Asia Pacific Air Filtration Market Size, Trend Forecast 2030
Asia Pacific Air Filtration Market
Segments - by Product Types (Baghouse Filters, Cartridge Collectors & Filters, Dust Collectors, HEPA Filters, Welding Fume Extractors, Wet Scrubbers, and Others), By End-Users (Residential, Commercial, and Industrial), By Asia Pacific (China, Japan, South Korea, India, South East Asia, Australia, Rest of Asia Pacific) - Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The Asia Pacific air filtration market was valued at USD 1,618.9 Mn in 2020 and is projected to reach USD 2,779.0 Mn by 2028, expanding at a CAGR of 7.1% during the forecast period. Significant focus on key players for development of innovative products is boosting the sales of the Asia air filtration market. Rapid urbanization and industrialization, along with rising disposable income of people, are expected to fuel the air filtration market during the forecast period.
Air Filtration Market Dynamics
As the air quality in cities around the world deteriorates, the demand for automotive air filters is increasing. With the development of the automotive industry, all vehicles need to install air filters, which eventually affects their demand. Growth of the market is affected by trends such as car mileage, vehicle parking, and car built-in air filters. Therefore, the demand for air filters in the automotive industry is driven by their aftermarket services.
Air filters are mainly used to clean internal combustion engines and improve efficiency, while protecting automobile engine parts from harmful dust particles. These automotive air filters use advanced technology to improve the air quality in the vehicle by removing allergens and odors, thereby preventing the persistence of odors or adverse health effects.
Government regulations on emission standards and the compliance of employees in various regions with health and safety regulations are expected to promote market development during the forecast period. For example, the Clean Air Act in Asia Pacific federal law aims to control air pollution across the country. Development of the industrial, manufacturing, automotive and commercial sectors in the region led to the introduction of various industrial air filtration regulations. Additionally, the Kyoto Protocol is implemented globally to reduce greenhouse gas emissions, forcing industries to adopt the concept of industrial air filtration. Thus, the regulations imposed by governments is driving the market during the forecast period.
Poor air quality causes health issues such as asthma, allergies, sleep problems, heart disease, lung disease, and respiratory tract diseases. Air filtration has a positive impact on the health by improving the air quality. Most household air filters contain HEPA filters, which filters all pollutants in the air. The HEPA filter is composed of multiple layered meshes, made of thin fiberglass threads, which are thinner than a piece of hair.
Air filters remove pollen, dust mites, and animal hair floating in the home environment. Some air filters contain replaceable pre-filters to capture large particles. HEPA filters are used to capture small pathogens. The system expands the effectiveness of the air purifier. An effective air purifier keeps the indoor air pollution-free, which reduces the chances of breathing difficulties caused by asthma.
Demand for wearable air filters is increasing, due to rising consumer awareness about health. Wearable air filters such as face masks is propelling the market. Face masks are worn for various reasons such as increasing pollution in cities, as a fashion statement, and to stop viruses from spreading. The face mask is used to cover the mouth and nose. It is a good way to prevent airborne viruses from spreading. Moreover, covering the center of the face gives users a certain degree of anonymity. These applications are driving the market during the forecast period.
Industrial air filter systems are widely used in power, food, cement, metal, pharmaceuticals, and other industries. Demand for air filters is increasing with rising awareness about fresh indoor air quality. However, high capital and operating costs associated with industrial air filter systems are expected to hinder the development of the industrial air filter market. Modern filtration systems require high investment. This makes the entire system expensive to operate in terms of maintenance costs and energy consumption.
Installation and maintenance costs of air filters are high, which makes it expensive and hinders the market growth. The cost of cleaning and replacing air filters are high, as they require regular change and service in 4-6 months. This, in turn, is expected to hamper the demand for air filtration during the forecast period.
Air Filtration Market Segmental Outlook
By Product Types
In terms of products, the Asia Pacific air filtration market is segmented into baghouse filters, cartridge collectors & filters, dust collectors, HEPA filters, welding fume extractors, wet scrubbers, and others. The HEPA filters segment is expected to hold a large market share during the forecast period, due to high quality and reliability of HEPA filters to remove particles from the air.
Based on end-users, the Asia Pacific air filtration market is classified into residential, commercial, and industrial. The commercial segment is expected to hold a large market share during the forecast period. Hotels and restaurants use activated carbon and HEPA air purifiers to remove airborne particles, smoke, and odor and improve air quality in the room.
Country Wise Outlook
In terms of countries, the Asia Pacific air filtration market is segregated into China, Japan, India, South East Asia, South Korea, Australia, and Rest of Asia Pacific. China holds a significant share of the market during the forecast period, owing to the growing automotive industry. Additionally, various initiatives taken by the government of China to boost domestic production is expected to further boost the demand of air filtration within the country. Rapid urbanization and industrialization, along with the rising disposable income are expected to fuel the air filtration market in India during the forecast period.
Key Benefits for Industry Participants & Stakeholders
In-Depth Analysis of the Air Filtration Market.
Historical, Current and Projected Market Size in Terms of Value.
Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
Industry Drivers, Restraints and Opportunities Covered in the Study
Recent Industry Trends and Developments
Competitive Landscape & Strategies of Key Players
Neutral Perspective on From Air Filtration Market Performance
Key players in the air filtration market are 3M, MayAir Group, Camfil, Cummins Inc., DAIKIN INDUSTRIES, Ltd., Donaldson, Resideo Technologies Inc., PARKER HANNIFIN CORP, MANN+HUMMEL, and Wetzel Technologies.
