Pleated Filters Market Size - By Product (Air Filter {Medium Efficiency Filter, HEPA Filter}, Oil Filter, Food & Beverage Filter), By Application (Commercial, Industrial, Residential, Utilities), & Global Forecast, 2023-2032

Pleated Filters Market Size - By Product (Air Filter {Medium Efficiency Filter, HEPA Filter}, Oil Filter, Food & Beverage Filter), By Application (Commercial, Industrial, Residential, Utilities), & Global Forecast, 2023-2032

Pleated Filters Market size is set to witness 7% CAGR from 2023-2032, driven by the evolving environmental and health regulations worldwide for mandating the usage of high-efficiency filters in various industries. Lately, several governments and regulatory bodies are increasingly implementing stringent standards to improve indoor and outdoor air quality to ensure clean water and enhance workplace safety.

Furthermore, the ongoing R&D efforts focused on enhancing filter efficiency, durability, and overall performance have compelled manufacturers to make new developments in filter media, design, and manufacturing processes, further supporting the industry growth. For instance, in September 2023, Greentech Environmental, a major air filtration solutions manufacturer, introduced Greentech Filters+ with ODOGard® to meet the requirements of both modern and older HVAC equipment, in solving the pressing needs of facilities post-pandemic and providing advanced odor elimination.

The overall pleated filters market is segmented by product, application, and region.

With respect to product, the industry share from the food & beverages filter segment is anticipated to gain significant traction between 2023 and 2032 attributed to the expanding food production and processing sectors globally. The escalating focus on food safety and product quality concerns has resulted in the higher implementation of stringent filtration requirements, further driving the product adoption. Additionally, the increasing advancements in filter technology, including improved filter media and efficiency will fuel the segment growth.

Pleated filters market size from the utilities application segment is projected to expand at considerable growth rate through 2032. This is owing to the extensive usage of pleated filters across utilities to maintain and improve water and air quality. The increasing emphasis on environmental sustainability coupled with the ongoing advances in filter technology, enhanced filtration efficiency, and higher need for robust filtration solutions for maintaining public health and environmental protection will also propel the market growth.

Regionally, APAC pleated filters market is set to record robust growth through 2032. Rapid industrial expansion and higher manufacturing activities in China and India are surging the demand for filtration solutions. Moreover, the rising stringency of the regulatory standards has prompted the surging need for high-efficiency filtration solutions, further providing lucrative growth opportunities for the industry players. For instance, Donaldson India Filtration Systems Pvt. Ltd., a leading developer of novel filtration products opened a new industrial air filtration plant in Pune, India, in June 2022.