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 to the conventionally used filtration systems which is expected to benefit growth
Key players are notably investing in research and development activities and continuously launching new products and services in the market to enhance customer lifetime value, thereby leading to market growth. In addition, the companies are also involved in the development of new sustainable products and solutions offering improved efficiency and better value to the customers.
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Air filters accounted for a market share of 50.6% in 2022, owing to higher durability coupled with the wider surface area for filtration, thereby prompting its use in HVAC systems
The industrial application segment is anticipated to witness a significant growth over the forecast period, owing to the rapid industrialization in the developing economies such as China, India, and Brazil
The market for pleated filters in Asia Pacific is projected to grow at a CAGR of 4.9% from 2023 to 2030, due to the growing demand across the well developed electronic and chemical & petrochemicals industries
Key participants are taking efforts to increase market penetration & presence and offer expanded product offerings in the market segments.
Grand View Research has segmented the global pleated filters market based on product, application, and region:
Pleated Filters Product Outlook (Revenue, USD Million, 2018 - 2030)
Food & Beverage Filters
Pleated Filters Application Outlook (Revenue, USD Million, 2018 - 2030)
Paints & Coatings
Chemicals & Petrochemicals
Oil & Gas
Food & Beverage
Pleated Filters Regional Outlook (Revenue, USD Million, 2018 - 2030)
Central & South America
Middle East & Africa
List of Key Players in Pleated Filters Market
Donaldson Company, Inc.
Honeywell International Inc.
Freudenberg Filtration Technologies GmbH & Co. KG
PARKER HANNIFIN CORP
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