Title: Fiberglass Filters Market estimated to gain high demand by 2026
1Fiberglass Filters Market Development Trends and
Growth Drivers Analysis by 2026
- The fiberglass filters market is projected to
observe remunerative growth over the coming years
due to the increasing prevalence of airborne
diseases across the globe. In addition, rapid
growth of the paints industry, primarily due to
the increasing commercialization and construction
should further drive the product demand over the
coming years. Fiberglass filters are extensively
used while painting as filters for the workers.
As per a research report by Global Market
Insights Inc. the global fiberglass filters
market is likely to reach a valuation of 1.3
billion by 2026. - The expansion of the construction industry across
various developed and developing countries is
likely to drive the demand for fiberglass filters
through the forecast timeframe. In fact, in 2018,
US President Donald Trump unveiled a significant
investment of 1.5 trillion for the development
of public infrastructure and construction the
country. This investment would be used over the
next 10 years to repaid and upgrade USAs public
infrastructure. Such initiatives are likely to
majorly fuel the demand for fiberglass filters.
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2- On the regional front, increasing product demand
from the transportation sector is likely to
foster the North America fiberglass market share
over the coming years. in fact, the regional
market is projected to exceed a valuation of 20
million by the end of 2026. Increasing product
use in transportation with an aim to reduce
pollution levels and also supply clean air should
complement the regional market outlook further.
In addition, mounting investments in the
transportation industry along with the rising
customer shift towards energy efficiency, IAQ
(Indoor Air Quality), and system performance are
likely to stimulate regional market size.
- Apart from Italy, China fiberglass filters
industry is estimated to witness gains of more
than 5 through the forecast timespan owing to a
growing demand from the countrys food and
beverage application segment. An upsurge in the
disposable income of the regional population,
changing demographics, and busier lifestyle has
increased the consumption of a variety of
processed food and beverages in recent years.
Moreover, technological advancements in the field
of food processing have fostered the segment
share in the region.
- Meanwhile, market players are increasingly
rolling out new products to better address a
diverse array of customer requirements. Taking
September 2019 for instance, Camfil, a renowned
air filters developer and manufacturer company
reportedly launched a new Camfil Megalam
Energuard HEPA filter. This new filter is
developed for the life science industry.
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4- Speaking of the regional landscape, Italy
fiberglass filters industry is estimated to
foresee tremendous growth through the furnace
unit usage segment. In fact, the regional market
is projected to observe gains of more than 5.5
by the end of the analysis period. The furnace
units are likely to observe significant
deployment owing to their ability to filter large
airborne particles and liquids in air conditioner
and furnace units. The furnace unit filters are
inexpensive, disposable, and effective which
predominantly increases their demand globally.
Moreover, the increasing HVAC systems requirement
in Europe owing to the developing pharmaceuticals
sector should thereby stimulate the overall
market size.
- The competitive landscape of the fiberglass
filters industry is inclusive of players such as
Tri Dim, AAF, Mahle Industrial Filtration,
Superior Fibers, Smith Filters, Camfil, and Troy
Filters.
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