With growing levels of air pollution across South & Central America, the government and regulatory bodies have implemented several clean air regulations, encouraging various sectors to employ air filter units in their systems, which is boosting the industrial air filter market growth. Increased global industrialization in the cement, metal processing, pharmaceutical, and chemical industries is fueling the market growth. Pollutants are managed and monitored because of rising environmental concerns that promote business growth. Over time, high capital investment is a stifling factor for sector competitiveness. Production and installation of industrial air filters into the system are costly, which impedes the industries' expansion. Further, the market growth is hampered by the slower repurchase cycle of air filter systems due to their longer life. Air filter systems are becoming more effective and efficient due to technological advancements. In addition, enhanced production cycles have reduced the price of air filter systems, which is expected to boost the product demand. Business expansion is anticipated to be aided by favorable government regulations to improve the working environment. The increasing environmental concern and growing awareness about the importance of fresh and clean air in the workplace are expected to increase the demand for industrial air filter systems during the forecast period.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South & Central America industrial air filter market at a notable CAGR during the forecast period.
South & Central America Industrial Air Filter Market Segmentation
The South & Central America industrial air filter market is segmented into product, application, and country. Based on products, the market is segmented into dust filters, mist filters, baghouse filters, cartridge collectors and filters, HEPA filters, wet scrubbers, and dry scrubbers. The HEPA filters segment accounted for the largest market share in 2021 Based on application, the market is categorized into cement, food & beverages, metals, power generation, pharmaceuticals, chemicals, oil & gas, and others. In 2021, the power generation segment accounted for the largest market share. Based on country, the South & Central America industrial air filter market is categorized into Brazil, Argentina, and the Rest of South & Central America. In 2021, Brazil held the largest market share.
Honeywell International, Inc.; Mann + Hummel GmbH; Donaldson Company, Inc; Camfil Ab; Paul Corporation; Filtration Group Industrial; Sentry air system; and Air Filters, Inc. are a few key companies operating in the South & Central America industrial air filter market.