International. With the deterioration of indoor and outdoor air quality in recent years, the air filters market is proliferating across the globe, according to a recently published TechSci Research report.
The global air filter market is estimated to exceed $19 billion by 2020. During the recession, demand for air filters was hampered due to a drop in consumer spending and industrialization. However, the market has been recovering because of rising disposable income, along with growing concerns regarding air quality and related health disorders.
"The global air filter market continues to be dominated by Asia-Pacific, due to rapid industrialization along with growth in the economies of this region," said Karan Chechi, director of research with TechSci Research, a research-based global management consulting firm. "Air filter manufacturers see countless opportunities across this region, due to the growth of end-use industries such as semiconductors, electronics, energy, cement, and the steel industry. The Asia-Pacific market is anticipated to retain market dominance during the forecast period as well, growing at a higher CAGR compared to other regions."
