Fiberglass Filters Market 2021 Global Industry Trends | Growth Dynamics To 2026
The fiberglass filters market is projected to observe remunerative growth over the coming years due to the increasing prevalence of airborne diseases across the globe. In addition, rapid growth of the paints industry, primarily due to the increasing commercialization and construction should further drive the product demand over the coming years. Fiberglass filters are extensively used while painting as filters for the workers.
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The expansion of the construction industry across various developed and developing countries is likely to drive the demand for fiberglass filters through the forecast timeframe. In fact, in 2018, US President Donald Trump unveiled a significant investment of $1.5 trillion for the development of public infrastructure and construction the country. This investment would be used over the next 10 years to repaid and upgrade USA’s public infrastructure. Such initiatives are likely to majorly fuel the demand for fiberglass filters.
The fiberglass filters market size from transportation applications across North America is likely to exceed a valuation of approximately $20 million by the end of the analysis timeframe. The product is likely to gain immense traction in the regional transportation sector due to strict regulations that focus on the curbing of pollution levels and ensuring clean supply of air. Moreover, surging investments across the transportation industry, growing consumer preference for energy efficiency, IAQ (Indoor Air Quality), as well as the system performance is likely to foster the market outlook.
Speaking of the regional landscape, Italy fiberglass filters industry is estimated to foresee tremendous growth through the furnace unit usage segment. In fact, the regional market is projected to observe gains of more than 5.5% by the end of the analysis period. The furnace units are likely to observe significant deployment owing to their ability to filter large airborne particles and liquids in air conditioner and furnace units. The furnace unit filters are inexpensive, disposable, and effective which predominantly increases their demand globally. Moreover, the increasing HVAC systems requirement in Europe owing to the developing pharmaceuticals sector should thereby stimulate the overall market size.
The Europe fiberglass filters market is likely to register substantial growth over the coming years. With rapidly growing pharmaceutical sector, the demand for HVAC systems across Europe has also increased tremendously. The industry is also expected to derive growth from a number of other avenues. In fact, Italy fiberglass filters industry is slated to record major revenue growth from the furnace unit segment, which will witness gains of nearly 5.5% by the end of the analysis timeline. Fiberglass filters are largely used for filtering liquids and large airborne particles from air conditioners and furnace units. Since these filters are inexpensive, effective, and disposable, they are likely to witness robust demand across the region.
Apart from Italy, China fiberglass filters market is estimated to witness gains of more than 5% through the forecast timespan owing to a growing demand from the country’s food and beverage application segment. An upsurge in the disposable income of the regional population, changing demographics, and busier lifestyle has increased the consumption of a variety of processed food and beverages in recent years. Moreover, technological advancements in the field of food processing have fostered the segment share in the region.
Meanwhile, market players are increasingly rolling out new products to better address a diverse array of customer requirements. Taking September 2019 for instance, Camfil, a renowned air filters developer and manufacturer company reportedly launched a new Camfil Megalam Energuard HEPA filter. This new filter is developed for the life science industry. The HEPA filter’s main goal is to overcome installation errors arising in a new cleanroom or preventing an expensive room failure in an existing cleanroom.
The competitive landscape of the fiberglass filters market is inclusive of players such as Tri Dim, AAF, Mahle Industrial Filtration, Superior Fibers, Smith Filters, Camfil, and Troy Filters.
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Data Tables
TABLE 1 Fiberglass Filters market estimates & forecast, 2015 - 2026, (Million Units) (USD Million)
TABLE 2 Fiberglass Filters industry estimates & forecast, by region 2015 - 2026, (Million Units)
TABLE 3 Fiberglass Filters industry estimates & forecast, by region, 2015 - 2026, (USD Million)
TABLE 4 Fiberglass Filters industry estimates & forecast, by type, 2015 - 2026, (Million Units)
TABLE 5 Fiberglass Filters industry estimates & forecast, by type, 2015 - 2026, (USD Million)
TABLE 6 Fiberglass Filters industry estimates & forecast, by usage, 2015 - 2026, (Million Units)
TABLE 7 Fiberglass Filters market estimates & forecast, by Usage, 2015 - 2026, (USD Million)
TABLE 8 Fiberglass Filters industry estimates & forecast, by application, 2015 - 2026, (Million Units)
TABLE 9 Fiberglass Filters industry estimates & forecast, by application, 2015 - 2026, (USD Million)
TABLE 10 Fiberglass Filters industry estimates & forecast, by end-use, 2015 - 2026, (Million Units)
TABLE 11 Fiberglass Filters market estimates & forecast, by end-use, 2015 - 2026, (USD Million)
TABLE 12 Vendor matrix
TABLE 13 Fiberglass prices, by region, per piece
TABLE 14 Fiberglass & synthetic pleated filters comparison
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