Cleveland 4/23/2011 3:51:24 AM
News / Business

Demand for Filters in China to Grow Over 13 Percent Through 2014

Demand for filters in China is projected to grow 13.5 percent annually to 66.2 billion yuan in 2014, supported by rapid growth in motor vehicle and other transportation equipment production and stocks, and government policies that promote energy conservation and emission reductions.  Growth in manufacturing output, building construction spending and urbanization of the population as industrialization efforts continue will also all stimulate demand for various types of filters.  As income levels grow, more people in China will be able to afford home water and air purification equipment.  Moreover, rising demand for higher quality and extended life filters will boost overall market value.  Additionally, growth will be aided by increased demand for newer products such as motor vehicle cabin air filters and by the development of a significant aftermarket for these items.  These and other trends, including market share and product segmentation, are presented in Filters in China, a new study from the Beijing office of The Freedonia Group, Inc., a Cleveland-based industry market research firm.

Internal combustion engine filters account for the majority of Chinese filter demand and will post the strongest gains at 14 percent annually through 2014, driven by robust growth in the production and stock of motor vehicles and other transportation equipment.  Sales of fluid filters will be fueled by growth in nonagricultural water use and expanding urbanization in the nation.  Sales of air filters are projected to rise 13.7 percent per year through 2014.  Demand will be spurred by rising manufacturing output of both durable goods such as HVAC equipment, metal products and building construction materials, and nondurable goods such as chemicals and pharmaceuticals.  Many of these manufactured products are either equipped with air filters or produced in manufacturing facilities with high air purification requirements.

Motor vehicles will remain the largest filter market through 2014, when sales will reach 24.6 billion yuan due to the high volume of air intake, oil and fuel filters sold at the original equipment manufacturer level and as aftermarket products.  Demand for filters in consumer and other markets will be fueled by increasing personal income levels and rising concerns about air and water quality.  Filter demand in the manufacturing sector will benefit from increases in manufacturing activity.  Utility filter market gains will be supported by the implementation of stricter air and water pollution regulations, and the construction of numerous new power plants, water and wastewater treatment facilities, and waste incinerators.

The Freedonia Group is a leading international business research company, founded in 1985, that publishes more than 100 industry research studies annually. This industry analysis provides an unbiased outlook and a reliable assessment of an industry and includes product segmentation and demand forecasts, industry trends, demand history, threats and opportunities, competitive strategies, market share determinations and company profiles. 

Download The Findit App

Google Play
Apple

FINDIT NEWS

Reach our 280 plus publishers.

Over 100,000 Twitter Followers on our 9 accounts

We share your releases to Facebook, Pinterest, Digg, Stumble Upon and Move On

Create your account now!