The global melt blown polypropylene filter market is expected to grow significantly at a healthy growth rate during the forecast because of its wide applications in the oil and gas sector. They are used in refining procedures of crude oil. According to the data published by International Energy Agency in 2017, oil production is expected to increase worldwide in the next few years. Furthermore, approximately 7 million barrels a day of extra refining capacity is expected to come online by 2023. The Organization of the Petroleum Exporting Countries is also anticipated to add a capacity of approximately 750,000 barrels a day by 2023. Thus, escalating demand for refining processes in the oil and gas sector will likely remain a key factor for market growth.
Data Bridge Market Research shows that Melt Blown Polypropylene Filter Market accounted for USD 2.06 billion in 2021 and is expected to reach USD 4.04 billion by 2029. The market is expected to grow with a CAGR of 8.80% in 2022-2029.
"Increasing usage of melt blown polypropylene filter in water and wastewater treatment is expected to drive the market growth"
The increasing usage of melt blown polypropylene filters in the water and wastewater sector is expected to be the major factor for the market's growth. Melt blown polypropylene filters are used in the treatment of wastewater because of the increasing health concerns among people related to the drinking of tainted water. According to the report published by the American Society of Civil Engineers (ASCE) infrastructure in 2017, in the U.S., a centralized wastewater treatment system requires an investment of approximately USD 105 billion by 2032. Hence, the rise in the demand for safe and clean eventually increases the demand for the melt blown polypropylene filters, boosting the market growth from 2o22 to 2030.
What restraints the growth of melt blown polypropylene filter market?
"Presence of alternatives options"
The presence of alternatives option for melt blown polypropylene filters such as high-flow pleated filters, may hinder the market's growth rate to some extent. High-flow pleated filters have several benefits, such as high efficiency and flow rate compared to melt blown polypropylene filters which may also hamper the market's growth from 2022 to 2029.
Segmentation: Global Melt Blown Polypropylene Filter Market
The melt blown polypropylene filter market is segmented on the basis of media and application.
- On the basis of media, the melt blown polypropylene filter market is segmented into air, liquid.
- Based on application, the melt blown polypropylene filter market is segmented into engine, aerostructure, interiors, equipment, safety, and support; avionics.
- On the basis of application, the melt blown polypropylene filter market is segmented into water and wastewater, chemicals, food and beverages, pharmaceuticals, oil and gas, others.
Regional Insights: Asia-Pacific is expected to dominate the melt blown polypropylene filter market
Asia-Pacific is expected to dominate the market and is expected to grow significantly because of the increasing demand for fresh water in this region. Moreover, growing levels of investment in wastewater treatment will further increase the growth of the melt blown polypropylene filter market in this region.
- In addition, the North American region is likely to register the highest growth rate during the forecast period of 2022-2029 because of the growth of this region's oil and gas industry. Furthermore, rising disposable income levels among the people and increasing demand for safe and clean water are other major factors that will further increase the market growth in this region.
Recent Developments: Global Melt Blown Polypropylene Filter Market
- In 2021, Green Mountain Beverage announced its business expansion to meet the increased demand for melt-blown PP filters to remove contaminants from food and beverages.
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The Prominent Key Players Operating in the Melt Blown Polypropylene Filter Market Include:
- SUEZ (France)
- 3M (U.S.)
- Borealis AG (Austria)
- PARKER HANNIFIN CORP (U.S.)
- Lenntech B.V. (Netherland)
- Brother Filtration (China)
- Trinity Filtration Technologies (India)
- Eaton (Ireland)
- Delta Pure Filtration (U.S.)
- Clack Corporation (U.S.)
- Pall Corporation (U.S.)
- Shanghai Melko Filtration Co., Ltd. (China)
- American Melt Blown & Filtration (U.S.)
- Filson Filter (China)
- GOPANI (India)
Above are the key players covered in the report, to know about more and exhaustive list of melt blown polypropylene filter market companies contact? https://www.databridgemarketresearch.com/contact
Research Methodology: Global Melt Blown Polypropylene Filter Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
