The automotive filter materials market is seeing increased value due to a growing focus on fuel efficiency and rising air pollution levels.
WILMINGTON, Del., July 25, 2024 /PRNewswire/ -- The global automotive filter materials market stood at US$ 1.5 billion in 2023, and the global market is projected to reach US$ 2.6 billion in 2034 [https://www.transparencymarketresearch.com/automotive-filter-materials-market.html]. The automotive filter materials market is anticipated to expand at a CAGR of 5.3% between 2024 and 2034.
https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg [https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg]
The automotive filter materials market is witnessing substantial growth, driven not just by increasing focus on fuel efficiency and rising concerns about air pollution, but also by the active participation of manufacturers and consumers.
As the automotive industry evolves, there is a growing emphasis on reducing emissions and improving the overall efficiency of vehicles. This has led to heightened demand for advanced filter materials that can effectively capture contaminants and ensure optimal engine performance.
Download Sample PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=86130 [https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=86130]
In the automotive sector, fuel efficiency and environmental impact are key concerns. Both manufacturers and consumers are actively seeking ways to reduce fuel consumption and minimize environmental impact. High-quality filter materials are instrumental in this effort.
They maintain clean air flow to the engine, promoting efficient combustion. This not only enhances fuel efficiency but also significantly reduces the emission of harmful pollutants, making a substantial contribution to a greener environment.
Air pollution is another significant driver for the automotive filter materials market. With increasing urbanization and industrial activities, air quality has deteriorated, leading to stricter regulations on vehicle emissions.
Automotive filters, such as air, oil, and fuel filters, are essential components in meeting these stringent emission standards. They help in trapping particulate matter, pollutants, and other contaminants, thereby reducing the release of harmful substances into the atmosphere.
Technological advancements in filter materials have further propelled market growth. Innovations such as nanofiber filters and advanced composite materials offer superior filtration efficiency and durability. These materials are designed to withstand harsh operating conditions, ensuring long-lasting performance and reduced maintenance costs.
The market is also benefiting from the rise in electric and hybrid vehicles [https://www.transparencymarketresearch.com/hybrid-vehicles-market.html], which require specialized filter materials for their unique powertrains. Additionally, increasing awareness about the health impacts of air pollution is driving consumer demand for vehicles equipped with high-efficiency cabin air filters, which improve in-car air quality.
Key Takeaways of Market Report
-- Global automotive filter materials market to generate absolute dollar
opportunity worth US$ 2.6 billion until 2034.
-- Global automotive filter materials market is valued at US$ 1.5 billion
in 2023.
-- Asia Pacific is forecasted to hold the largest share in 2023.
Automotive Filter Materials Market: Growth Drivers
-- Air filters clean the air entering a vehicle, ensuring efficient
combustion, better fuel efficiency, and power delivery. Gasoline and
diesel injector filters enhance power output and fuel efficiency, reduce
emissions, and ensure smooth engine operation.
-- With global fossil fuel depletion expected by 2060 and rising fuel
prices, the demand for energy-efficient solutions is growing, boosting
the automotive filter materials market.
-- Increasing air pollution poses health risks, making cabin air filters
essential for improving in-vehicle air quality and ensuring passenger
safety. This trend is further driving market growth as consumers and
manufacturers prioritize cleaner, more efficient automotive solutions.
Automotive Filter Materials Market Report Scope:
Report Coverage Details Forecast Period 2024-2034 Base Year 2020-2022 Size in 2023 US$ 1.5 Bn Forecast (Value) in 2034 US$ 2.6 Bn Growth Rate (CAGR) 5.3 % No. of Pages 241 Pages Segments covered By Material Type, By Filter Type, By Vehicle Type, By Region
Automotive Filter Materials Market: Regional Landscape
-- In 2023, Asia Pacific dominated the automotive filter materials market,
driven by a surge in automobile sales. India, in particular, witnessed a
substantial increase in passenger vehicle sales, with total sales rising
to 3,890,114 units in FY-2022-23.
-- The rise in sales of passenger cars, utility vehicles, and vans
contributed to this growth, as reported by the Society of Indian
Automobile Manufacturers.
