San Francisco, California, June 12, 2015 (GLOBE NEWSWIRE) -- The global nonwoven filter media market is expected to reach USD 7.18 billion by 2022, according to a new study by Grand View Research, Inc. Increasing requirement for access to purified drinking water is expected to remain a key driving factor for global nonwoven filter media market. Rising particulate matter content in air due to uncontrolled carbon emissions from automobiles, factories and power generation plants has also prompted the increased use of nonwoven filter media. Favorable environmental regulations by EPA and EEA are also expected to have a positive influence on the market growth.
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Spunbond was the leading nonwoven filter media technology and accounted for 39.6% of total market revenue in 2014. Spunbonding has been traditionally used for nonwoven filters that constitute of polypropylene, polyester, and bicomponent fibers. High operational speed and better efficiency compared to other technologies have been instrumental in spunbond nonwoven filter media market growth since last few years. Meltblown is expected to register highest CAGR over the next seven years on account of its ability to produce nonwovens of minute diameters up to 0.1 micrometers. The technology is expected to witness a growth of 8.2% from 2015 to 2022.
Further key findings from the study suggest:
- Global nonwoven filter media market was valued at USD 3,991.4 million in 2014 and is expected to reach USD 7,178.3 million by 2022, growing at a CAGR of 7.6% from 2015 to 2022.
- Transportation was the leading application segment and accounted for 21.2% of total market revenue in 2014. Increasing regulatory intervention to reduce carbon emissions from automobiles is expected to remain a key driving factor for this segment over the forecast period. Growing automotive after-sales market is also expected to have a positive impact on nonwoven filter media demand in transportation industry. Additionally, increasing passenger car sales and subsequent emission norms along with increasing filter media application in fuel systems is expected to further complement the global market growth.
- Asia Pacific was the largest regional market and accounted for 32.7% of global revenue in 2014. Asia Pacific is also expected to witness the highest growth rate with meltblown nonwoven filter media being the most lucrative segment. Increasing application in healthcare and advanced filtration technologies along with food & beverages and water filtration are expected to drive Asia Pacific market over the forecast period.
- Major companies operating in the global nonwoven filter media market include Donaldson Company, Honeywell International, Toyobo Corp., Ahlstrom Corp., Delstar Technologies, Freudenberg & Co., Eagle Nonwovens Inc., Hanes Company Inc., Pegas Nonwovens, Clarcor Corporation and Norafin Inc.
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For the purpose of this study, Grand View Research has segmented the nonwoven filter media market on the basis of technology, application and region:
Global Nonwoven Filter Media Technology Outlook (Revenue, USD Million, 2012 - 2022)
Global Nonwoven Filter Media Application Outlook (Revenue, USD Million, 2012 - 2022)
- Water Filtration
- Food & Beverages
- Advanced Technology
- Hydrocarbon Processing
Global Nonwoven Filter Media Regional Outlook (Revenue, USD Million, 2012 - 2022)
- North America
- Asia Pacific
- Middle East & Africa
- Central & South America
Browse to access more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
This Market research report by Grand View Research can also be accessed @ https://www.linkedin.com/pulse/nonwoven-filter-media-market-reach-718-billion-2022-sherry-james?trk=mp-reader-card
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Source:Grand View Research