Laminated Filter Market Size, Share, Growth, and Industry Analysis, By Type (Polyester Resin and Fiberglass), By Application (Industrial, Pools and Others), Regional Forecast to 2028

Updated On: 20 November 2023

Laminated Filter Market Report Overview

• 

• Request a Free Sample to learn more about this report

The global laminated filter market size expanded rapidly in 2022. The global COVID-19 pandemic has been unprecedented and staggering, with the laminated filter market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is expected to generate a substantial revenue by 2028, a robust CAGR during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Use of renewable materials is on the rise. For example, bio-based resins and recovered filter media are increasingly being used in the production of laminated filters. Growing worries about sustainability and the effects of production on the environment are what's driving this. New filter media and adhesives are constantly being developed to enhance the performance and longevity of filters, and this trend is particularly evident in the field of filters. Demand in emerging markets is rising, especially in Asia-Pacific and South America where these filters are in high demand. This is a result of these areas being more industrialized and urbanized.

The COVID-19 pandemic has had a conflicting effect on the global laminated filter market, causing demand to rise in some sectors while falling in others. As the world economy strengthens and the demand for product increases in sectors like healthcare and pharmaceuticals, the market is anticipated to rebound.

COVID-19 Impact: disrupted supply chain impeded market expansion during pandemic

Global supply chains have been hampered by the COVID-19 pandemic, which has resulted in a lack of the raw materials and parts needed to manufacture laminated filters. Costs have gone up and manufacturing has been delayed as a result.  The pandemic has caused a slowdown in the market in a number of sectors, including the automotive, aerospace, and construction industries. The filters demand has decreased as a result of this. The pandemic has caused consumers to spend more online, which has decreased foot traffic in business establishments. As a result, there is less demand for the product utilized in commercial buildings' HVAC systems. The COVID-19 pandemic has had a conflicting effect on the global market, causing demand to rise in some sectors while falling in others. As the world economy strengthens and the demand for laminated filters increases in sectors like healthcare and pharmaceuticals, the laminated filter market is anticipated to rebound.

Latest Trends

"High efficiency of the machine to drive market trends"

The laminated filter market is witnessing a number of trends, such as a focus on high-efficiency filters, the adoption of renewable materials, technological improvements, rising demand in emerging regions, and a focus on air filtering in healthcare. The following are some of the most recent trends in the market. Demand for high-efficiency filters is rising as more people realize their need for filters that can capture even the smallest airborne particles. This is a result of growing worries about indoor air pollution and the requirement to keep industrial buildings' air clean.

Air filtering is becoming more important in healthcare The COVID-19 pandemic has raised awareness of the value of air filtration in halting the spread of infectious diseases that are carried by the air. High-efficiency products are now more in demand in healthcare facilities as a result of this.

Laminated Filter Market Segmentation

• 

• Request a Free Sample to learn more about this report

• By Type Analysis

According to type, the market can be segmented into polyester resin and fiberglass.

• By Application Analysis

Based on application, the market can be divided into industrial, pools and others.

Driving Factors

"Rising demand for product from various end-use industries to surge market growth"

The main driving forces behind the growth of the global laminated filter market are the rising demand from various end-use industries, rising public awareness of the dangers of air pollution to health, technological advancements in filters, strict governmental regulations, and rising demand from developing nations. It is widely employed in a variety of end-use industries, including the automotive, aerospace, construction, healthcare, and food and beverage sectors. The market is expanding as a result of the rising demand from these sectors. Growing understanding of air pollution and its consequences on health The need for this machinery as a practical remedy for enhancing indoor air quality is being driven by the growing awareness of the detrimental impacts of air pollution on human health.

"Constant R&D on the product and various automatic feature installation to propel product demand"

Laminated filters are becoming more effective and efficient as a result of ongoing developments in filter technology, such as the creation of high-efficiency filter media and adhesives. Governments all over the world are putting in place restrictions that are too strict, which is what is driving the demand for the product to comply with these requirements and minimize the emissions of dangerous pollutants from various businesses. Increasing demand from emerging countries: The industrialization and urbanization of emerging economies, particularly in Asia-Pacific and Latin America, are driving up demand for the product in these regions.

Restraining Factors

"High cost of machines may hinder various industries from its adoption"

Some of the key restraints on the worldwide laminated filter market are the high cost of the product, competition from other air filtering technologies, difficulties with disposal and recycling, supply chain disruptions, and the effects of economic downturns.

Laminated Filter Market Regional Insights

• 

• Request a Free Sample to learn more about this report

"Expansion of healthcare and automotive sector to boost major growth in North America"

The market for laminated filters in North America is led by the rising demand from the automotive and healthcare sectors as well as the strict government regulations put in place to control emissions of dangerous pollutants. The greatest market for laminated filters in this area is the United States.

 The growing understanding of air pollution and its impact on health, as well as rising demand from sectors like construction and aerospace, are what are driving the European laminated filter market. The main markets for laminated filters in this region are Germany, the UK, and France.

Growing urbanization and industrialization in developing nations like China and India, as well as rising industrial demand, are what are driving growth in Asia-Pacific.

Key Industry Players

"Adoption Innovative Strategies by Key Players Influencing Market Development"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. The top key players in the market are Astralpool, Hidro Water, Sterlitech, Productos QP, Certikin, Aqua Prime and Bombas PSH.

Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over market shares by the key players stimulates the market growth.

List of Market Players Profiled

• Astralpool
• Hidro Water
• Sterlitech
• Productos QP
• Certikin
• Aqua Prime
• Bombas PSH

Report Coverage

This report examines an understanding of the global laminated filter market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macroeconomic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of laminated filter market dynamics change.