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NEW YORK , Aug. 25, 2022 /PRNewswire/ -- The NONWOVEN FILTER MEDIA MARKET value is set to progress at a CAGR of 6.45% from 2021 to 2026, as per the latest report by Technavio. The Y-O-Y growth rate of 2022 is estimated at 5.67%. The increasing use in HVAC systems is notably driving the nonwoven filter media market growth, although factors such as limitations of nonwoven filter media products in energy applications may impede the market growth. Moreover, the Development of high-efficiency filters is one of the key nonwoven filter media market trends that is expected to impact the industry positively in the forecast period.
The nonwoven filter media market share growth in the transportation segment will be significant during the forecast period. Sustained economic growth, growing industrialization, infrastructure development, and an increase in disposable income are likely to boost the demand for motor vehicles. This, in turn, is expected to generate demand for nonwoven filter media in the coming years.
42% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for nonwoven filter media in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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The nonwoven filter media market is fragmented, and the vendors are deploying growth strategies such as product innovation to compete in the market. For instance, 3M CO. offers thermally bonded nonwoven that is used as a core component in water, dairy, air, and chemical filtration systems whose densification minimizes residual fibers and provides fully customizable options. In December 2020 , the company partnered with eMurmur.
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Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our report covers the following areas:
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Nonwoven Filter Media Market Scope
Accelerate at a CAGR of 6.45%
APAC, North America, Europe, South America, and Middle East and Africa
US, Canada, China, Japan, and Germany
Leading companies, competitive strategies, consumer engagement scope
3M Co., Ahlstrom Munksjo Oyj, Aim Nonwovens and Interiors Pvt. Ltd., Apextech Fiber Corp., Arrow Technical Textiles Pvt. Ltd., Berry Global Group Inc., Cerex Advanced Fabrics Inc., DuPont de Nemours Inc., Fitesa SA, Freudenberg SE, Ginni Spectra Pvt. Ltd., Johns Manville, Kimberly Clark Corp., Lydall Inc., M M HYDRO PNEUMATICS Pvt. Ltd., Park Industries, Sandler AG, Schweitzer Mauduit International Inc., Tulip Fabrics Pvt. Ltd., and TWE GmbH and Co. KG
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.
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