Air Filter Media Market Set for Moderate Growth in Near Term

The global air filter media market size to rise from USD 710 million in 2020 to USD 738 million by 2021, at a CAGR of 3.9% during the forecast period. Air filter media are fabric materials which are used for filtration purposes of solid particles such as dust, pollen, mold, and bacteria from the air. The rise in demand for air purification and control for transmission of virus, among others are the major factors driving the air filter media market during this crisis period.

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On the basis of type, the nonwoven fabrics segment is expected to be the largest market for air filter media. Nonwoven fabrics in air filter media offers high strength, absorbency, resilience, resistance to mechanical deformation and elasticity due to which they are driven in major industries such as automotive, agriculture, engineering and pharmaceutical. The demand in pharmaceutical industry has increased owing to the need for finding solutions and limit the spread of Covid-19 virus.

Based on end-use industry, the food & beverage industry is expected to grow at the highest CAGR for the air filter media market during the forecast period. The air filter media in this industry is used to maintain better food quality, control odor & humidity and minimize airborne contamination to food & beverage. The advent of Covid-19 pandemic has also seen an increase in safety regulations for filtration of air particulates in the food & beverage manufacturing facilities. The industry has also experienced demand shift due to the lockdown as restaurant traffic has ceased but e-commerce deliveries increased.

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Based on region, the air filter media market is segmented into four regions, namely, North America, Asia Pacific (APAC), Europe, and Rest of World. APAC is expected to be the largest and fastest growing market for air filter media in the world during the forecast period. APAC has a large manufacturing base for medical instruments, equipment, and devices. Increasing requirement of these medical supplies from other COVID effected economies is boosting the production of air filter media in the region. In addition, APAC has a growing urbanization and industrialization base which is driving the air filter media market as it is an essential requirement for industrial processes and emission control.

Ahlstrom-Munksjo (Finland), Lydall, Inc. (US), Valmet (Finland), 3M (US), Freudenberg Filtration Technologies (Germany) and Camfil (Sweden) are some of the leading air filter media market players.

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