Fiberglass Filters Market Size

Fiberglass Filters Market Size

Fiberglass Filters Market size exceeded USD 1 billion in 2019 and is estimated to grow at over 6% CAGR between 2020 and 2026. Rising air pollution globally led to growing product adoption in order to trap and eliminate unwanted particles. Growing demand for clean ventilated areas owing to ongoing COVID-19 outbreak will further foster the industry growth.

Manufacturers in the market are focusing on introducing products for applications ranging from residential to commercial and industrial. Additionally, introduction of strict guidelines for controlling pollution globally has further shifted focus on manufacturing high quality products which also adhere to latest regulations.

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Regulations by U.S. EPA, which states that HVAC & portable air cleaners can be used to remove airborne contaminants and virus will favor the market growth. These products can be used in combination with industrial best practices recommended by Center for Disease Control, which will further escalate the market expansion.

Market participants are likely to be rivalled opposite their counterparts including pleated filters, which are more effective against smaller particles. Rising trends of using new technologies & advanced technologies, which are effective against smaller & micro pollutants is likely to create a strong challenge for product producers.

Rising construction activities across the globe have also surged fiberglass filters market demand due to its utilization in air conditions for eliminating fine particles. HVAC products are utilized in residential & commercial buildings. Emerging trends of green construction which utilizes techniques for reducing pollution & material wastage will also favor the market growth trends.

The COVID-19 pandemic outbreak has led to negative impact across the industry value chain as it has resulted in closing of manufacturing plants and supply blockage. The aftermath has impacted the industry profitability and is anticipated to hamper the product price trends.
 

However, the recent re-opening of manufacturing plants in major countries, with restriction imposed is likely to have a positive impact on the market. With number of COVID-19 cases are anticipated to slowdown, the industry is slated to witness a positive upturn in the next few years.