Filters Market (By Product: Fluid Filters, ICE Filters, Air Filters; By Application: Motor Vehicle, Consumers Goods, Utilities, Industrial & Manufacturing) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022 2030

The global filters market size was valued at USD 71.33 billion in 2021, and is predicted to be worth around USD 111.87 billion by 2030, registering a CAGR of 5.0% during the forecast period 2022 to 2030.

Filters Market Size 2021 to 2030

Growth Factors

Growing demand from the automobile industry for the reduction of emission levels, owing to the regulations by several agencies, such as the U.S. Environment Protection Agency (EPA) and the Department of Energy, is expected to drive the market over the forecast period. The market is expected to witness significant growth owing to the rapid growth in the water and wastewater treatment industry. The governments across various developing countries are emphasizing the development of their water treatment infrastructures to provide safe water to their citizens for various purposes, such as drinking, sanitation, and cooking.

The increasing concerns regarding clean air are also anticipated to support the air filtration industry growth over the forecast period. Increasing disposable income levels, rapid urbanization, and growing health concerns have resulted in people investing significantly in air purifier systems for domestic use. This shift in consumer behavior is expected to positively impact the market growth over the forecast period. The industry has a large number of established players controlling a significant market share. Key players are focused on R&D activities for the development of new products and services to enhance their service offerings, thereby attaining business growth in the market.

Report Coverage

Report Scope Details
Market Size US$ 111.87 billion by 2030
Growth Rate CAGR of 5.0% From 2022 to 2030
Largest Market Asia Pacific
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Product, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned 3M; Airex Filter Corp.; Koch Filter; Freudenberg Filtration Technologies SE & Co. KG; Donaldson Company, Inc.; Camfil AB; Parker Hannifin Corp.; DENSO Corp.; Clark Air Systems; Spectrum Filtration Pvt. Ltd

By Product Analysis

The ICE filters product segment led the market in 2021 and accounted for the maximum revenue share of more than 42%. This high share was credited to the rapid growth in the automobile industry as ICE filters are widely used in automobiles to improve fuel efficiency.

The implementation of environmental regulations, such as the Kyoto Protocol, Euro 5, and Euro 6 to control the release of harmful emissions, is expected to drive the segment further. The usage of ICE filters is expected to rise over the coming years owing to the high adoption of a start-stop system for automatic shutdown & restart of the internal combustion engines, to reduce the emissions & fuel consumption and idling time of engines.

The market growth for fluid filters is expected to be driven by the rising investments by governments in the construction of water treatment plants to provide safe water for various residential, commercial, and industrial applications. In addition, wide usage of fluid filters in a variety of other applications, such as cold sterilization of beverages & pharmaceuticals, petroleum refining, and dairy processing, is expected to support the segment growth.

By Application Analysis

The motor vehicles segment led the market in 2021 and accounted for more than 45% of the global revenue share. The increasing automotive production, primarily in countries, such as China, Indonesia, South Korea, Japan, Malaysia, and Taiwan, supports the segment growth. In addition, stringent regulations for the reduction of automotive pollution levels by agencies, such as the U.S. EPA and the Department of Energy, are expected to increase the usage of filters, thus driving the product demand in motor vehicles applications.

The manufacturing of portable air purifiers by several companies, such as Dyson and Philips, is expected to drive the consumer goods segment. The demand for filters in the industrial & manufacturing segment is expected to be driven by the well-established industrial setup in Europe and North America coupled with stringent regulations in these regions regarding emission from these facilities.

By Regional Analysis

Asia Pacific dominated the market in 2021 and accounted for over 42% share of the global revenue in 2020 owing to the rapid industrialization coupled with stringent regulations by local governments to maintain the environmental quality. Increasing atmospheric pollution levels and growing environmental concerns are anticipated to promote the usage of air filtration and water filtration processes, thereby propelling market growth. 

North America is expected to grow at a steady CAGR from 2022 to 2030 due to the high automobile production levels as a result of the presence of major manufacturers, such as Ford, General Motors, and BMW. In addition, technological advancements, such as the implementation of nanotechnology in the filtration process are anticipated to boost the product demand in the region.

Key Players

  • 3M

  • Airex Filter Corp.

  • Koch Filter

  • Freudenberg Filtration Technologies SE & Co. KG

  • Donaldson Company, Inc.

  • Camfil AB

  • Parker Hannifin Corp.

  • DENSO Corp.

  • Clark Air Systems

  • Spectrum Filtration Pvt. Ltd.

Market Segmentation

  • By Product 

    • Fluid Filters

    • ICE Filters

    • Air Filters

  • By Application 

    • Motor Vehicle

    • Consumers Goods

    • Utilities

    • Industrial & Manufacturing

    • Others

  • Regional

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Spain

      • Russia

    • Asia Pacific

      • China

      • India

      • Japan

      • Australia

      • Thailand

      • Malaysia

    • Central & South America

      • Brazil

    • Middle East & Africa

      • South Africa

The filters market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of filters market for the base year 2022 and the forecast between 2022 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global filters market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the filters market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted filters market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the filters capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of filters by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global filters market. These figures have been provided in terms of both revenue and volume for the period 2019 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major filters market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of filters market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the filters industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

filters market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to filters market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of filters market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new filters market. These factors have benefited the growth of the global market for filters. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for filters. The global market is segmented on the basis of region, application, end-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of filters are as follows:

  • History Year: 2019-2021
  • Base Year: 2022
  • Forecast Year 2022  to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2019-2022) and forecast (2022-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

To strategically profile the key players and comprehensively analyze their growth strategies.

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