Research Nester published a report titled “Global Air Filtration Media Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global air filtration media market in terms of market segmentation by filter type, media type, reusability, grade, application, providers, and by end-user.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
With the utilization of air filtration media systems for controlling emissions from industries and urban centers, the demand for air filtration media systems is estimated to grow in commercial, industrial and residential sectors. The global focus to curb air pollution is projected to boost the demand for air filters, which in turn, would contribute to the market’s growth. In 2019, the global air filtration media market garnered USD 3621.17 Million and by 2028, the market is estimated to touch USD 6956.89 Million by growing at a CAGR of 7.44% over the forecast period, i.e., 2020-2028. On the basis of filter type, the global market is divided into activated carbon, non-woven fabrics, electrostatic filter, fiberglass, and others, out of which, the activated carbon segment is estimated to grow with highest CAGR throughout the forecast period.
Regionally, the global air filtration media market is segmented into five major regions comprising North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market accounted for highest market value (USD 1332.23 Million) in 2019 and is further projected to grow significantly during the forecast period on the back of high demand for air filters in the region, given that there are extremely poor air quality levels in some of the Asian countries such as India, Pakistan, and others.
Strict Regulations for Emissions Control to Boost Market Growth
The strict policy framework to control pollution on a global level with growing priority to ensure health and safety is expected to drive the demand for air filtration media. For example, integrated pollution prevention and control (IPPC) regulations aim to control the emissions by mandating organizations to owe responsibility to minimize pollution from several industrial sources, thereby resulting in the growth of the market.
However, the increased emissions of ozone from air quality filters are estimated to negatively affect the growth of the market in upcoming years.
This report also provides the existing competitive scenario of some of the key players of the global air filtration media market which includes company profiling of Schweitzer-Mauduit International, Inc. (NYSE: SWM), Cabot Corporation (NYSE: CBT), Donaldson Company (NYSE: DCI), 3M Company (NYSE: MMM), Calgon Carbon Corporation, Lydall, Inc. (NYSE: LDL), Ahlstrom-Munksjo (HEL: AM1), Camfil AB (NYSE: DCI), Toyobo Co. Ltd. (TYO: 3101), Freudenberg Filtration Technologies SE & Co. KG, IREMA, and Johns Manville. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global air filtration media market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.