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Filters Market Is Expected to Reach Usd 77.10 Billion Globally in 2018: Transparency Market Research

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  • July 9, 2013
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Transparency Market Research

Browse the full report at : http://www.transparencymarketresearch.com/filters-market.html

Filters Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018 Single User License: US $ 4595 Multi User License: US $ 7595 Corporate User License: US $ 10595

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Published Date: July 2013

79 Pages Report

REPORT DESCRIPTION Filters Market is Expected to Reach USD 77.10 Billion Globally in 2018: Transparency Market Research Market Research Reports : According to a new report published by Transparency Market Research "Filters (Fluid, ICE and Air Filters) Market for Automotive, Consumer, Utility and Industrial Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018," the global market for filters was valued at USD 48.10 billion in 2011 and is expected to reach USD 77.10 billion in 2018, growing at a CAGR of 6.7 % from 2012 to 2018. Surge in consumer goods demand, especially in China, India and other Southeast Asian countries is expected to boost the filter demand in the region. In addition, introduction and implementation of various environmental regulations and protocols such as the Kyoto Protocol, EURO 5 and EURO 6 norms to curb the emission levels from manufacturing, automobiles and other industries are expected to drive the global filters market over the next six years. However, volatility in raw material prices is expected to hamper the growth of the market over the forecast period. ICE filters were the largest product segment in 2011, accounting for over 40% of the global market share. These are used in equipment to improve their efficiency. Initiatives taken by various national governments' to provide clean drinking water is expected to boost the

Browse the full report at : Filters Market demand for fluid filters and this segment is estimated to grow at a CAGR of over 7% from 2012 to 2018. Motor vehicles accounted for the highest...