Global Pleated Filters Market Insights Forecasts to 2032

• The Global Pleated Filters Market Size was valued at USD 10.05 Billion in 2022.
• The Market is Growing at a CAGR of 5.23% from 2022 to 2032
• The Worldwide Pleated Filters Market Size is expected to reach USD 16.74 Billion by 2032
• Asia-Pacific is expected to Grow the fastest during the forecast period

 

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The Global Pleated Filters Market Size is anticipated to exceed USD 16.74 Billion by 2032, growing at a CAGR of 5.23% from 2022 to 2032. The market's revenue growth is being boosted by the rising demand for pleated filters across many end-use sectors, including healthcare, pharmaceuticals, food & beverage, and automotive.

 

Market Overview

Pleated filters supply the airflow required for the internal combustion engine's HVAC systems to eliminate tiny particulates. To enhance their surface area, these filters are made up of paper, cotton, or sheets of polyester that are folded into plates. This makes it possible for the filter to capture more airborne particles, like dust, dirt, and human or pet hair, which could harm the furnace's blower fan and clog the AC coils. Pleated filters are primarily necessary and installed in locations where clean air is essential. By maintaining the ventilation system clean and the indoor air quality (IAQ) at a high standard, these filters are intended to safeguard a person's health. There are several kinds of air filters available, including oil, food and beverage, and standard air filters. Pleated filters beat traditional fiberglass filters in terms of efficiency. They are also less expensive than extremely effective electrostatic filters. Moreover, it permits increased heat transfer, improving the efficiency of HVAC systems and reducing energy consumption and utility costs. The industrial, oil and gas, power generation, and food and beverage domains are the main industries that use pleated filters. They are also widely used in the petrochemical, chemical, and paint and coating industries.

 

Report Coverage

This research report categorizes the market for the global pleated filters market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the pleated filters market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the pleated filters market.

 

Driving Factors

Pleated Filters Market growth is expected to be boosted by factors such as the replacement of outdated air conditioning systems and an increase in the installation of HVAC systems. The growing demand for waste-water treatment from the residential and industrial segments worldwide is expected to drive up demand for the product. In addition, regional laws about food safety and environmental laws like the EPA's restriction on declining air quality also contribute to the market's expansion. Pleated filters are expected to grow globally due to favorable socio-economic and demographic factors like urbanization, population growth, and rising standards of living, as well as notable advancements in commercial aspects.

 

Restraining Factors

The market's overall growth will be hampered by a few obstacles and challenges. The lack of standards and procedures, as well as a skilled labor force, hamper the market's expansion. Additionally, it is predicted that the market for replacement products that remove microdust particles from a variety of applications will grow slowly over the projection period. The potential obstacles impeding the overall growth of the global pleated filters market include fluctuating raw material prices and rising operating costs.

 

Market Segmentation

The Global Pleated Filters Market share is classified into product and application and end user.

 

• The air filter segment is expected to grow fastest in the global pleated filters market during the forecast period.     

The global pleated filters market is categorized by product into air filters, food and beverage filters, oil filters, and others. Among these, the air filter segment is expected to grow fastest in the global pleated filters market during the forecast period. The market for air filters is expected to be promoted by the factors that lead to the increasing use of HVAC systems, air purifiers, and cleaners in residential, commercial, and industrial settings. Part of air filters, polyester filters are affordable and highly durable, and it is anticipated that their use will increase continuously over the forecast period. The other category includes air filters made of paper, foam, and fiberglass.  

 

• The industrial segment is expected to grow at the highest pace in the global pleated filters market during the forecast period.   

Based on the application, the global pleated filters market is divided into Industrial, oil and gas, and power generation. Among these, the Industrial segment is expected to grow at the highest pace in the global pleated filters market during the forecast period. Industrial segment factors driving the demand for this market segment include the increased use of liquid and air filtration in the electronics industry and the need to keep dirt and pollutants out of hydraulic and pneumatic operations. Pleated filters are expected to become more in demand in the industrial sector in the upcoming years due to rising worker safety concerns and more stringent regulations governing workplace air quality.

 

• The commercial segment is expected to hold the largest share of the global pleated filters market during the forecast period.

Based on the end user, the global pleated filters market is divided into commercial, and residential. Among these, the commercial is expected to hold the largest share of the global pleated filters market during the forecast period. People become more aware of indoor air pollution and its negative effects on human health. Commercial air filter systems frequently use pleated filters to enhance indoor air quality and provide safe breathing air. Pleated filters are expected to become more in demand in the commercial sector in the coming years due to the growing trend of smart homes and the rising need for air purifiers.

 

Regional Segment Analysis of the Global Pleated Filters Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is anticipated to hold the largest share of the global pleated filters market over the predicted timeframe.

 

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North America is projected to hold the largest share of the global pleated filters market over the predicted years. Pleated filters are in high demand from the commercial, industrial, and residential sectors; therefore, throughout the forecast period, the region is expected to grow significantly. In addition to the widespread use of air purifiers and HVAC systems, the US represents the region's biggest pleated filter market. Concerns about indoor air quality, especially in densely populated urban areas, are driving the need for pleated filters in the region. Pleated filter demand is expected to increase in the region due to the presence of multiple large food and beverage industries.

 

Asia-Pacific is expected to grow fastest in the global pleated filters market during the forecast period. The demand for pleated filters is increasing in this region as pollution levels rise, causing dust allergies and a variety of other respiratory problems as dangerous pollutants are released into the atmosphere. The area is rapidly becoming more urbanized and industrialized, which is driving up the cost of building new homes and businesses. The demand for pleated filters in the region is expected to increase due to the increased focus on controlling air pollution and improving indoor air quality in nations like China and India. Furthermore, market expansion is anticipated to be fueled by the region's access to inexpensive pleated filters.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global pleated filters along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• Freudenberg and Company
• Atlas Copco
• Camfil AB
• Donaldson Company, Inc.
• Delta Filtration
• General Motors Company
• Midwesco Filter Resources Inc
• Parker-Hannifin Corporation
• 3M Company
• Koch Filter Corporation
• The Strainite Companies
• Clarcor Air Filtration
• ANAND Group
• Lydall gutsche GmbH & co. Kg
• Purafill, Inc.

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Developments

• In January 2023, The new industrial group of K&N Engineering, Inc. is committed to offering data centers and other industrial businesses that depend on mission-critical infrastructure high-performance, eco-friendly air filtration technologies.

 

• In April 2023, A well-known manufacturer of engine oil filtration products, FIRST BRANDS GROUP LLC, recently unveiled the FRAM Synthetic Endurance, a premium oil filter that is only sold at Walmart.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Pleated Filters Market based on the below-mentioned segments: 

 

Global Pleated Filters Market, By Product,

• Air Filters
• Food and Beverage Filters
• Oil Filters
• Others

 

Global Pleated Filters Market, By Application,

• Industrial
• Oil and Gas
• Power Generation

 

Global Pleated Filters Market, By End-user

• Commercial
• residential

 

Global Pleated Filters Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa