Filters Market Size Trends

The global filters market is poised for significant expansion, with an estimated value of USD 79.25 billion in 2023. As the industry looks to the future, a compound annual growth rate (CAGR) of 5.2% from 2024 to 2030 is anticipated.

? Market Overview

• Market Size (2023): USD 79.25 billion

• CAGR (2024–2030): 5.2%

• Growth Drivers:

  • Emission reduction regulations

  • Rising use of air purifiers

  • Water treatment infrastructure

  • Automotive sector expansion

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? Application Insights

• Top Segment (2023): Automotive (46% share)

  • Key roles: oil filters, cabin air, emission systems

  • Growth regions: Asia Pacific, MEA, Latin America

• Rising Segment: Air filtration (fastest growth to 2030)

  • Driven by: purifiers, vehicle emission rules, indoor air quality

? Product Insights

• Top Product: ICE filters (40%+ share in 2023)

  • Driven by auto sector, Euro 5 6 norms

• Fluid Filtration: Growth via beverage, pharma, water treatment

• Air Filtration: High growth from home/office purifiers

? Regional Insights

• Asia Pacific: Dominates (44%+ share), led by China, India

• North America: Tech-driven growth (nanotech, automotives)

• Europe: Industrial emissions control (cement, metallurgy)

? Key Trends

• RD in high-efficiency, long-life filters

• Surge in portable purifiers (Dyson, Philips)

• Growth in microfiltration (pharma, wine)

• Regulatory tailwinds: Clean Air/Water Acts, Kyoto, EPA rules

? Major Players

• 3M Company (CO₂ removal tech with Svante)

• Donaldson Company

• Parker Hannifin Corp

• Freudenberg Filtration Technologies

• Camfil (Launched CamPure 8 in 2023)