Air Filtration Media Market size was valued at USD 429.34 Million in 2023 and is anticipated to exceed USD 1 Billion by the end of 2036, expanding at over 6.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of air filtration media is evaluated at USD 455.62 Million. The growth of the market can be attributed to the increasing need to filter the air owing to increasing air pollution across the world. The growing pollution caused by automobiles with rising requirements for personal vehicles as well as disposable income is estimated to propel the market growth. The disposable income of people in the U.S. is estimated to reach more than USD 6070 billion by the end of 2023.
The increasing occurrence of diseases of the respiratory system owing to the inhalation of minute dust particles in the air is estimated to propel the market growth. The increasing air pollution in households caused by cooking in the kitchen is also estimated to hike the market growth during the forecast period. The number of individuals who died from household air pollution in the year 2020 was expected to reach more than 3 million worldwide, including over 235,000 children. The release of microplastic from various sectors around the globe is estimated to drive the growth of the market during the forecast period.
Author Credits: Richa Gupta
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