Pleated Filters Market Revenue Share, Growth Factors, Trends, Analysis & Forecast, 2020–2027

The Pleated Filters market is projected to reach USD 15.18 billion by 2027.

 

 

The growing incidence in the application of HVAC systems by replacing old air conditioners is driving the demand for the market.

The Pleated Filters market is projected to reach USD 15.18 billion by 2027. The sector expects to be powered by increased demand for air filtration across the manufacturing sectors is expected to drive market growth in the pleated filters over the coming years. The factors such as growing environmental issues and a strict regulatory system have led to companies investing heavily in techniques and processes for air filtration. Also, the strict regulations and policies that regulate water treatment for both domestic and industrial waste-water are expected to stimulate the market for pleated filters.

Improving living status has increased disposable earnings, and increasing knowledge of health are some of the factors identified which are expected to drive market growth. The growing need for the implementation of air pollution control equipment anticipates a drive to demand Pleated Filters, especially in developing regions. The ever-increasing health issue, especially among urban youth, is expected to contribute significantly to market growth.

Key companies profiled in the report include

Clarcor Air Filtration, Denso Corporation, Troy Filters Ltd., Airex Filter Corporation, Delta filtration, Koch Filter Corporation, 3M Company, and Midwesco Filter Resources Inc., among others.

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The report is an investigative study that determines market growth and market scope on the basis of market trends, consumer behavior shifts, consumption and production patterns, product portfolio offered by the market, growth rate, drivers and constraints, financial positions, and existing challenges and limitations of the Pleated Filters market.

The report discusses in detail the global production capacity, demand and supply ratio, market dynamics, and comprehensive analysis of the competitive landscape. It provides an industry-wide analysis of the market share of each players along with their business portfolio, production and manufacturing capacity, product portfolio, business expansion plans, financial standing, and strategic alliances such as mergers and acquisitions, joint ventures, and collaborations, among others.

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The regional bifurcation of the market analyzes key market segments such as North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The report discusses in detail the market growth, market size, revenue growth, market share, production and consumption, demand and supply, current and emerging trends, and technological developments in each region.

The key geographical regions analyzed in the market report are:

  • North America (U.S.A., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Pleated Filters Market Segmentation based on Types:

Product Type Outlook (Revenue, USD Billion; 2019-2027)

  • Air Filters
  • Oil Filters
  • Food Beverage Filters
  • Others

Material Type Outlook (Revenue, USD Billion; 2019-2027)

  • Polyester
  • Cotton
  • Paper

Application Outlook (Revenue, USD Billion; 2017-2027)

  • Commercial
  • Residential
  • Chemical Petrochemicals
  • Paints Coating
  • Electronics
  • Industrial
  • Oil Gas
  • Food Beverage
  • Others

Further key findings from the report suggest

  • The higher durability coupled with, the wider surface area for filtration, air filters account for the majority market share. A Significant amount of demand side has been projected to come from the mainly HVAC-led market segment.
  • Pleated filters are more sturdy and efficient than standard fiberglass filters. They also cost less than electrostatic filters, which are super-efficient.
  • The industry expects to be powered by increasing incidence of airborne diseases, as well as rising rates of rapid urbanization hazardous emissions. Increased disposable income and increased health awareness are also some of the factors listed which are expected to stimulate market development.
  • All of the major market players have invested heavily in RD initiatives in recent years, leading to the invention of many innovative products. Major players aim to enhance their product portfolio through strategic mergers and small and medium-sized enterprise acquisitions. So an intense rivalry among players is expected in the coming years.
  • In September 2018, Dexwet Holdings Company, the parent company of Austro-American filter maker dexwet International AG, acquired German air purification equipment manufacturer Aludo. Aludo 's takeover marks the beginning of the development of new high-quality air-purification devices.

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