CAGR: 5.4%Current Market Size: USD 22.24 BillionFastest Growing Region: APAC
Largest Market: North AmericaProjection Time: 2023-2030Base Year: 2022
The Global Automotive Filter Paper market is expected to grow from USD 22.24 billion in 2022 to USD 34.11 billion by 2030, at a CAGR of 5.4% during the Projection period 2023-2030. The growth of this market is mainly driven owing to the rising cases of road accidents and to reduce the chances of human errors.
Auto filters stop dangerous pollutants, impurities, and toxins from getting inside the car. Pollen, dust, and unpleasant-smelling gases that enter the car through the heating, ventilation, and air conditioning (HVAC) system are also captured by these filters. By preventing the windscreen from rapidly condensing, this maintains a healthy and hygienic environment and helps drivers avoid vision problems. Automotive filters are also becoming more popular globally to lessen the impact of the car on the environment as they improve engine performance and consume less gasoline. Governments in numerous nations are developing strict requirements addressing greenhouse gas (GHG) emissions and the fuel economy of vehicles in response to increased environmental concerns and rising auto sales. As a result, the use of various types of filters in cars to lower carbon emissions is increasing. Additionally, the need for automobile filters to remove air pollutants and provide cleaner air is increasing due to the rising levels of air pollution in metropolitan areas and the rising prevalence of respiratory illnesses among people. Leading players are also spending money on research and development (R&D) projects to extend the useful life of these filters.
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Market Dynamics:
Drivers:
Market growth for automotive filter papers is restricted by the growth in electric vehicle adoption and production. Because there is no need for filter paper in electric vehicles as they don’t emit any kind of polluted air which can be harmful to the environment as a result of this the automotive filter paper market will face challenges in the upcoming years with the rise in the adoption of electronic vehicles. Moreover, the unawareness of consumers about the usage of filter papers and regular replacement of filter papers when they are not functional anymore will also hinder the growth of the market.
Restraints:
In order to protect the environment, the government has imposed stringent emission laws on vehicles that emit hazardous gases such as nitrogen oxide, carbon monoxide, hydrocarbons, and others. The purpose of automotive filter paper is to prevent dirt particles from entering the carburettor and engine, reducing the number of air pollutants emitted by vehicles, reducing maintenance costs, and extending the vehicle's service life. The rules and regulations imposed by governments of various countries will account for a major share of the growth of the market during the Projection period.
Opportunities:
Original equipment manufacturers are seeing a high demand for automotive filter paper due to the growing automobile industry, which is increasing fine particle pollution. Automobile sales and production are expected to increase rapidly, fueling growth in the automotive filter paper market. Traditional engine vehicles require fuel filters to maintain engine efficiency and reduce pollution. Fuel filters filter the fuel and contribute considerably to engine efficiency. The rising demand for fuel filters propels market growth.
Challenges:
Market analysis shows rapid growth in the automotive filter paper market, however, non-replaceable filter installations hamper market expansion. There are some advantages to non-replaceable filters, including being washable and able to last for a longer time, which challenges the market. Non-replaceable filters would impact the filter aftermarket in the future, since various filters, like air and cabin filters, are not required to be changed during the vehicle's lifetime. Therefore, the market’s growth is affected due to the presence of non-replaceable filters.
Segmentation Analysis:
The global automotive filter paper market has been segmented based on application, material, vehicle type, and region.
By Application
The application segment includes fuel filter paper, air filter paper and oil filter paper. The air filter segment led the largest share of the automotive filter paper market with a market share of around 40% in 2022. In air filter paper, fine pores allow air to pass through, separating small particles from each other. In an engine, the air that enters for combustion is cleaned through an air filter, which prevents insects, particles, dust, sand etc. from reaching the engine and ensures fuel and air are mixed properly.
By Material
The material segment includes synthetic fiber, cellulose fiber and others. The cellulose fiber segment led the largest share of the automotive filter paper market with a market share of around 45% in 2022. Disposable oil filters are usually made of cellulose filter material, which can hold particles as small as 8 to 10 microns and can remove up to 40% of the motor oil at every 3,000 miles. In motor oils, cellulose is a highly effective filtering material due to its excellent strength and random fiber size. Cellulose is an economical and highly effective way to remove contaminants.
By Vehicle Type
The vehicle type segment includes HCV, LCV, and passenger cars. The passenger cars segment led the largest share of the automotive filter paper market with a market share of around 41.4% in 2022. Due to metropolitan cities and suburban areas' hub-spoke architecture, passenger vehicles are expected to drive filter demand throughout the Projection period at a significant rate. Due to the necessity to maintain commercial vehicles in working order, a high replacement rate is expected to be a major driving force for the growth of the automotive filter paper market. Moreover, the rising production of passenger cars will also contribute a major share in the growth of the market.
Global Automotive Filter Paper Market- Sales Analysis.
The sale of automotive filter paper expanded at a CAGR of 4% from 2016 to 2022.
Due to rising disposable income and improving economic conditions, the global market for automobile filter paper has experienced rapid expansion in recent years and is predicted to continue doing so. The market for automotive filter paper is anticipated to expand with the automotive sector. The demand for automotive filter paper in the independent aftermarket segment is also anticipated to increase as a result of the tremendous rise the automotive industry has experienced over the past few years.
Global concerns about greenhouse gas emissions have grown as a result of rising vehicle manufacturing and automotive ownership. Innovative nano-porous automotive filter sheets are being developed by manufacturers to enhance vehicle performance and lower emissions. Global demand for high-performance cars is being driven by factors such as rising purchasing power, population expansion, infrastructure development, and discriminating consumer tastes and preferences, which is anticipated to boost demand for automotive filter paper throughout the Projection period.
