Molecular Filtration Media Market Trends and Forecast
The future of the global molecular filtration media market looks promising with opportunities in the corrosive gas and toxic gas markets. The global molecular filtration media market is expected to grow with a CAGR of 3.7% from 2024 to 2030. The major drivers for this market are rapid industrialization and urbanization in developing regions, advances in material science and filtration technologies, and rising awareness among consumers and businesses about the importance of indoor air quality (IAQ) and its impact on health and productivity.
• Lucintel forecasts that activated carbon is expected to witness the highest growth over the forecast period.
• Within this market, corrosive gas is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Molecular Filtration Media Market
• United States: In 2023, Filtration Group announced a new molecular filtration media designed to capture harmful gases, targeting industrial and healthcare sectors. The U.S. government launched an initiative to enhance air quality in federal buildings, boosting demand for advanced filtration technologies.
• Germany: Freudenberg Filtration Technologies expanded its production facility in Weinheim to meet increasing demand for high-efficiency molecular filtration media. The German government set new air quality standards for industrial emissions, encouraging companies to adopt advanced filtration solutions.
• China: Camfil announced a partnership with a leading Chinese HVAC manufacturer to develop customized molecular filtration solutions for the Chinese market. The Chinese government introduced stringent air pollution control regulations, driving the adoption of innovative filtration technologies.
• Japan: Daikin Industries launched a new range of molecular filtration media aimed at improving indoor air quality in commercial buildings. The Japanese government initiated a nationwide program to upgrade ventilation systems in public facilities, promoting the use of advanced filtration media.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Molecular Filtration Media Market by Segment
The study includes a forecast for the global molecular filtration media market by type, application, and region.
Molecular Filtration Media Market by Type [Value from 2018 to 2030]:
• Activated Carbon
• Activated Alumina
• Molecular Sieve
• Others
Molecular Filtration Media Market by Application [Value from 2018 to 2030]:
• Corrosive Gases
• Toxic Gases
• Others
Molecular Filtration Media Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Molecular Filtration Media Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies molecular filtration media companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the molecular filtration media companies profiled in this report include-
• Purafil
• H&V
• Guild
• Camfil
• Ahlstrom
• Molecular Products
• Alkegen
Recent Development in the Molecular Filtration Media Market
• Parker HannifinÄX%$%Xs New Product Launch: In 2023, Parker Hannifin introduced a new line of molecular filtration media designed for enhanced air quality control in industrial applications. This product line features advanced adsorption materials aimed at removing volatile organic compounds (VOCs) and other harmful gases.
• Ahlstrom-Munksjö Expansion: Ahlstrom-Munksjö announced the expansion of its molecular filtration media production capacity in Europe in early 2024. This expansion aims to meet the growing demand for high-efficiency filtration solutions in various industries, including automotive and HVAC systems.
• Donaldson Company Acquisition: In 2023, Donaldson Company acquired a leading molecular filtration media manufacturer to strengthen its product portfolio. This strategic move is expected to boost DonaldsonÄX%$%Xs market presence and provide innovative solutions to its customers.
• CamfilÄX%$%Xs Sustainable Initiatives: Camfil, a global leader in air filtration, launched a series of sustainable molecular filtration media in mid-2023. These products are designed to reduce environmental impact by using eco-friendly materials and manufacturing processes while maintaining high filtration efficiency.
• Freudenberg Filtration TechnologiesÄX%$%X Collaboration: Freudenberg Filtration Technologies announced a collaboration with a major chemical company in 2024 to develop next-generation molecular filtration media. This partnership aims to create highly efficient and durable media for critical applications, including cleanrooms and sensitive manufacturing environments.
Features of the Global Molecular Filtration Media Market
Market Size Estimates: Molecular filtration media market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Molecular filtration media market size by type, application, and region in terms of value ($B).
Regional Analysis: Molecular filtration media market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the molecular filtration media market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the molecular filtration media market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for molecular filtration media market?
Answer: The global molecular filtration media market is expected to grow with a CAGR of 3.7% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the molecular filtration media market?
Answer: The major drivers for this market are rapid industrialization and urbanization in developing regions, advances in material science and filtration technologies, and rising awareness among consumers and businesses about the importance of indoor air quality (IAQ) and its impact on health and productivity.
Q3. What are the major segments for molecular filtration media market?
Answer: The future of the global molecular filtration media market looks promising with opportunities in the corrosive gas and toxic gas markets.
Q4. Who are the key molecular filtration media market companies?
Answer: Some of the key molecular filtration media companies are as follows:
• Purafil
• H&V
• Guild
• Camfil
• Ahlstrom
• Molecular Products
• Alkegen
Q5. Which molecular filtration media market segment will be the largest in future?
Answer: Lucintel forecasts that activated carbon is expected to witness the highest growth over the forecast period.
Q6. In molecular filtration media market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the molecular filtration media market by type (activated carbon, activated alumina, molecular sieve, and others), application (corrosive gases, toxic gases, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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