The automotive filter materials market is seeing increased value
due to a growing focus on fuel efficiency and rising air pollution
levels.
WILMINGTON, Del., July 25, 2024 /PRNewswire/ -- The global
automotive filter materials market stood at US$ 1.5 billion in 2023, and the global market is
projected to reach US$ 2.6
billion in 2034. The automotive filter materials market
is anticipated to expand at a CAGR of 5.3% between 2024 and
2034.
The automotive filter materials market is witnessing substantial
growth, driven not just by increasing focus on fuel efficiency and
rising concerns about air pollution, but also by the active
participation of manufacturers and consumers.
As the automotive industry evolves, there is a growing emphasis
on reducing emissions and improving the overall efficiency of
vehicles. This has led to heightened demand for advanced filter
materials that can effectively capture contaminants and ensure
optimal engine performance.
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In the automotive sector, fuel efficiency and environmental
impact are key concerns. Both manufacturers and consumers are
actively seeking ways to reduce fuel consumption and minimize
environmental impact. High-quality filter materials are
instrumental in this effort.
They maintain clean air flow to the engine, promoting efficient
combustion. This not only enhances fuel efficiency but also
significantly reduces the emission of harmful pollutants, making a
substantial contribution to a greener environment.
Air pollution is another significant driver for the automotive
filter materials market. With increasing urbanization and
industrial activities, air quality has deteriorated, leading to
stricter regulations on vehicle emissions.
Automotive filters, such as air, oil, and fuel filters, are
essential components in meeting these stringent emission standards.
They help in trapping particulate matter, pollutants, and other
contaminants, thereby reducing the release of harmful substances
into the atmosphere.
Technological advancements in filter materials have further
propelled market growth. Innovations such as nanofiber filters and
advanced composite materials offer superior filtration efficiency
and durability. These materials are designed to withstand harsh
operating conditions, ensuring long-lasting performance and reduced
maintenance costs.
The market is also benefiting from the rise in electric and
hybrid vehicles, which require specialized filter materials for
their unique powertrains. Additionally, increasing awareness about
the health impacts of air pollution is driving consumer demand for
vehicles equipped with high-efficiency cabin air filters, which
improve in-car air quality.
Key Takeaways of Market Report
- Global automotive filter materials market to generate absolute
dollar opportunity worth US$ 2.6
billion until 2034.
- Global automotive filter materials market is valued at
US$ 1.5 billion in 2023.
- Asia Pacific is forecasted to
hold the largest share in 2023.
Automotive Filter Materials Market: Growth Drivers
- Air filters clean the air entering a vehicle, ensuring
efficient combustion, better fuel efficiency, and power delivery.
Gasoline and diesel injector filters enhance power output and fuel
efficiency, reduce emissions, and ensure smooth engine
operation.
- With global fossil fuel depletion expected by 2060 and rising
fuel prices, the demand for energy-efficient solutions is growing,
boosting the automotive filter materials market.
- Increasing air pollution poses health risks, making cabin air
filters essential for improving in-vehicle air quality and ensuring
passenger safety. This trend is further driving market growth as
consumers and manufacturers prioritize cleaner, more efficient
automotive solutions.
Automotive Filter Materials Market Report
Scope:
Report
Coverage
|
Details
|
Forecast
Period
|
2024-2034
|
Base
Year
|
2020-2022
|
Size in 2023
|
US$ 1.5 Bn
|
Forecast (Value) in
2034
|
US$ 2.6 Bn
|
Growth Rate
(CAGR)
|
5.3 %
|
No. of
Pages
|
241
Pages
|
Segments
covered
|
By Material Type, By
Filter Type, By Vehicle Type, By Region
|
Automotive Filter Materials Market: Regional
Landscape
- In 2023, Asia Pacific
dominated the automotive filter materials market, driven by a surge
in automobile sales. India, in
particular, witnessed a substantial increase in passenger vehicle
sales, with total sales rising to 3,890,114 units in
FY-2022-23.
- The rise in sales of passenger cars, utility vehicles, and vans
contributed to this growth, as reported by the Society of Indian
Automobile Manufacturers.
- In China, the automotive
filter materials market is propelled by the escalating air
pollution crisis. Thirteen provincial capitals failed to meet
national standards for PM2.5, while eleven capitals fell short of
the ozone standard in 2023. This concerning trend underscores the
urgent need for effective automotive filters to mitigate air
pollution, driving market expansion in the region.
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Automotive Filter Materials Market: Key Players
- In 2023, Donaldson Company, Inc. introduced a new line
of advanced automotive air filters designed to meet increasingly
stringent emission standards and combat air pollution. These
filters utilize innovative materials and technology to provide
superior filtration efficiency, ensuring cleaner air intake for
engines and reducing harmful emissions.
- In 2023, Atmus Filtration Technologies Inc. developed a
groundbreaking fuel injector filter technology aimed at improving
fuel efficiency and engine performance in automobiles. This
innovative filter design effectively removes contaminants from
fuel, ensuring optimal combustion and reducing emissions, thereby
contributing to a cleaner and more sustainable automotive
industry.
Automotive Filter Materials Market: Segmentation
By Material Type
- Synthetic Fiber
- Cellulose
- Activated Carbon
- Metal Mesh
- Others
By Filter Type
- Fuel Filter
- Oil Filter
- Intake Air Filter
- Cabin Air Filter
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Off-road Vehicles
- Powersports Vehicles
- Lawn Mowers
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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