Industrial, Manufacturing & Heavy Industry Market News

The global filter market is expected to reach $81.7 billion by 2022 according to new research report

Lucintel anticipates that Asia Pacific and North America will be the fastest growing regions in the global filter market

According to a new market report published by Lucintel, the future of the global filter market looks promising with opportunities in the consumer, industrial, transportation, and utility industries. The global filter market is expected to reach an estimated $81.7 billion by 2022 and it is forecast to grow at a CAGR of 5.3% from 2017 to 2022.

The major drivers of growth for this market are changing stringent water and waste water regulations, increasing regulations for air emission from vehicles and manufacturing plants, rapid industrialization and globalization, and growth in the automotive production.

In this market, ICE (internal combustion engines) filters, air filters (HEPA/ULPA filter, mid/high performance filter, dust filter and bag filter), and fluid filters are some of the major segments of the filter market by product type.