Filters: View Summary of This Report @
Filters: View Summary of This Report @
Filters: View Summary of This Report @
The Global Filters Market is expected to reach USD 88.19 billion by 2020, according to a new
study by Grand View Research, Inc. Growing consumer awareness on account of rising
environmental concerns is expected to remain a key driving factor for the global market. In
addition, favorable regulatory scenario coupled with increasing demand for automobile and
consumer goods is also expected to have a positive influence on market growth. Credible threat
from substitute products and unstable raw material supply are expected to be key challenges for
market participants.
ICE (Internal Combustion Engine) filters was the largest product segment and accounted for
44.7% of total market revenue in 2013. Positive outlook on the automobile industry, especially in
high growth markets of China, India and Brazil is expected to drive ICE filter demand. Fluid
filters are expected to be the fastest growing product, at an estimated CAGR of 7.3% from 2014
to 2020. Regulatory focus on providing purified drinking water is expected to drive the demand
for fluid filters over the next six years.
View summary of this report @ http://www.grandviewresearch.com/industryanalysis/filters-market
Motor vehicles emerged as the leading application segment and accounted for over
51.5% of the total market revenue in 2013. Increasing automotive demand coupled with
stringent regulations to cut down vehicular emissions is expected to drive demand.
Consumer goods are expected to be the fastest growing application segment, at an
estimated CAGR of 8.3% from 2014 to 2020. Growing consumer awareness regarding
benefits offered by using purified water is expected to fuel demand for filters in this
segment.
Asia Pacific continued its dominance in the global market and accounted for 37.8% of
total market revenue in 2013. China, being the largest global automobile manufacturer, is
also the largest consumer for filters followed by India. Asia Pacific is also expected to be
the fastest growing regional market for the filters, at an estimated CAGR of 7.9% from
2014 to 2020.
Key market participants include Affinia Group Intermediate Holdings, ACDelco,
Caterpillar Incorporated, DENSO Corporation, Johnson Matthey plc, Parker-Hannifin
Corporation, BRITA GmbH, Procter & Gamble Company, Pall Corporation, Clarcor
Incorporated, MANN+HUMMEL Gmbh, Visteon Corporation, Cummins and Donaldson
Company.
Contact:
Sherry James
Corporate Sales Specialist, U.S.A.
Grand View Research, Inc.
United States
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Website: http://www.grandviewresearch.com/
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