Air Treatment Market Analysis and Forecast to 2031: By Type (Dryers, Industrial Filters, Specialty Filters, Condensate Management), Application (General Industry, Food and Beverage, Pharmaceutical, Oil and Gas, Chemical and Petrochemical, Mining), and Reg

Air Treatment Market Analysis and Forecast to 2031: By Type (Dryers, Industrial Filters, Specialty Filters, Condensate Management), Application (General Industry, Food and Beverage, Pharmaceutical, Oil and Gas, Chemical and Petrochemical, Mining), and Region

The global air treatment market was valued at US$ 8.3 billion in 2021 and it is anticipated to grow up to US$ 12.2 billion by 2031, at a CAGR of 3.9% during the forecast period.

Air treatment market is expected to grow at a compound annual growth rate of 8.50% in the forecast period of 2021 to 2028. Data Bridge Market Research report on air treatment provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.

Air treatment is broadly used in ventilation, hot-air heating and air-conditioning systems for industrial and public buildings and also apartment houses, farm buildings and installations, means of transportation and spacecraft. Air treatment comprises the cleaning the harmful gaseous admixtures, odors, air of dust, and bacteria, heating, cooling, humidifying, and drying the air and adding oxygen and scented substances.

Market Drivers and Trends

Growing incidents of chronic health issues due to air pollution along with growing prospects in industrialization across the globe are the key factors fueling the market growth over the projected period. Air pollution is a major cause of morbidity and mortality worldwide. As per the Global Burden of Disease (GBD) study, fine particulate matter (PM2.5) caused 4.2 million deaths and 103.1 million disability-adjusted life years (DALYs). In addition, in 2019, ambient particulate matter pollution was ranked as the fourth-leading cause of the loss of years of life among people in China. Thus, such growing health issues is augmenting the market dynamics over the forecast period.

Market Restraints and Challenges

Increasing overall maintenance and repair cost of air treatment and likely restraining market revenue growth in the forecast period. Further, increasing volatility in raw material prices and the high maintenance cost of air treatment are anticipated to hinder market growth during the forecast period. Growing volatility in raw material prices negatively influences the ability of manufacturers to produce air treatment based on specific requirements.

Global Air Treatment Market Segmental Overview

The report analyses the global air treatment market based on type, application, and region.

Global Air Treatment Market by Type

Based on type, it is segmented into dryers, industrial filters, specialty filters, and condensate management. The industrial filters segment is expected to be the largest segment in the air treatment market in 2021. The growth of the segment can be attributed to the increasing usage of industrial filters for air filtration and separation systems not only to protect equipment but also to make the work environment more sustainable. In addition, increasing customers at fast food restaurants and changing habits of having food outside the home among working class people and students are further bolstering the demand for air treatment market for the food service segment during the forecast period. Due to above mentioned factors, the industrial filters segment is expected to hold a major market share in 2021.

Global Air Treatment Market by Application

Based on application, it is segmented into general industry, food and beverage, pharmaceutical, oil and gas, chemical and petrochemical, and mining. The pharmaceutical segment is expected to be the largest segment in the air treatment market in 2021. The growth of the segment can be attributed to the rising demand for surface filtration, depth filtration, and ultrafiltration for the filtration systems. The most common impurities that need to be purified in the pharma industry are sediments, water corrodes, colloids, particulate matter, suspended matter, clay, and other particles. Membrane filters are generally used to help sterilize and deionize water that will later be used within the industry. The most common air filters used in the pharmaceutical industry are cartridge filters, HEPA filters, bag filters, basket filters, and panel filters, among other filters which is further propelling the growth of the segment. Thus, the pharmaceutical segment is expected to hold a major market share in 2021.Geographical Analysis of Global Air Treatment Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share in 2021. The rising frequency of airborne diseases, combined with rising levels of air pollution in the North America, is expected to boost market growth throughout the forecast period. Development in regulations, technological advancements, and economic shifts have helped improve air quality in the US during the last few decades. According to the Environmental Protection Agency (EPA), the US has reduced air pollutants by 69% since the passage of the Clean Air Act in 1970. However, roughly 57 million people continue to live in locations where air pollution is harmful. Thus, it propels the growth of the Air Treatment market in North America.Major Players in the Global Air Treatment Market

The key players studied in the global air treatment market are

COVID-19 Impact

In 2020, the COVID-19 pandemic resulted in economic challenges owing to subsequent lockdowns. In 2020, the manufacturing industry was severely affected due to a drastic decrease in product demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities had limited the expenditure on the production of air treatment machines worldwide. Thus, the COVID-19 pandemic negatively affected the global air treatment market in 2020.

However, in 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the production of air treatment machines.

Recent Developments

December 2021, Donaldson Company, Inc. a leading worldwide provider of innovative filtration products and solutions acquired Solaris Biotechnology Srl, a manufacturer of bioprocessing equipment such as bioreactors, fermenters, and tangential flow filtration systems having applications in food and beverage, biotechnology, and other life sciences markets. This move is expected to increase the market share of Donaldson Company by capturing clients of other industries in which Solaris operates.

December 2021, Ingersoll Rand Inc. completed the acquisition of the assets of Tuthill Corporation’s Pump Group in a transaction worth US$ 85 million. The employees and brands of the Pump Group are expected to join the Ingersoll Rand Precision and Science Technologies (PST) segment, which is projected to increase the expertise level of the company and expand its market presence.

Frequently Asked QuestionsQ1. How big is the air treatment market?Ans. The global air treatment market size was US$ 8.3 billion in 2021 and is anticipated to reach US$ 12.2 billion in 2031, growing at a rate of 3.9% from 2022 to 2031.Q2. What is the air treatment market growth rate?Ans. The growth rate of the air treatment market is 3.9% from 2022 to 2031.Q3. Which region holds a major market share for the air treatment market?Ans. North America holds a major market share of the air treatment market in 2021.Q4. Which segment accounted for the largest air treatment market share?Ans. Based on type, it is segmented into dryers, industrial filters, specialty filters, and condensate management. The industrial filters segment is expected to be the largest segment in the air treatment market in 2021.Q5. Who are the key players in the air treatment market?Ans. The global air treatment market report includes players such as Q6. What are the factors driving the air treatment market growth?Ans. The major factor driving the growth of the market is rising incidents of chronic health issues due to air pollution along with growing prospects in industrialization globally.Q7. What are the key growth strategies of air treatment market players?Ans. The key growth strategies of air treatment market players are product launch, partnerships, and government initiatives.Q8. Which region will provide more business opportunities for the air treatment market during the forecast period?Ans. The Asia Pacific region will provide more business opportunities for the air treatment market during the forecast period.

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