According to an Allied Market Research report on air filtration media, the global air filtration media market accounted for $3.57 billion in 2018 and is projected to reach $5.34 billion by 2026.
Rise in demand for air filters in the healthcare industry, increase in awareness and sensitivity toward air pollution, and degradation of air quality to increase focus on curbing air pollution are the major drivers of the global air filtration media market, says the report.
It’s not necessarily all positives, though.
High capital and operating cost and decline in number of new coal power plants are potential problems for growth.
Yet, a high focus on nanotechnology for air filtration is expected to create lucrative opportunities in the near future.
Face mask segment to portray fastest CAGR by 2026
The face mask segment to register the fastest CAGR of 7.4% during the forecast period, owing to increased demand for air filter media for manufacturing reusable and disposable anti-pollution face masks due to the rise in pollution level in many areas of the globe.
However, the transportation segment dominated the market in 2018, contributing around one-third of the market, owing to adoption of synthetic fibers such as polyurethane-based adhesive filter, and gasoline particulate filter and expansion of automotive sector globally. — Allied Market Research report
Spunbond segment dominated market
The Spunbond segment held the largest share in 2018, contributing more than one-fourth of the market, owing to its versatile nature, random fibrous structure, and high tear strength.
However, the meltdown segment is projected to register the fastest CAGR of 6.4% during the forecast period, owing to its features like anti-microbial, pore size distribution, thermal insulation, high strength, and absorbance. — Allied Market Research report
Major air filtration media market players
The global air filtration media market report includes an in-depth analysis of the major market players such as 3M, AIM Nonwovens and Interiors Private Limited, Ahlstrom-Munksjo, Air filters, Inc., Calgon Carbon Corporation, Berry, Cabot Corporation, Donaldson Company, Inc, Clean & Science, Innovatec, Irema, Elta Group, H&V, HVDS, Lydall, Johns Manville, Permatron Corporation, Sandler, Porvair Filtration Group, Schweitzer-Mauduit International, Inc, Superior Felt And Filtration, LLC, and Toray. — Allied Market Research report