The market for nonwovens for filtration is forecast to grow from $3.5 billion in 2014 to $4.6 billion in 2019 at a compound annual growth rate of 5.6%, according to a new market study by Smithers Apex.
The slow and uneven recovery of global economies from the recent recession has had a significant impact upon the growth of nonwovens for filtration. With some of the key markets in automotive and construction still growing slowly in some regions, nonwovens use in filtration has had to aggressively replace older filter media materials, like paper and textiles, as well as enhance its own performance in order to maintain growth at 5.6%.
A new study from Smithers Apex – The Future of Nonwovens for Filtration to 2019 – shows how the market for nonwovens for filtration is growing both because of the overall growth in the filtration market but also because of the replacement of both textile and paper filter media. Despite the uneven recovery from recession, the filtration market as a whole has still seen positive growth due to some of the key end uses for filter media being driven by the increasing demand for cleaner water and air, for protection against pandemic diseases, and for energy conservation.
One of the key ways the market for filtration can be broken down is based on the physical state of the material to be filtered, either air/gas or liquid. It is necessary to make this distinction because the construction of the complete filter is very different based on the environment of the filter; a liquid immersed filter and filter media has requirements very different from one in dry air.
Source: Smithers Apex
Although air/gas filter media makes up the larger share of global nonwoven consumption for filter media, liquid filter media, driven by the large and increasingly performance driven automotive/transportation end use, is consistently growing faster than air/gas filter media.
Based on extensive primary research, The Future of Nonwovens for Filtration to 2019 identifies key market drivers and trends for nonwoven filter media and quantifies the market for nonwovens in filtration by process technology, raw material base, end use market, and geographical region. This study presents exclusive forecasts based on expert insight, providing an essential strategic planning tool for anyone involved in this market.
The Future of Nonwovens for Filtration to 2019 is available now for £3,950. For more information, please contact Stephen Hill at +44 (0) 1372 802025, or via e-mail firstname.lastname@example.org.