Adsorbent Market was valued at US$ 4.33 Bn. in 2023 and expected to reach US$ 6.64 Bn. by 2030, at a CAGR of 6.28% during the forecast period.

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Filters Industry to Witness Promising Growth in the Chemical Sector

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The economic value generated by the filters industry was estimated at approximately USD 40.19 billion in 2022. This economic output is an amalgamation of businesses that are involved in the manufacturing of filters, distribution & supply, and application of filters.

Stringent regulations regarding safe environmental conditions and pollution control measures are expected to promote the use of filters in industrial processing facilities and manufacturing industries. Moreover, the rise in vehicle emissions from ICE-based vehicles is likely to support the demand for filters in the automobile industry.

Asia Pacific dominated the filters market in 2022 with a revenue share of over 44.1%. Robust manufacturing bases in the region, specifically in China and India have provided accelerating growth to the regional industrial output with major manufacturing operations including production of automobiles, machinery, electrical & electronics, consumer goods, food & beverage production, and meat processing. In addition, workplace safety regulations and environment protection policies by local authorities have mandated the facility operators to use advanced filtration techniques to reduce pollution levels, thus are likely to increase the demand for filters.

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