|05-29-2018 03:16 PM CET - Business, Economy, Finances, Banking & Insurance||
Overview of Polyurethane in Automotive Filter Market with Trends, Opportunities & Competition Tracking till 2026
Press release from: Fact.MR
Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of polyurethane in automotive filter market. The study is titled as “Polyurethane in Automotive Filter Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2026. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global polyurethane in automotive filter market.
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Fact.MR’s new report foresees an average value CAGR of 4.3% for the global polyurethane in automotive filter market over the forecast period, 2017 to 2026. Roughly 250,000 tons of polyurethane are expected to be sold worldwide for the production of automotive filter by 2026-end.
APEJ to Remain Fast-Expanding Market for Polyurethane in Automotive Filter
Asia-Pacific excluding Japan (APEJ) is poised to remain the fast-expanding market for polyurethane in automotive filter, both in terms of value and volume. APEJ countries namely India, China and South Korea are among the top ten largest automobile producers in the world, according to the data provided by Organization International des Constructers automobiles (OICA).
OEMs are primarily focused on establishing and expanding their foothold in APEJ, wherein ample resource availability, favorable industrial regulations, and low-wage workforce continues to support their manufacturing pursuits.
3 Key Future Prospects of Polyurethane in Automotive Filter Market for Forecast Period 2017-2026
1. In terms of value and volume, Asia-Pacific excluding Japan (APEJ) will continue to be the most lucrative region for expansion of the polyurethane in automotive filter market, trailed by Europe and North America. Polyurethane in automotive filter market in APEJ and North America are expected to register the fastest expansion through 2026. Over the forecast period, Europe and North America are likely to witness a significant decline in demand for polyurethane for automotive filter fabrication.
2. On the basis of filter type, engine filters are likely to latch onto a market share nearly double than that of cabin air filters during the forecast period. However, sales of polyurethane for fabrication of cabin air filters are poised to exhibit a significantly higher CAGR than that for engine filters through 2026.
3. Based on vehicle type, value sales of polyurethane-based automotive filter are expected to register the fastest expansion for use in heavy commercial vehicles. However, passenger cars are expected to lead the market, in terms of revenues.
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Passengers Cars to Remain Largest Revenue Contributor to Polyurethane in Automotive Filter Market
Excessive adoption of compressors in passenger cars will remain a major factor propelling demand for polyurethane for production of filters in this vehicle type segment. Passenger cars need additional air filters for cleaning polluted air entering into the cabin through HVAC systems, and manufacturers are adopting polyurethane for fabricating these filters. Revenues from sales of polyurethane for fabrication of filters used in passenger cars are estimated to remain the largest in the market.
Engine filters are expected to prevail as the most remunerative filter type in the market, mainly driven by growing requirement for repair, replacement and maintenance activities. This is mainly because engine filters require periodical servicing needs as compared to cabin air filters.
Growing vehicle parc across the world is expected to create broader automotive filter aftermarket opportunities in the near future. Automotive enthusiast are replacing their OEM filters with aftermarket performance filters that deliver greater performance. This trend is likely to grow further during the assessment period.
Stricter engine evaporative emission and exhaust particulate laws enacted by regulatory bodies have prompted the automobile manufacturers to conduct extensive research in to vehicle fluid and air induction systems. Fact.MR’s report has profiled key players that support the market growth, which include Donaldson Company, Inc., MAHLE GmbH, Robert Bosch GmbH, Denso Corporation, Valeo SA, UFI FILTERS spa, Freudenberg Filtration Technologies SE & Co. KG, K&N Engineering, Inc., ALCO Filters Ltd, Hengst SE & Co. KG, and Mann+Hummel GmbH.
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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Industrial Goods market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
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This release was published on openPR.
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