Spain Filters Market Size & Outlook, 2021-2030
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Spain filters market highlights
- The Spain filters market generated a revenue of USD 1,970.3 million in 2021 and is expected to reach USD 2,564.1 million by 2030.
- The Spain market is expected to grow at a CAGR of 3% from 2022 to 2030.
- In terms of segment, ice filters was the largest revenue generating type in 2021.
- Air Filters is the most lucrative type segment registering the fastest growth during the forecast period.
Filters market data book summary
| Market revenue in 2021 | USD 1,970.3 million |
| Market revenue in 2030 | USD 2,564.1 million |
| Growth rate | 3% (CAGR from 2021 to 2030) |
| Largest segment | Ice filters |
| Fastest growing segment | Air Filters |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fluid Filters, ICE Filters, Air Filters |
Other key industry trends
- In terms of revenue, Spain accounted for 2.7% of the global filters market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany filters market is projected to lead the regional market in terms of revenue in 2030.
- Russia is the fastest growing regional market in Europe and is projected to reach USD 2,871.3 million by 2030.
Ice filters was the largest segment with a revenue share of 43.16% in 2021. Horizon Databook has segmented the Spain filters market based on fluid filters, ice filters, air filters covering the revenue growth of each sub-segment from 2018 to 2030.
The environmental legal framework of Spain, which comprises laws that regulate polluting industries and their activities, is derived from the EU legislation. The law is enforced to protect the environment and control the emission of contaminants into the atmosphere and water bodies.
In addition, entities failing to comply with the set environmental standards are subject to the imposition of penalties including fines, imprisonment, and closure or disqualification from conducting industrial activities. Strict government regulations and growing environmental concerns are expected to promote the application of filtration processes to limit toxic emissions.
Increasing expansion of application industries including automotive, oil & gas, food & beverages, and others are expected to raise the standards for filtration and demand for advanced filters. Stringent regulations for food safety in the country has mandate the food producers to use advanced filters in the facilities for filtration of processed food & beverages to ensure the quality and standards, thus are supporting the filters market.
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Filters Market Scope
Filters Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Dayton Superior | View profile | 5001-10000 | Miamisburg, Ohio, United States, North America | http://www.daytonsuperior.com/default.aspx |
| CTS Cement Manufacturing Corporation | View profile | 101-250 | Garden Grove, California, United States, North America | http://ctscement.com |
| LATICRETE International | View profile | 1001-5000 | Bethany, Connecticut, United States, North America | https://laticrete.com |
| MYK Arment | View profile | 501-1000 | Hyderabad, Andhra Pradesh, India, Asia | https://mykarment.com |
| TCC Materials | View profile | 251-500 | Mendota, Minnesota, United States, North America | http://tccmaterials.com |
| Larsen Building Products | View profile | 101-250 | Belfast, Belfast, United Kingdom, Europe | https://larsenbuildingproducts.com |
| Durabond Products | View profile | 11-50 | Scarborough, Ontario, Canada, North America | https://www.durabond.com |
| Duraamen Engineered Products | View profile | 11-50 | Boston, Massachusetts, United States, North America | http://www.duraamen.com |
| USG | View profile | 5001-10000 | North Chicago, Illinois, United States, North America | https://www.usg.com/ |
| Sika AG | View profile | 33547 | Zugerstrasse 50, Baar, Switzerland, 6340 | https://www.sika.com |
Spain filters market size, by type, 2018-2030 (US$M)
Spain Filters Market Outlook Share, 2021 & 2030 (US$M)
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