Automotive Fluid Filter Market Global Trends & Forecast to 2019

The global fluid filter market attained a market size, in terms of value, of $823.1 million in 2014, and is expected to reach $1,463.7 million by 2019, at a CAGR of 12.2 % from 2014 to 2019.Asia-Pacific is expected to hold a market share, in terms of volume, of 55.2% in the fluid market by 2019

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2% from 2014 to 2019. The fluid filter market is segregated on the basis of region into Asia-Pacific, North America, Europe, and RoW. The market is driven by factors such as increasing vehicle production, stringent emission norms, increasing adoption of personal cars for daily commutes in emerging economies, and small but efficient filters.

A factor hindering market growth is longer drain intervals.Fluid filters are crucial for the removal of sludge and dirt from oil and fuel (in turn reducing vehicle emissions through complete combustion of fuel), increasing engine service life, and lowering annual consumption of fuel. Asia-Pacific occupies the largest market share, in terms of value, and is estimated to grow from $446.3 million in 2014 to $841.

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