Global Air Filters Market Forecast and Opportunities, 2020

Growing construction industry and rapid industrialization across the globe have been influencing the indoor and outdoor air quality. Growing concern regarding indoor air quality and its health effects has been the key factor driving the market for air filters, globally. Demand for air filters has also been surging on account of stringent standards with regard to work environment across various industries. Industries have been focusing on new installations as well as retrofitting of existing systems with quality air filters to comply with industrial dust emission standards. Although, global air filters market registered sluggish growth post global recession and Eurozone crisis, the market is expected to witness moderate growth through 2020, owing to economic recovery and increase in disposable income of consumers. Moreover, a large number of construction projects are being undertaken across the world, affecting air quality and thereby escalating demand for air filters, globally.

According to “Global Air Filters Market Forecast & Opportunities 2020”, global market for air filters is projected to surpass USD19 billion through 2020. HVAC, automotive and bag house air filters are the dominant segments in the market, followed by cleanroom air filters and gas turbine air filters. Although air filters penetration remained highest across Americas during the initial years of their development, over the last few years, Asia-Pacific has emerged as the most prominent market for air filters across the globe. Asia-Pacific is currently dominating the market on account of growth in end use segments. Booming construction industry with new construction projects, in addition to renovation projects, has been adding to growth in the market for medium efficiency filters. Asia-Pacific has also been witnessing entry of giant pharmaceutical players in the market to cater to the domestic and export demand. Pharmaceutical industry demands extensive use of HEPA filters for HVAC systems and...