Global market for porous filter is expected to reach about 238.20 million USD by 2022
The global market for porous filter is expected to reach about 238.20 million USD by 2022 from 190.57 million USD in 2017, registering a Compounded Annual Growth Rate (CAGR) of 4.56% during the analysis period, 2017-2022.
Published Date: 2018/8/10
The porous filter industry has got a steady positive development in the past five years. From 2012-2017 the average growth rate of global sales of porous filter is about 6%. In 2012, the global sales volume of porous filter was about over 2.13 million units, while in 2016, the total global sales volume was estimated at 2.69 million units. As to the market revenue size, the global porous filter sales revenue was about 150 Million US$, and the figure reached 180 Million US$ by the end of 2016.
Global porous filter industry is not very concentrated, as the manufacturing technology is getting mature and mature. Many manufacturers compete in the market; the leading manufactures are Entegris, Mott, GKN and Purolator. The top 4 manufacturers occupied 54% of the total revenue market in 2016.
North America remains the largest market of porous filter with a market sales share of 30.90% in 2016, followed by Asia-Pacific and Europe, with market share of 26.36% and 20.86%
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area; the future will still have more new investment enter the field. We expect that from 2017-2022, the global porous filter market scale will have an average growth of 4.56% and in 2022 the market will reach over 238.2 million US$.
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