Fact.MR has announced the addition of the “Automotive Filter Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022"report to their offering.

Rockville, MD -- (SBWire) -- 12/21/2018 --According to a recent study published by Fact.MR, the sales of polyurethane in automotive filter market is likely to increase by approximately 3.6% in 2018 over 2017. The Fact.MR study is a comprehensive explanation of various factors that will hamper of boost the consumption of polyurethane in automotive filter market in the upcoming years. The study projects a moderate rise in demand and sales of polyurethane in automotive filter market, as a majority of automotive companies find polyurethane-based materials more suitable for automotive filter applications.

"As the global automotive industry is recovering from the negative impacts of the great recessions, manufacturers are focusing on enhancing the quality of automotive components, such as cabin filters and engine filters. With the shifting focus of automotive manufacturers towards enhancing performance parameters of auto components, the demand for polyurethane in automotive filter market is likely to increase in the upcoming years," says a lead analyst at Fact.MR.

"Excellent temperature resistance and high tensile strength are among the most important and useful properties of polyurethane, which are boosting the adoption of polyurethane in automotive filter market. Automotive manufacturers are also aiming to reduce environmental impacts of their businesses. As the use of polyurethane in automotive filter market is aiding automakers to mitigate their carbon footprint, the consumption of polyurethane in automotive filter market is expected to gain momentum in the foreseeable future," adds the lead analyst.

The Fact.MR study provides a holistic assessment on the adoption of polyurethane in automotive filter market across various geographic regions. The regionals growth assessment of the consumption of polyurethane in automotive filter market can help market players to adopt appropriate strategies to gain momentum in regional markets.

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APEJ Region to Hold the Highest Volume Share in Consumption of Polyurethane in Automotive Filter Market

On conducting a detailed analysis on demand and sales of polyurethane in the automotive industry, the Fact.MR study opines that developing countries in the Asia Pacific region excluding Japan (APEJ) will account for more than 30% volume share in the sales of polyurethane in automotive filter market across the world. The study predicts a significant rise in demand for polyurethane in automotive filter markets in developing countries in the coming future.

Proliferating growth of the automotive industry in the APEJ region and ever-expanding automotive manufacturing capabilities in the region are among the leading factors to bolster demand for polyurethane in automotive filter market. Furthermore, technological developments and adoption of innovative and cheaper materials in manufacturing of automotive components is likely to propel demand for polyurethane in automotive filter market in the region.

Stringent regulations imposed on the production of polyurethane in developed regions, such as North America and Europe, may make a negative impact on its adoption in automotive filter market. Governmental organizations in the U.S., including the Occupational Safety and Health Administration (OSHA) and Environmental Protection Agency (EPA), have imposed workplace safety regulations for polyurethane manufacturers to protect the environment and workers' health from harmful emissions. Such regulations may impact polyurethane prices in the developed regions, thereby making a huge impact on the consumption of polyurethane in automotive filter markets in developed regions.

Passenger Cars Contribute a Significant Share in Rising Applications of Polyurethane in Automotive Filter Market

The Fact.MR study projects that, based on the vehicle types, passenger cars are likely to remain the most common application of polyurethane-based automotive filters. Passenger cars will account for a whopping 72% volume share in consumption of polyurethane in automotive filter market by the end of 2018, according to the Fact.MR study.

The global automotive industry has witnessed a remarkable rise in production and sales of passenger cars in the past few years. According to the recent statistics published by the International Organization of Motor Vehicle Manufacturers, the production of passenger cars increased from over 53.2 million to nearly 73.5 million, and the global sales of passenger cars increased from 51 million to 71 million during the period 2007-2017.

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Increasing discretionary income of consumers and recent developments in the transportation industry is providing an impetus to the demand and sales of passenger cars. Burgeoning growth in passenger car production worldwide is expected to create lucrative sales opportunities for polyurethane manufacturers in the automotive industry.

The Fact.MR study provides detailed information about the inclining or declining demand for polyurethane in automotive filter market during the forecast period 2017-2026. The report projects that the market will grow at a healthy 4.1% volume CAGR through 2026.

For more information on this report, please visit:

https://www.factmr.com/report/33/automotive-filter-market

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