Increasing industrialization owing to growing demand from end user is one of the biggest factor for the CO2 emission. In addition, growing power demand increased the coal consumption resulted in the emission of large amount of CO2.
Globally, China by far the largest CO2 emitter owing to its large manufacturing sector and less stringent environment regulations relative to western economies. CO2 released causes air pollution resulting in air bone diseases. According to World Health Organization (WHO), in 2019, 99% of the world population was living in places where the WHO air quality guidelines levels were not met. Further, to create a healthy living environment air purifiers are needed to purify the polluted air. However, high installation cost can hamper the demand of air purifiers. Moreover, governments are heavily investing in air purifiers to improve the air quality index and reduce respiratory diseases caused by air pollution.
Major players in the market are continuously working towards introducing new filters offering advance filtration capabilities mainly to competitive advantage over their rivals. For instance, in 2019, Eaton Corporation PLC launched LOFTREX Nylon 6.6 melt-blown filter cartridges, mainly for specialty chemical manufacturers of liquid resins, additives, solvent and aqueous based paints, lacquers, emulsions, waxes or other high temperature fluids who expect quality, a clear and pure product with consistency and not grit, discoloration or contaminant.
Amongst products, ULPA filters to witness strong growth in the global industrial filtration market. The ULPA standard requires removal of 99.9995% of particles down to 1.2 micrometers. ULPA filter can remove a wide variety of particles from the air. For example, it can completely remove – dust, bacteria, pigments, pollen, metallurgical dust/fumes, ground talc as well as (to a large extent, not 100%) oil smoke, tobacco smoke, rosin smoke, smog, insecticide dust. It can also remove carbon black to some extent. In addition, HEPA filter market is also expected to witness significant growth during the forecast period. The growth of the market is attributed to rapid industrialization and emission of toxic gases with deteriorating air quality.
APAC to witness fastest growth during the forecast period mainly due to the rising adoption of industrial filters in countries such as China, Japan, India, and others countries is set to drive the industrial filtration industry as they have more number of industries, especially in China as it is the manufacturing hub for various industries. Additionally various government initiatives have been pushing the industrial centrifugal filtration systems industry. For instance, in Indian Government has taken some initiatives such as green skill development program to curb the pollution from industries which set to drive the industrial filtration systems. Moreover, rise in economic standards along with flourishing end-use industries in the developing countries of the region is further expected to promote the industry growth in APAC.