Filters Market size is expected to reach USD 112.87 billion by 2030

 Filters Industry Overview

The global filters market size was estimated at USD 72.33 billion in 2021 and is expected to grow at a compounded annual growth rate (CAGR) of 5.1% from 2022 to 2030.

Growing emphasis on the reduction of emissions from automotive and industrial applications is expected to drive market growth over the forecast period. An increase in product usage in several consumer goods, such as air and water purifiers, is expected to have a positive impact on the industry growth. The rapidly growing adoption of air purifiers in homes, hotels, restaurants, airplanes, and train compartments for killing harmful microbes, such as bacteria and viruses, is expected to open new opportunities for market growth.

Gather more insights about the market drivers, restrains and growth of the Global Filters Market


The market in the U.S. is expected to exhibit high growth on account of factors rising product demand from the automotive industries as per the environmental regulations laid down by the Environmental Protection Agency (EPA) for the installation of air emission control solutions in vehicles. In addition, economic revival and government initiatives to promote environmental protection are expected to drive market growth in the country. The global market growth is also credited to the increasing focus of the government on water treatment schemes for the construction of water treatment facilities due to factors, such as the scarcity of quality drinking water, growing population, and contamination of ground and surface water bodies.

The industry is significantly affected by the availability of raw materials, such as paper, cotton, synthetic textiles & fibers, metals like iron & steel, adhesives, rubber, chemicals, and plastics. Thus, the fluctuations in the raw material prices have a direct impact on the manufacturing costs that limits the industry growth to some extent. The market growth is also expected to be driven by the rise in the global automotive industry on account of the growing population and increasing disposable income levels, especially in the developing regions, such as Asia Pacific, Middle East & Africa, and Central & South America. Filters are used in several applications in the automotive industry, such as oil intake, cabin air filtration, and emission filtration.

 

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports

  • Modular Construction Market: The global modular construction market size was estimated at USD 85.99 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 7.3% over the forecast period.
  • Home Appliances Glass Market: The global home appliances glass market size was valued at USD 7.32 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.0% from 2022 to 2030. 


Key Companies Profile

Some prominent players in the global filters market include:

  • 3M
  • Airex Filter Corp.
  • Koch Filter
  • Freudenberg Filtration Technologies SE & Co. KG
  • Donaldson Company, Inc.
  • Camfil AB
  • Parker Hannifin Corp.
  • DENSO Corp.
  • Clark Air Systems
  • Spectrum Filtration Pvt. Ltd.

 

Order a free sample PDF of Filters Market Intelligence Study, published by Grand View Research. 

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