Abstract
Global demand to grow over 5% annually through 2011
World filter demand is projected to climb over 5 percent annually through 2011
to $49 billion. Market gains in developing parts of Asia/Pacific, Eastern
Europe, Africa/Mideast and Latin America will outpace demand in the US,
Western Europe and Japan, fueled by healthy economic growth, ongoing
industrialization efforts and rising personal income levels, resulting in
higher manufacturing output, building construction expenditures and motor
vehicle ownership levels.
In addition, environmental and other relevant laws and regulations are
expected to become stricter and better enforced in a number of developing
countries, bolstering associated filter demand. China, India and Russia will
post some of the strongest sales increases. China alone will account for more
than one-quarter of all additional filtration product demand through 2011 and
surpass Japan to become the second largest market in the world behind the US.
Growth is also expected to be healthy in lower-volume markets such as
Indonesia, Iran, Turkey, Thailand and South Africa.
Filter demand in developed parts of the world will expand as well. Product
sales will be stimulated by largely favorable economic climates and higher per
capita income, resulting in increased manufacturing output and consumer
spending, which will boost related filter demand. The implementation of
stricter environmental standards (like those for diesel engine particulate
emissions) will also contribute to market gains in these areas.
Study coverage
It presents historical demand data for the years 1996, 2001 and 2006 and
forecasts for 2011 and 2016 by product, market, world region and for 26
countries. The study also considers market environment factors, evaluates
company market share data and profiles 38 filter industry competitors
worldwide.
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