Filters are devices consisting of multiple layers of porous materials, that are used for purification of fluids and air, by removing impurities. Filter porous materials are made up of polyester films, cotton, woven or knitted fabrics, paper or any other synthetic or organic materials. Increasing concerns of environmental pollution are expected to drive the filters market over the forecast period. Stringent governmental regulations regarding vehicular emission control such as EURO VI, BS V norms etc. coupled with restrictions on industrial pollution are also expected to fuel the market growth over the forecast period. Growing demand for automobiles as well as consumer goods is expected to boost the market growth over next six years.
However, many companies are doing R&D for development of substitution devices for filters. Risk of substitution is expected to be a key challenge in for the growth of filters market. Various product types of filters can be classified based on the functions. It includes fluid filters, IC engine filters and air filters. IC Engine filters dominate the overall market share of filters market due to increasing demand of automobiles. Air filters are used widely to filter emitted gases from various industries. Fluid filters are widely used for water purification plants as well as in industries. Various applications of filters includeuse of filters in automotive, consumer applications, utilities, industrial and manufacturing and other applications. Automotive application segment dominates the overall filters market.Growing industrialization coupled with governmental restrictions on emission is expected to boost the market for industrial filters.
The key products of filters analyzed in this report include fluid filters, IC Engine filters and air filters. IC Engine filters dominated the overall market share in terms of revenue of the global filters market in 2013. Growing demand of automobiles in Asia Pacific region is expected to boost the market growth over next six years. China, being the leading automotive manufacturer, is the leading consumer for IC Engine filters, followed by India. Stringent government regulations regarding vehicular emission control such as EURO VI, BS V etc. are also expected to fuel the market growth over the forecast period. Threat of replacement of IC Engine filters is expected to be key challenge for manufacturers. IC Engine filters segment was followed by fluid filters segment. Fluid filters are widely used in industries and municipal water purifications systems. Increasing need of water purification is expected to help this segment to grow.
Various applications of filters studied in this report include automotive, consumer applications, utilities, industrial, manufacturing and other applications. Automotive applications dominated the overall filters market in 2013. Filters are used in automobiles to filter intake air, oil, fuel etc. Growing automotive market and stringent regulations regarding emission control are expected to drive the market growth for this segment over the forecast period. Automotive application segment is followed by industrial and manufacturing application segment. Increasing concerns about environmental pollution caused by industries coupled with stringent government regulations are expected to drive the growth of this application segment over the forecast period.
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Asia Pacific region dominated the global filters market in terms of revenue. Growing automotive industry and increasing numbers of automotive manufacturers in emerging markets such as China and India are expected to be key factors boosting the market growth. Growing industrialization in Asia Pacific is also expected to fuel the market growth over the forecast period. Apart from being the largest consumer, Asia Pacific is also expected to be the fastest growing region over next six years. Stringent rules restricting vehicular emission in Europe and North America are expected to help the filters market to grow.
The global filters market is significantly fragmented, with a number of companies opertating on the multinational as well as domestic level. Key market participants include Parker-Hannifin Corporation, Affinia Group Intermediate Holdings, Parker-Hannifin Corporation, BRITA GmbH, Pall Corporation, Clarcor Incorporated, MANN+HUMMEL, Cummins and Donaldson Company.
Key questions answered by the report
- What was the size of the filters market in 2013; what are the expected growth trends and market forecast for 2014 to 2020
- Which companies were the leaders in 2013, what are their current products and what are the strategic initiatives taken by them
- What opportunities are available to these and other contenders in this space
- What are the barriers and opportunities in the filters market
- Which were the top-performing product segments in 2013? How will these segments perform in 2020
- Which were the top-performing applications segments in 2013? How will these segments perform in 2020
- Which were the top-performing regional markets in 2013? How will these markets perform in 2020