-- In China, the automotive filter materials market is propelled by the
escalating air pollution crisis. Thirteen provincial capitals failed to
meet national standards for PM2.5, while eleven capitals fell short of
the ozone standard in 2023. This concerning trend underscores the urgent
need for effective automotive filters to mitigate air pollution, driving
market expansion in the region.
Request Table of Content Here: https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=86130 [https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=86130]
Automotive Filter Materials Market: Key Players
-- In 2023, Donaldson Company, Inc. introduced a new line of advanced
automotive air filters designed to meet increasingly stringent emission
standards and combat air pollution. These filters utilize innovative
materials and technology to provide superior filtration efficiency,
ensuring cleaner air intake for engines and reducing harmful emissions.
-- In 2023, Atmus Filtration Technologies Inc. developed a groundbreaking
fuel injector filter technology aimed at improving fuel efficiency and
engine performance in automobiles. This innovative filter design
effectively removes contaminants from fuel, ensuring optimal combustion
and reducing emissions, thereby contributing to a cleaner and more
sustainable automotive industry.
Automotive Filter Materials Market: Segmentation
By Material Type
-- Synthetic Fiber
-- Cellulose
-- Activated Carbon
-- Metal Mesh
-- Others
By Filter Type
-- Fuel Filter
-- Diesel
-- Gasoline
-- Oil Filter
-- Intake Air Filter
-- Cabin Air Filter
By Vehicle Type
-- Passenger Cars
-- Light Commercial Vehicles
-- Heavy Commercial Vehicles
-- Off-road Vehicles
-- Powersports Vehicles
-- Lawn Mowers
By Region
-- North America
-- Europe
-- Asia Pacific
-- Middle East & Africa
-- Latin America
Purchase the Report for Market-Driven Insights:
https://www.transparencymarketresearch.com/checkout.php?rep_id=86130<ype=S [https://www.transparencymarketresearch.com/checkout.php?rep_id=86130<ype=S]
Have a Look at More Valuable Insights of Chemicals And Materials
-- Ceramic Tiles Market
[https://www.transparencymarketresearch.com/ceramic-tiles-market.html]:
The global ceramic tiles market is anticipated to rise at a CAGR of 9.7%
during the forecast timeline, from 2019 to 2027. The revenue of ceramic
tiles market is likely to touch US$ 180 Bn by 2027.
-- Synthetic Diamond Market
[https://www.transparencymarketresearch.com/synthetic-diamond-market.htm
l]: The synthetic diamond market was estimated to have acquired US$ 21.4
billion in 2021. It is anticipated to register a 6.9% CAGR from 2022 to
2031 and by 2031; the market is likely to gain US$ 43.7 billion.
-- Car Rental Market
[https://www.transparencymarketresearch.com/car-rental-market.html]:
Surge in adoption of smartphones and rise in penetration of internet are
likely to offer lucrative growth opportunities for car rental companies.
About Transparency Market Research
Transparency Market Research, a global market research company [https://www.transparencymarketresearch.com/] registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com [https://www.transparencymarketresearch.com/]
Email: sales@transparencymarketresearch.com [mailto:sales@transparencymarketresearch.com]
Follow Us: LinkedIn [https://www.linkedin.com/company/transparency-market-research]| Twitter [https://twitter.com/research_market]| Blog [https://tmrblog.com/] | YouTube [https://www.youtube.com/@transparencymarketresearch9870]
Logo: https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg [https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg]
View original content:https://www.prnewswire.co.uk/news-releases/automotive-filter-materials-market-to-expand-at-a-cagr-of-5-3-reaching-usd-2-6-billion-from-2024-to-2034-tmr-analysis-outlook-key-players-growth-rate-market-share-302205216.html [https://www.prnewswire.co.uk/news-releases/automotive-filter-materials-market-to-expand-at-a-cagr-of-5-3-reaching-usd-2-6-billion-from-2024-to-2034-tmr-analysis-outlook-key-players-growth-rate-market-share-302205216.html]
Photo: https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg Transparency Market Research
