Asia Pacific Filters Market Size, Share & Trends Analysis Report By Product (ICE, Air, Fluid Filters), By Application (Motor Vehicles, Consumer Goods, Industrial & Manufacturing, Utilities), By Region And Segment Forecasts, 2024 - 2030

Asia Pacific Filters Market Size & Trends

The Asia Pacific filters market was valued at USD 35.1 billion in 2023 and is projected to grow at a CAGR of 6.4% from 2024 to 2030. This growth can be attributed to the region's industrialization advancements. With the region's flourishing manufacturing sector, the demand for filters across various industries is also expected to increase. These filters are essential for maintaining air quality, water purity, and efficient machinery operation.

With a large population base, Asia Pacific faces significant environmental challenges. Stringent regulations enforced by authorities to protect the environment are anticipated to drive the adoption of filters. These regulations mandate cleaner air and water and reduced emissions, further fuel market growth.

The automotive sector in economies like India, China, and Japan witnesses a sharp uptick in foreign direct investment (FDI). For instance, India attracted USD 4.9 billion of FDI in the automobile industry during the fiscal year 2022. Collaborations between local and global brands to enhance manufacturing capabilities, leading to an increased demand for automotive air filters. Overall, the Asia Pacific filter market is positioned for sustained expansion in the coming years.

The Asia Pacific region has seen a surge in environmental and health regulations to reduce pollution and protect public health. These regulations often require the utilization of advanced filtration technologies to curb emissions from industrial processes and vehicles. For instance, the increasing adoption of air purifiers to control airborne pollutants is driven by stringent air quality standards set by governments across the region. This has led to significant growth in the market for filters that can meet these regulatory standards.

Trade regulations, including import-export analysis and value chain optimization, are pivotal in determining the competitiveness of the Asia Pacific Filters Market. Changes in these regulations can impact the market share and create opportunities as well as challenges for local and international players.

Some specific regulations impacting the Asia Pacific Filters Market include the EU Deforestation Regulation, which affects trade and sustainability practices, and the growing number of regional sustainability regulations that influence organizations’ strategies and technology purchases. Additionally, the market is affected by compliance challenges due to the lack of regulatory coherence across jurisdictions, which can increase operational costs.

Market Concentration & Characteristics

Innovation is a critical driver in the Asia Pacific filters industry, with companies investing heavily in research & development to design new and improved filter technologies. There is a focus on creating filters that offer higher efficiency, longer life, and better performance in various environmental conditions. The market is witnessing a shift towards eco-friendly and energy-efficient products, which is expected to be a key trend in the coming years.

Regulatory frameworks across the Asia Pacific region are pivotal in shaping the filter industry. Regulations related to environmental protection, emission standards, and waste management are influencing the development and adoption of advanced filter technologies. Companies are required to comply with these regulations, which can impact their operational costs and product designs.

The threat of substitutes in the Asia Pacific filters market is relatively low, as filters are essential components in various applications, and alternatives are not always available or effective. However, Deep Eutectic Solvent-based Supported Liquid Membranes (DES-SLMs) are showing promise with their efficient operation and cost-effectiveness. In addition to these, advanced air and water purification systems employing UV light, activated carbon, and reverse osmosis are becoming increasingly prevalent. These methods provide robust alternatives to conventional filtration by effectively removing contaminants and pathogens. As these innovative technologies continue to develop and gain traction, they could pose a challenge to the traditional filters market in the future.

Application Insights

Motor vehicle filters represent the largest product segment in the Asia Pacific filters market, accounting for more than 45% of the market share in 2023.  This segment’s dominance is primarily due to the substantial growth in automotive industry in the region, which is fueled by the increasing vehicle production and sales in populous economies like China and India. The demand for motor vehicle filters is driven by the need for regular maintenance and replacement of filters to ensure vehicle efficiency and comply with stringent emission regulations. The market is also influenced by technological advancements that improve filter performance and durability, catering to the evolving requirements of modern vehicles.

The consumer applications segment of the Asia Pacific filters market is witnessing the fastest growth, with a projected CAGR of 7.6% from 2024 to 2030. This growth can be attributed to the rising awareness of health and environmental concerns, leading to increased demand for air and water purification systems in residential and commercial settings. The proliferation of consumer appliances that require filters, such as vacuum cleaners, air purifiers, and water filtration units, is also contributing to the segment’s expansion. Additionally, the growing middle-class population with higher disposable incomes is investing more in health and wellness products, further propelling the demand for filters in consumer applications.

