Air Treatment Market is expected to reach US$ 11,041.19 Million by 2028

Growing Incidence of Chronic Health Issues due to Air Pollution to Create Growth Opportunities for Air Treatment Market During 2021–2028

According to our latest market study on “Air Treatment Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and Application,” the market was valued at US$ 8,299.93 million in 2021 and is projected to reach US$ 11,041.19 million by 2028; it is expected to grow at a CAGR of 4.2% from 2021 to 2028.

Air pollution is a major cause of morbidity and mortality worldwide. According to the Global Burden of Disease (GBD) study, fine particulate matter (PM_2.5) caused 4.2 million deaths and 103.1 million disability-adjusted life years (DALYs) in 2018, accounting for 7.6% of fatalities and 4.2% of DALYs worldwide. China is the world's fastest-growing and greatest developing country, and it reports one of the highest air pollution-related mortality rates in the world due to the worsening air pollution levels. Furthermore, in 2019, ambient particulate matter pollution was ranked as the fourth-leading cause of the loss of years of life among people in China. As a result, the necessity for air treatment has been a key focus of governments worldwide, contributing to the air treatment market expansion.

There is substantial epidemiological evidence that air pollution is harmful to human health and is linked to respiratory disorders such as chronic obstructive pulmonary disease (COPD). The exacerbation of existing symptoms has resulted in reduced lung functioning, and increased hospitalization and mortality rates, which can be classified into short- and long-term effects. In the long term, the combined effect of several contaminants might lead to catastrophic events. As a result, the demand for air treatment products is increasing continuously.

The air treatment market is segmented on the basis of type, application, and geography. Based on type, the market is segmented into dryers, industrial filters, specialty filters, and condensate management. In 2021, the general industrial segment led the market and accounted for the largest market share. Based on application, the global air treatment market is segmented into the general industry, food & beverages, pharmaceutical, oil & gas, chemical and petrochemical, and mining. In 2021, the pharmaceutical segment led the market and accounted for the largest market share. By region, the air treatment market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, North America accounted for a significant share of the air treatment market.

Impact of COVID-19 Pandemic on Air Treatment Market

The COVID-19 outbreak adversely impacted the world economy during its peak in 2020 and continues to shatter the economies and industries of several countries. Until the outbreak of COVID-19, the air treatment industry was experiencing substantial growth. However, the outbreak led to a notable decline in the production activities of various industries deploying the air treatment solutions. Several containment measures, such as lockdowns, business shutdowns, and trade restrictions led to a negative impact on the production and supply chain of air treatment solutions manufacturers till the second half of 2020 and during the second wave in 2021.

As industrial activities resumed in the last quarter of 2020, the market players are experiencing steady growth in demand from end-users of fixed-base operators. Moreover, the huge requirement of air treatment solutions in essential industries, such as pharmaceuticals, food and beverage, oil and gas, chemicals, and other vital industries has created a stable demand for air treatment products across the globe. Notably, several air treatment solutions manufacturers, such as Ingersoll Rand, witnessed a surge in the total revenue generated in the financial year 2020. Furthermore, the COVID-19 pandemic invoked a rising need for high-quality air filtration systems for industrial, non-industrial, and residential applications, as the clients require better air quality to avoid infections. Therefore, although the global air treatment market plummeted initially due to the adverse impact of the COVID-19 pandemic and the related containment measures; it is expected to recover owing to the increasing requirement of high-quality air treatment systems, such as filters and dryers, across essential industries such as pharmaceuticals and energy.

Beko Technologies; Donaldson Company, Inc; Friulair Srl; Guangzhou Hanyue Purification Technology Co; Hongrijia Depurate Facility Science and Technology Co., Ltd; Ingersoll Rand Inc; KAESAR KOMPRESSOREN; Mikropor; ORION Electronics Ltd; SPX FLOW, Inc.; and Xebec Adsorption Inc, are among the key players operating in the global air treatment market. Several players have also been analyzed to understand the market.

Air Treatment Market - by Region, 2021 and 2028 (%)

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Air Treatment Market Size, Growth Drivers | Global Report 2028

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Air Treatment Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Dryers, Industrial Filters, Specialty Filters, and Condensate Management) and Application (General Industry, Food and Beverage, Pharmaceutical, Oil and Gas, Chemical and Petrochemical, and Mining)