Filters Market Forecasts to 2028 – Global Analysis By Product (ICE Filters, Air Filters, Fluid Filters), Distribution Channel (Online Stores, Offline Stores), Application (Utilities, Motor Vehicle, Industrial & Manufacturing, Consumers Goods, Transportati

Filters Market Forecasts to 2028 – Global Analysis By Product (ICE Filters, Air Filters, Fluid Filters), Distribution Channel (Online Stores, Offline Stores), Application (Utilities, Motor Vehicle, Industrial & Manufacturing, Consumers Goods, Transportation, Other Applications), and Geography

According to Stratistics MRC, the Global Filters Market is accounted for $77.46 billion in 2022 and is expected to reach $116.90 billion by 2028 growing at a CAGR of 7.1% during the forecast period. A filter is a method for reducing the number of possibilities available within a particular universe of safety measures. In this case, the phrases filter and screen can be used interchangeably because this process is also known as screening securities. Its rapidly growing use of air purifiers to eliminate dangerous germs including viruses and bacteria in homes, cars, trains, and other public spaces would create new market development prospects.

According to a study from British Lung Foundation (BLF) and Asthma UK published in February 2021, nearly 6 million people aged over 65 in England are at higher risk of lung damage and asthma attacks because of toxic air.

Market Dynamics:

Driver:

Increase in adoption of air purifiers

The need for filters is anticipated to rise fast as a result of the increasing harmful gas emissions into the air that poses serious health risks. Depending upon the particular pollutant, the level of exposure, and the way in which people are exposed, air toxics can have a wide range of negative health impacts. When exposed to high amounts of air toxics, people have trouble breathing and feel nose, throat, and eye irritation. Long-term exposure to air toxics including lead, carbon monoxide, nitrogen oxides, and others can harm the immunological, reproductive, nervous, and neurological systems as well as cause cancer.

Restraint:

Expensive air filters

One of the most expensive equipment that may be purchased is an air purifier. Many air purifiers cost a hefty price, leaving costumer to question how they managed to charge that much for a filtering device. More premium materials are used in the production of expensive air filters than inexpensive ones. Fiberglass, which is porous and can retain more dust or pollen than substances like cardboard or paper, is a common material used to make them. This factor is constraining the growth of market during the forecast period.

Opportunity:

Utilization in numerous automobile applications

In several automotive applications, including oil intake, emission filtering, and cabin air filtration, filters are used. It is projected that the value of the global filters market would increase as a result of the government's focus on the wastewater treatment and plans for the construction of treatment facilities. This is brought on by a lack of access to clean drinking water, a growth in population, and toxins in both surface and groundwater sources. The global automobile industry's expansion, brought on by elements including a rising population and discretionary income, is anticipated to accelerate the market trend for filters, particularly in developing nations.

Threat:

Require regular maintenance

A filthy filter makes an air purifier of little use. The filters on an air purifier must be routinely cleaned and replaced in order for it to function properly. The same is true for UV lighting and modules. They will need to be replaced because they're not burning brightly. To guarantee air conditioners effectiveness filters that are dirty and clogged obstruct normal airflow, which significantly reduces system efficiency. This factor is challenging the market expansion during the projected period.

Covid-19 Impact

The COVID-19 pandemic had a negative impact on several of the key manufacturing and processing sectors, including the automobile, pharmaceutical, and power industries since activities were suspended for months. As a result, supply chains in the industrial sector were disrupted as it took some time for businesses to get back to work after the COVID-19-related limitations were lifted.

The ICE filter segment is expected to be the largest during the forecast period

The ICE filter segment is estimated to have a lucrative growth, due to improve fuel efficiency, ICE filters are widely utilised in automobiles. The use of ICE filters is predicted to rise over the next few years as a consequence of the increasing implementation of a start-stop technology for automatic shutdown and resumption of the internal combustion engines, which lowers pollutants, energy consumption, and engine idling time.

The transportation segment is expected to have the highest CAGR during the forecast period

The transportation segment is anticipated to witness the fastest CAGR growth during the forecast period, due to tighter rules being imposed by agencies and the energy department to minimise automobile pollution levels are predicted to increase market for filters in transportation applications. Over time, different businesses, along with the food, beverage, and pharmaceutical sectors, have emitted welding fumes as well as various airborne and liquid-borne pollutants.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to rising demand for vehicles in this region is a result of people's greater purchasing power. Along with tight local government restrictions to safeguard environmental quality, urbanisation and industrialization are on the rise. The adoption of air filtration & water filtration technologies is raised due to the increasing environmental concerns and increased atmospheric pollution, which will fuel market growth.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to significant output in automobiles industry. This region is the location of the majority of the world's major auto manufacturers, which is why the market anticipates stronger growth. Additionally, it is projected that product demand in the country would increase as a result of technical breakthroughs such the application of nanotechnology to the filtering process.

Key players in the market

Some of the key players profiled in the Filters Market include Spectrum Filtration Pvt. Ltd., Donaldson Company, Inc., Koch Filter, 3M, Parker Hannifin Corp., Clark Air Systems, Airex Filter Corp., DENSO Corp., Camfil AB, Freudenberg Filtration Technologies SE & Co. KG, Danaher Corporation and Mahle International GmbH.

Key Developments:

In April 2021, Donaldson Company, Inc. has announced the release of a new product called ""Filter Minder Connect solution."" The newly released tool may now be used to monitor the quality of gasoline filters and engine oil in heavy-duty engines. Filter Minder system components are easily installed on equipment and connect with existing onboard telematics or fleet management systems.

In February 2020, Parker Hannifin Corporation, a US-based motion and control technology company’s Industrial Gas Filtration and Generation Division introduced ProTura SB Nano Pleated Filters that is a dust collection filter used in a variety of applications. The ProTura SB Nano Pleated Filters use advanced nanofibre filtration technology whose filters are made from a 100% synthetic base media with a proprietary nanofiber layer applied to the collection surface, designed for demanding applications.

Types Covered:
• Hepa
• Baghouse
• Cartridge
• Dust Collector
• Air
• Other Types

Products Covered:
• ICE Filters
• Air Filters
• Fluid Filters

Distribution Channels Covered:
• Online Stores
• Offline Stores

Applications Covered:
• Utilities
• Motor Vehicle
• Industrial & Manufacturing
• Consumers Goods
• Transportation
• Other Applications

End Users Covered:
• Commercial
• Chemicals
• Residential
• Gas Turbines
• Healthcare
• Pharmaceuticals
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements