The Global report on “String Wound Filter Materials Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.
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“Growing demand from end-use industries is projected to drive the string wound filter materials market.”
The global string wound filter materials market size is projected to grow from USD 1.7 billion in 2020 to USD 2.2 billion by 2025, at a compound annual growth rate (CAGR) of 4.9% between 2020 and 2025. Factors, such as large scale demand from industries such as water & water treatment industry, chemicals & petrochemicals, oil & gas, and food & beverage. The US, Germany, France, India, and China are the major markets. Due to the COVID-19 pandemic, the demand for string wound filter materials has been declining due to a slump in the manufacturing output and delay of the expansion projects across the globe.
“polypropylene string wound filter materials is projected to witness significant CAGR during the forecast period.”
In terms of volume, the polypropylene segment accounted for the largest yarn type in the global string wound filter materials market. Compared to the other types, polypropylene yarn offers a cost advantage and is also compatible with a wide variety of process fluids. Many string wound filter manufacturers also have polypropylene-based string wound filters as their key yarn type.
“water & wastewater treatment is projected to lead the string wound filter materials market from 2020 to 2025.”
In terms of value, water & wastewater treatment is projected to grow the fastest during the forecast period. New investment in the expansion of existing manufacturing facilities or water treatment plants is expected to drive the demand in the coming years. Government initiatives for the stringent water treatment norms also play an important factor in the boost in demand during the forecast period
“APAC projected to account for the maximum share of the global string wound filter materials market during the forecast period.”
APAC is projected to lead the global string wound filter materials market from 2020 to 2025. The market in the region is expected to witness a growing demand from the growing investment in end-use industries such as chemical & petrochemical, water treatment, and food & beverages. The growth of the APAC chemical sector is also creating opportunities for the string wound filter materials market. The growing desalination industry is also driving the consumption of a string wound filter materials market for water treatment applications within the region.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and other executives from various key organizations operating in the string wound filter materials market.
- By Company Type: Tier 1: 40%, Tier 2: 20%, and Tier 3: 40%
- By Designation: C-level Executives: 20%, Directors: 20%, and Others: 60%
- By Region: North America: 40%, Europe: 15%, Asia Pacific: 40%, and Rest of World: 5%
The global string wound filter materials market comprises major manufacturers such as Johns Manville (US), COATS (US), MMP Filtration (India), Reliance Industries (India), Dongguan Donggang Chemical Fiber (China), Jiangsu Sisiyuan Fiber (China), and Shanghai Jin Chi Industrial (China)
The market study covers the string wound filter materials market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on type, material, application, end-use industry, and region. The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to enhance their position in the string wound filter materials market.
Key Benefits of Buying the Report
The report is expected to help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers of the overall string wound filter materials market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market and gain insights to improve the position of their businesses and plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.
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