Press release
Filters Market Forecast: Exponential Growth | $120.24 Billion by 2029 | Drivers, Key Players, and Trends
Filters Market Forecast
What Is The Projected Market Size Of The Global Filters Market And Its Growth Rate?
• The filters market has experienced robust growth recently. The market size is expected to escalate from $83.67 billion in 2024 to $90.04 billion in 2025, growing at a 7.6% CAGR.
• The market growth can be credited to rigorous environmental regulations, air quality standards, rise in industrialization and urbanization, awareness of air and water pollution control, expansion of automotive and transportation industries, and demand for clean and safe drinking water.
• By 2029, it will further accelerate to $120.24 billion, growing at a CAGR of 7.5%. This projected growth is due to the focus on indoor air quality in commercial and residential spaces, expansion of food and beverage processing industries, adoption of advanced filtration in semiconductor manufacturing, R&D in next-gen filter technologies, and filter customization for specialized industrial applications.
What Is Driving The Growth In The Filters Market?
The uptrend in the filter market is significantly driven by the rise in surgical procedures globally. Surgical procedures are now often performed to treat diseases, injuries, or deformities resulting from advancements in medical technology, enhanced access to healthcare services, and an increase in chronic diseases requiring surgical intervention for treatment. Filters play a crucial role in surgical procedures by ensuring the purity and sterility of medication solutions, hence reducing contamination or infection risk during surgeries. For example, according to the British Association of Aesthetic Plastic Surgeons, the number of cosmetic surgical procedures performed in the UK soared 102% from the previous year to 31,057 in 2022.
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Who Are the Key Players Driving Filters Market Growth?
Prominent players operating in the filters market include:
• Pall Corporation
• Parker Hannifin Corporation
• Donaldson Company Inc.
• Eaton Corporation
• Mann+Hummel Group
• Sogefi Group
• Ahlstrom-Munksjö
• Freudenberg Filtration Technologies
• Camfil AB
• Filtration Group Corporation amongst others
What Are The Key Trends In The Filters Market?
Key market trends include:
• Nanofiber technology for enhanced filtration
• Smart and IoT-enabled filtration systems
• High-efficiency particulate air (HEPA) and ultra-low penetration air (ULPA) filtration
• Modular and customizable filtration solutions
• Activated carbon and charcoal filters for odor and VOC removal
What Are The Segments Of The Global Filters Market?
The global filters market is segmented by:
1) Product: Fluid Filters, ICE Filters, Air Filters
2) Distribution Channel: Offline Stores, Online Stores
3) Application: Motor Vehicles, Consumer Goods, Utilities, Industrial And Manufacturing, Other Applications
Which Region Leads The Filters Market?
Asia-Pacific dominated the filters market in 2024. The report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Filters Market Global Market Report?
- Market Size Analysis: Analyze the Filters Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Filters Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Filters Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Filters Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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