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Industrial Applications to Promote Strong Growth, Electronics and Pharmaceutical Sectors to Boost Demand for High-efficiency Air Filters
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China is one of the fastest growing markets for Heating, Ventilation, and Air Conditioning (HVAC) air filters in the world. Driven mainly by the growth in industrial applications and regulations for air quality, the market will stay buoyant throughout the forecast period, although growth will decelerate slightly around 2020. The growth is mainly from South and East China, where industrial demand is the highest, but these are also the regions with the highest intensity of competition. Supply is dominated significantly by local manufacturers but international firms are succeeding by targeting niche applications and sectors where regulation is the main driver.
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