This is the latest forecast in the continually updated Air Filtration and Purification World Markets report published by the McIlvaine Co.
Medium efficiency filters (F5-9) account for more than half of the market, with high efficiency filters (H10-17) the second biggest category. Low efficiency filters are seeing their market share fall as purchasers move to more efficient options, while gas phase filters, which eliminate odours and toxic gases, have gained in popularity.
Commercial and institutional buildings are the largest purchasers of air filters while the electronics industry continues to be a user purchaser of high efficiency filters. McIlvaine expects that the manufacture of photovoltaic solar cells will be a high growth segment for air filters over the next few years.
Asia is growing at a much faster rate than other regions, reflecting higher GDP growth rates, investment in infrastructure including commercial buildings, concentration of the world’s electronic production in the region and heightened concerns over health.
Due to the large and expanding markets in Asia, international filter manufacturers are shifting production to the region. In addition domestic manufacturers have not only increased capacity but quality as well. As a result, McIlvaine expects that the region will be shifting from the net import to net export of filters and filter media.