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Filters Market Share, Demand Analysis & Forecast 2032

  • Writer: Pallavi Garudkar
    Pallavi Garudkar
  • 1 day ago
  • 3 min read
Filters Market
Filters Market

According to Fortune Business Insights the global filter market was valued at USD 100.22 billion in 2023. The market is projected to grow from USD 105.03 billion in 2024 and reach USD 161.13 billion by 2032, exhibiting a CAGR of 5.5% during the forecast period. Filters are vital for construction equipment, protecting components and moving parts from dirt, debris, and chemicals. They prevent costly damage to systems, including pumps, piping, and heat exchangers, which can be compromised by water contamination.

Segmentation Analysis:

By Product Type

  • Air filters: driven by demand for air quality control in residential, commercial, industrial, and healthcare environments.

  • Water filters: fueled by water pollution, demand for clean drinking water, wastewater treatment, and industrial purification.

  • Gas filters: used in industrial, oil & gas, power generation, and automotive sectors.

By Application (End‑use Industries)

  • Oil & Gas and Power: largest share, critical for equipment protection, emission control, and process safety.

  • Chemicals & Materials

  • Pharmaceuticals / Medical

  • Automotive

  • Food & Beverage

  • Metal & Mining

  • Other industrial and consumer applications (utilities, residential, HVAC, water treatment, etc.)

By Region

  • North America held the largest share in 2023, driven by industrialization, regulatory standards, and advanced manufacturing.

  • Asia Pacific is a key growth region due to urbanization, infrastructure development, and expanding industrial and water/air treatment needs.

  • Europe has strong adoption in automotive, power, pharmaceuticals, water treatment, and environmental compliance.

Key Drivers & Trends:

  • Rising awareness of air and water quality among consumers, businesses, and governments.

  • Stricter environmental and emission regulations in automotive, industrial, and power sectors.

  • Growth in industrialization, infrastructure, oil & gas, chemicals, pharmaceuticals, and utilities.

  • Expansion of filter usage in residential and commercial spaces, including HVAC and water purification.

  • Technological advancements: high-efficiency filters, smart/IoT-enabled systems, and improved filter performance.

Market Outlook:

  • The filters market is expected to reach USD 161.13 billion by 2032, driven by environmental concerns, industrial growth, regulations, and expanding applications.

  • Air filters are expected to be the fastest-growing segment, driven by indoor air quality, healthcare, HVAC, and residential/commercial air purifiers.

  • Water and gas filtration will see significant growth in industrial and residential applications.

  • Asia Pacific will emerge as a key growth engine due to urbanization, industrial activity, and demand for clean air and water.

  • Ongoing innovation in filter technology and regulation-driven demand will support long-term growth.

Key Players:

  • DAIKIN INDUSTRIES, Ltd. (Japan)

  • EATON CORPORATION plc (Ireland)

  • DuPont (U.S.)

  • MANN + HUMMEL (Germany)

  • PARKER-HANNIFIN CORP (U.S.)

  • Donaldson Company, Inc. (U.S.)

  • Camfil (Sweden)

  • Freudenberg Filtration Technologies SE & Co. KG (Germany)

  • Lydall Gutsche GmbH & Co. KG (Germany)

  • Cummins Inc. (U.S.)

Key Industry Development:

  • September 2023: Parker Hannifin launched the CDFX-B SAP-free water barrier filter, designed to remove water and contaminants from fuel while improving filtration and condition monitoring.

  • May 2023: 3M invested USD 146 million to expand its biotechnology manufacturing capabilities, using advanced filter materials that capture impurities while releasing active ingredients.

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