How much is that filter worth?

According to a new report from Business Communications, the North American market value of five types of nonwoven filter media is nearly $563 million. According to the report, called Growing Markets for Nonwoven Filter Media, the market is expected to grow at an AAGR (average annual growth rate) of 5.2% resulting in a $725 million market by 2007.

The textile technology based airlaid manufacturing process is probably the simplest nonwoven filter media manufacturing process. The market size for airlaid filter media was estimated to be $42 million in 2002. Though it is a relatively mature filter media production technology, it is expected to grow at an AAGR of 5.5% during the forecast period to $55 million. The top three leading applications for airlaid filter media include HVAC, manufacturing and transportation.

Liquid filtration applications consumed the majority of the wetlaid filter media manufactured in the North America in 2002. Business Communications estimates that the market size for wetlaid filter media was $125 million in 2002, and that the market will grow at an AAGR of 3.4% through the forecast period to reach $148 million by 2007. In several commercial applications, extruded filter media such as spunbonded or meltblown materials are replacing wetlaid media. Therefore, the anticipated growth of wetlaid media will be relatively lower than the overall nonwoven filter media markets.

In 2002, the sales of spunbonded filter media was $183 million and accounts for over one third of overall nonwoven filter media markets. The report forecasts that the markets for spunbonded media will grow to $237 million by 2007, and the growth of spunbonded filter media markets will mirror that of overall nonwoven filter media markets.

Meltblown filter media has the second highest market share of the overall nonwoven filter media markets. The market for meltblown filter media was estimated to be $154 million in 2002 and was projected to grow to $206 million by 2007, representing an AAGR of nearly 6%. The majority of meltblown filter media is used in the HVAC applications followed by manufacturing and transportation industry segments.

The primary uses of apertured films in the nonwoven filter media markets are for membrane support and as a casting host. The market size for extruded apertured films in North America was expected to be $59 million in 2002. Primary consumers of the apertured films include water filtration and healthcare application industries. The market size for apertured films is projected to grow at an average annual rate of 6% to $79 million during the forecast period.

The full report, published this month, is available for $3850.