LONDON, July 17, 2018 /PRNewswire/ -- Report Scope
This report covers the technological, economic and business considerations of the nonwoven filter media industry with analyses and forecasts provided for global markets. Included in the report are descriptions of market forces relevant to the nonwoven filter media industry and their areas of application.
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Global markets are presented by type of nonwoven filter media along with growth forecasts through 2023. Estimates on sales value are based on the price in the supply chain at which the media are procured by filter fabricators or filtration system manufacturers.
Market-driving forces and industry structure are examined.International aspects are analyzed for all world regions and types of nonwoven filter media.
Brief profiles of major global manufacturers are presented.
Report Includes
- 45 data table and 54 additional tables
- An overview of global market of nonwoven filter media
- Analyses of global market trends, with data from 2017, estimates for 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Descriptions of the major types of manufacturing processes
- Discussion of market-driving forces and industry structure
- Comprehensive company profiles of major players in the market, including 3M, Filtration Group, Mann+Hummel, Berry Global Inc., Dowdupont, Glatfelter, Johns Manville and Sandler
Summary
There have been some huge mergers and acquisitions taking place in the global filtration industry within which nonwoven filter media play an important role in the past few years.
They include, for example, the $REDACTED billion acquisition of Pall Corp. by life sciences giant Danaher in 2015 and, more recently, the $REDACTED billion buy-out of Clarcor by Parker-Hannifin, followed by the $REDACTED billion creation of Suez Water Technologies and Solutions via the sale of GE Water and Process to Paris-headquartered Suez Environment for $REDACTED billion in 2017.
The major companies of the filtration industry continue to grow via bolt-on acquisitions, and profitability continues to rise in parallel to them being made.
In general, these companies are enjoying very high profit-to-turnover margins compared to other industries, and this has now attracted the attention of major corporations in other fields, in addition to venture capitalists. There were 35 significant filtration industry acquisitions announced during 2017 alone.
The majority of the major filtration companies are users of nonwoven filter media, often with proprietary filter media brands and backed up by in-house nonwoven developments, with or without the cooperation of third-party suppliers.
One factor that is making the filtration industry attractive to investors is an anticipation of opportunities arising from the needs of growing new industries, such as biopharmaceuticals, mega data centers and electric vehicles. Another is the consumable nature of much of its business, with up to 75% of the turnovers of some of the more profitable companies being in aftersales, across all sectors.
Nonwoven filter media are a key element of aftersales business, in many applications needing to be regularly replaced.
Megatrends also continue to impact on the growth of the global filtration industry, not least the demands for purer air and cleaner water, which are both the subject of ever-more-stringent legislation. There are also requirements for finer degrees of separation in industry—from hydraulic oils to semiconductor wash water—and for better hot exhaust gas filtration, as well as for higher energy efficiencies in all separation operations.
These challenges offer a wealth of opportunity to the filtration industry that incorporates a wide range of materials as filter media—from sophisticated membranes and open-cell polyurethane foams through to ceramics and metals, and even including coarse, porous materials such as sand, as well as nonwovens.
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