Research Nester published a report titled “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 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.
There are various types of air filtration media systems that are used for providing a hygienic and sterile environment in various industries such as healthcare and food. Based on these attributes, there is a high demand for high-efficiency air filtration media systems in hospitals and hotels such as HEPA filters that have the capacity to filter even the smallest particles of size 0.3 microns, thereby creating notable growth opportunities related to the growth of global air filtration media systems market. The global market accounted for USD 3621.17 Million in 2019 and is estimated to grow at a CAGR of 7.44% during the forecast period, i.e., 2020-2028.
The global air filtration media market is segmented by end-user into industrial, commercial, and residential applications. Among these segments, the residential segment in the global air filtration media market is estimated to grow with the highest CAGR of around 8.58% and is estimated to be the leading revenue generating segment during the forecast period. Geographically, the global air filtration media market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, out of which, the market in Asia Pacific held the leading market value of around USD 1332.23 Million in 2019 and is further estimated to hold this position throughout the forecast period. The growth in this region can be attributed to rising air pollution levels in the developing countries of the region along with the improved focus on promising policy initiatives for sustainable development.
Growing Demand for HEPA Filters for Use in Industrial Sector
According to the analysis of the World Health Organization (WHO), it is estimated that the bulk of the global population is exposed to poor-quality air; air pollution is responsible for death of seven million people in the world every year.
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The rising adoption of HEPA filters for controlling microbial contamination in pharmaceutical clean rooms, hospitals, hotels, restaurants, and others is estimated to boost the growth of the market in upcoming years. Moreover, the growth in industries to fulfill the needs of increasing population, thus boosting the demand for air filtration media systems for mitigating air pollution, are some of the additional indicators that are estimated to contribute to the growth of the market.
However, the high costs of air filtration media is anticipated to operate as key restraint to the growth of global air filtration media market over the forecast period.
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, Glatfelter Corporation (NYSE: GLT), and Sandler AG. 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.
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