Thus, owing to the aforementioned factors, the global automotive filter paper market is expected to grow at a CAGR of 5.4% during the Projection period from 2023 to 2030.
By Regional Analysis:
The regions analyzed for the automotive filter paper market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region dominated the automotive filter paper market and held a 38.6% share of the market revenue in 2022.
Global Automotive Filter Paper Market- Country Analysis:
Germany's automotive filter paper market size was valued at USD 1.68 billion in 2022 and is expected to reach USD 2.57 billion by 2030, at a CAGR of 5.5% from 2023 to 2030.
Since environmental concerns and stringent emission standards are affecting the passenger automobile segment in the country, the demand for fuel engines and fuel filters will likely increase. Automobile filter paper is expected to grow as individuals become more conscious of the quality of the air in their cars.
China’s automotive filter paper market size was valued at USD 1.79 billion in 2022 and is expected to reach USD 2.7 billion by 2030, at a CAGR of 5.7% from 2023 to 2030.
A manufacturing hub for automobile manufacturers, China is expected to dominate the automotive filter paper market. Also, reduced raw material & labour costs, which in turn will lower production costs and increase profit margins, will boost the market's growth.
India's automotive filter paper market size was valued at USD 1.38 billion in 2022 and is expected to reach USD 2.13 billion by 2030, at a CAGR of 5.6% from 2023 to 2030.
Several factors spur the growth of the market in the country, including the thriving automotive industry, the advent of electric vehicles, the rise in disposable income levels, and improved living conditions among the masses.
Key Industry Players Analysis:
To increase their market position in the global automotive filter paper business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2022-2030 |
Base year |
2022 |
CAGR (%) |
5.4% |
Market Size |
22.24 billion in 2022 |
Projection period |
2023-2030 |
Projection unit |
Value (USD) |
Segments covered |
By Application, By Material, By Vehicle Type, and By Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
K&N Engineering, ALCO Filters Ltd., Xinji Huraui Filter Paper Co., Ltd, Eastar Filter Industry Co., Limited, Nevsky Filter, North American Filter Corporation, Donaldson Company Inc., MAHLE GmbH, Denso Corporation |
By Application |
|
By Material |
|
By Vehicle Type |
|
Regional scope |
|
Scope of the Report
Global Automotive Filter Paper Market By Application:
Global Automotive Filter Paper Market By Material:
Global Automotive Filter Paper Market By Vehicle Type:
Global Automotive Filter Paper Market By Region:
Global Automotive Filter Paper market is expected to reach USD 34.11 billion by 2030, at a CAGR of 5.4% from 2023 to 2030.
North American region will witness more automotive filter paper market growth.
Strict rules and regulations imposed by the government on automobile emissions and the growing automobile industry will propel the market's growth.
K&N Engineering, ALCO Filters Ltd., Xinji Huraui Filter Paper Co., Ltd, Eastar Filter Industry Co., Limited, Nevsky Filter, North American Filter Corporation, Donaldson Company Inc., MAHLE GmbH, Denso Corporation among others.
Political Factors- Government and political institutions and authorities must keep an eye on industrial rivalry. This will guarantee that businesses are employing ethical business practises and strategies for their items. The government can monitor, limit, and regulate imports with the use of competition regulation, which will support the development and growth of regional firms. The preservation of the rights and interests of the relevant stakeholders as well as the protection of all groups and stakeholders depend on competition regulation.
Environmental Factors- Consumer buying patterns are crucial to the success of businesses like automotive filter paper market. As more people buy and use the products sold by automotive filter paper market, higher consumer spending trends are preferred. The increased consumer spending also reflects greater purchasing power, which is crucial for boosting overall consumption patterns and the economy's overall health. Product quality and marketing tactics can help to influence these higher consumer tendencies. Other economic variables like the inflation rate, interest rate, and unemployment trends also have an impact on these trends.
Social Factors- The size and composition of the family affects both the frequency and kind of purchases. This is crucial for comprehending consumption trends. automotive filter paper market faces many nuclear families with two older children and maybe a smaller child as the target group in the current market. Parents are the main decision-makers, albeit they do take their children's wishes and opinions into account. Marketing, evaluations and recommendations made by store managers, as well as advice from friends and family, have an impact on these parents as retained decision-makers. Smith Nephew plc uses push and pull tactics as a result for its appeal.
Technological Factors- Consumer buying patterns are crucial to the success of businesses like automotive filter paper market. As more people buy and use the products sold by automotive filter paper market, higher consumer spending trends are preferred. The increased consumer spending also reflects greater purchasing power, which is crucial for boosting overall consumption patterns and the economy's overall health. Product quality and marketing tactics can help to influence these higher consumer tendencies. Other economic variables like the inflation rate, interest rate, and unemployment trends also have an impact on these trends.
Environmental Factors- An increase in the green lifestyle has also resulted from an improved knowledge of environmental sustainability. Consumers in the nation and in all markets are gravitating toward goods and services that are "green," or created and promoted in ways that are sustainable and kind to the environment. To appeal to consumers, businesses are also jumping on the green product bandwagon and releasing them.automotive filter paper market often participates in CSR initiatives that protect the environment. A green product line, which is a modification of its current product line, has also been introduced by automotive filter paper market. To boost its contribution to environmental sustainability, the company intends to steadily expand the weight of its green product range.
Legal Factors- Businesses are required by national regulations to create valid employment contracts. These contracts, which cover every aspect of work, are approved by the respected governmental bodies. Employment contracts provide a positive relationship between all parties and prevent miscommunication or collusion. automotive filter paper market complies with employment laws and informs prospective employees of these rules. automotive filter paper market division also regularly hosts workshops and training events for staff members to engage them and educate them on employment regulations and other legal requirements.
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