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Filters Market Extend To $ 110.8 Billion by 2026

David Miller
Filters Market Extend To $ 110.8 Billion by 2026

Mar 12, 2020: The global Filters market size is expected to reach USD 110.8 billion by 2027, expanding at a CAGR of 5.1%, according to a new report by Radiant Insights, Inc. Rapid technological advancements coupled with growing demand for filtration for industrial, commercial, and household purposes is anticipated to drive the market.

Presence of stringent regulatory framework, which stipulates lowering of the exhaust emissions, is anticipated to boost the product demand in the automotive industry. In addition, increasing investments towards the installation of high-quality filters in the cars for cabin air filtration by the automobile manufacturers is anticipated to benefit market growth over the forecast period.

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Growing population, depletion of water resources, and contamination of ground and surface water has resulted in an increased adoption of water treatment processes to improve the water quality. In addition, rapid industrialization in developing economies such as Asia Pacific is anticipated to further result in shortage of potable water, which is likely to promote the demand for water filtration systems.

Major market players such as Affinia Group Intermediate focus on integrated third party production/distribution and supply directly to end-use companies. In addition, companies have taken strong measures to develop theirproduct portfolio and increase their production capacity with an aim to gain a better foothold in the market.


Further key findings from the report suggest:

  • The ICE filters segment accounted for USD 32.9 billion in 2019 and is projected to witness strong growth over the forecast period on account of growing production of automobiles and rising spending power among people across the globe
  • The motor vehicle application segment is anticipated to reach USD 55.9 billion in 2027 owing to growing demand for vehicles coupled with rising environmental awareness across the globe
  • The filters market in Europe is projected to witness a CAGR of 3.7% from 2020 to 2027 and reach USD 25.2 billion in 2027 due to the implementation of stringent regulations by government authorities to control the emission level from automobiles and industrial exhaust emissions in the region
  • The market in Asia Pacific accounted for USD 32.1 billion in 2019 and is estimated to grow at a CAGR of 6.4% over the forecast period. Rapid industrialization in the region coupled with implementation of government regulations related to the industrial emission is projected to benefit market growth
  • The industry in India is estimated to exhibit a CAGR of 7.8% owing to the increasing product demand on account of the rising number of water purification projects introduced in the country.

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Table of Contents

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

1.3. List Of Data Sources

Chapter 2. Executive Summary

2.1. Filters Market Snapshot

Chapter 3. Filters Market Variables, Trends, & Scope

3.1. Market Segmentation And Scope

3.2. Value Chain Analysis

3.3. Vendor Landscape

3.4. Raw Material Trends

3.5. Regulatory Scenario

3.6. Technological Landscape

3.7. Market Dynamics

3.7.1. Market Driver Analysis Growing automotive demand Growing demand for water treatment processes Growth of global air filtration industry

3.7.2. Market Restraint Analysis Exposure to nanoparticles

3.8. Key Opportunities - Prioritized

3.9. Global Filters Market - Company Market Share Analysis

3.10. Filters Market - Porter’s Analysis

3.10.1 Supplier Power

3.10.2 Buyer Power

3.10.3 Substitution Threat

3.10.4 Threat from New Entrant

3.10.5 Competitive Rivalry

3.11 Filters Market - PESTEL Analysis

3.11.1 Political Landscape

3.11.2 Environmental Landscape

3.11.3 Social Landscape

3.11.4 Technology Landscape

3.11.5 Economic Landscape


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About Radiant Insights:
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

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