Feb 12, 2021: North America Automotive Air Filter Market is expected to reach USD 1.6 billion by 2024. An automotive air filters are the constituent mainly used to remove impurities and particulate matter from air by improving the service life of engine components and engines. In an automotive intake system, the air filter is in front of the throttle body and mass airflow sensor. The North America Automotive Air Filter Market is estimated to grow at a significant CAGR of 8.8% over the forecast period as the scope and its applications are rising enormously across the globe.
Growing automotive industry, growth in purchasing power of customers, and advancement in emission control system are documented as major factors of North America Automotive Air Filter Market that are estimated to enhance the growth in the years to come. However, growing number of electric vehicles and maintenance and regular replacement of filters are the factors that may restrain overall market growth in the coming years. North America Automotive Air Filter Industry is segmented based on product type, filter media, material types, application, distribution channels, and region.
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Cabin Air Filter and Regular Engine Air Filter are the product types that could be explored in North America Automotive Air Filter in the forecast period. Regular engine air filters sector accounted for the substantial market share of North America Automotive Air Filter in the forecast period. Intake air filters plays important role in catching unwanted particles and dust from entering the car engines. Engine air filters are an essential share of intake systems as they are accountable for providing particulate-free, filtered air to the engine. However, cabin air filters are accountable for eliminating contaminants like pollen and other allergens from air that enters the passenger section.
Particle, synthetic, activated carbon, cellulose, and other filtering media could be explored in North America Automotive Air Filter in the forecast period. Stainless steel, paper air filter, mesh, cotton gauze air filter, and foam air filter are the material types that could be explored in North America Automotive Air Filter in the forecast period. The market may be categorized based on applications like two wheelers, passenger car, commercial vehicles that could be explored in the forecast period. Commercial sector accounted for the substantial market share of North America Automotive Air Filter and is estimated to lead the overall market in the coming years. This may be because; average of commercial vehicles is high in comparison to passenger vehicles and growing popularity of light commercial vehicles like mini trucks among customers.
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Aftermarket and OEM are the distribution channels that could be explored in North America Automotive Air Filter in the forecast period. The aftermarket sector accounted for the substantial market share of North America Automotive Air Filter and is estimated to lead the overall market in the coming years. In addition, the sector is estimated to grow at highest CAGR of over 9.2% in the coming years.
Globally, the United States and Canada are the major consumers of North America Automotive Air Filter in the region. The United States accounted for the substantial market share of North America Automotive Air Filter and is estimated to lead the overall market in the coming years. Also, the sector is estimated to grow at significant CAGR in the years to come. The reason behind the overall market growth could be strict government policy regarding the emission control and high demand for fuel-efficient vehicles.
Instead, Canada is also estimated to have a positive influence on the future growth. Canada is the second largest region with significant market share. The Canadian market is led by commercial vehicle sector and presence of key manufacturers. The key players of North America Automotive Air Filter Market are Siam Filter Products Ltd., SogefiSpA, ALCO Filters Ltd., MAHLE GmbH, Luman Automotive Systems Pvt. Ltd., A.L. Filter, FiltrakBrandT GmbH, Robert Bosch, and Donaldson Company, Inc. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.
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An automotive air filters are the constituent mainly used to remove impurities and particulate matter from air by improving the service life of engine components and engines.
The North America Automotive Air Filter Market is estimated to grow at a significant CAGR of 8.8% over the forecast period as the scope and its applications are rising enormously across the globe.Growing automotive industry, growth in purchasing power of customers, and advancement in emission control system are documented as major factors of North America Automotive Air Filter Market that are estimated to enhance the growth in the years to come.
However, growing number of electric vehicles and maintenance and regular replacement of filters are the factors that may restrain overall market growth in the coming years.
