Global Filters Market Size, Forecasts, And Opportunities – Includes Filters Market Trends
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The global filters market is expected to grow from $68.28 billion in 2021 to $72.23 billion in 2022 at a compound annual growth rate (CAGR) of 4.95%. The global filters market size is expected to grow to $94.30 billion in 2026 at a compound annual growth rate (CAGR) of 6.89%.
The rapidly increasing adoption of air purifiers due to increasing toxic gas release in the air causing sever health hazards is expected to fuel the demand for filters.
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The filter market consists of sales of filters by entities (organizations, sole traders, and partnerships) that refer to a porous substance or material, such as a paper or sand, through which a liquid or gas is passed to remove floating particles. Filters are used to remove impurities from air, gas, and liquid. Filters are used in various industries such as automotive, consumer goods, manufacturing, and others.
Global Filters Market Segments Include:
By Product: Fluid Filters, ICE Filters, Air Filters
By Distribution Channel: Offline Stores, Online Stores
By Application: Motor Vehicles, Consumer Goods, Utilities, Industrial and Manufacturing, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global filters market in 2021.
Nanotechnology is a key trend gaining popularity in the filter market. Nanotechnology in filters refers to the use of nanomaterials, and nanoparticles to improve the performance of filters. One such filter system based on nanotechnology is a nanotech-based water purification system that is thought to be modular, highly efficient, and cost-effective compared to traditional water filtration procedures. These systems are made up of carbonaceous nanomaterials, metal oxide nanoparticles, zeolites, and other nanomaterials that are integrated into a polymeric matrix to improve the performance of traditional polymeric membranes.
TBRC’s Filters Market Report Covers:
Major Market Players: 3M Company, 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, MANN+HUMMEL, Clear Edge Filtration Group, Pall Corporation, Danaher Corporation, TFI Filtration (India) Private Limited and Aarkays Air Equipment Private Limited.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Filters Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides filters market overviews, analyzes and forecasts market size, share, filters market players, filters market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s filters market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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