Filter Market to Experience Significant Growth During the Forecast Period 2018 to 2028


New York, NY -- (SBWIRE) -- 10/25/2018 -- Global Filter Market: Overview

A filter is used to separate solid from liquid or gases. The filter used depends on the filtration process in mechanical, physical or biological operations. Filters contain a medium through which only gases and liquid can pass and thus, undesired solids are removed. This medium through which the fluid passes is called filtrate. In industrial applications, filters are used to reduce contamination from gases and liquids.

Filters are used in air conditioning units, water purifiers, IC engines, electronic and electrical devices and other industrial applications. Air filters are used for removing dust, pollen and bacteria from air and keeping the environment clean in the room. Oil filters are used to filter undesirable particulates from oil, which is essential for the high performance of the engine. In internal combustion engines, fuel filters are used to protect the engine form the dust and dirt contained in the fuel. The automobile industry is the largest consumer of oil and fuel filters. Filters are also used in the water purification systems.

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Global Filter Market: Dynamics

The filter manufacturing industry is growing rapidly with the growth of the automotive industry. Original equipment manufacturers use filters for the manufacturing of engines and machines as these must be kept away from any kind of contamination. The filter market is also experiencing demand due to the strong emission guidelines for various industries.

Pollution regulatory organizations, such as the United Nations, (EASM) Emirates Authority for Standardization and Metrology and EU Emission Standard, have prepared regulations and guidelines to reduce pollution and improve environment. The growing demand for vehicles in the world is also pushing the demand for filters. Filter manufacturers are trying to achieve high efficiency and durable properties, which will further increase the demand for their filters. Increased industrialization and logistics and transportation are also helping in boosting the growth of the global filter market.

Global Filter Market: Geographical Outlook

The global filter market is expected to witness high growth during the forecast period. The manufacturers of filters from North America and Europe are focusing on emerging market regions, such as the Asia Pacific and the Middle East & Africa. North America is the largest filter market due to the high production being witnessed in the automotive industry. Most of the global key manufacturers of automobiles are from the US, due to which the filter market in North America is expected to witness high growth.

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The stringent safety and health regulations such as Euro VI associated with the emission limits are responsible to driven the European filter market. The Asia Pacific is expected to dominate the global filter market by the end of the forecast period. The filter market is growing at a fast pace due to increasing demand for vehicles in the Asia Pacific region. The spending power of individuals is responsible for the increased demand for vehicles in the Asia Pacific. China and India dominate the Asia Pacific filter market and will continue to do so in future. MEA and Latin America are expected to witness sluggish growth during the forecast period.

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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.