Latin America Industrial Air Filtration Market Size & Outlook
Latin America industrial air filtration market, 2018-2030 (US$M)
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Latin America industrial air filtration market highlights
- The Latin America industrial air filtration market generated a revenue of USD 270.5 million in 2023.
- The market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, dust collection filters was the largest revenue generating product in 2023.
- HEPA Filters is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 270.5 million |
| Market revenue in 2030 | USD 384.7 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Dust collection filters |
| Fastest growing segment | HEPA Filters |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dust Collection Filters, Mist Collection Filters, Fume Collection Filters, HEPA Filters |
| Key market players worldwide | Honeywell International Inc, Daikin Industries Ltd, Danaher Corp, Donaldson Co Inc, SPX Technologies Inc, Lydall, Alfa Laval AB, Parker Hannifin Corp |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.4% of the global industrial air filtration market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,516.0 million by 2030.
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Industrial Air Filtration Market Scope
Industrial Air Filtration Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America industrial air filtration market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial air filtration market will help companies and investors design strategic landscapes.
Dust collection filters was the largest segment with a revenue share of 42.03% in 2023. Horizon Databook has segmented the Latin America industrial air filtration market based on dust collection filters, mist collection filters, fume collection filters, hepa filters covering the revenue growth of each sub-segment from 2018 to 2030.
The rising industrial activities in Central & South America drive the demand for industrial air filtration in the region. Industrial policies formulated by governments of different countries in Central & South America focus on sustainable development across the region.
Key countries in the region that account for the majority of the industrial output of Central & South America are Brazil, Colombia, Chile, the Dominican Republic, and Ecuador. The chart below represents the share of intermediate consumption and value added to the gross domestic production (GDP) in 2020.
Countries such as Brazil, Chile, Colombia, Ecuador, etc., account for a cumulative share of more than 60% of the manufacturing value added in the region annually. An increase in investments in industrial sector and the expansions carried out by the key manufacturers in the region are anticipated to positively impact the growth of the industrial sector in Central & South America.
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Our clientele includes a mix of industrial air filtration market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America industrial air filtration market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America industrial air filtration market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America industrial air filtration market size, by country, 2018-2030 (US$M)
Latin America Industrial Air Filtration Market Outlook Share, 2023 & 2030 (US$M)
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