Market Summary The global pleated filters market was USD 14 billion in 2022. It is projected to reach USD 27.99 billion by 2032, with a compound annual growth rate (CAGR) of 8% during the forecast period. The increasing demand for pleated filters in sectors such as healthcare, pharmaceuticals, food & beverage, and automotive is driving the market's revenue growth. The emphasis on maintaining indoor air quality and awareness of the importance of clean air for good health are contributing to the expansion of the market. Additionally, stringent government regulations on air pollution control are expected to further boost the demand for pleated filters.

Pleated filters are gaining popularity due to their effectiveness in capturing air pollutants like pollen, mold spores, and other airborne particles that can cause allergies, asthma, and respiratory disorders. The demand for pleated filters is growing in residential and commercial buildings, hospitals, and other healthcare facilities. Moreover, the food and beverage industry is witnessing an increased demand for pleated filters to maintain cleanliness and safety standards, which is driving market growth.

In the automotive industry, the desire for clean and fresh air inside car cabins is driving the demand for pleated filters. These filters effectively capture and remove harmful air pollutants such as PM2.5 particles and volatile organic compounds (VOCs) in car air conditioning systems. The focus on reducing vehicle emissions and improving fuel efficiency is also contributing to the increased demand for pleated filters in the automotive sector.

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Furthermore, the market for pleated filters is expected to benefit from the growing trend towards energy-efficient products. Pleated air filters have a longer lifespan compared to other types of filters, making them an attractive option for consumers. The availability of high-quality pleated filters with MERV ratings ranging from 13 to 16 is projected to drive demand for premium HVAC filters in hospitals and surgical facilities. The ongoing COVID-19 pandemic has also increased the demand for pleated filters, as they are effective in trapping airborne viruses and bacteria.

However, the availability of cheaper air filters in the market is expected to drive the expansion of the pleated filters market. The initial higher cost of pleated filters may hinder their adoption, especially in price-sensitive regions. Additionally, the presence of alternative air filtering technologies could impact the revenue growth of pleated filters.

Government regulations play a significant role in shaping the pleated filters market. The U.S Environmental Protection Agency (EPA) has established standards for materials used in manufacturing pleated filters and emission control systems in vehicles manufactured in the United States. The European Union has set minimum air quality standards and regulations to reduce pollutant emissions, requiring the use of pleated filters in vehicles and other applications. Governments in India, China, and Japan have also implemented stringent regulations on emissions control, mandating the use of pleated filters in automobiles and other equipment. The U.S Department of Energy has set minimum energy efficiency standards for air conditioners and heat pumps, requiring manufacturers to utilize pleated filters for optimal performance. The International Organization for Standardization (ISO) has developed a standard for evaluating filter media performance, including parameters such as pressure drop, dust holding capacity, and air flow resistance, ensuring that pleated filters meet the required performance standards.

Pleated Filters Market: Drive factors

The pleated filters market is driven by several key factors, including:

1.      Increasing demand in various end-use sectors: The growing demand for pleated filters in sectors such as healthcare, pharmaceutical, food & beverage, automotive, and residential and commercial buildings is a significant driver of market growth. Pleated filters are highly effective in trapping air pollutants and maintaining indoor air quality, which is crucial for good health. The emphasis on preserving air quality, along with strict government regulations on air pollution control, is driving the demand for pleated filters.

2.      Rising awareness of health benefits: Pleated filters are gaining popularity due to their efficacy in capturing airborne particles that can cause allergies, asthma, and other respiratory disorders. The increasing awareness of the importance of clean air for maintaining good health is driving the demand for pleated filters, particularly in residential and commercial buildings, hospitals, and healthcare facilities.

3.      Need for clean air in automotive cabins: The desire for clean and fresh air inside automobile cabins is driving the demand for pleated filters in the automotive industry. Pleated filters are used in car air conditioning systems to trap and remove harmful air pollutants, such as PM2.5 particles and volatile organic compounds (VOCs). The emphasis on reducing vehicle emissions and improving fuel efficiency further contributes to the demand for pleated filters in the automotive sector.

4.      Growing trend towards energy-efficient products: Pleated filters are favored for their longer lifespan compared to other types of air filters, making them an attractive choice for consumers. The increasing demand for energy-efficient products, including HVAC systems and air purifiers, is driving the adoption of pleated filters. Their high-quality filtration and longer service life contribute to energy savings and cost-effectiveness.

Overall, the combination of increased demand in multiple sectors, growing awareness of health benefits, emphasis on clean air in automotive cabins, the trend towards energy-efficient products, stringent government regulations, and the impact of the COVID-19 pandemic are the major driving factors behind the growth of the pleated filters market.

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