Press release
Sales Revenue of Polyurethane in Automotive Filter Market To Surge in Near Future Owing To Rapid Adoption Across Key Industries : Fact.MR
The global polyurethane in automotive filters market is estimated at USD 791 Million in 2022 and is forecast to reach USD 1.2 Billion by 2032, growing with a CAGR of 4.5% from 2022 to 2032.Fact.MR- a market research and competitive intelligence provider, foresee a thriving growth in polyurethane in automotive filters demand. The global polyurethane in automotive filters market is expected to grow at 4.5% CAGR during 2022-2032 and surpass the value of USD 1.2 Billion by the end of 2032. The global automotive filter market is expected to reach USD 18 Billion in 2022, whereas polyurethane in automotive filters market is likely to hold for around 5% in overall automotive filter market.
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Key Segments Covered
By Filter Type
Engine Filters
Cabin Air Filters
By Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Other Vehicle Types
Competitive Landscape
Fact.MR has profiled the following key polyurethane in automotive filters manufacturers in its report 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 etc.
Key manufacturers are constantly innovating product designs to meet the modern day challenges pertaining to components placement in the engine environment.
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Under filter type which segment is likely to witness accelerated growth?
At present, engine filters holds a market share of 66% in 2021. However, there is a prospect that huge investments into this promising filter could make it much more significant in the longer term. Not just valves and horsepower, component manufacturers are increasingly utilizing polyurethane in automotive filters to keep the motors clean and maintain overall engine health.
The emerging markets, including Mexico, Brazil and India are under the spotlight. The growth of the economy in these countries has attracted a number globally renowned car manufacturers towards them. The demand for both commercial and passenger vehicles has grown significantly in these countries. The rising automotive production remains a major driver for the global automotive filters market.
The polyurethane's adoption in engine filters is anticipated to account for a valuation of USD 846 Million during the end of assessment period, hence, creating significant growth opportunities for raw materials and component manufacturers.
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Why Japan is a pivot point for polyurethane in automotive filters manufacturers?
The automotive industry has been an important growth engine for Japan's economy. The Japanese auto industry has consistently relied on innovation to adapt to the rapidly changing environment of automotive world. It is no wonder that Japanese automakers maintain their dominant position in the modern automotive era. Japan is expected to hold a valuation of more than USD 20 Million by the end of 2032.
The auto industry is vast in Japan accommodating a wide range of sub-sectors right from component manufacturing to vehicle production to auto-related servicing.
Source - https://www.factmr.com/report/511/polyurethane-in-automotive-filter-market
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