Pleated Filters Market Trends, Opportunities, and Growth Insights
The global pleated filters market size is expected to reach USD 16.95 billion by 2030, expanding at a CAGR of 3.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for air filtration across the manufacturing industries is anticipated to propel the pleated filters market growth over the forecast period. The factors such as growing environmental concerns and stringent regulatory framework have resulted in companies investing heavily in air filtration techniques and processes. In addition, the strict regulations and policies that govern the water treatment for both domestic and industrial waste-water is expected to promote the demand for pleated filters. Buyers are expected to have low to medium bargaining power on account of use of pleated filters across a number of end-user industries. In addition, superior performance of the pleated filters is expected to attract the buyers towards the use of the product in comparison ...