The Air Filter Market Size was valued at USD 15.40 Billion in 2023 and is now anticipated to grow USD 29.30 Billion by 2031, displaying a compound annual growth rate (CAGR) of 7.42% during the forecast Period 2024 -2031.
The Air filter is a market of high growth because of increase in the awareness towards health and increasing air pollution as a driving factor for the surge in the air filter market for the requirement of cleaner air. With the outbreak of Covid-19, the growth of air filters skyrocketed for better indoor air quality.
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Another driving factor for the growth of air filters among consumers is the increase in the number of cars on streets and industrialization & urbanization leading to air pollution and health risks associated with the pollution putting government into action for stringent rules and regulations regarding the use of filters in industries drives growth for the air filter market is creating a favorable market outlook across the globe in the coming future.
Air Filter Market Dynamics
Drivers
Rise in the awareness towards indoor air quality.
Rising awareness towards indoor air quality serves as a catalyst for the driving force in the growth in the air filter market. Consumers are finding ways to improve the indoor air quality from indoor air pollutants like dust, mold & allergies. Increasing awareness has a surge in the demand for air filters that are capable of eliminating pollutants and providing cleaner air.
Stricter Environmental Regulations towards industrial and urban areas.
Restraints
High installation charges and maintenance cost is making a hindrance in the growth of market.
With an increase in awareness for purified air among the consumers. There comes a restraint that is the cost associated with the changing of filter which is generally high and needs to be changed every 4-6 months depending upon the contamination. Some industries use low priced purifiers resulting in poor filtering and resulting in less efficient outcomes.
Demand fluctuations by seasonal variation can be a restraint as during season with poor air quality have high demand and vice-versa.
Opportunities
Rise in technology improvements among air-conditioning segment.
The rise in government initiatives for investments in cleaner air.
Challenges
Lack of awareness towards time-to-time replacement of air filters.
Adjusting to constant modifications in the environmental regulations impacting costs.
The Russia-Ukraine war causing disturbance in air filter market. The availability of Raw Materials for the manufacturing of Air filters such as activated carbon and steel are majorly sourced from these countries, facing price hikes and shortages. Manufacturing delays due to supply chain disruptions further put a stress to the market. Energy price hike pushes transportation costs as well as production costs. On the other hand demand may increase in some areas among regions with bad air quality because of war could see an increase in the demand of air purifier, impacting filter sales. The war might also have an effect on economies which can cause currency fluctuations, affecting affordability on air filters in some regions. There’s been upside as well as downsides to the war on short term with negative effects such as supply chain disruptions and on long term increase in the health awareness could lead to increase in the market of air filters.
Impact of Economic Slowdown
Economic slowdown has a huge impact on the air filter market. Tighter budgets, so consumers may delay replacing air filters. Businesses may also cut expenses by using air filters for a longer period, impacting decrease in demand.
There could be positive side to it too. Manufacturers may introduce cheaper air filters in the market to fit the spending of consumers. Consumers may also prioritize cleaning existing filters instead of buying new ones. An economic slowdown will likely to drop the air filter market. The seriousness depends on the intensity and duration of slowdown. Manufacturers might adopt budget-friendly options and fulfill the changing consumer needs.
By Type
HEPA Filters
Cartridge Filters
Dust Collector
Baghouse Filters
Others (Mist Filters and others)
The HEPA (High Efficiency Particulate Air) filter is dominating the market with a share of around 28.50% because of its unique ability to attract impurities on atomic level. The Filters contains activated carbon that treats oxygen to open the pores of the carbon atoms result the activated carbon becomes porous increasing its surface area, making it able to capture airborne particles providing highest efficiency (around 99.97%) and is used around healthcare, automotive, commercial as well as residential buildings.
by End Users
Residential
Commercial
Industrial
The industrial sector is dominating the market with a share of around 15.31% because of the increase in the manufacturing sites across globe consecutively increasing the demand in the industrial sector. Air purifiers helps in eliminating harmful substances such as smoke, fumes, dust and other particles that are might pollute the environment. The filters help in protecting certain manufacturing processes thereby improving quality of products and minimizing contamination.
Asia-Pacific region is dominating the market with a share of 47.32%. The usage of air filter is increasing due to rising pollution levels growing and environmental concerns, driving the region to take a dominating position. The reason being rapid industrialization and urbanization allowing government to implement stringent regulations regarding the use of air purifiers.
North-America is the 2nd largest market after Asia-Pacific and also the fastest growing region due to increase in the increase in the number of waste water treatment facility across the region.
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Regional Outlook
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major key players are Honeywell International, Inc., IQAir, Unilever PLC, Sharp Electronics Corporation, Samsung Electronics Co., Ltd., LG Electronics, Panasonic Corporation, Whirlpool Corporation, Dyson, Carrier and others.
Sharp Electronics Corporation-Company Financial Analysis
Ingersoll Rand Inc completely acquires SPX Flow’s Air Treatment business in an all-cash transaction of approximately US$525 million.
