IMARC Group's report titled "Pleated Filters Market Report by Product Type (Air Filters, Food and Beverages Filters, Oil Filters, and Others), Application (Industrial, Paints and Coating, Chemicals and Petrochemicals, Electronics, Oil and Gas, Power Generation, Food and Beverage, and Others), and Region 2024-2032". The global pleated filters market size reached US$ 12.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 17.7 Billion by 2032, exhibiting a growth rate (CAGR) of 3.96% during 2024-2032.
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Factors Affecting the Growth of the Pleated Filters Industry:
The increasing awareness among individuals about the importance of maintaining air quality is supporting the growth of the market. In addition, people are increasingly becoming aware about air pollution and its adverse health effects. Moreover, organizations and individuals are actively seeking ways to improve indoor air quality. Apart from this, pleated filters remove contaminants, such as dust, pollen, allergens, and even fine particulate matter effectively from the air. Furthermore, pleated filters offer high filtration efficiency and durability, which is impelling the market growth.
The rising adoption of heating, ventilation, and air conditioning (HVAC) systems in residential and commercial buildings is bolstering the growth of the market. In line with this, pleated filters are essential components within HVAC systems, serving as primary filtration barriers that ensure the delivery of clean and purified air to indoor spaces. Furthermore, the increasing focus on occupant comfort, energy efficiency, and health is strengthening the market growth. Besides this, the commercial sector, including offices, shopping malls, and healthcare facilities relies on efficient HVAC systems to maintain comfortable and safe environments for occupants.
Technological advancements in pleated filters include advanced filtration media with nanofiber coatings, self-cleaning mechanisms, and antimicrobial coatings. In line with this, variable pleat geometries optimize airflow and filtration, while smart filters with sensors provide real-time monitoring. Furthermore, low-resistance designs improve energy efficiency, and customization options to cater to specific needs. Besides this, the rising focus on eco-friendly materials and processes is impelling the market growth. These innovations benefit in enhancing efficiency, durability, and environmental impact of pleated filters, which is propelling the market growth.
Leading Companies Operating in the Pleated Filters Industry: