Pleated Filters Market

Market Overview:

The global pleated filters market size reached US$ 12.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 17.7 Billion by 2032, exhibiting a growth rate (CAGR) of 3.96% during 2024-2032. The rising concern for indoor air quality, favorable government policies, increasing product utilization in healthcare settings, rising industrialization, rapid technological advancements and growing public health awareness are some of the major factors propelling the market.

Pleated filters are air or liquid filtration devices made of a pleated fabric or paper medium that increases the filter's surface area for improved efficiency. These filters come in various forms, including high-efficiency particulate air (HEPA), minimum efficiency reporting value (MERV), and ultra-low penetration air (ULPA), each tailored to specific filtration requirements. The primary components of pleated filters include the pleated media, frame, and adhesive that binds the media to the frame. These filters find applications across diverse industries, such as heating, ventilation, air conditioning (HVAC), automotive, healthcare, and manufacturing facilities. Pleated filters have a high particle capture rate, owing to the increased surface area that the pleated design offers. Additionally, pleated filters often require less frequent replacement compared to flat-panel alternatives, which makes them cost-effective in the long run. Their design also allows for a higher airflow rate, translating into energy savings and improved indoor air quality. 

The rising concern for indoor air quality due to increased air pollution levels is one of the major factors driving the market growth. Besides this, the increasing stringent government regulations in the residential and commercial sectors, encouraging them to adopt advanced filtration systems, are creating a positive outlook for the market growth. Moreover, the rising industrialization leading to higher demand for effective filtration in manufacturing plants, chemical industries, and power generation facilities is providing a considerable boost to the market growth. Additionally, the increasing utilization of pleated filters in healthcare settings, owing to the growing necessity for sterile environments in hospitals and research labs, often employing HEPA and ULPA filters, is providing an impetus to the market growth. Furthermore, rapid advancements in filter technology, leading to longer-lasting and more efficient products, are also bolstering the market growth. Apart from this, the growing popularity of pleated filters for energy efficiency, allowing for better airflow and lower energy consumption, is anticipated to drive the market growth. Along with this, the increasing public awareness about the benefits of advanced filtration systems, particularly during events like disease outbreaks or natural disasters, is creating remunerative growth opportunities for the market.

Pleated Filters Market Trends/Drivers:

Rising concern for indoor air quality

The escalating concern for indoor air quality owing to the rising health issues such as allergies, asthma, and respiratory infections is one of the major factors facilitating the product demand. Besides this, the increasing importance of pleated filters, owing to the exceeding air pollution levels in many urban and industrialized areas, is creating a positive outlook for the market growth. Additionally, the growing regulatory implementation by governments and regulatory bodies about air quality standards, leading to a surge in the adoption of advanced filtration solutions like pleated filters in residential, commercial, and public buildings, is providing an impetus to the market growth. Furthermore, the increasing awareness about health-consciousness, leading to the demand for better indoor air quality, is supporting the market growth. In line with this, the widespread popularity of pleated filters, as they offer a highly efficient and cost-effective solution to improve air quality, capturing a high percentage of airborne particles and thus mitigating health risks, is providing lucrative growth opportunities for the market.

Increasing industrialization and manufacturing needs

The rising industrialization across the globe is one of the major drivers contributing to the market growth. In line with this, the growing manufacturing activities, leading to an increasing requirement for effective air and liquid filtration systems to comply with safety regulations and ensure smooth operations, is providing a considerable boost to the market growth. Moreover, the widespread demand for pleated filters in manufacturing plants, chemical industries, and power generation facilities, as they produce a variety of pollutants and particulates that necessitate efficient filtration, is creating a positive outlook for the market growth. Apart from this, the increasing product utilization owing to the rising awareness about environmental compliance and for protecting the workforce's health, and ensuring the longevity and efficiency of machinery is anticipated to drive the market growth. In line with this, the growing preference for pleated filters due to their higher surface area and filtration capabilities, which effectively remove contaminants and ensure clean airflow or liquid flow, is supporting the market growth. 

Growing application in healthcare settings

The increasing adoption of pleated filters in hospitals, research laboratories, and pharmaceutical manufacturing units that require extremely high levels of cleanliness and air purity to prevent contamination and infection is providing a considerable boost to the market growth. In line with this, the growing demand for high-efficiency pleated filters like HEPA and ULPA to meet stringent air quality standards is creating a positive outlook for the market growth. Besides this, the growing importance of the high particle-capture rate of pleated filters in surgical rooms, intensive care units (ICUs), and labs is providing an impetus to the market growth. In addition to this, the widespread product utilization in healthcare settings during global health crises is also favoring the market growth. Furthermore, the rising popularity of pleated filters, as they effectively eliminate airborne pathogens and contaminants and play an essential role in maintaining sterile environments, is creating a positive outlook for the market growth.

Pleated Filters Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global pleated filters market report, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on product type and application.

Breakup by Product Type:

• Air Filters
• Food and Beverages Filters
• Oil Filters
• Others
   

Air filters dominate the market

The report has provided a detailed breakup and analysis of the market based on the product type. This includes air filters, food and beverages filters, oil filters and others. According to the report, air filters represented the largest segment.