Camfil opens new 40,000sq. Meter plant in Shanghai (China) to fulfill the growing demand of air filtration.
In January 2024, 3M Company launched a new high-efficiency pleated air filter for commercial and industrial applications, promising longer life and improved energy efficiency.
In February 2023, Samsung Electronics launched a new air filter technology that simultaneously collects particulate matter (PM), decomposes Volatile Organic Compounds (VOCs), and can be used for 20 years through simple water washing.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 15.40 Billion |
| Market Size by 2031 | US$ 29.30 Billion |
| CAGR | CAGR of 7.42% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Cartridge Filters, Dust Collector, HEPA Filters, Baghouse Filters & Others) • By End Users (Residential, Commercial, Industrial) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Honeywell International, Inc., IQAir, Unilever PLC, Sharp Electronics Corporation, Samsung Electronics Co., Ltd., LG Electronics, Panasonic Corporation, Whirlpool Corporation, Dyson, Carrier |
| Key Drivers | • Rise in the awareness towards indoor air quality. • Stricter Environmental Regulations towards industrial and urban areas. |
| Restraints | • High installation charges and maintenance cost is making a hindrance in the growth of market. • Demand fluctuations by seasonal variation can be a restraint as during season with poor air quality have high demand and vice-versa. |
Ans: The Air Filter Market is expected to grow at a CAGR of 7.42%.
Ans: Air Filter Market size was USD 15.40 billion in 2023 and is expected to Reach USD 29.30 billion by 2031.
Ans: Rise in the awareness towards indoor air quality.
Ans: Demand fluctuations by seasonal variation can be a restraint as during season with poor air quality have high demand and vice-versa.
Ans: Asia-Pacific is expected to hold the largest market share in the Air Filter market during the forecast period.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact Of Russia Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Air Filter Market Segmentation, by Type
9.1 Introduction
9.2 Trend Analysis
9.3 HEPA Filters
9.4 Cartridge Filters
9.5 Dust Collector
9.6 Baghouse Filters
9.7 Others (Mist Filters and others)
10. Air Filter Market Segmentation, by End User
10.1 Introduction
10.2 Trend Analysis
10.3 Residential
10.4 Commercial
10.5 Industrial
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 Trend Analysis
11.2.2 North America Air Filter Market, by Country
11.2.3 North America Air Filter Market, by Type
11.2.4 North America Air Filter Market, by End User
11.2.5 USA
11.2.5.1 USA Air Filter Market, by Type
11.2.5.2 USA Air Filter Market, by End User
11.2.6 Canada
11.2.6.1 Canada Air Filter Market, by Type
11.2.6.2 Canada Air Filter Market, by End User
11.2.7 Mexico
11.2.7.1 Mexico Air Filter Market, by Type
11.2.7.2 Mexico Air Filter Market, by End User
11.3 Europe
11.3.1 Trend Analysis
11.3.2 Eastern Europe
11.3.2.1 Eastern Europe Air Filter Market, by Country
11.3.2.2 Eastern Europe Air Filter Market, by Type
11.3.2.3 Eastern Europe Air Filter Market, by End User
11.3.2.4 Poland
11.3.2.4.1 Poland Air Filter Market, by Type
11.3.2.4.2 Poland Air Filter Market, by End User
11.3.2.5 Romania
11.3.2.5.1 Romania Air Filter Market, by Type
11.3.2.5.2 Romania Air Filter Market, by End User
11.3.2.6 Hungary
11.3.2.6.1 Hungary Air Filter Market, by Type
11.3.2.6.2 Hungary Air Filter Market, by End User
11.3.2.7 Turkey
11.3.2.7.1 Turkey Air Filter Market, by Type
11.3.2.7.2 Turkey Air Filter Market, by End User
11.3.2.8 Rest of Eastern Europe
11.3.2.8.1 Rest of Eastern Europe Air Filter Market, by Type
11.3.2.8.2 Rest of Eastern Europe Air Filter Market, by End User
11.3.3 Western Europe
11.3.3.1 Western Europe Air Filter Market, by Country
11.3.3.2 Western Europe Air Filter Market, by Type
11.3.3.3 Western Europe Air Filter Market, by End User
11.3.3.4 Germany
11.3.3.4.1 Germany Air Filter Market, by Type
11.3.3.4.2 Germany Air Filter Market, by End User
11.3.3.5 France
11.3.3.5.1 France Air Filter Market, by Type
11.3.3.5.2 France Air Filter Market, by End User
11.3.3.6 UK
11.3.3.6.1 UK Air Filter Market, by Type
11.3.3.6.2 UK Air Filter Market, by End User
11.3.3.7 Italy
11.3.3.7.1 Italy Air Filter Market, by Type
11.3.3.7.2 Italy Air Filter Market, by End User
11.3.3.8 Spain
11.3.3.8.1 Spain Air Filter Market, by Type
11.3.3.8.2 Spain Air Filter Market, by End User
