Filters Market Set to Reach US$77.10 Billion by 2018

Filters are porous devices which are used for purification of any gas or liquid passing through it by removing impurities from them. Filters are typically made of thin surface coated polyester films, woven and knitted fabrics, cotton, paper and other synthetic and organic membranes. Introduction and implementation of Kyoto Protocol and other similar emission norms is expected to drive the market for filters over the forecast period. In addition, these norms define emission standards for other sectors of the market such as motor vehicles, consumer goods and utilities. Growing demand of automobiles and consumer goods are expected to further fuel the growth of filters market. However, development of substitute technologies such as ion exchange, distillation and photo-oxidation which gave optimum results is expected to hamper the growth of the filters market.

Read Report Sample @

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1293

Filters can be divided into three major product types based on their function, viz., ICE filters, fluid filters and air filters. ICE filters accounted for the largest consumption of over 40% of the market share of filters in 2011. Growing demand of automobiles from emerging economies such as China and India are expected to help the growth of ICE filters. In addition, introduction and implementation of various norms such as EURO 5 and EURO 6 are expected to boost the demand of filters across all regions of the world. Fluid filters are used in industries as a part of various internal manufacturing processes and municipal filtration systems. Growth of industries coupled with improved technologies of manufacturing are expected to augment the growth of fluid filters market over the forecast period. Furthermore, increasing focus on waste management by various national governments is expected to boost the growth of the global filters market.

Roughly 50% of the total demand for filters comes from the automotives sector as they are used in filtration of air, oil and water for efficient functioning of the vehicle. In addition, they are essentially used in manufacturing of various equipments such as engines for motor vehicles, snowmobiles and marine equipments. The use of filters is being supported by various national governments due to increasing concerns about the environment which has led to an increasing demand for filters over the past few years. In addition, filters are used in other applications such as consumer goods, manufacturing units and other industries. Demand of filters from consumer goods application is expected to show the highest growth in the forecast period.

Read Report Brochure @

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1293

Rapid industrialization and increasing population has led to increased levels of pollution in the atmosphere. More and more number of industries and manufacturing units are using filters to control the emission levels of carbon and other harmful gases into the atmosphere. In addition, there is a growing demand of filters by numerous industries such as pharmaceutical and chemical industries for various internal manufacturing processes. Moreover, implementation of various regulations such as Clean Water Act and Safe Drinking Water Act (SDWA) in developed economies is expected to fuel the demand for filters over the forecast period. Asia Pacific accounted for the largest consumption of filters in 2011 of over 35%. Growing demand of automobiles and other consumer goods in emerging economies such as China and India are expected to boost the demand for filters in the forecast period.

The global filters market is fragmented in nature as the top five companies accounted for less than 40% of the market share in 2011. Donaldson which is the leading manufacturer of filters accounted for less than 10% of the market share in 2011. Clarcor Inc accounted for the second largest market share in 2011 followed by Affinia, Cummins and Parker-Hannifin, together accounting for just over 15% of the filters market share in 2011. Some of the key players present in the filters market include AAF International, Strainrite Companies and Global Filters among others.

Cooling fans in vehicles are very important components, which provide constant cooling for various components such as engine and electronics components. They also provide ventilation. An internal combustion engine works at a very high temperature, o