Industrial Air Filtration Market Analysis Report By Product, By End Use, By Region And Segment Forecasts From 2020 To 2027

Industry Insights

The global industrial air filtration market size was accounted for USD 10.4 billion in 2019. It is projected to expand at a CAGR of 7.3% over the forecast period, 2020 to 2027. The growing need for controlling air quality across end-use industries is mainly driving the market growth. An air filtration system helps to control contaminants levels in the air and to improve air quality. In addition, the rising environmental concerns and reducing natural depositories are projected to spur the growth of the market.

Supportive government regulations about emission control are projected to foster market growth. For example, in the U.S., the Clean Air Act has designed policies to reduce air pollution. The growing automotive, manufacturing sectors are using industrial air filtration systems. Moreover, the adoption of the Kyoto protocol promotes the usage of the industrial air filtration system.

Furthermore, technological developments with innovative air control solutions are expected to boost market growth. For example, the application of inhibited oxidation in wet scrubber offers various benefits like low cost, low usage. In the oxidation process, emulsified sulfur is put into a feed tank, and the oxidation rate is under 15.0% which allows the use of lower expensive materials. These technological innovations and approaches are anticipated to bolster industrial air filtration market growth.

The air filtration system also reduces operational costs and maintains compliance with quality standards. The growing demand for reducing energy consumption is projected to proliferate the need for air filtration systems. Moreover, rising air pollution, and focus on reducing natural depositories are expected to support the market growth.  Air filtration systems are widely used across industries such as food, power, cement, pharmaceuticals, and metals. However, high operating costs linked with the air filtration system may restrain the market growth.

Product Insights

Based on the product, the market is fragmented into oil mist collectors, dust collectors, HEPA filters, baghouse filters, cartridge collectors & filters (CC&F), dry scrubbers, and wet scrubbers. In 2019, the wet scrubbers type segment held the highest market share. It is projected to expand at a CAGR of over 7.0% from 2020 to 2027. Various benefits like static pressure, airflow, high collection efficiency are contributing to segment growth.

Dry scrubbers are used as substitutes to wet scrubbers due to their drawbacks. The dry scrubbers type segment is anticipated to grow at the fastest CAGR during the forecasted period. Several benefits such as low operational cost, high corrosion resistance are boosting the segment growth. The dust collectors product segment is projected to grow at a CAGR of over 6.5% from 2020 to 2027. Dust collectors protect pollution and improved productivity.

End-use Insights

Air filters help in protecting advanced and sensitive manufacturing processes and reducing the risk of contamination. Thus, these purifiers are highly used in the food, cement, pharmaceutical, power, and pulp & paper industries. In 2019, the power end-use industry segment led the market with the largest share of over 19.0% in the overall market. It is projected to expand at a CAGR of 7.0% over the forecast period. Power plants have to strictly maintain their gas and air flows in their manufacturing units.

The food end-use industry segment is estimated to expand at the fastest growth rate during the forecast period. The segment contributed to a market revenue share of over 17.5% in 2019. In food companies, it is necessary to maintain air quality for preserving food products. Thus, food manufacturers focus on food safety measures and follow food safety standards. All these key factors are projected to foster market growth.

Regional Insights

In 2019, Europe accounted for the highest market share of over 27.0% in the overall industrial air filtration market. The region is highly characterized by domestic and global players. Latin America is estimated to expand at a substantial CAGR of over 7.5% during the forecast period. High demand for air filters across industries like food and metal industries is supporting the market growth.

Asia Pacific is anticipated to register a CAGR of over 8.0% from 2020 to 2027. Rapid industrialization is mainly driving regional growth. China is projected to hold the largest share in the market. The rising import & export activities from the pharmaceutical sector are boosting the market growth.

Impact of COVID-19

COVID-19 outbreak has affected the global market. All the air filters and purifier manufacturing facilities had been shut down during the quarter Q1 & Q2 of 2020 due to a lockdown situation. The stoppage of production and supply chain disruption of raw materials has mainly hampered market growth.

However, product innovations and supportive initiatives by OEMs are projected to boost the demand for industrial air filtration systems over the forecast period. For instance, Mann+Hummeloffer is a filtration system with high sterilization and other viruses, allergic protection. Thus amid pandemic, the market is projected to expand at a steady rate over the next seven years.

Industrial Air Filtration Market Share Insights

Leading players in the market include MANN+HUMMEL; Honeywell International, Inc.; 3M; Daikin Industries, Ltd.; SPX Corporation; and Clean TeQ Holdings Limited. Key companies in the industry focus on investment in R&D to produce new filters.

The companies in the market engage in strategic acquisitions and partnerships with other players to increase their presence across the globe. For example, in 2018, Mann+Hummel acquired an American company called Tri-Drim Filter Corporation.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2027. For the purpose of this study, Million Insights has segmented the global industrial air filtration market report on the basis of product, end-use, and region:

• Product Outlook (Revenue, USD Billion, 2016 - 2027)
    • Dust Collectors
    • Oil Mist Collectors
    • HEPA Filters
    • Cartridge Collectors & Filters (CC&F)
    • Baghouse Filters
    • Welding Fume Extractors
    • Wet Scrubbers
    • Dry Scrubbers

• End-use Outlook (Revenue, USD Billion, 2016 - 2027)
    • Cement
    • Food
    • Metals
    • Power
    • Pharmaceutical
    • Agriculture
    • Paper & Pulp and Woodworking
    • Plastic
    • Others

• Regional Outlook (Revenue, USD Billion, 2016 - 2027)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
        • France
        • Italy
        • Turkey
        • Sweden
        • Spain
        • Poland
    • The Asia Pacific
        • China
        • India
        • Japan
        • South Korea
        • Singapore
        • Australia
    • Latin America
        • Brazil
        • Mexico
        • Argentina
    • Middle East & Africa
        • South Africa
        • UAE