The players are adopting key strategies such as product development, geographical expansion, mergers and acquisition, and many other strategies to cater the increasing demand for air filters. For instance, in June 2021, DAIKIN INDUSTRIES, Ltd., entered into a partnership with American Air Filter (AAF) to distribute its air filtration product in the market in Australia. With this initiative, the company intends to expand its business presence.
Chapter 1 Executive Summary Chapter 2 Assumptions and Acronyms Used Chapter 3 Research Methodology Chapter 4 Air Filtration Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Air Filtration Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Air Filtration Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Air Filtration Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Asia Pacific Air Filtration Market Size & Forecast, 2018-2028 4.5.1 Air Filtration Market Size and Y-o-Y Growth 4.5.2 Air Filtration Market Absolute $ Opportunity 4.6 Asia Pacific Air Filtration Market: Impact of Key Regulations 4.7 Key Global Mergers & Acquisitions Chapter 5 Asia Pacific Air Filtration Market Analysis and Forecast By Product Types 5.1 Introduction 5.1.1 Key Market Trends & Growth Opportunities By Product Types 5.1.2 Basis Point Share (BPS) Analysis By Product Types 5.1.3 Absolute $ Opportunity Assessment By Product Types 5.2 Air Filtration Market Size Forecast By Product Types 5.2.1 Baghouse Filters 5.2.2 Cartridge Collectors & Filters 5.2.3 Dust Collectors 5.2.4 HEPA Filters 5.2.5 Welding Fume Extractors 5.2.6 Wet Scrubbers 5.2.7 Others 5.3 Market Attractiveness Analysis By Product Types Chapter 6 Asia Pacific Air Filtration Market Analysis and Forecast By End-users 6.1 Introduction 6.1.1 Key Market Trends & Growth Opportunities By End-users 6.1.2 Basis Point Share (BPS) Analysis By End-users 6.1.3 Absolute $ Opportunity Assessment By End-users 6.2 Air Filtration Market Size Forecast By End-users 6.2.1 Residential 6.2.2 Commercial 6.2.3 Industrial 6.3 Market Attractiveness Analysis By End-users Chapter 7 Coronavirus Disease (COVID-19) Impact 7.1 Introduction 7.2 Current & Future Impact Analysis 7.3 Economic Impact Analysis 7.4 Government Policies 7.5 Investment Scenario Chapter 8 Asia Pacific Air Filtration Analysis and Forecast 8.1 Introduction 8.2 Asia Pacific Air Filtration Market Size Forecast by Country 8.2.1 China 188.8.131.52 By Product Types 184.108.40.206 By End-users 8.2.2 Japan 220.127.116.11 By Product Types 18.104.22.168 By End-users 8.2.3 South Korea 22.214.171.124 By Product Types 126.96.36.199 By End-users 8.2.4 India 188.8.131.52 By Product Types 184.108.40.206 By End-users 8.2.5 Australia 220.127.116.11 By Product Types 18.104.22.168 By End-users 8.2.6 South East Asia (SEA) 22.214.171.124 By Product Types 126.96.36.199 By End-users 8.2.7 Rest of Asia Pacific (APAC) 188.8.131.52 By Product Types 184.108.40.206 By End-users 8.3 Basis Point Share (BPS) Analysis by Country 8.4 Absolute $ Opportunity Assessment by Country 8.5 Market Attractiveness Analysis by Country 8.6 Asia Pacific Air Filtration Market Size Forecast By Product Types 8.6.1 Baghouse Filters 8.6.2 Cartridge Collectors & Filters 8.6.3 Dust Collectors 8.6.4 HEPA Filters 8.6.5 Welding Fume Extractors 8.6.6 Wet Scrubbers 8.6.7 Others 8.7 Basis Point Share (BPS) Analysis By Product Types 8.8 Absolute $ Opportunity Assessment By Product Types 8.9 Market Attractiveness Analysis By Product Types 8.10 Asia Pacific Air Filtration Market Size Forecast By End-users 8.10.1 Residential 8.10.2 Commercial 8.10.3 Industrial 8.11 Basis Point Share (BPS) Analysis By End-users 8.12 Absolute $ Opportunity Assessment By End-users 8.13 Market Attractiveness Analysis By End-users Chapter 9 Competition Landscape 9.1 Air Filtration Market: Competitive Dashboard 9.2 Asia Pacific Air Filtration Market: Market Share Analysis, 2020 9.3 Company Profiles (Details - Overview, Financials, Developments, Strategy) 9.3.1 3M 9.3.2 MayAir Group 9.3.3 Camfil 9.3.4 Cummins Inc. 9.3.5 DAIKIN INDUSTRIES, Ltd. 9.3.6 Donaldson Company, Inc. 9.3.7 Resideo Technologies Inc. 9.3.8 PARKER HANNIFIN CORP 9.3.9 MANN+HUMMEL 9.3.10 Wetzel Technologies
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The base year considered for the Air Filtration market report is 2020. The complete analysis period is 2018 to 2028, wherein, 2018 & 2019 are the historic years, and the forecast is provided from 2021 to 2028.
The demand for air filtration from sales of HEPA filters is driving the market growth. HEPA filter are suitable for industrial or lab applications as well as offices, shops, restaurants and other business environments where air quality can be always enhanced.
In addition to market size (in USD Million) and Company Market Share (in % for base year 2020), other data such Macro-economic factors, COVID-19 Impact on the air filtration market is available in final report.
According to this Growth Market Reports, the market from air filtration market is likely to register a CAGR of 7.1% during period 2021-2028, with an anticipated valuation of USD 2,799.0 million by the end of the 2028.