficiency of up to 99.99%. This filter is used in commercial vehicle air filters. Similarly, AWA Paper & Technological developed Nanowoven, a base filter media that is combined with a nanofiber web and this helps in capturing extremely fine carbon dust efficiently and it also increases the service life of the filter.
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Major Key Players of the Market:
Minnesota Mining and Manufacturing Company, Cummins Inc., Toray Industries Inc., Parker Hannifin Corporation, Berry Global Group, Freudenberg Group, Mann+Hummel, Lennox International Inc., Donaldson Company Inc., Ahlstrom-Munksjo, American Air Filter Flanders, Elta Group, Filtration Group Corporation, Lydall Inc., Camfil Group, Calgon Carbon Corporation, Nederman Holding AB, Hollingsworth & Vose Private Lim Ited, Johns Manville, Clean & Science, Fibertex Nonwovens A/S, Flanders/CSC Corporation, Schweitzer-Mauduit International Inc., Porvair Filtration Group, Koch Filter Corporation, The Cary Company, Airex Filter Corporation, Superior Felt And Filtration LLC., Permatron Corporation, AIM Nonwovens And Interiors Private Limited, High Voltage Distribution System company, Innovatec India Private Limited, Irema, Sandler LLC, Bayerische Wollfilzfabriken KG Envirotec, K&N Engineering Inc., A.L.Filter Ltd., Pure Air Filtration LLC, Blueair AB, Purafil Inc., Filtrair BV
Air Filter Media Market 2024 Key Insights:
• The air filter media market size is expected to see strong growth in the next few years. It will grow to $6.04 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.
• Surge In Air Pollution Propels Growth In The Air Filter Media Market
• Innovative Nanofiber Solutions Transforming Filter Media Efficiency
• Asia-Pacific was the largest region in the air filter media market in 2023
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