Transparency Market Research
Filters Market Research Report 2013 - 2019
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Published Date: July 2014 Single User License: US $ 4795 Multi User License: US $ 7795 Corporate User License: US $ 10795
79 Pages Report
Filters Market is Expected to Reach USD 77.10 Billion Globally in 2019: Transparency Market Research Global market for filters was valued at USD 48.10 billion in 2011 and is expected to reach USD 77.10 billion in 2019, growing at a CAGR of 6.7 % from 2013 to 2019. Browse the full report:http://www.transparencymarketresearch.com/filters-market.html. Surge in consumer goods demand, especially in China, India and other Southeast Asian countries is expected to boost the filter demand in the region. In addition, introduction and implementation of various environmental regulations and protocols such as the Kyoto Protocol, EURO 5 and EURO 6 norms to curb the emission levels from manufacturing, automobiles and other industries are expected to drive the global filters market over the next six years. However, volatility in raw material prices is expected to hamper the growth of the market over the forecast period. ICE filters were the largest product segment in 2011, accounting for over 40% of the global market share. These are used in equipment to improve their efficiency. Initiatives taken by various national governments' to provide clean drinking water is expected to boost the
demand for fluid filters and this segment is estimated to grow at a CAGR of over 7% from 2013 to 2019. Motor vehicles accounted for the highest consumption of filters, valued at USD 24.58 billion in 2011. However, the use of filters in consumer goods is expected to be the fastest growing application segment at a CAGR of 8.1% from 2013 to 2019. This is on account of increasing demand for consumer goods in China and India and growth of replacement market in North America and Europe. Demand for filters was highest in Asia Pacific and was valued at USD 17.78 billion in 2011. This region is expected to show the highest growth over the forecast period due to increasing industrial activities. In Europe, owing to the presence of stringent environmental laws and regulations governing the release of pollutants, the demand for filters is expected to be considerably high and account for over 25% of the total market share by 2019. The U.S. filters market was valued at USD 10.10 billion in 2011 and is expected to grow at a CAGR of over 5% from 2013 to 2019 due to the presence of a large replacement market.
The leading filter manufacturers include Affinia Group, BRITA, Clarcor Inc, Cummins, Donaldson Company, Parker-Hannifin Corporation, Pall Corporation and others. The report profiles the above mentioned companies along with other major players in the filters market. Filters Market, Product Segment Analysis:
Internal combustion engine (ICE) filters
Filters Market, Application Analysis:
Industrial and manufacturing
Others (Transportation equipment, construction, etc.)
Filters Market, Regional Analysis:
Rest of the World (RoW)
Browse the full report: http://www.transparencymarketresearch.com/filters-market.html.
About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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Published on Jun 10, 2014
Transparency Market Research Report Add “Filters Market for Automotive, Consumer, Utility and Industrial Applications - Global Industry Anal...