Pleated Filters Market

Pleated Filters Market Size:

The global pleated filters market size reached US$ 12.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 17.7 Billion by 2032, exhibiting a growth rate (CAGR) of 3.96% during 2024-2032. The rising concern for indoor air quality, favorable government policies, increasing product utilization in healthcare settings, rising industrialization, rapid technological advancements, and growing public health awareness are some of the major factors propelling the growth of the market.

Pleated Filters Market Analysis:

• Major Market Drivers: The increasing air and water pollution levels, prompting higher demand for efficient filtration systems represent the major driver of the market. Industrial growth, especially in manufacturing and HVAC systems, boosts the need for advanced filters to ensure air quality and equipment longevity.
• Key Market Trends: Significant advancements in nanofiber technology, enhancing filter efficiency and durability represent the key trends of the market. The shift toward sustainable and eco-friendly filter materials is also prominent, catering to environmental concerns. Customization in filter design to meet specific industrial requirements is another emerging trend.
• Geographical Trends: Europe accounts for the largest region in the pleated filters market value. Strict environmental regulations, increasing industrial activities, and rising health awareness are driving the growth of the market across the region.
• Competitive Landscape: Some of the major market players in the pleated filters industry include Airex Filter Corporation, Camfil AB, Clark Air Systems, Columbus Industries, Inc. (Filtration Group Corporation), Donaldson Company, Inc., Freudenberg Filtration Technologies GmbH & Co. KG, Graver Technologies, Koch Filter, Parker Hannifin Corporation, Spectrum Filtration Pvt. Ltd., The Strainrite Companies, Troy Filters, among many others.
• Challenges and Opportunities: The market faces various challenges including high competition, fluctuating raw material prices, and the need for constant technological innovation to meet strict environmental regulations. However, the market also faces several opportunities such as the growing demand for air and water purification due to increasing pollution levels and health awareness.
   

Pleated Filters Market Trends:

Increasing Air and Water Pollution

The rising levels of pollution necessitate efficient filtration systems to ensure clean air and water, which is boosting the demand for pleated filters in both residential and industrial applications. According to industry reports, annually, numerous species of marine life die after consuming plastic or becoming entangled in it. Annually around 11 million tons of plastic amasses in the oceans, rivers, and seas across the planet, and it could take up to 200 years for this plastic to degrade. Researchers have found that if plastic pollution continues at the current rate, by 2040 the annual amount of plastic waste will hit 29 million tons. Over 80% of wastewater returns to various ecosystems untreated or unusable. Every day, 14 billion liters of wastewater containing human waste with bacteria and pathogens that breed disease are produced in the least developed nations. This is expected to boost the pleated filters market forecast over the coming years.

Rising Stringent Environmental Regulations

Governments and regulatory bodies worldwide are implementing stricter environmental and health regulations, which is compelling industries to adopt advanced filtration technologies to comply with standards. For instance, various governmental initiatives, such as the Atal Mission for Rejuvenation and Urban Transformation, National Mission for Clean Ganga, Jal Jeevan Mission, and Community Drinking Water Schemes, contribute to the growth of the Indian water and wastewater treatment market. Similarly, in June 2023, the West Bengal government in India launched buses with air purifiers in the state capital, Kolkata, to bring down pollution levels in the city, according to the state’s pollution control board. The Bus Roof Mounted Air Purification System (BRMAPS), named ‘Suddha Vayu’, is the first of its kind in India, as per the statement issued by the West Bengal Pollution Control Board (WBPCB). This is further fueling the pleated filters market revenue positively.

Significant Technological Advancements

Innovations in filter materials, such as nanofibers, and the integration of smart technologies for real-time monitoring enhance filter efficiency and longevity, thus making pleated filters more attractive to end-users. For instance, in November 2023, Nirvana Being launched a new air sterilizing purifier that comes with the MESP (Micro-electrostatic Precipitator) technology. As the air quality around the world continues to deteriorate, there is an urgent demand for indoor air purification solutions that are both highly effective and environmentally responsible. The latest device represents a significant leap forward for the portable air purifier market as it showcases a new era of electronic air purification technology that not only guarantees the cleanliness of indoor air but also delivers energy efficiency.

Pleated Filters Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on product type and application.

Breakup by Product Type:

• Air Filters
• Food and Beverages Filters
• Oil Filters
• Others
   

Air filters accounts for the majority of the market share

The pleated filters market report has provided a detailed breakup and analysis of the market based on the product type. This includes air filters, food and beverages filters, oil filters and others. According to the report, air filters represented the largest segment.

The increasing utilization of air filters to remove dust, pollen, mold spores, and other airborne particulate in residential and commercial buildings and maintain superior indoor air quality are propelling the pleated filters market growth. In addition to this, a rising need for air filters in industrial settings as manufacturing plants often generate large amounts of dust, fumes, and other particulates that pose a risk to human health and can damage machinery and hinder operational efficiency. Air filters, especially those with pleated designs, offer high performance in capturing these contaminants due to their increased surface area and superior filtration media. For instance, in February 2023, Samsung Electronics introduced a new air filter technology that simultaneously collects particulate matter (PM) and decomposes Volatile Organic Compounds (VOCs) and can be used for 20 years through simple water washing.

Breakup by Application:

• Industrial
• Paints and Coating
• Chemicals and Petrochemicals
• Electronics
• Oil and Gas
• Power Generation
• Food and Beverage
• Others
   

A detailed breakup and analysis of the market based on the application has also been provided in the report. This includes industrial, paints and coating, chemicals and petrochemicals, electronics, oil and gas, power generation, food and beverage, and others.

