Nonwoven Filter Media Market Size, Share, Trends and Forecast 2015

The global nonwoven filter media market is expected to reach USD 7.18 billion by 2022. 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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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,...