Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
IN THE NEWSIn March 2021, Donaldson Company, Inc. announced its new product “Ultrapac” smart dryer. This dryer would be used for the compressed air filtration process. The dryer decreases the compressed air moisture and helps in extending the life of filters and equipment, which provides lowered plant maintenance costs.
In June 2020, Lydall, Inc announced the investment in additional fine fiber meltblown asset in response to the rapid increase in domestic and global demand for specialty filtration media for face masks. This new production line will help Lydall boost its capabilities for producing high-quality fine fiber meltblown filtration media for N95, surgical and medical face masks & to significantly increase its supply and help recover the shortage of meltblown materials, both in the U.S. and globally.
In February 2020, SWM International announced the supply of advanced nonwoven materials for the suppliers and manufacturers of face mask to meet the global challenge caused by the coronavirus outbreak. The “Delpore meltblown media” and “Delnet aperture film” as supplied by the company are widely used in face masks due to their excellent breathability without sacrificing Bacterial Filtration Efficiency (BFE).
The global air filtration media market attained revenue of USD 4,242.13 Million in 2021 and is estimated to garner USD 6,956.89 Million in 2028 by growing at a CAGR of 7.44% over the forecast period i.e., 2020-2028. The growing industrialization has resulted in increase in urbanization and economic development. This increased industrialization has created a demand for industrial air filters due to the rise in air pollution and decreased air quality across the globe. According to the World Health Organization (WHO), it is estimated that the majority of the world's population is exposed to unsafe air; air pollution kills seven million people in the world every year. Air filtration media is one of the markets with most potential for development since it involves industrial processes and emission control. This focus to curb pollution is expected to increase the demand for air filters, which in turn drives the air filter media market. The increasingly stringent standards and regulations for health and safety drive the demand for air filter products that limit harmful emissions from various end-users such as commercial, industrial and residential. For instance, integrated pollution prevention and control (IPPC) regulations set the value to limit the emissions. The permit can be issued to companies if specific environmental conditions are met, allowing companies to assume responsibility for avoiding and mitigating pollution that could affect air quality. As a result, companies begin to use particulate air filters to eliminate these issues related to the environment, which further drives the market for air filter media. The Clean Air Act also provides the authority to Environmental Protection Agency (EPA) to reduce emissions of air pollutants from sources such as chemical plants, utilities, and steel mills. Furthermore, the individual states or tribes may have more strict air pollution laws than EPA.
Regionally, the global market is segmented into five major regions comprising North America, Asia Pacific, Europe, South America, and Middle East & Africa. Among the markets in these regions, the Asia Pacific air filtration media market is estimated to hold leading market share throughout the forecast period by attaining a revenue of USD 1,609.5 Million in 2021 and USD 2,919.8 Million in 2028, and growing at a CAGR of 9.01%. China in the Asia Pacific region is expected to garner a revenue of USD 934.5 Million in 2021 while the number for Japan is projected to be USD 269.7 Million for the same year. North America market is projected to hold second leading stance by garnering a revenue of USD 1,134.1 Million in 2021 and USD 1,719.7 Million in 2028 owing to the increasing application of air filtration media in the primary industries, including healthcare. In North American region, the United States is projected to generate significant growth opportunities for the market growth by attaining a revenue of USD 992.4 Million in 2021 while Canada is projected to reap USD 141.7 Million in revenue during the same year. The growing spread of infectious diseases coupled with rising air pollution levels in the atmosphere due to industrialization & urbanization in some areas has created major opportunities for the growth of the air filtration media market. Besides, the production of vehicles in North America is gradually increasing. In 2010 total vehicles produced were 98, 11,282, which rose to 1, 27,96,604 in the year 2019. Vehicles are one of the major sources of air pollution. As a result, the requirement for air filtration media in the automotive manufacturing sector has increased significantly. Clean Air Act 1970, in North America, has imposed significant guidelines to decrease the level of toxicity in the atmosphere. Thus, the end-user industries, including healthcare, automotive, manufacturing, equipment handling, and others, are adopting technologically advanced air filtration media to supply purified air in the atmosphere. Additionally, the presence of major players in this region has created significant growth opportunities for the market. The players are developing new strategies and ideas to introduce better products in the market. The Asia Pacific region accounts for a substantial share on the back of extremely high level of toxic air quality in some of the Asian countries such as India, Pakistan, and others. China is the leading country in this region for this market, on the back of surged up customer expenditure, growing economic growth, and transitioning spending behavior of the key players. Additionally, promising policy involvements coupled with supportive sectoral improvements supporting the incorporation of sustainable and environmentally friendly components are expected to intensify the industry growth. This is estimated to drive market growth in the region. Additionally, the market in Latin America accounted for around USD 393.06 Million in 2021 and is estimated to witness growth in upcoming years. CLICK TO DOWNLOAD SAMPLE REPORT
The global air filtration media market is segmented by filter type into activated carbon, non-woven fabrics, electrostatic filter, fiberglass, and others, and by end-user, the market is segmented into industrial, commercial, and residential applications. Under filter type, the activated carbon segment accounted for highest share throughout 2019-2028, and is further estimated to hold this position and attain 45.91% of the market share in 2021. The activated carbon segment attained revenue of USD 1,947.91 Million in 2021 and is estimated to garner USD 3,377.30 Million in 2028. Activated carbon filters are widely used to separate components of gas through pressure using adsorption phenomena. Additionally, it has unique properties that allow it to remove volatile organic compounds (VOCs), odors, and other gaseous pollutants from the air. Such factors are boosting the demand for activated carbon filters in the market. Among the end-users, the commercial segment is estimated to garner highest market revenue by the end of 2028 owing to the surge in demand for air filtration from public venues, restaurants, workplaces that are investing to improve the air quality of their occupants. The commercial segment attained revenue of USD 1,888.94 Million in 2021 and is estimated to garner USD 3,111.33 Million in 2028. Additionally, different regions have different level of penetration of market segments. For instance, in North America, the market size for activated carbon segment and commercial segment were USD 425.64 Million and USD 481.81 Million, respectively. Additionally, in APAC, the market size for activated carbon segment and commercial segment were USD 841.74 Million and USD 748.79 Million, respectively.
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global air filtration media market that are included in our report are Schweitzer-Mauduit International, Inc., Cabot Corporation, Donaldson Company, 3M Company, Calgon Carbon Corporation, Lydall, Inc., and others.
FREQUENTLY ASKED QUESTIONS
The growing industrialization and urbanization along with rising demand for HEPA filters for industrial applications are the major factors responsible for the growth of the market.
The market is anticipated to attain a CAGR of 7.44% over the forecast period i.e., 2020-2028.
High ozone emissions via air filters and high associated costs with air filters is estimated to act as barriers to the market growth.
Asia Pacific is estimated to create notable growth opportunities for market growth over the forecast period.
The major players in the market are Schweitzer-Mauduit International, Inc., Cabot Corporation, Donaldson Company, 3M Company, Calgon Carbon Corporation, Lydall, Inc. among others
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by filter type, media type, reusability, grade, application, providers, and end-user.
The commercial segment is anticipated to hold largest market size in value and is estimated to display significant growth opportunities.
Global Air Filtration Media Market
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