Air Treatment Market Drivers, Restraints, Merger, Acquisition and Business Opportunities by 2028

Global air treatment market size is expected to reach USD 39.06 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rising demand for air treatment processes across various industrial verticals such as automotive, manufacturing, power generation, oil gas, and pulp paper. These industries are increasingly investing in air treatment products to efficiently treat air contaminants at emission sources in order to meet increasingly stringent air quality standards. Activated carbon materials are increasingly being utilized for industrial air treatment applications in order to capture toxic air pollutants, which primarily include Volatile Organic Compounds (VOCs), from landfill sites, petrochemical plants, and chemical processing and manufacturing facilities. Safety Standards implemented by the Occupational Safety and Health Administration (OSHA) in the automotive industry is a key factor boosting demand for air treatment products.

Air filtration in the automotive industry is mainly performed to prevent potential health risks that can arise due to presence of toxic chemicals, particulates, fumes, fiberglass, metal dust, chemical byproducts, and gasses. Manufacturers of air treatment products are increasingly investing in production of technologically advanced air treatment products in order to improve indoor air quality. Emergence of air purifiers that can automatically clean the air in a whole room with high efficiency, capturing 99.95% of harmful pollutants as small as 0.1 microns and can sense and display particulate matter such as PM2.5, PM10, VOCs, and NO₂ in real-time, is expected to drive demand for air treatment products going ahead.

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The report considers COVID-19 as a key contributor of the dynamically altered market scenario. The report covers a comprehensive impact analysis of the global health crisis on the overall growth of the market. Furthermore, the report covers the current and future impact of the COVID-19 crisis on the market and its key segments.

Competitive Landscape:

Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.

Regional Analysis:

The report sheds light on the region expected to dominate the Air Treatment market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Air Treatment market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.

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Some Key Highlights from the Report

In December 2020, Honeywell announced the launch of a new airborne particle analyzer that utilizes Artificial Intelligence and cloud computing. The new airborne particle analyzer helps environmental testing professionals and HVAC service providers to better inform building and homeowners of the type and quantity of particles present in the air.
Compressed air segment accounted for largest revenue share in 2020. Rising demand for dry and clean compressed air in order to extend lifespan of air compressor systems is driving increasing utilization of air treatment equipment, products, and solutions.
Dust collectors segment revenue is expected to expand at a rapid CAGR during the forecast period. Automotive, manufacturing, power generation, oil gas, and pulp paper industries are increasingly utilizing dust collectors to capture substantial amounts of airborne dust particles and minimize cost and maximize system effectiveness.

Key players in the market include Honeywell, Freudenberg Group, Donaldson Company, Inc., Parker-Hannifin Corporation, Mann+Hummel, Camfil, Ahlstrom-Munksjö Oyj, 3M, Atlas Copco, and Cummins.

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Emergen Research has segmented the global air treatment market on the basis of application, product, technology, end-use, and region: