Air Filtration Media Market Trends
Growth Drivers
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Growing Industrialization and Urbanization across the World with Increasing Economic Standards –
Industries such as wood, plastic, and metal manufacturing units generate huge amounts of particles that are not visible to the naked eye but when inhaled leads to many complications. In developed countries rising occupational respiratory tract illnesses in the mining sector around the world are also expected to boost market expansion over the forecast period.
As per the predictions made in 2020, more than 60% of people across the world are estimated to live in developed countries by the end of 2050.
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Stringent Regulation Regarding Emissions to Reduce Environmental Pollution around the Globe – The United States Environmental Protection Agency declared new standards in 2023 for passenger cars and light trucks on greenhouse gas emissions.
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Rising Health Issues of the Respiratory Tract with Inhalation of Pollutant Air – As of Pan American Health Organization in 2019, more than 534,000 people died of chronic respiratory diseases in the U.S.
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Increasing Air Pollution with the Use of Automobiles across the World – As of 2021, the pollution released in the atmosphere of the United States was estimated to be more than 65 million tons.
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Escalating Mining Works and Extraction of Minerals and Metals from Ores – The global value of mining works in 2020 was estimated to be more than USD 1640 billion and reached USD 1840 billion by the end of 2021.
Challenges
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High Ozone Emissions via Air Filters –
The air filters work by consuming ionizers and electrostatic precipitators or any other devices which are estimated to release ozone. This is estimated to be harmful as it is absorbed physically and inhaled as gases in the human body.
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High Cost Associated with Air Filters
Lack of Awareness of Risks Caused by Dust particulates
Air Filtration Media Market: Key Insights
Regionally, the global market is segmented into five major regions comprising North America, Asia Pacific, Europe, South America, and Middle East & Africa. Among the markets in these regions, the Asia Pacific air filtration media market is estimated to hold leading market share throughout the forecast period by attaining a revenue of USD 1,609.5 Million in 2021 and USD 2,919.8 Million in 2028, and growing at a CAGR of 9.01%. China in the Asia Pacific region is expected to garner a revenue of USD 934.5 Million in 2021 while the number for Japan is projected to be USD 269.7 Million for the same year.
North America market is projected to hold second leading stance by garnering a revenue of USD 1,134.1 Million in 2021 and USD 1,719.7 Million in 2028 owing to the increasing application of air filtration media in the primary industries, including healthcare. In North American region, the United States is projected to generate significant growth opportunities for the market growth by attaining a revenue of USD 992.4 Million in 2021 while Canada is projected to reap USD 141.7 Million in revenue during the same year. The growing spread of infectious diseases coupled with rising air pollution levels in the atmosphere due to industrialization & urbanization in some areas has created major opportunities for the growth of the air filtration media market. Besides, the production of vehicles in North America is gradually increasing. In 2010 total vehicles produced were 98, 11,282, which rose to 1, 27,96,604 in the year 2019.
Vehicles are one of the major sources of air pollution. As a result, the requirement for air filtration media in the automotive manufacturing sector has increased significantly. Clean Air Act 1970, in North America, has imposed significant guidelines to decrease the level of toxicity in the atmosphere. Thus, the end-user industries, including healthcare, automotive, manufacturing, equipment handling, and others, are adopting technologically advanced air filtration media to supply purified air in the atmosphere. Additionally, the presence of major players in this region has created significant growth opportunities for the market. The players are developing new strategies and ideas to introduce better products in the market.
The Asia Pacific region accounts for a substantial share on the back of extremely high level of toxic air quality in some of the Asian countries such as India, Pakistan, and others. China is the leading country in this region for this market, on the back of surged up customer expenditure, growing economic growth, and transitioning spending behavior of the key players. Additionally, promising policy involvements coupled with supportive sectoral improvements supporting the incorporation of sustainable and environmentally friendly components are expected to intensify the industry growth. This is estimated to drive market growth in the region. Additionally, the market in Latin America accounted for around USD 393.06 Million in 2021 and is estimated to witness growth in upcoming years. CLICK TO DOWNLOAD SAMPLE REPORT
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
6.9% |
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Base Year Market Size (2024) |
USD 458.96 million |
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Forecast Year Market Size (2037) |
USD 1.09 billion |
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Regional Scope |
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