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Hydrocarbon Absorption Filters Market To 2027 Surge At A Robust Pace In Terms Of Revenue

01-29-2020 11:39 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

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Hydrocarbon Absorption Filters Market To 2027 Surge At A Robust

Hydrocarbon Absorption Filters Market for Automotive Introduction

Hydrocarbon absorption filters for automotive are used to remove hydrocarbons from the oil and gas in the vehicle by employing advanced polymer material. The polymer used as material for the filters chemically binds and absorbs the molecule of hydrocarbon. Another process by which the hydrocarbon is removed from the fluid is absorption of the molecule through the surface of the material onto the filtration medium. The smart filtration technology absorbs pollutants too efficiently with the molecules of hydrocarbon.

Hydrocarbon absorption filters market for Automotive - Competitive Landscape

Key players having global and regional presence in the market for hydrocarbon absorption filters market for automotive include Racor, FTC Houston, AKHELEC, National Oilwell Varco, Capture Green, GEI Works, Clean Flow Filter Solution, Parker, TIGG, Albarrie, Koshin Kogaku Co., Ltd., MANN+HUMMEL GmbH, Sogefi SpA, Robert Bosch GmbH, and K&N Engineering. Advancements in materials and continuous development in the technology and processes are likely to improve the overall quality of filters, which in turn is estimated to boost the lifespan of filters.

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Sogefi SpA

On March 04, 2019, Sogefi SpA launched its new cabin air filter at Automechanika Frankfurt. It is expected to be available for order through the aftermarket brands Tecnocar, Purfluxand, FRAM.

MANN+HUMMEL GmbH

On September 19, 2018, MANN+HUMMEL GmbH introduced the WAVELOCK spin-on filter concept at Hannover. Easy, quick, and clean servicing can be achieved by this innovation. Key purpose of this development is for off-road applications. A major part of the concept is a bayonet lock that firmly links the head of the filter to the spin-on filter.

On September 19, 2018, the Company also showcased Plastic-aluminum hybrid design for highly stressed liquid filter modules. The application is limited for thermally and mechanically highly stressed components.

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Hydrocarbon Absorption Filters Market for Automotive: Dynamics

Increasing emission standards

Emission standards are a set of quantitative limits on the permissible amount of air pollutants that may be released from vehicles over a limited time frame. These standards are designed to achieve air quality standards and to protect human health. Rising concerns about the environment due to emission of harmful gases, such as CO2, has resulted in stringent air emission norms globally. In April 2017, the Government of India implemented BS IV norms across the country, in a phased manner. The BS V emission norms are expected to be implemented in 2020/2021. BS VI would be implemented from 2020, instead of 2024, skipping the BS V due to significant rise in pollution in major cities of the country.

Increasingly stringent regulations are likely to drive the vehicle market. Companies operating in the automotive filter market are anticipated to invest heavily in research & development to develop new and technologically advanced filters. This, in turn, is anticipated to propel the hydrocarbon absorption filters market for automotive during the forecast period.

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Increasing production of vehicles

Since the economic crisis of 2009, production of vehicles has been rising consistently in developed countries such as the U. S. and China. Countries in Latin America such as Brazil and Argentina have been witnessing a recovery from political and economic disturbances since 2014. This is estimated to boost the market for vehicles and consequently, the hydrocarbon absorption filters market for automotive owing to a rise in the production of the vehicles, which in turn is anticipated to drive the demand for hydrocarbon absorption filters.

Rising concern about health of the vehicle

The health of the engine needs to be maintained periodically to increase the life of the vehicle. Consequently, continuous lubrication is required to prevent corrosion of the transmission system, engine components, and braking system owing to regular friction. Moreover, components need to be cooled, as excess heat can cause a major issue in the engine. Increased vehicle production across the globe for various applications is fueling the global hydrocarbon absorption filters market for automotive.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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