Abstract
US demand for filters to reach $12.4 billion in 2013
Demand for filters in the US is forecast to grow 3.3 percent per year to $12.4
billion in 2013. Advances will be spurred by pending changes in environmental
regulations, particularly those involving reduced emissions from power plants
and diesel engines, as well as improved operational efficiency of motor
vehicle engines. Demand will also be boosted by the increasing interest of
manufacturers in reclaiming production inputs from process water and investing
in water recycling processes to reduce costs.
In addition, advances will be driven by ongoing sales in the aftermarket,
which accounts for the vast majority of demand. However, growth in the
aftermarket will be offset to a degree by users' tendency to replace filters
less often than recommended by the manufacturers, and the ongoing development
of filters featuring longer lasting media or other technologies that extend
their useful life. Original equipment filter sales will benefit from a
projected rebound in new vehicle production and the increasing penetration of
newer filter products, particularly in the motor vehicle and consumer markets.
Air filters will hold best growth prospects
In 2008, internal combustion engine filters (e.g., oil filters, air intake
filters, fuel filters, cabin air filters and others) accounted for the largest
share of filter shipments in 2008 with 39 percent. Although this is a
relatively mature product group, sales will benefit from the ongoing
development of new types of emissions filters, particularly for diesel
engines, and the rising aftermarket for cabin air filters. Shipments of fluid
filters (e.g., municipal water and waste, fluid power, consumer water and
industrial fluid filters) had the second largest share of total shipments with
35 percent. Although they compete with high-end membrane separation
technologies, fluid filters will also benefit from their use as pre-treatment
steps for these technologies. Shipments of air filters are expected to see the
best growth through 2013, stimulated primarily by changes in environmental
regulations and advances in the consumer market.
Motor vehicles to remain leading market
The motor vehicle market will continue to account for the largest portion of
total demand, with a 27 percent share in 2013, despite below average growth.
Advances will be driven by the high volume of these filters sold both as
original equipment and in the aftermarket; however, gains are restrained by
the price competitive nature of this market. Demand for filters in the
utilities market is forecast to see the most rapid gains, powered by current
and pending regulations, as well as concerns about the quality of potable
water supplies and the air.
Study coverage
Filters, a new Freedonia industry study, presents historical demand data
(1998, 2003 and 2008) plus forecasts for 2013 and 2018 by filtration
technology, product and market. This US study also considers market
environment factors, evaluates company market share and profiles 38 industry
competitors
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