Global Filters Market

The global demand of filters is expected to expand 5.6% per year through 2010 to $45 billion. The filter market will be driven by a pickup in the world economy, growth in personal income, enhancement in building construction, increased water consumption, motor vehicle use, and rigorous environmental and product purity laws & regulations in a number of countries. According to an estimation, the sale in developing countries will outweigh the demand in America, European, and Japan. By 2010, China will exceed Japan to become the second biggest filter market behind United states. However US, western Europe and Japan will remain the leaders in filter products consumption, accounting for almost 60% of the world demand. Some countries, which are also making their presence felt in the global filter industry are India, Russia, Turkey, Indonesia, and Thailand.

Air Filtration & Purification: World Markets
According to a prediction by the McIlvaine, a renowned market research company, the annual sales of air filters will increase from $6.1 billion in 2007 to $7.1 billion in 2010.

The largest growth is likely to become in the medium efficiency filter category. In the next five years, its sales will grow by more than $1 billion per year to reach $4.2 billion in 2010. The medium efficiency filter is the largest category, followed by high efficiency, low efficiency, gas phase, and electronic filters. The Gas phase filters (having impregnated activated carbon or other adsorbents) are becoming more popular due to its capability of removing the odors and capturing harmful volatile organic compounds.

The indoor air filtration and purification market is expected to touch $7.5 billion by 2011. Major portion of this growth will occur in the commercial and institutional sector, accounting for over $1.5 billion. Almost all the new institutional and commercial buildings in Asia and Europe are built with HVAC systems. The significant growth of air conditioning market and increasing importance of indoor air quality are the reasons which are pushing the air purification market. The commercial/institutional sector is followed by gas turbine intakes, residential, metal fabricating, electronics, and bio-clean.

Market Drivers of Industry

• Expanding Customer Base: 15-20 years ago, only the developed countries had the charm of air conditioned office and residential spaces. Slowly the entire world is embracing the comfort of air conditioned office and residence. The customer base has widened and reached to the developed and even third world countries.
  
  
• Increased Purchasing: The rising concern for health related problems have encouraged the population to purchase efficient filters, which could sort out their problems. Availability of a large number of filters based on different technologies and purposes have helped the purchasers to select the filters of their use and requirement.
  
  
• New Applications: Along with the improvement in technology, new areas of applications for air filters are developing. The applications of air filters have diversified and found innovative areas. Now there are air filtration systems for refrigerators to remove food odors from refrigerator compartments. They are also available for automobile cabin air purification system.

Cabin Air Filtration Market
The cabin air filter market will rise to $1.1 billion by 2011. In the year 2005, cabin air filters are installed in over 90% of the new vehicles by the European automotive manufacturers. Korea and Japan automotive manufacturers also had high installation rates. The installation rate by the Americans and Chinese manufacturers are lower but growing. Increasing comfort trends and health awareness will hold the market for upcoming years.

Global Water Filtration Market
The global water filter market size is estimated to be around $1.6 billion. During the period of 1999-2005, the water filtration products market has grown at the rate of 28% and is likely to continue with the same rate for the next few years. The water filter market is continuously taking leaps, and the last few decades have seen some major improvements in this sector. It has been possible due to the increasing concern over health and water quality.