The report "Impact of Covid-19 on Air Filter Media Market by Type (Nonwoven Fabrics, Fiberglass, Filter Paper), End-use Industry (Food & Beverage, Metal & Mining, Chemical, Pharmaceutical, Power Generation), and Region - Global Forecast to 2021", size is projected to grow from USD 710 million in 2020 to USD 738 million by 2021, at a Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period. Factors governing the air filter media market include growing industrialization and urbanization in APAC region, necessity for safe working environment at production sites and the growing demand for respiratory devices and face masks to prevent the transmission of Covid-19 virus.
Based on end-use industry, the food & beverage industry is expected to lead the air filter media market during the forecast period. The use of air filter media in this industry is increasing to maintain better food quality, control odor & humidity and minimize airborne contamination to food & beverage. The advent of Covid-19 pandemic has also seen demand shift due to the lockdown as restaurant traffic has decreased and e-commerce deliveries increased.
The air filter media market in APAC is expected to be the largest during the forecast period. APAC has a large manufacturing base for medical instruments, equipment, and devices. Increasing requirement of these medical supplies and equipments 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.
