Filters Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030

The Global Filters Market Size accounted for USD 74.6 Billion in 2021 and is estimated to achieve a market size of USD 111.9 Billion by 2030 growing at a CAGR of 4.8% from 2022 to 2030. With rising pollution levels in the atmosphere worldwide, regulatory authorities have enacted numerous clean air standards, which are the key factors driving the filter market growth. Furthermore, increased emphasis on reducing emissions from industrial and automobile applications is predicted to propel the filter market growth over the projected period.

Filters Market Report Key Highlights

• Global filters market revenue is predicted to rise by usd 111.9 billion by 2030, with a 4.8% CAGR from 2022 to 2030.
• According to study, air pollution is responsible for 11.65% of all deaths worldwide
• Asia-Pacific has accounted largest market share in 2021 of around 42%
• By product, ICE filters segment has contributed more than 41% market share in 2021
• Among application, motor vehicles segment has garnered 44% market share in 2021
• According to the Environmental Protection Agency, cars are responsible for around 75% of CO2 emissions in the US

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.

Global Filters Market Dynamics

Market Drivers

• Rapid industrialization and urbanization in emerging regions
• Rising demand from the automobile industry
• Increasing emphasis on reducing industrial emissions
• Growth in the cement and mining industries

Market Restraints

• Slow adoption of reforms for pollution control
• Unfavorable economic circumstances

Market Opportunities

• Increasing investments in air quality improvement
• Rising demand for replaceable air filters

Filters Market Report Coverage

Rising Focus On The Reduction Of Emissions From Several Industries Bolsters 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 Wastewater Treatment Has 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 wastewater treatment. Sand filters and media bio-filters are examples of these.

Filters Market Segmentation                            

The worldwide filters market segmentation is based on the product, application, and geography.

Filters Market By Product

• Fluid Filters
• ICE Filters
• Air Filters

According to the filters industry analysis, the ICE filters segment is 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. The 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.

Filters Market By Application

• Motor Vehicles
• Utilities
• Consumer Goods
• Industrial & Manufacturing
• Others

According to the filters market forecast, the consumer goods segment is expected to grow significantly in the market over the forecasting years. 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. Moreover, rising demand for consumable and portable electronic devices drives the segment's growth.

Filters Market Regional Outlook

North America

• U.S.
• Canada

Europe

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

Latin America

• Mexico
• Brazil
• Rest of Latin America

Asia-Pacific

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

The Middle East & Africa (MEA)

• Gulf Cooperation Council (GCC)
• South Africa
• Rest of the Middle East & Africa