In its new report, Nonwoven Filter Media: Technologies and Global Markets, BCC Research reveals the global market for nonwoven filter media is expected to increase to $5.7 billion by 2019, with a five-year compound annual growth rate (CAGR) of 7.3%. The nonwovens in the healthcare category, the fastest growing segment, are moving at a healthy 10.3% CAGR.
 
According to BBC Research, ongoing demand for purer air and cleaner water is driving significant growth in the filtration market, which comprises a wide range of materials from sophisticated membranes and open cell polyurethane foams to ceramics and metals to coarse, porous materials to nonwovens media. In addition, filtration media technologies are increasingly playing a vital role in addressing the problem of diminishing oil and gas availability within the U.S. and elsewhere.
 
Developing consumer awareness of product safety, water purity and air quality, and their long-term effects on human health are prompting new technological trends in the filtration industry. According to UNESCO (United Nations Educational, Scientific and Cultural Organization), there are still around 900 million people without adequate access to safe drinking water around the world, indicating a key role for nonwovens and other filter media in working to resolve this issue in the years to come. As a result, the water filtration category, the largest sector of the overall market, is predicted to reach $1.2 billion in 2019 and register a significant 8.5% CAGR.
 
Meanwhile, expanding need for adequate air filtration in healthcare facilities, nursing homes, and clinics is driving tremendous growth in the healthcare category. Consequently, the healthcare segment of market, which was valued at just $422 million in 2013, is anticipated to jump to $761 million by 2019.
 
“Over the next five years, the strongest growth for nonwoven filter media will certainly be in the Asia-Pacific region,” says BCC Research advanced materials analyst Adrian Wilson. “New power plants—particularly in China—will be a very important market for nonwoven media for air filtration, as will that for automotive filters, as the planet’s car population continues to soar. Nonwoven filter sales in the pharmaceutical manufacturing segment are anticipated to see especially rapid growth across most world regions. Although not at quite as high a rate, purchases of filters in the HVAC sector are also rising worldwide. Another good growth market is in the filtration of waste streams from oil and gas production.”
 
The report will provide an overview of the global market for nonwoven filter media and related technologies. It includes analyses of global market trends, with data from 2013, estimates for 2014, and projections of CAGRs through 2019.
 
More info: http://www.bccresearch.com/market-research/advanced-materials/nonwoven-filter-media-technologies-markets-report-avm043e.html