The demand for pleated filters in industrial applications is driven by the need to maintain clean air and environments to protect machinery and ensure worker safety. Efficient filtration systems help reduce equipment downtime, enhance product quality, and comply with stringent environmental regulations, making pleated filters essential in various manufacturing and processing industries.

In the paints and coatings industry, pleated filters are crucial for capturing overspray and ensuring a clean painting environment. They help in maintaining product quality by preventing contamination and ensuring a smooth finish. Additionally, compliance with air quality regulations and the need for efficient filtration solutions is driving the pleated filters demand in this sector.

The chemicals and petrochemicals industry relies on pleated filters to remove impurities from air and liquids, ensuring the purity of chemical processes and products. Efficient filtration is vital for protecting equipment, reducing maintenance costs, and complying with strict safety and environmental standards, thereby driving the demand for pleated filters in this sector.

In the electronics industry, pleated filters are essential for maintaining cleanrooms and preventing contamination during the manufacturing of sensitive components. High-efficiency filtration ensures product quality, reduces defects, and complies with stringent industry standards, making pleated filters crucial in electronics manufacturing and assembly processes.

The oil and gas sector demands pleated filters for filtration of drilling fluids, gases, and other process fluids. These filters help protect equipment, ensure smooth operations, and comply with environmental regulations. The need for reliable and efficient filtration solutions in harsh and demanding environments drives the demand for pleated filters in this industry.

In power generation, pleated filters are used to maintain clean air and fluid systems, ensuring the efficient operation of turbines and other equipment. Effective filtration reduces maintenance costs, prevents equipment failure, and enhances overall plant efficiency. The demand for reliable and durable filters in this critical sector drives the use of pleated filters.

The food and beverage industry requires pleated filters to ensure product purity and safety by removing contaminants from air and liquids. These filters help maintain high hygiene standards, comply with food safety regulations, and enhance product quality. The growing emphasis on food safety and quality control drives the demand for pleated filters in this sector, thus creating a positive pleated filters market outlook.

Breakup by Region:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others 
• Middle East and Africa
   

Europe leads the market, accounting for the largest pleated filters market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe represents the largest regional market for pleated filters.

Europe is dominating the pleated filter market owing to the stringent regulatory landscape governing air and water quality. Regional governmental agencies, like the European Environment Agency (EEA) and national bodies, enforce strict standards, making compliance a necessity for industries and commercial establishments, leading to a surge in the demand for high-efficiency filtration systems. Furthermore, Europe is home to some of the world's most technologically advanced industries, including automotive, pharmaceuticals, and manufacturing. Additionally, Europe's strong economic conditions provide financial flexibility for companies and consumers to invest in higher-quality, efficient filtration systems, consolidating Europe's dominant position in the global pleated filter landscape. For instance, in January 2023, The MANN+HUMMEL Group announced a strategic investment in M-Filter Group, one of the largest filter manufacturing companies in Northern and Eastern Europe with several production facilities in Finland and Lithuania. This is expected to fuel the pleated filters market share across the region.

Competitive Landscape:

• The pleated filters market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players include Airex Filter Corporation, Camfil AB, Clark Air Systems, Columbus Industries, Inc. (Filtration Group Corporation), Donaldson Company, Inc., Freudenberg Filtration Technologies GmbH & Co. KG, Graver Technologies, Koch Filter, Parker Hannifin Corporation, Spectrum Filtration Pvt. Ltd., The Strainrite Companies, and Troy Filters.
  
  (Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
   
• The pleated filters market is highly competitive, with key players like 3M, Parker Hannifin, and Donaldson Company leading the industry. These pleated filters companies focus on product innovation, advanced filtration technologies, and expanding their product portfolios to maintain a competitive edge. Additionally, smaller regional players and new entrants contribute to market dynamics through niche applications and cost-effective solutions. For instance, in January 2024, Coway, a leading wellness tech company launched the Airmega 100 air purifier, adding an affordable option for smaller spaces to its U.S. lineup of best-in-class products for cleaner air. The newest product is Airmega’s first cylindrical model and launches at Coway’s most affordable price point ever. Whether it's reducing allergens and viruses. removing smoke or eliminating unpleasant odors, the Airmega 100 efficiently filters harmful pollutants and purifies indoor air for healthier living.

Pleated Filters Market News:

• In June 2024, Rensa Filtration started producing high-performance HEPA filters at its headquarters and manufacturing campus in Aurora, Illinois, USA. The SuperFlo HEPA filters use advanced mini-pleat technology to achieve high dust loading and low resistance to airflow at 250 FPM, 500 FPM, and 600 FPM compared to aluminum separator-style HEPA filters. This filter design provides HEPA level filtration with lower pressure drop, which leads to energy savings and lower cost of ownership.
• In October 2023, Rensa Filtration, a manufacturer and distributor of consumable, mission-critical air filtration products, announced today that it recently completed the acquisition of Smith Filter, based in Moline, IL. This acquisition expands Rensa’s product portfolio into metal air filters. Smith’s metal filters help protect equipment and processes in commercial and industrial filtration applications involving high temperatures and harsh environments.

Pleated Filters Market Report Scope:

Key Questions Answered in This Report:

• How has the global pleated filters market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global pleated filters market?
• What is the impact of each driver, restraint, and opportunity on the global pleated filters market?
• What are the key regional markets?
• Which countries represent the most attractive pleated filters market?
• What is the breakup of the market based on the product type?
• Which is the most attractive product type in the pleated filters market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the pleated filters market?
• What is the competitive structure of the market?
• Who are the key players/companies in the global pleated filters market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the pleated filters market overview from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global pleated filters market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the pleated filters industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.