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Global Fiberglass Filters Market worth over $1.3 Bn by 2026
- Published Date: August 26, 2020
Fiberglass Filters Market size is set to surpass USD 1.3 billion by 2026; according to a new research report by Global Market Insights Inc.
Rapid growth in healthcare & pharmaceutical industries owing to emerging technologies and new product formulations will drive market expansion. These products are used in these industries in order to remove dust & pollen, which is anticipated to drive industry growth.
Growing product adoption due to consciousness among building managers and construction engineers regarding clean & safe air quality is likely to drive industry growth. Rising focus of market player in introducing products for different application ranging from pollen collection to paint arresters will further foster fiberglass filters industry growth.
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Beneficial regulations by EPA & European commission regarding the usage of HVAC systems in order to prevent direct airflow will favor industry growth. Manufacturers focus on producing high quality HVAC systems complying with guidelines and regulations will further escalate industry size in forecast timeline.
France fiberglass filters market demand from residential application to reach USD 7 million by 2026 owing to strong usage in air conditioners. Majority of the European countries including France, Italy, Spain and UK are equipped with air conditioner, which requires HVAC systems including fiberglass filters. These products utilizes glass in order to provide protection from dust, pollen and unwanted particles which can impact health. These factors are likely to promote industry growth by 2026.
Browse key industry insights spread across 400 pages with 391 market data tables and 36 figures & charts from the report, “Fiberglass Filters Market Size By Type (Air, Fluid), By Usage (Furnace Unit, Air Conditioner), By Application (Dust And Fume Filtration, Paint Arresting, Light Diffusers, Railroad Bag Filters, Roof Ridge Vents), By End-Use (Residential, Non-Residential [Commercial/Office Buildings, Institution, Healthcare], Industrial [Food & Beverage, Pharmaceutical, Construction, Livestock Production], Transportation [Rail]), Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
Widespread prevalence of COVID-19 is having a mixed impact on fiberglass filters market as the demand is increasing to owing to rising awareness and need for clean & safe air. However, closing of manufacturing plants and lockdown among major countries has caused disruption in supply chains and has negatively impacted profit margin of industry players.
Growing product utilization in paints & coatings application
These products are also utilized in specialty applications including paint arrestor which results in overall performance, reduce shipping & storage cost and yield of the final products. Certified fiberglass filters used in paint arresting applications provides efficiency ranging from 98% to 100%, which is anticipated to foster industry growth. These products soak up overspray and airborne particles, similar to that of sponge. By filtering the unwanted particles, these products provide high resilience & rigidity in the air stream.
Rising demand for paints & coatings globally has also resulted utilization of accessories including filtration systems, which captures unwanted particles present in fluid and greases, thereby driving market growth.
According to the report, India fiberglass filters market share from paint arresting application will surpass USD 6 million by 2026.
Growing manufacturing sector in Latin America will foster product demand
Growing manufacturing sector in Latin American countries including Brazil, Mexico, Argentina and Chile is likely to favor market demand. Construction actives due to rapid industrialization will lead to increased number of unwanted particles in the surrounding, which can be eliminated using fiberglass filters, thereby driving industry growth.
As per the industry forecasts report, Latin America fiberglass filters market revenue from roof ridge vents application is predicted to gain more than 2% through 2026.
The major players in market includes Smith Filters Manufacturer, Camfil, Troy Filters, Superior Fibers, Filtration Group, Freudenberg & Co. Kg, and Tri Dim. Companies are focusing on introducing novel products with high efficiency along with expanding regional presence.