North America Automotive Air Filter Industry is segmented based on product type, filter media, material types, application, distribution channels, and region.Download Free Sample Report @ https://www.millioninsights.com/industry-reports/north-america-automotive-air-filter-market/request-sampleCabin Air Filter and Regular Engine Air Filter are the product types that could be explored in North America Automotive Air Filter in the forecast period.
Regular engine air filters sector accounted for the substantial market share of North America Automotive Air Filter in the forecast period.
Intake air filters plays important role in catching unwanted particles and dust from entering the car engines.
Plate and Frame Heat Exchanger Market size was estimated at USD 3.35 billion in 2014 and is projected to reach USD 5.99 billion by 2022.
This can be attributed to growing use in applications such as commercial, industrial and engineering sectors in addition to rising product utilization, especially in residential & commercial HVAC, automotive segments.
These factors are expected to reduce total ownership expenses and improve durability & efficiency levels of heat exchangers over the next eight years.
Widespread application in power plants owing to compact size and lower maintenance has resulted in this high market penetration.
Increasing use in floor heating, economizers, refrigerant evaporators, oil coolers, condensers and super-coolers is expected to serve the brazed plate heat exchanger market significantly however, the market can face a few challenges with respect to competition from new market players thereby impacting the growth of plate heat exchanger industry from 2016 to 2024.
On the other hand, welded plate heat exchanger is anticipated to experience high growth owing to its rising use in numerous industries such as petrochemical, automobile, paper manufacturing and pharmaceuticals on account of improved features in performance.
17 February 2020 - The global Plate and Frame Heat Exchanger Market size was estimated at USD 3.35 billion in 2014 and is projected to reach USD 5.99 billion by 2022.
This can be attributed to growing use in applications such as commercial, industrial and engineering sectors in addition to rising product utilization, especially in residential & commercial HVAC, automotive segments.The industry is identified by growing emphasis on enhanced efficiency standards together with technological improvements and new developments.
The market is expected to be driven by new product development through the implementation of various technical innovationsIn 2014, frame heat exchanger and gasketed plate were the leading product segments capturing approximately 50.0% of the market revenue.
Widespread application in power plants owing to compact size and lower maintenance has resulted in this high market penetration.
The market is expected to have a positive impact on account of growing gasketed heat exchanger demand, especially in petrochemical and power generation and automotive sector.Increasing use in floor heating, economizers, refrigerant evaporators, oil coolers, condensers and super-coolers is expected to serve the brazed plate heat exchanger market significantly however, the market can face a few challenges with respect to competition from new market players thereby impacting the growth of plate heat exchanger industry from 2016 to 2024.
Key products in chemical industry include inorganic chemicals, petrochemicals and fertilizers.
Global Peracetic Acid Market is expected to grow considerably in the years to come owing to the increase in demand from food and beverage industry majorly.
It reacts with several metals and other contact bases like aluminum, tin-plated iron, and stainless steel but galvanized iron, plain steel, copper, bronze, and brass, are prone to corrosion and reaction.Growing applications of peracetic acid in several industries like food and beverage are the major drivers of peracetic acid market.
This introduced numerous other application of peracetic acid as microbial disinfectants and food preservatives in the recent years.Get Exclusive Free Sample Copy Of This Report @ https://www.millioninsights.com/industry-reports/peracetic-acid-market/request-sampleThe acid is extensively used in food industry as preservative for poultry, fisheries and meat items.
However, the conventional applications of the acid in healthcare, personal care, and industrial cleaning disinfectants is growing, which ultimately drives peracetic acid market.Developments in manufacturing technology, innovative techniques for using peracetic acid in wide applications and growing acceptance of bio-based chemicals is expected to introduce new opportunities in peracetic market in the years to come.
Altogether, peracetic acid is restricting its approval in household applications, which hampers the growth of peracetic market.Developments and advancements in chemical products has resulted the horticulture industries to turn more cautious for checking microbial safety, which has promoted the application of peracetic acid in agriculture.
With the use of concentrated peracetic acid, the overall price can be brought down for application in pulp and paper segment.