Type Insights

Internal Combustion Engine (ICE) filters constitute the largest segment in the Asia Pacific filters market, holding almost 40% of the market share in 2023. This segment’s dominance is attributed to the extensive use of ICE filters in the automotive industry, where they are essential for vehicle performance and longevity. The demand for ICE filters is closely tied to the production and sales of vehicles, which have been robust in the Asia Pacific region. The market for ICE filters is also influenced by the stringent emission regulations in the region, which require regular replacement of filters to maintain compliance and ensure optimal engine performance.

The air filters segment is experiencing the fastest growth within the Asia Pacific filters market, with a projected CAGR of 7.8% from 2024 to 2030. The growth of this segment is propelled by increasing concerns over air quality and the rising awareness of health implications associated with air pollution. This has led to a surge in demand for air filters in both residential and commercial settings. Additionally, advancements in filter technology, such as the development of High-Efficiency Particulate Air (HEPA) filters and other high-efficiency products, are expected to further drive the market. The automotive sector also contributes to this growth, as air filters are critical for ensuring clean air intake for engines and cabin air filtration for passenger comfort.

Country Insights

The Asia Pacific filters market is a significant segment of the global filtration market, with countries including China and India standing out due to higher consumption of filters resulting in elevated growth rates.

China Filters Market Trends

China holds the largest market share in the Asia Pacific filters market, accounting for more than 44% of the revenue share in 2023. The country’s vast automotive industry, which is one of the largest in the world, drives the demand for motor vehicle filters. As urbanization and industrialization continue to expand in China, the need for high-quality filters in consumer applications is also likely to increase. This includes air purifiers, water filtration systems, and HVAC systems in residential and commercial buildings. The Chinese government’s focus on environmental sustainability and air quality standards has further bolstered the market for advanced filtration solutions.

India Filters Market Trends  

India is experiencing the fastest growth in the Asia Pacific filters market, with a projected CAGR of 7.8% from 2024 to 2030. This rapid growth is fueled by the country’s burgeoning automotive sector and the increasing awareness of health and environmental issues among its population. The rise in disposable incomes and the expansion of urban centres have led to a surge in demand for consumer application filters, particularly in air and water purification. India’s commitment to improving air quality and reducing pollution levels has also played a crucial role in accelerating the adoption of advanced filter technologies.

In addition to China and India, other countries in the Asia Pacific region, such as Japan, Australia, Malaysia, and Thailand, are also expected to experience steady growth in the filter market.

Key Asia Pacific Filters Company Insights

The Asia Pacific filters market exhibits a moderate to moderate level of market concentration, with key players dominating the landscape. This is driven by the presence of established companies that have a strong foothold due to their brand reputation, extensive product portfolios, and widespread distribution networks. Some key players operating in this market include Qualcomm Technologies, Mann+Hummel, and Molex:

• Mann+Hummel is expanding its air filtration business in Asia with a focus on cleaner air solutions. Their acquisition of U-Air and the establishment of their Asia Pacific headquarters in Singapore highlight their commitment to meeting the growing demand for air filtration products in the region.

• Molex is a prominent contributor to the Asia Pacific water filters market, which is experiencing robust growth. The market is projected to expand significantly, driven by increasing demand for clean water and advanced filtration solutions. Molex’s expertise in providing high-quality filter components positions them well to capitalize on the market’s upward trajectory.

 Recent Developments

• In August 2023, MANN+HUMMEL formalized a strategic partnership with Filter Ok Play India to introduce the ‘PureAir Mobile Fine Dust Particle Filter Roof Box.’ This product is aimed at addressing air pollution. The launch is anticipated to significantly bolster MANN+HUMMEL’s footprint in the burgeoning Indian marketplace.

• In February 2024, Cummins Inc. converted Atmus Filtration Technologies Inc.,its filtration division, into a standalone entity. This move will enable both companies to pursue their respective growth strategies with greater financial autonomy. Following this demerger, Atmus Filtration Technologies Inc. has been valued at USD 1.8 billion in its initial public offering.

• In October 2023, MANN+HUMMEL Group acquired a majority stake in Suzhou U-Air Environmental Technology (“U-Air”). The acquisition strengthens Mann+Hummel’s presence in China and Southeast Asia and will also allow it to serve customers globally. The acquisition will strengthen Mann+Hummel’s presence in China and Southeast Asia.

Asia Pacific Filters Market Report Scope

Asia Pacific Filters Market Report Segmentation

This report forecasts revenue and volume growth and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the Asia Pacific filters market report based on type, application, and region:

• Filters Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Fluid Filters

  • ICE Filters

  • Air Filters

• Filters Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Motor Vehicle

  • Consumers Applications

  • Utilities

  • Industrial & Manufacturing

  • Others

• Filters Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • China

  • India

  • Japan

  • Australia

  • Thailand

  • Malaysia