Global Nonwoven Filter Media Market To Be Worth $3.5 Billion In 2015
January 14, 2011
Wellesley, Mass. – According to a new technical market research report, NONWOVEN FILTER MEDIA: TECHNOLOGIES AND GLOBAL MARKETS (AVM043C) from BCC Research (www.bccresearch.com), the global market value for nonwoven filter media was an estimated $2.5 billion in 2010, but is expected to increase to more than $3.5 billion in 2015, for a 5-year compound annual growth rate (CAGR) of 7%.
Nonwoven materials are used worldwide in a variety of applications, including construction, apparel, hygiene products, wet wipes, medical dressings, automotive end uses, geotextiles, home furnishings, and filtration. The combined global market value for nonwovens employed in all end uses is worth approximately $21 billion in 2010. Nonwoven media used in filtration applications make up about 12% of the total nonwovens market, or a value of $2.5 billion.
This figure includes nonwoven filter media manufactured by five types of production: airlaid, wetlaid, spunbonding, meltblowing, and apertured film extrusion processes, and for several different applications in air, gas, and liquid filtration. End uses for nonwoven filter media are water filtration; HVAC applications; liquid, air, and gas filtration in transportation; food and beverage processing; manufacturing; healthcare; petroleum processing; and air, gas, and liquid filtration for the high-technology industry.
By application, water filtration continues to be the largest market sector, and still offers opportunities for market growth. The use of filter media as membrane support material is an especially vibrant application in this segment since world markets for membrane-based desalination, wastewater treatment, and water recycling are increasing quickly.
This report covers the technological, economic, and business considerations of the nonwoven filter media industry with analyses and forecasts provided for global markets. Included in the report are descriptions of market forces relevant to the nonwoven filter media industry and their areas of application.
The information presented in this study is important to members of the financial community who must understand, assess, and rate the effects of forthcoming changes in the nonwoven filter media industry on the financial performance of the companies active in this market segment. It also will help decision makers targeting major nonwoven filter media consumers, such as the companies involved in water filtration, utilities, HVAC designers, automobile and manufacturing industry filtration system designers, and food processing industry participants.
Source: BCC Research
Nonwoven Filter Media: Technologies and Global Markets( AVM043C )
Publish Date: January 2011
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