The Air Filter Media Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Air Filter Media Global Market Report 2024, The air filter media market size has grown strongly in recent years. It will grow from $4.28 billion in 2023 to $4.55 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to air quality concerns, stringent environmental regulations, industrialization and urbanization, HVAC system penetration, rise in automotive production, economic growth.
The air filter media market size is expected to see strong growth in the next few years. It will grow to $6.04 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to airborne disease concerns, focus on indoor air quality, e-commerce boom, electric vehicle growth, energy efficiency regulations. Major trends in the forecast period include technological advancements in filtration media, HVAC system upgrades and retrofits, sustainable and eco-friendly solutions, smart air filtration technologies, customization for 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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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
Major companies operating in the air filter media market are increasing their focus on introducing high-performance filter media to gain a competitive edge in the market. High-performance filter media are advanced materials designed to filter air or liquid with superior efficiency, capacity, and durability. For instance, in February 2023, Ahlstrom Oyj, a Finland-based filtration company, launched a new range of high-performance filter media for heating, ventilation, and air conditioning (HVAC) systems. This new range provides longer filter lifetimes and reduces environmental impact, protecting people and equipment in enclosed environments. The product range covers options from ISO Coarse 85% to ISO ePM1 80% rating (ISO16890:2016) in both standard and high-permeability versions. All products have limited flow restriction and extended dust-holding capacity with excellent mechanical resistance, even in wet conditions.
The air filter media market report table of contents includes:
1. Executive Summary
2.Air Filter Media Market Characteristics
3.Air Filter Media Market Trends And Strategies
4.Air Filter Media Market analysis
5. Air Filter Media Market Size And Growth
6.Air Filter Media Segmentation
7. Air Filter Media Regional And Country Analysis
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27. Air Filter Media Competitive Landscape And Company Profiles
28.Air Filter Media Key Mergers And Acquisitions
29. Air Filter Media Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Minnesota Mining and Manufacturing Company
- Cummins Inc.
- Toray Industries Inc.
- Parker Hannifin Corporation
- Berry Global Group
- Freudenberg Group
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