Global demand for filters is forecast to expand 5.1 percent per year to $58.3 billion in 2013, according to a report by the Freedonia Group (www.freedoniagroup.com). Market advances in the Africa/Mideast region, developing parts of the Asia/Pacific region, Eastern Europe and Latin America are expected to considerably outpace increases in the United States, Western Europe and Japan. Product sales in developing areas will be driven by healthy economic growth, ongoing industrialization efforts and rising per capita incomes, all of which will bolster manufacturing output, building construction spending, and motor vehicle and internal combustion engine (ICE) motorcycle ownership levels.
WORLD FILTER DEMAND
% Annual Growth
© 2009 by The Freedonia Group, Inc
Freedonia predicts sales of air purification filters will increase 5.8 percent annually through 2013, while the market for fluid filters will climb at a 4.9 percent annual pace, spurred by growth in nonagricultural water withdrawals, the implementation of stricter water pollution control standards, and an ongoing trend toward urbanization, resulting in greater spending for water and wastewater treatment. However, ICE and related filters will remain by far the largest product segment, expanding 4.8 percent per annum through 2013. Demand for these items will be driven by growth in the number of motor vehicles and other ICE-powered equipment in use (most notably in China), further increases in motor vehicle output and climbing demand for products like cabin air and diesel particulate filters.
Consumer- and utility-related sales will grow more quickly than demand for filtration products used in other applications, according to Freedonia. Consumer filter sales will be fueled by concerns about the quality of indoor air and drinking water supplies, population growth in rural and semi-rural areas where municipal supplies are not available, and higher per capita incomes in most parts of the world, helping make consumer filters more affordable. Utilities filter market gains will be stimulated by rising global demand for water and electric utility services. However, transportation equipment will remain the biggest single market for filters in 2013, benefitting from an expansion in the overall number of motor vehicles, motorcycles and other transportation equipment.