China Filters Market Size & Outlook, 2021-2030
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China filters market highlights
- The China filters market generated a revenue of USD 14,018.4 million in 2021 and is expected to reach USD 23,914.4 million by 2030.
- The China market is expected to grow at a CAGR of 6.1% from 2022 to 2030.
- In terms of segment, ice filters was the largest revenue generating type in 2021.
- Air Filters is the most lucrative type segment registering the fastest growth during the forecast period.
Filters market data book summary
| Market revenue in 2021 | USD 14,018.4 million |
| Market revenue in 2030 | USD 23,914.4 million |
| Growth rate | 6.1% (CAGR from 2021 to 2030) |
| Largest segment | Ice filters |
| Fastest growing segment | Air Filters |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fluid Filters, ICE Filters, Air Filters |
Other key industry trends
- In terms of revenue, China accounted for 19.4% of the global filters market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China filters market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,088.2 million by 2030.
Ice filters was the largest segment with a revenue share of 41.02% in 2021. Horizon Databook has segmented the China filters market based on fluid filters, ice filters, air filters covering the revenue growth of each sub-segment from 2018 to 2030.
The rising demand for consumer goods including purifiers, conditioners, and filtration products, on account of increasing concerns regarding environmental air quality, and upscaling income levels are expected to promote the production in electrical & electronics segment across the country.
Rapid industrialization over the past years coupled with easy regulations related to industrial discharge has resulted in severe environmental issues. The Chinese government implemented the Air Pollution Prevention and Control Action Plan in 2013 as an effort to improve the air quality in the country.
The implementation of the action plan is expected to promote various air filtration techniques, thereby driving the demand for filters in China.
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Filters Market Scope
Filters Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Dayton Superior | View profile | 5001-10000 | Miamisburg, Ohio, United States, North America | http://www.daytonsuperior.com/default.aspx |
| CTS Cement Manufacturing Corporation | View profile | 101-250 | Garden Grove, California, United States, North America | http://ctscement.com |
| LATICRETE International | View profile | 1001-5000 | Bethany, Connecticut, United States, North America | https://laticrete.com |
| MYK Arment | View profile | 501-1000 | Hyderabad, Andhra Pradesh, India, Asia | https://mykarment.com |
| TCC Materials | View profile | 251-500 | Mendota, Minnesota, United States, North America | http://tccmaterials.com |
| Larsen Building Products | View profile | 101-250 | Belfast, Belfast, United Kingdom, Europe | https://larsenbuildingproducts.com |
| Durabond Products | View profile | 11-50 | Scarborough, Ontario, Canada, North America | https://www.durabond.com |
| Duraamen Engineered Products | View profile | 11-50 | Boston, Massachusetts, United States, North America | http://www.duraamen.com |
| USG | View profile | 5001-10000 | North Chicago, Illinois, United States, North America | https://www.usg.com/ |
| Sika AG | View profile | 33547 | Zugerstrasse 50, Baar, Switzerland, 6340 | https://www.sika.com |
China filters market size, by type, 2018-2030 (US$M)
China Filters Market Outlook Share, 2021 & 2030 (US$M)
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