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  • String Wound Filter Materials Market Analysis | 2023-2028

    String Wound Filter Materials Market Analysis | 2023-2028

    String Wound Filter Materials Market Analysis | 2023-2028
    Report code - SR2628 Delivery - 2 Weeks
    String Wound Filter Materials Market Size, Share, Trend, Forecast, Competitive Analysis, a See more...

    Market Insights

    The String Wound Filter Materials Market is likely to grow at a significant CAGR of 4.4%, in the long run, to reach US$ 1.86 Billion in 2028.

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    What are string wound filters?

    String wound filters are depth cartridge types of filters that are made by weaving yarn around a core. For better filtration, this yarn is woven in a honeycomb shape around the core to form a gradient structure. These types of filtrations are best used for liquid filtrations for water, alkalis, dilute acids, petroleum oils, etc. These filtrations are much preferred in the industry due to their high capacity to hold dirt, longer withstanding of form, and last longer.

    The ability of a string wound filter depends on its micron rating which majorly ranges from 2-50 microns. Based on yarns, it can be divided majorly into two most common yarn types i.e., polypropylene and cotton. These yarns use majorly two core materials – polypropylene and stainless steel. And these string wound filter materials are used across three major industries across the globe i.e., water & wastewater treatment, chemical & petrochemical, and food & beverages.  

    Market Dynamics

    Many factors are driving the string wound filter materials market like – increasing investment in water and wastewater treatment in growing economies and government initiatives for the establishment of modern wastewater treatment plants that cater to the growing population across the globe. The only restraining factor for the market is operational difficulties like media migration and chemical leaching which degrade the efficiency of the filtration process.

    String Wound Filter Materials Market Overview

    Market Size in 2028

    US$ 1.86 billion

    Market Growth (2023-2028)

    4.4% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Covid-19 Impact

    Due to the Covid-19 pandemic and afterward Russia-Ukraine war, the string wound filter materials market suffered chances of good recovery due to which there was a surge in commodity prices, supply chain disruption, and inflation across goods and services. All these factors slowed the growth of the market in the short term. But after 2022, the market is expected to make a recovery owing to the normalization of manufacturing activities across the globe. 

    Segments Analysis

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories-

    By Yarn Type

    • Polypropylene 
    • Cotton 
    • Others 

    By Core Material Type

    • Polypropylene 
    • Stainless Steel 
    • Others 

    By End-User Type

    • Water & Wastewater Treatment 
    • Chemical & Petrochemical 
    • Food & Beverage 

    By Region

    • North America 
    • Europe 
    • Asia-Pacific 
    • Rest of the World  

    By Yarn Type

    The market is segmented into polypropylene, cotton, and others. Polypropylene yarn type will remain the dominant type in the string wound filter materials marketThe key reason for the same being is these yarns for wastewater treatment are highly cost-effective. Also, these yarns are more compatible when compared with cotton and other yarns for some chemicals.

    By Core Material Type

    The market is segmented into polypropylene, stainless steel, and others. The polypropylene core material will be the largest and fastest-growing core material type in the overall string wound filter materials market during the forecast period. The dominance of the same is due to the low cost and better chemical compatibility of polypropylene in the core, which is most preferred by multiple end-user industries.

    By End-User Type

    The market is segmented into water & wastewater treatment, chemical & petrochemical, and food & beverage. Waste & wastewater treatment will be the largest end-user industry in the market during the forecast periodThe reason for the same is that there is a growing need for water treatment for freshwater, which has a very high consumption rate in the industrial sector.

    Regional Analysis

    Asia-Pacific is expected to remain the largest market for string wound filter materials over the forecast periodThis is due to the reason that the region has high degradation of the ecological environment in high-growth countries like China and India, hence the usage of wastewater treatment is very high in the region which is the key reason for the dominance of Asia-Pacific in the market.

    Also, Asia-Pacific is expected to be the fastest-growing market for string wound filter materials market over the forecast period as countries like India and China are hubs for foreign investments in the industrial sectors due to low-cost material and cheap labor which leads to growing manufacturing and hence growing string wound filter material demand. Another key reason for the highest growth is the fast-growing food and beverage industry in the region, which indirectly contributes to the growth of this market in the region.

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    Key Players

    The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the string wound filter materials market:

    • Barnet
    • Cleanflow Filter Solutions
    • Coats Group Plc
    • Coleman Filter Company
    • East Asia Textile Technology Limited
    • Eaton
    • Johns Manville
    • Micronics Engineered Filtration Group, Incorporated
    • MMP Filtration Private Limited
    • Stradom Société Anonyme
    • United Filters International
    • William Barnet and Sun, Limited Liability Company.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s zonal isolation market realities and future market possibilities for the forecast period of 2023 to 2028. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the String Wound Filter Materials Market 

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The string wound filter materials market is estimated to grow at a healthy CAGR of 4.4% over the next five years.

    The string wound filter materials market is likely to reach US$ 1.86 billion in 2028.

    The string wound filter materials market is driven by increasing investment in water and wastewater treatment in growing economies and government initiatives for the establishment of modern wastewater treatment plants that cater to the growing population across the globe.

    Asia-Pacific is expected to remain the largest market for string wound filter materials market over the forecasting period. This is due to the reason that the region has a high degradation of ecological environment in high-growth countries like China and India; hence, the usage of wastewater treatment is very high in the region, which is the key reason for the dominance of Asia-Pacific in the market.

    Asia-Pacific is expected to be the fastest-growing market for string wound filter materials over the forecast period as countries like India and China are hubs for foreign investments in the industrial sectors due to low-cost materials and cheap labor, which leads to growing manufacturing and hence growing string wound filter material demand. Another key reason for the highest growth is the fast-growing food and beverage industry in the region, which indirectly adds to the growth of this market in the region.

    Waste & wastewater treatment will be the largest end-user industry in the market during the forecasted period owing to the growing need for water treatment for freshwater and its very high consumption in the industrial sector.

    Barnet, Cleanflow Filter Solutions, Coats Group Plc, Coleman Filter Company, East Asia Textile Technology Limited, Eaton, Johns Manville, Micronics Engineered Filtration Group, Inc., MMP Filtration Private Limited, Stradom Socit Anonyme, United Filters International, and William Barnet and Sun Limited Liability Company are the leading players in the string wound filter materials market.

    The market is studied from 2016-2028.

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