The air treatment market is expected to be worth USD 17.39 billion by 2018 and USD 25.56 billion by 2023, growing at a CAGR of 8.00% during the forecast period. Factors driving the growth of the air treatment market include increasing industrialization and urbanization, stringent regulations governing emissions and treatment of industrial effluents, and the need for achieving high efficiency with mechanical equipment and factory processes.
Freudenberg (Germany), Ahlstrom Munksjö (Finland), Parker Hannifin Corp. (US), and Donaldson Company, Inc. (US) dominated the air treatment market in 2017. Product launches and merger & acquisition were the key strategies adopted by these top players to capture a major share of the air treatment market.
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Top 2 players in the air treatment market:
Freudenberg is one of the leading providers of industrial air filtration systems and solutions. This Weinheim, Germany, based firm has 4 business segments: seals and vibration control technology, non-wovens and filtration, specialties and others, and household products. Its non-wovens and filtration business segment offers industrial filtration products through its business group Freudenberg Filtration Technologies. Freudenberg Filtration Technologies offers air filtration solutions for contamination control, emission control, turbomachines, and surface treatment. It has a presence in more than 30 locations around the world. In February 2017 Freudenberg expanded its existing manufacturing facility in Hopkinsville, Kentucky, to produce cabin air filter systems. The revamped facility will help the company cater to growing demand from the US automotive industry.
Ahlstrom-Munksjö manufactures fiber-based products and solutions for industrial and indoor air filtration. It offers a wide range of products encompassing decor paper, filter media, release liners, abrasive backings, non-wovens, electrotechnical paper, glass fiber materials, food packaging and labeling, tape, medical fiber materials, and solutions for diagnostics. The filtration and performance business segment produces filtration materials for engine oil, fuel, and air filtration. It also produces glass fiber for flooring products and wind turbine blades and makes non-woven materials for automotive, construction, textile, and hygiene applications. Major end-use industries of the segment include automotive, construction, non-food consumer goods, energy, general industry, and health care & life sciences. In November 2017 Ahlstrom launched Trinitex Advance W3000, a filtration media for pulse jet gas turbine applications.
Air Treatment Market by Technology (HEPA Filters, Activated Carbon), Product (Dust Collector, Engine exhaust systems), Application (Exhaust air and Compressed air), Vertical (Manufacturing, Automotive), and Geography - Global Forecast to 2023
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