Global Air Filter Media Market Forecast 2024-2033: Estimated Market Size And Growth Rate
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The air filter media market has experienced robust growth, advancing from $4.28 billion in 2023 to $4.55 billion in 2024, reflecting a compound annual growth rate (CAGR) of 6.5% during the historic period. Contributing factors to this growth include concerns about air quality, the implementation of stringent environmental regulations, the ongoing processes of industrialization and urbanization, increased penetration of HVAC systems, and a rise in automotive production amid overall economic growth. Moving forward, the air filter media market is expected to sustain its strength, reaching $6.04 billion in 2028 with a CAGR of 7.3%. Anticipated growth drivers in this period include concerns about airborne diseases, a heightened focus on indoor air quality, the flourishing e-commerce sector, the growth of electric vehicles, and compliance with energy efficiency regulations. Noteworthy trends during the forecasted period involve technological advancements in filtration media, upgrades and retrofits of HVAC systems, the emergence of sustainable and eco-friendly solutions, the integration of smart air filtration technologies, and customization tailored to specific applications.
The decrease in the quality of air globally is expected to contribute to the growth of the air filter media market during the forecast period. Air pollution causes dangerous health problems such as cardiovascular, respiratory diseases, and cancers. According to the US Environmental Protection Agency’s national ambient air quality standards, exposure to very fine particulate matter known as PM2.5 is considered safe as long as the person breathes an average of 12 micrograms per cubic meter of air or less per day. For instance, according to the 2021 World Air Quality Report, out of 117 countries, regions, and territories, 16 have exceeded 10 times of standard micrograms per cubic meter metric, and 20 exceeded 7 to 10 times of standard metric of micrograms per cubic meter. Therefore, the decrease in the quality of air globally boosted the demand for air filters or purifiers and this, in turn, drives the growth of air filter media market during the forecast period.
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What Are The Key Trends That Influence Air Filter Media Market Share Analysis?
Filter media manufacturers are increasingly using nanofibers or nano-coating to enhance dust separation efficiency. For instance, Mann + Hummel developed nanofiber-coated filter media for commercial vehicle air filters, achieving up to 99.99% separation efficiency for fine particles. Similarly, AWA Paper & Technological developed Nanowoven, a base filter media combined with a nanofiber web, which efficiently captures extremely fine carbon dust and extends the filter’s service life.
Which Market Players Are Driving Growth In The Air Filter Media Market?
Major companies operating in the air filter media market report are Minnesota Mining and Manufacturing Company, Cummins Inc., Toray Industries Inc., Parker Hannifin Corporation, Berry Global Group, Freudenberg Group, Mann+Hummel, Lennox International Inc., Donaldson Company Inc., Ahlstrom-Munksjo, American Air Filter Flanders, Elta Group, Filtration Group Corporation, Lydall Inc., Camfil Group, Calgon Carbon Corporation, Nederman Holding AB, Hollingsworth & Vose Private Lim Ited, Johns Manville, Clean & Science, Fibertex Nonwovens A/S, Flanders/CSC Corporation, Schweitzer-Mauduit International Inc., Porvair Filtration Group, Koch Filter Corporation, The Cary Company, Airex Filter Corporation, Superior Felt And Filtration LLC., Permatron Corporation, AIM Nonwovens And Interiors Private Limited, High Voltage Distribution System company, Innovatec India Private Limited, Irema, Sandler LLC, Bayerische Wollfilzfabriken KG Envirotec, K&N Engineering Inc., A.L.Filter Ltd., Pure Air Filtration LLC, Blueair AB, Purafil Inc., Filtrair BV
How Is The Global Air Filter Media Market Segmented?
The air filter media market covered in this report is segmented –
1) By Type: Nonwoven Fabrics, Fiberglass, Filter Paper
2) By Grade: HEPA, MERV, ULPA
3) By Application: HVAC, Air Purifier, Face Mask, APC, Industrial Manufacturing, Transportation
4) By End-Use: Food & Beverage, Metal & Mining, Chemical, Pharmaceutical, Power Generation, Other End-Users
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The Air Filter Media Global Market Report 2024 provides an overview of the air filter mediamarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The air filter media market forecast analyzes air filter media market size, air filter media market share, leading competitor and their market positions.
The Table Of Content For The Air Filter Media Market Include
1. Air Filter Media Market Executive Summary
2. Air Filter Media Market Segments
3. Air Filter Media Market Size And Template Market Growth Rate
4. Key Air Filter Media Market Trends
5. Major Air Filter Media Market Drivers
……
25. Key Mergers And Acquisitions In The Air Filter Media Market
26. Top Air Filter Media Companies
27. Air Filter Media Market Opportunities And Strategies
28. Air Filter Media Market, Conclusions And Recommendations
29. Appendix
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