The increasing utilization of air filters to remove dust, pollen, mold spores, and other airborne particulate in residential and commercial buildings and maintain superior indoor air quality are propelling the market growth. In addition to this, the growing need for air filters in industrial settings as manufacturing plants often generate large amounts of dust, fumes, and other particulates that pose a risk to human health and can damage machinery and hinder operational efficiency. Air filters, especially those with pleated designs, offer high performance in capturing these contaminants due to their increased surface area and superior filtration media. Besides this, the widespread demand for air filters in hospitals, research labs, and pharmaceutical facilities to ensure that surgical areas, patient rooms, and laboratories are free from airborne pathogens and contaminants is supporting the market growth. Furthermore, rapid technological advancements in air filter design, which lead to longer lasting and more efficient products that allow for better airflow, are favoring the market growth.

Breakup by Application:

• Industrial
• Paints and Coating
• Chemicals and Petrochemicals
• Electronics
• Oil and Gas
• Power Generation
• Food and Beverage
• Others
   

A detailed breakup and analysis of the market based on the application has also been provided in the report. This includes industrial, paints and coating, chemicals and petrochemicals, electronics, oil and gas, power generation, food and beverage, and others.

The growing regulatory compliance in industrial settings to ensure air and water quality, environmental sustainability, and worker safety is creating a positive outlook for the market growth. Pleated filters are often the go-to choice for industries aiming to comply with these standards due to their high efficiency in removing particulates and contaminants. Besides this, the increasing utilization of pleated filters in industrial settings, such as manufacturing plants, chemical factories, and power generation facilities, as contaminants can cause wear and tear on machinery, leading to increased maintenance costs and downtime, is providing a considerable boost to the market growth. Furthermore, the growing health awareness that industrial processes can emit harmful particles, gases, or chemicals into the air, posing serious health risks to workers, is also positively impacting the market growth. In addition to this, rapid technological advancements leading to more specialized pleated filters that can handle specific industrial applications, such as filters with anti-microbial coatings or those capable of handling corrosive substances, have broadened the application scope of pleated filters in various industrial settings.

Breakup by Region:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others 
• Middle East and Africa
   

Europe exhibits a clear dominance, accounting for the largest pleated filters market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe accounted for the largest market share.

Europe is dominating the pleated filter market owing to the stringent regulatory landscape governing air and water quality. The regional governmental agencies, like the European Environment Agency (EEA) and national bodies, enforce strict standards, making compliance a necessity for industries and commercial establishments, leading to a surge in the demand for high-efficiency filtration systems. Furthermore, Europe is home to some of the world's most technologically advanced industries, including automotive, pharmaceuticals, and manufacturing. These sectors require specialized filtration solutions for optimal operational efficiency, worker safety, and environmental protection, contributing to the market growth. Besides this, the increasing public awareness and corporate responsibility towards ecological sustainability in Europe, giving rise to a market that values efficiency and places a premium on eco-friendly and energy-efficient products, is propelling the market growth. Additionally, Europe's strong economic conditions provide financial flexibility for companies and consumers to invest in higher-quality, efficient filtration systems, consolidating Europe's dominant position in the global pleated filter landscape.

Competitive Landscape:

The leading firms in the pleated filters market are heavily investing in research and development (R&D) to create more efficient and specialized pleated filters that include filters with higher particulate retention capabilities, energy efficiency, and longer lifespans. Besides this, firms are expanding their reach to tap into emerging markets, especially in developing countries where industrialization is rising to serve local demands more effectively. Moreover, companies are working closely with regulatory bodies to ensure their products meet or exceed compliance standards to enhance their market credibility and create a competitive edge. Additionally, the key companies are engaging in mergers and acquisitions to gain access to new technologies and customer bases quickly. Along with this, the key players are leveraging digital platforms to provide information, customer support, and tailored solutions as customer education and engagement become increasingly important. In addition to this, companies are adopting more sustainable manufacturing practices and focusing on creating products with a lower environmental impact. Apart from this, the major companies are also focusing on offering cost-effective solutions, especially in markets where price sensitivity is a significant factor.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

• Airex Filter Corporation
• Camfil AB
• Clark Air Systems
• Columbus Industries, Inc. (Filtration Group Corporation)
• Donaldson Company, Inc.
• Freudenberg Filtration Technologies GmbH & Co. KG
• Graver Technologies
• Koch Filter
• Parker Hannifin Corporation
• Spectrum Filtration Pvt. Ltd.
• The Strainrite Companies
• Troy Filters

Pleated Filters Market Report Scope:

 Key Questions Answered in This Report:

• How has the global pleated filters market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global pleated filters market?
• What is the impact of each driver, restraint, and opportunity on the global pleated filters market?
• What are the key regional markets?
• Which countries represent the most attractive pleated filters market?
• What is the breakup of the market based on the product type?
• Which is the most attractive product type in the pleated filters market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the pleated filters market?
• What is the competitive structure of the global pleated filters market?
• Who are the key players/companies in the global pleated filters market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the pleated filters market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global pleated filters market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the pleated filters industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.