11.3.3.9 Netherlands
11.3.3.9.1 Netherlands Air Filter Market, by Type
11.3.3.9.2 Netherlands Air Filter Market, by End User
11.3.3.10 Switzerland
11.3.3.10.1 Switzerland Air Filter Market, by Type
11.3.3.10.2 Switzerland Air Filter Market, by End User
11.3.3.11 Austria
11.3.3.11.1 Austria Air Filter Market, by Type
11.3.3.11.2 Austria Air Filter Market, by End User
11.3.3.12 Rest of Western Europe
11.3.3.12.1 Rest of Western Europe Air Filter Market, by Type
11.3.2.12.2 Rest of Western Europe Air Filter Market, by End User
11.4 Asia-Pacific
11.4.1 Trend Analysis
11.4.2 Asia Pacific Air Filter Market, by Country
11.4.3 Asia Pacific Air Filter Market, by Type
11.4.4 Asia Pacific Air Filter Market, by End User
11.4.5 China
11.4.5.1 China Air Filter Market, by Type
11.4.5.2 China Air Filter Market, by End User
11.4.6 India
11.4.6.1 India Air Filter Market, by Type
11.4.6.2 India Air Filter Market, by End User
11.4.7 Japan
11.4.7.1 Japan Air Filter Market, by Type
11.4.7.2 Japan Air Filter Market, by End User
11.4.8 South Korea
11.4.8.1 South Korea Air Filter Market, by Type
11.4.8.2 South Korea Air Filter Market, by End User
11.4.9 Vietnam
11.4.9.1 Vietnam Air Filter Market, by Type
11.4.9.2 Vietnam Air Filter Market, by End User
11.4.10 Singapore
11.4.10.1 Singapore Air Filter Market, by Type
11.4.10.2 Singapore Air Filter Market, by End User
11.4.11 Australia
11.4.11.1 Australia Air Filter Market, by Type
11.4.11.2 Australia Air Filter Market, by End User
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Air Filter Market, by Type
11.4.12.2 Rest of Asia-Pacific Air Filter Market, by End User
11.5 Middle East & Africa
11.5.1 Trend Analysis
11.5.2 Middle East
11.5.2.1 Middle East Air Filter Market, by Country
11.5.2.2 Middle East Air Filter Market, by Type
11.5.2.3 Middle East Air Filter Market, by End User
11.5.2.4 UAE
11.5.2.4.1 UAE Air Filter Market, by Type
11.5.2.4.2 UAE Air Filter Market, by End User
11.5.2.5 Egypt
11.5.2.5.1 Egypt Air Filter Market, by Type
11.5.2.5.2 Egypt Air Filter Market, by End User
11.5.2.6 Saudi Arabia
11.5.2.6.1 Saudi Arabia Air Filter Market, by Type
11.5.2.6.2 Saudi Arabia Air Filter Market, by End User
11.5.2.7 Qatar
11.5.2.7.1 Qatar Air Filter Market, by Type
11.5.2.7.2 Qatar Air Filter Market, by End User
11.5.2.8 Rest of Middle East
11.5.2.8.1 Rest of Middle East Air Filter Market, by Type
11.5.2.8.2 Rest of Middle East Air Filter Market, by End User
11.5.3 Africa
11.5.3.1 Africa Air Filter Market, by Country
11.5.3.2 Africa Air Filter Market, by Type
11.5.3.3 Africa Air Filter Market, by End User
11.5.2.4 Nigeria
11.5.2.4.1 South Africa Air Filter Market, by Type
11.5.2.4.2 South Africa Air Filter Market, by End User
11.5.2.5 South Africa
11.5.2.5.1 South Africa Air Filter Market, by Type
11.5.2.5.2 South Africa Air Filter Market, by End User
11.5.2.6 Rest of Africa
11.5.2.6.1 Rest of Africa Air Filter Market, by Type
11.5.2.6.2 Rest of Africa Air Filter Market, by End User
11.6 Latin America
11.6.1 Trend Analysis
11.6.2 Latin America Air Filter Market, by Country
11.6.3 Latin America Air Filter Market, by Type
11.6.4 Latin America Air Filter Market, by End User
11.6.5 Brazil
11.6.5.1 Brazil Air Filter Market, by Type
11.6.5.2 Brazil Air Filter Market, by End User
11.6.6 Argentina
11.6.6.1 Argentina Air Filter Market, by Type
11.6.6.2 Argentina Air Filter Market, by End User
11.6.7 Colombia
11.6.7.1 Colombia Air Filter Market, by Type
11.6.7.2 Colombia Air Filter Market, by End User
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Air Filter Market, by Type
11.6.8.2 Rest of Latin America Air Filter Market, by End User
12. Company Profiles
12.1 Honeywell International Inc.
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 IQAir
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Unilever PLC
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Sharp Electronics Corporation
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Samsung Electronics Co. Ltd.
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 LG Electronics
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Panasonic Corporation
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Whirlpool Corporation
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Dyson
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Carrier
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. USE Cases and Best Practices
15. Conclusion
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