Global Nonwoven Filter Media Market Outlook (2015-2022)

NEW YORK, Feb. 11, 2016 /PRNewswire/ -- The Global Nonwoven Filter Media Market accounted for $3.42 billion in 2014 and expected to grow at a compound annual growth rate (CAGR) of 11.35% reaching $8.08 billion in 2022. Increasing end user awareness concerning health issues vis-à-vis product safety, air quality, water purity etc are influencing the market. Technological advancements in both, the product and application segments would create opportunities for development in the global market. Still, an adverse regulatory environment, particularly concerning applications that involve the use of nonwoven filter media is hindering the market growth.

The global nonwoven filter media market is segmented on technology types, application and region. Depending on the applications type the market is segmented into three types namely Airlaid, Wetlaid, and Spun bonding, melt blowing and Apertures films extrusion. Based On applications nonwoven filter market is divided into Transportation, Manufacturing, Advanced Technology. Geographically nonwoven filter media market is segmented into four regions they are North America, Europe, Asia Pacific and Rest of the World (Row).North America and Europe are fully developed maret. North America is expected to have better growth as compared to Europe. Asia market is the largest market across the globe. Growing awareness of nonwoven filter media market in Asia and Rest of the World (ROW) is expected to growth the global market for nonwoven filter media market.

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SOURCE Reportlinker

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