PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1252683
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1252683
String Wound Filter Materials Market size was valued at USD 1,607.5 Million in 2022, expanding at a CAGR of 7.1% from 2023 to 2030.
String wound filters are a popular type of depth filter, utilized for eliminating sediment, dirt, and other impurities from liquids like chemicals or water. These filters consist of a cylindrical core that is wrapped with string or yarn, usually made of cotton, polyester, or polypropylene. By tightly winding the string around the core in a helical pattern, a dense and highly effective filter medium is created. The selection of string wound filter material largely depends on the specific application and the type of contaminants that need to be eliminated. Cotton string is a preferred choice for filtering fluids containing high levels of organic matter or for removing larger particulates, whereas polyester and polypropylene strings are ideal for filtering fluids with higher viscosity or for removing smaller particulates.
The market for string wound filter materials is influenced by several factors, including the rising demand for clean and safe drinking water, the growing industrialization, and the expanding applications in various sectors like food and beverage, pharmaceuticals, and chemicals. Additionally, the increasing concerns about the environment, government regulations, and the need for wastewater treatment are driving the growth of this market.
Moreover, the increasing adoption of string wound filters in developing countries is creating significant opportunities for market growth. However, the market also faces several challenges, such as the availability of alternative filtration technologies, fluctuations in the prices of raw materials, and high initial investments in manufacturing facilities.
To tackle these challenges, industry players are focusing on product innovation, strategic partnerships, and collaborations. For example, manufacturers are developing new filter materials with better filtration capabilities and longer lifetimes to cater to the specific needs of various end-users. They are also expanding their product portfolios through mergers and acquisitions, which are helping them to gain a larger market share.
The Global String Wound Filter Materials Market is segmented on the basis of Yarn Type, Core Material, End Use Industry and Region.
The cost-effectiveness and compatibility of polypropylene yarn with water and chemicals make it the most popular yarn type used in string wound filter materials. Cotton is the second-largest yarn type used after polypropylene in string wound filter materials. Various types of cotton yarns are used for constructing string wound filters, such as natural cotton, natural cotton blends (which are blends of natural cotton and polyester fibers), and FDA-approved bleached cotton. These yarns can withstand temperatures comparable to polypropylene yarn but may be less compatible with some chemicals.
The string wound filter materials market divides into three core material types: polypropylene, stainless steel, and other materials such as tinned steel and glass-filled polypropylene. Polypropylene is the preferred core material due to its low cost and compatibility with various chemicals, which has led to its dominance in the string wound filter materials market. Stainless steel cores are the second-largest market segment, with 304 and 316 being the most commonly used stainless-steel cores for string wound filters. These cores can withstand high temperatures of up to 400oC, making them suitable for high-temperature operations.
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
The Asia Pacific region has become a center for foreign investment and growing industrial sectors due to its low-cost labor and availability of inexpensive land. As a result, the manufacturing industries are expanding, leading to an increase in the demand for string wound filter materials. The growing food and beverage industry is also driving the demand for these materials in the region. Among the Asia Pacific countries, India has recorded the highest Compound Annual Growth Rate (CAGR) in the string wound filter materials market, followed by China and South Korea. These countries are expected to see a steady increase in consumption of these materials between 202 and 2030.
The global string wound filter materials market is highly competitive, with a few major players dominating the market share. To maintain their competitiveness in the market, these players are employing various strategies such as mergers and acquisitions, collaborations, product launches, and expansions. For example, in October 2021, Suez Water Technologies & Solutions announced the expansion of its manufacturing capabilities for string wound filter cartridges at its facility in Elkridge, Maryland. This expansion is aimed to meet the growing demand for its string wound filter products.
In January 2021, Parker Hannifin Corporation acquired Exotic Metals Forming Company LLC to strengthen its filtration portfolio and expand its presence in the aerospace and defense industries. These strategic moves by key players are expected to drive the growth of the global string wound filter materials market in the coming years.
This proposed research study on String Wound Filter Materials Market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for String Wound Filter Materials Market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the String Wound Filter Materials Market
Impact of COVID-19 on String Wound Filter Materials Market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on String Wound Filter Materials Market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the String Wound Filter Materials Market, we have also included competitive landscape and key innovator analysis for the String Wound Filter Materials Market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offersdetailed company profiling featuring major market participantswhich will help users to understand their financial information and strategic initiatives of players operating in the String Wound Filter Materials Market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global String Wound Filter Materials Market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
The scope of this report covers the market by its major segments, which include as follows:
3M Company
Eaton Corporation
Parker Hannifin Corporation
Merck KGaA
Suez Water Technologies & Solutions
Pentair Plc
Lenntech B.V.
Dow Inc.
Pall Corporation
Amazon Filters Ltd.
Shanghai Minipore Industrial Co. Ltd.
Hengjia Filtration Equipment Co. Ltd.
Yarn Home Textile Co. Ltd.
Bluebird Pure Pvt. Ltd.
Guangzhou Lvyuan Water Purification Equipment Co. Ltd.
GLOBAL STRING WOUND FILTER MATERIALS MARKET, BY YARN TYPE
Cotton
Polyester
Polypropylene
Nylon
Others
GLOBAL STRING WOUND FILTER MATERIALS MARKET, BY CORE MATERIAL
Polypropylene
Stainless Steel
Others
GLOBAL STRING WOUND FILTER MATERIALS MARKET, BY END USE INDUSTRY
Water Treatment
Food and Beverage
Chemicals
Pharmaceuticals
Oil and Gas
Power Generation
Pulp and Paper
Municipal
GLOBAL STRING WOUND FILTER MATERIALS MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA