1. Pleated Filters Market Value and Growth Prospects
The global pleated filters market is projected to experience significant growth in the coming years, with a substantial increase in market value. In 2024, the market value is estimated to reach $6,897.06 million USD, with a CAGR of 6% during 2024-2033.
Pleated filters, known for their advanced air filtration capabilities, are made from flexible materials such as polyester, paper, or cotton, offering a larger surface area for particle capture compared to non-pleated filters. They are crucial in applications ranging from residential to industrial settings, providing filtration efficiency based on the MERV rating system, which assesses the ability of an air filter to capture particles of varying sizes. The higher the MERV rating, the more effective the filter is at capturing smaller particles, making pleated filters a preferred choice for environments with high sensitivity to air quality, such as in allergy sufferers or industrial processes requiring clean air.
The market’s growth can be attributed to the increasing demand for clean air solutions, technological advancements in filtration efficiency, and the need for energy-efficient filtration systems. However, the market also faces challenges such as the availability of substitute filter types and the high initial cost of pleated filters compared to traditional filters. Despite these challenges, the market is expected to grow due to the long service life of pleated filters, which can last up to 60-90 days before needing replacement, and their effectiveness in capturing even the smallest bacteria and particles as small as 0.3 microns.
Figure Global Pleated Filters Market Size from 2024 to 2033
2. Pleated Filters Market Driving and Limiting Factors
The growth of the pleated filters market is influenced by several driving factors. One of the primary drivers is the rising air pollution levels worldwide, which have made air quality a significant concern for public health and environmental sustainability. Pleated filters play a crucial role in reducing the concentration of pollutants in the air, including dust particles, pollen, and nonvolatile gases. Additionally, the advantages of pleated filters, such as their increased surface area for particle capture, longer lifespan, and the ability to maintain airflow without affecting HVAC system performance, contribute to their growing popularity.
On the other hand, the market faces certain limitations. The presence of substitute products, such as HEPA filters and electrostatic filters, poses a threat to the market share of pleated filters. These alternatives offer different benefits, such as higher filtration efficiency or cost-effectiveness, which can influence consumer choices. Moreover, economic fluctuations can impact the demand and costs associated with pleated filters, as raw material prices and energy costs can vary significantly. Labor shortages, particularly in the HVAC industry, have led to production delays and increased costs, affecting the supply chain and the overall market growth.
3. Pleated Filters Market Technological Innovations, Mergers, and Acquisitions
The pleated filters market is characterized by continuous technological innovations, with manufacturers focusing on developing materials and processes that enhance filtration efficiency and reduce energy consumption. Advancements in nanofiber-based filter materials have increased the capture rate of nanoscale particles, while antimicrobial coatings have been introduced to inhibit microbial growth within filters. Hybrid filtration systems and advanced pleating technologies have also emerged, offering larger filter areas and more even airflow distribution.
In addition to technological advancements, the market has seen a wave of corporate mergers and acquisitions, which have reshaped the competitive landscape. For instance, AAF International’s acquisition of Flanders Corp has expanded the product offerings and global reach of the combined entity. Similarly, the acquisition of National Air Filter Service Company of New Jersey by AAF International signifies a strategic move to enhance customer value and service continuity. These activities indicate a consolidation trend in the industry, aimed at strengthening market positions and expanding product portfolios.
In conclusion, the global pleated filters market is poised for growth, driven by the need for improved air quality solutions and technological advancements. However, it must navigate the challenges posed by economic fluctuations and market competition. The industry’s future will likely be shaped by continued innovation, strategic business alliances, and the evolving needs of a global market increasingly focused on clean air and sustainability.
4. Product Types of Pleated Filters Market
MERV, otherwise known as Minimum Efficiency Reporting Value, is a system used to evaluate the efficiency of an air filter based on how effective it is at catching particles of varying sizes. Basically, the higher the MERV rating, the higher the air filtration capabilities of a particular filter. MERV ratings range from 1 to 20, with 1 being the lowest level of filtration, and 20 being the highest. Filters that are MERV 16 through 20 are usually only found in hospitals, cleanrooms, and nuclear power plants. The home air filters have a MERV rating anywhere between MERV 5 and 13.
Filters in the 5-8 MERV value range are able to trap particles with 3.0-10.0 microns in size, but they are more efficient in doing so. A MERV 5 filter will trap up to 34%, MERV 6 will stop 35-49%, MERV 7 will prevent up to 69%, and MERV 8 will catch up to 85% of particles. These filters are slightly more restrictive than the MERV 1-4 filters and have the ability to catch mold spores and some pet dander along with dust and pollen.
MERV rating 9-12 range of MERV values can begin trapping particles in the 1.0-3.0 micron range. In this range, pet dander, lung-damaging dust, and auto-emissions trapped. Filters in this range can trap more than 85% of the particles sized 3.0-10.0 microns. A MERV 9 will trap less than 50% of particles sized 1.0-3.0 microns, MERV 10 will stop up to 64%, MERV 11 will get up to 79%, and MERV 12 is capable of catching up to 89%.
MERV 5-12 Filters: These are designed for residential use, capturing larger particles such as dust and mold spores. In 2024, the combined market size for MERV 5 to 12 is substantial, with MERV 8 leading at approximately $660.94 million, reflecting its popularity in providing a balance between cost and efficiency.
Filters with a MERV 13-16 value are the most restrictive and can trap the smallest particles like bacteria, tobacco smoke, and burning wood. These particles are in the .03-1.0 micron group. MERV 13-16 filters are capable of trapping 90% or more of particles in the 1.0-10.0 micron range. MERV 13 will prevent less than 75% of the 0.3-1.0 micron particles from passing through, MERV 14 will get up to 84%, MERV 15 up to 94% and MERV 16 can trap 95% or more of the smallest particles.
MERV 13-16 Filters: These high-efficiency filters are preferred in commercial and industrial settings where air purity is paramount. MERV 13, at around $1362.82 million, stands out for its extensive use in these sectors, offering superior filtration capabilities.
Table Global Pleated Filters Revenue (M USD) by Type in 2024
| 2024 |
MERV 5 | 33.75 |
MERV 6 | 13.09 |
MERV 7 | 96.03 |
MERV 8 | 660.94 |
MERV 9 | 312.75 |
MERV 10 | 317.47 |
MERV 11 | 902.84 |
MERV 12 | 359.17 |
MERV 13 | 1362.82 |
MERV 14 | 649.11 |
MERV 15 | 624.58 |
MERV 16 | 558.56 |
Other | 1005.95 |
Total | 6897.06 |
5. Applications of Pleated Filters: Definitions and Market Sizes in 2024
Pleated filters are utilized across various applications, each with specific requirements for air quality control.
Residential use of pleated filters is primarily for improving indoor air quality by capturing allergens, dust, and other pollutants. In 2024, the residential market size is projected to be $2113.82 million, reflecting the growing health consciousness among homeowners.
Commercial applications include offices, hospitals, and other public spaces where maintaining air quality is essential for occupant comfort and health. The market size for commercial applications in 2024 is estimated at $3940.57 million, highlighting the significant demand for high-efficiency filters in these settings.
Industrial applications demand the highest level of filtration to protect machinery and ensure product quality. The market size for industrial applications is projected to be $842.68 million in 2024.
Table Global Pleated Filters Market Size and Share by Application (2024)
Application | Market Size (M USD) | Market Share (%) |
|---|---|---|
Residential | 2113.82 | 30.65% |
Commercial | 3940.57 | 57.13% |
Industrial | 842.68 | 12.22% |
Total | 6897.06 | 100.00 |
6. Regional Market Sizes of Pleated Filters in 2024
The global pleated filters market is distributed across various regions, each with distinct market characteristics.
North America, with a market size of $1,999.88 million in 2024, leads the global market due to the region’s stringent air quality regulations and the high adoption rate of air filtration systems in both residential and commercial sectors.
Europe follows with a market size of $1,889.06 million, driven by the region’s focus on sustainability and clean air technologies.
Asia Pacific is projected to have a market size of $2,562.70 million in 2024, reflecting the region’s rapid industrialization and urbanization, which are driving the demand for air filtration solutions.
Table Global Top Pleated Filters Regions by Revenue (M USD) in 2024
| 2024 |
North America | 1999.88 |
Europe | 1889.06 |
Asia Pacific | 2562.70 |
Latin America | 233.62 |
Middle East & Africa | 211.80 |
Total | 6897.06 |
Figure Global Pleated Filters Market Size (M USD) by Region in 2024
7. Global Pleated Filters Market: Leading Companies
7.1 Daikin Industries Ltd.
Company Introduction and Business Overview:
Daikin Industries Ltd., established in 1920, is a global leader in manufacturing advanced air filtration solutions. With headquarters in the USA and a market distribution spanning worldwide, Daikin provides comprehensive air filtration solutions for residential, commercial, industrial, cleanroom, transportation, and nuclear power applications.
Products Offered:
Daikin is renowned for its “Ace Cleanest Air Premium air filter” which effectively reduces over 90% of large particles in homes or offices. Their filters are designed to capture a wide range of pollutants, including mold spores, pet dander, and dust, ensuring cleaner air for a healthier living environment.
Sales Revenue in 2024:
In 2023, Daikin Industries Ltd. reported sales of approximately 98.98 million units and generated a revenue of about $583.31 million USD. With a gross margin of 29.20%, the company has solidified its position as a major player in the pleated filters market.
7.2 Filtration Group
Company Introduction and Business Overview:
Founded in 1946, Filtration Group is a prominent name in the air filtration industry, particularly in North America. The company is committed to generating clean air through organic growth and strategic partnerships, serving customers across the commercial, residential, healthcare, gas phase/molecular, cleanroom, and general HVAC industries.
Products Offered:
The Filtration Group offers a range of products, including the NOVAPLEAT® and NOVAPLEAT® HC filters. These filters are known for their durability and high-efficiency in withstanding rough handling conditions, making them suitable for various applications. They are available in both standard and high capacity designs.
Sales Revenue in 2024:
For the year ended 2024, Filtration Group reported sales of about 63.73 million units, translating to a revenue of approximately $406.35 million USD. The company’s gross margin stood at 30.16%, indicating a strong financial performance and market presence.
