Filters Market (By Product: Fluid Filters, ICE Filters, Air Filters; By Application: Motor Vehicles, Consumer Goods, Utilities, Industrial & Manufacturing, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast 2020 - 2027

Category : Chemicals and Materials | Published at : April-2021 | Delivery Format : PDF | Status: Published | Pages : 190

The global filters market is expected to grow at a CAGR of around 4.8% from 2020 to 2027 and expected to reach the market value of around US$ 95.5 Bn by 2027.

Filters are essential in construction equipment because they protect moving parts and critical components from dirt, debris, and other contaminants. Filters remove these harmful particles from systems before they cause damage that would otherwise necessitate costly repairs. Large amounts of cooling water are required in chemical plants or chemical parks. Most of the time, river water, well water, or lake water is used. Depending on the degree of water pollution, adverse effects on plant equipment may occur. Heat exchangers are frequently clogged, but seals, pumps, and all piping systems can also be damaged. Other liquids resulting from manufacturing processes can also be cleaned of unwanted particles. These factors increase the demand for filters in the chemical industry. The installation of proper filters can prevent production losses and significantly reduce maintenance costs.

Market Dynamics

Rising focus on reduction of emissions from several industries bolster the demand for global filters market

Carbon dioxide, according to a report released by the University of California Regents, plays an important role in the earth's ecosystem; the lives of many organisms are dependent on the balancing of this gas. Plants and animals require carbon dioxide to survive; however, an excess of carbon dioxide can also kill the organism. The majority of the gas is produced through the combustion of fossil fuels, power plants, large industries, vehicles, and natural gas processes. Overcoming problems such as global warming can be accomplished through the development and installation of environmentally friendly carbon-di-oxide filters. Furthermore, The Clean Air Technology Center is a resource for air pollution prevention and control technologies, including their application, effectiveness, and cost. Mechanical collectors, wet scrubbers, fabric filters (baghouses), electrostatic precipitators, combustion systems (thermal oxidizers), condensers, absorbers, adsorbers, and biological degradation are just a few examples.

Technological advancements support the growth of global filters market

According to data released by the US Environmental Protection Agency, Frank and Smith found that the WWETCO FlexFilter technology provided comparable effluent TSS (49 mg/L to 52 mg/L) to ballasted flocculation systems in side-by-side testing. Ballasted flocculation, on the other hand, necessitates the use of flocculation chemicals as well as a 15 to 30 minute ramp-up time to achieve performance goals. The WWETCO FlexFilter can achieve comparable or better TSS removals that require no chemicals and achieves performance goals immediately. The FlexFilter begins and ends dry, with no odors, no special startup protocols, and no special attention to mechanical equipment. FlexFilter tertiary filtration throughput is in the order of 98%. The average throughput for CSO is approximately 95%, while the throughput for chemically assisted phosphorous filtration and biofiltration is in the range of 85 to 90%.

Rising product utility in waste water treatment have gained huge prominence in the global market

Water that exits a home either goes into a septic tank in the back yard, where it seeps back into the ground, or it is routed through a sewer system to a wastewater treatment plant. Aside from that, in Missouri, where central sewer service is unavailable, homeowners and small business owners use a variety of onsite wastewater treatment systems (OWTS). An OWTS is a system that collects, treats, and disperses wastewater from single dwellings or other buildings or structures using natural processes and mechanical components. Domestic wastewater can be effectively treated and dispersed into the environment using on-site systems, protecting public health. According to the Missouri Department of Health and Senior Services report, there are primarily two types of filters used in waste water treatment. Sand filters and media bio-filters are examples of these. 

Market Segmentation

The global filters market is segmented based on product and application. Product is segmented as fluid filters, ICE filters, and air filters. By application, the market is segmented as motor vehicles, consumer goods, utilities, industrial & manufacturing, and others

In terms of product, ICE filters are expected to dominate the market during the forecast period. In order to improve fuel efficiency, ICE filters are commonly used in automobiles. Furthermore, 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 segment growth. Motor vehicle is expected to have a dominant market share in the coming years based on application. This is due to increased automotive production, particularly in China, Indonesia, South Korea, Japan, Malaysia, and Taiwan. Furthermore, stringent regulations on reducing automotive pollution levels imposed by agencies such as the United States Environmental Protection Agency and the Department of Energy are expected to increase the use of filters, driving product demand.

Regional Landscape

Due to rapid industrialization trends and stringent regulations imposed by various governments to maintain environmental quality, Asia Pacific is expected to hold a dominant market share during the forecast period. Increasing levels of atmospheric pollution and growing environmental concerns are expected to encourage the use of air filtration and water filtration processes, propelling growth. North America, on the other hand, is expected to have the fastest growing CAGR in the global filters market in the coming years. This is due to the presence of major manufacturers such as Ford, General Motors, Fiat Chrysler, Kia, BMW, and Mercedes-Benz in the region, which has resulted in increased automobile production levels. Furthermore, technological advancements such as the use of nanotechnology in the filtration process are expected to boost product demand in the region.

In addition, Europe is expected to have the second largest market share in the global filters market in the coming years. The increasing adoption of air filtration equipment in several industries, such as cement, chemicals, and metallurgy, to lower their emission levels, as per the directives laid down by several agencies, such as the International Plant Protection Convention (IPPC) by the European Commission, is driving product demand in Europe. Furthermore, the regional market is expected to be driven by an increase in the adoption of air purifiers in several countries, including Germany, France, Italy, and Spain.

Competitive Landscape

The prominent players of the global filters market involve 3M, Airex Filter Corporation, Koch Filter, Freudenberg Filtration Technologies SE & Co. KG, Donaldson Company, Inc., The Camfil Group, Parker-Hannifin Corporation, DENSO Corporation, Clark Air Systems, Spectrum Filtration Pvt. Ltd., and among others

Market Segmentation

Market By Product

Fluid Filters
ICE Filters
Air Filters

Market By Application

Motor Vehicles
Consumer Goods
Industrial & Manufacturing

Market By Geography

North America
•    U.S.
•    Canada

•    U.K.
•    Germany
•    France
•    Spain
•    Rest of Europe

•    China
•    Japan
•    India
•    Australia
•    South Korea
•    Rest of Asia-Pacific

Latin America
•    Brazil 
•    Mexico
•    Rest of Latin America

Middle East & Africa
•    GCC
•    South Africa
•    Rest of Middle East & Africa

Frequently Asked Questions

Filters market is expected to reach a market value of around US$ 95.5 Bn by 2027.

The filters market is expected to grow at a CAGR of around 4.8% from 2020 to 2027.

Based on product, ICE filters segment is the leading segment in the overall market.

Technological advancements is one of the prominent factors that drive the demand for filters market.

3M, Airex Filter Corporation, Koch Filter, Freudenberg Filtration Technologies SE & Co. KG, Donaldson Company, Inc. , The Camfil Group, Parker-Hannifin Corporation, DENSO Corporation, Clark Air Systems, Spectrum Filtration Pvt. Ltd., and among others.

Asia Pacific is anticipated to grab the highest market share in the regional market

North America is expected to be the fastest growing market in the forthcoming years

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