Polyurethane in Automotive Filter Market with Demand, Share, Latest Trends and Forecast till 2026

Posted on 2018-04-23 by Mark Hub in Automotive, Industrial // 0 Comments

Rockville, US, 2018-Apr-23 — /EPR Network/ — Fact.MR has been actively involved in offering comprehensive research data concerning various topics which are associated to industrial reference and investor utility. “Polyurethane in Automotive Filter Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026” Readers can access knowledge related to market volume, regional expanse as well as competitive landscape prevailing in the global polyurethane in automotive filter market. In order to study development patterns, this smart assessment also focuses on market dynamics, which talks about drivers, restraints and opportunities estimated to influence the concerned market during the forecast period.

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The global automotive industry has been disrupted by the next-gen technologies. To remain relevant in the long run, automotive component manufacturers and OEMs need to change their perspective. Today, a wide range of raw material is used in the automotive industry, which is resulting in creation of new capabilities. The focus is shifting towards developing products that are future-ready. Factors as such are likely to influence the global market for automotive filters during the projected future.

There are different material combinations used for making filters. For several decades, polyurethane has been a prominent filtration material in automotive filters. Over the years, the role of polyurethanes (PU) has grown significantly in a spectrum of vehicles and transportation application. The innate properties (comfort, safety, flexibility, weight saving, longevity etc.) of polyurethane makes it an ideal material for manufacturing various automotive components. By opting for PU, carmakers significantly enhance the quality, safety and cost-effectiveness of cars. However, arrival of new material combination along dynamic changes in the automotive technology may have a ripple effect on PU’s auto application in the coming years.

According to a recent Fact.MR’s report, a volume CAGR of 4.1% will be recorded by the global polyurethane in automotive filter market during the forecast period, 2017-2026. Revenues from global sales of polyurethane for fabrication of automotive filters are estimated to reach approximately US$ 950 Mn by 2026-end.

APEJ to Remain Fast-Expanding Market for Polyurethane in Automotive Filter

Asia-Pacific excluding Japan (APEJ) is poised to remain the fast-expanding market for polyurethane in automotive filter, both in terms of value and volume. APEJ countries namely India, China and South Korea are among the top ten largest automobile producers in the world, according to the data provided by Organization International des Constructers automobiles (OICA).

OEMs are primarily focused on establishing and expanding their foothold in APEJ, wherein ample resource availability, favorable industrial regulations, and low-wage workforce continues to support their manufacturing pursuits.

Passengers Cars to Remain Largest Revenue Contributor to Polyurethane in Automotive Filter Market

Excessive adoption of compressors in passenger cars will remain a major factor propelling demand for polyurethane for production of filters in this vehicle type segment. Passenger cars need additional air filters for cleaning polluted air entering into the cabin through HVAC systems, and manufacturers are adopting polyurethane for fabricating these filters. Revenues from sales of polyurethane for fabrication of filters used in passenger cars are estimated to remain the largest in the market.

Engine filters are expected to prevail as the most remunerative filter type in the market, mainly driven by growing requirement for repair, replacement and maintenance activities. This is mainly because engine filters require periodical servicing needs as compared to cabin air filters.

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Competition Tracking

Growing vehicle parc across the world is expected to create broader automotive filter aftermarket opportunities in the near future. Automotive enthusiast are replacing their OEM filters with aftermarket performance filters that deliver greater performance. This trend is likely to grow further during the assessment period.

Stricter engine evaporative emission and exhaust particulate laws enacted by regulatory bodies have prompted the automobile manufacturers to conduct extensive research in to vehicle fluid and air induction systems. Fact.MR’s report has profiled key players that support the market growth, which include Donaldson Company, Inc., MAHLE GmbH, Robert Bosch GmbH, Denso Corporation, Valeo SA, UFI FILTERS spa, Freudenberg Filtration Technologies SE & Co. KG, K&N Engineering, Inc., ALCO Filters Ltd, Hengst SE & Co. KG, and Mann+Hummel GmbH.

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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Industrial Goods Market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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