The global market for fiberglass mesh filters has grown exponentially over the years. The use of these filters has played a vital role in a variety of industries like construction, chemical, automotive, petrochemical, and food processing. The dynamic foreign trade market has given ample opportunities to manufacturers and distributors to expand their business and reach out to customers across borders. This article aims to analyze the foreign trade market for fiberglass mesh filters and the usage of these filters by foreign customers.
Overview of the Fiberglass Mesh Filter Market
The fiberglass mesh filter market is expected to grow at a CAGR of 6.5% from 2020 to 2027. The market size for these filters was estimated to be USD 1.52 billion in 2019 and is expected to reach USD 2.37 billion by 2027. The increasing need for air filtration in countries with high pollution levels is driving the demand for fiberglass mesh filters. The rising demand for energy-efficient HVAC systems is also expected to boost the market in the years to come.
The fiberglass mesh filter market is segmented based on application, end-use industry, and region. The application segment includes HVAC, industrial, and transportation. The end-use industries are sub-segmented into commercial, industrial, and residential. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Foreign Trade Market for Fiberglass Mesh Filters
The foreign trade market for fiberglass mesh filters has been growing substantially over the years. The increase in cross-border trade of goods and services has paved the way for manufacturers and distributors to expand their business overseas. According to the World Trade Organization (WTO), the value of world merchandise trade is expected to grow by 4% in 2021. The growing demand for fiberglass mesh filters in developing economies and the increasing adoption of these filters in different sectors have driven the growth of the foreign trade market.
China, the United States, and Germany are some of the major exporters of fiberglass mesh filters. According to Statista, the United States exported fiberglass mesh worth USD 180.19 million in 2020. China exported fiberglass mesh worth USD 305 million and Germany exported fiberglass mesh worth USD 134 million in the same year. The export of fiberglass mesh filters to developing economies like India, Brazil, and Mexico has also increased over the years.
Foreign Customer Usage of Fiberglass Mesh Filters
The usage of fiberglass mesh filters by foreign customers has been growing rapidly in recent years. The need for clean air and filtered water has driven the demand for fiberglass mesh filters in different parts of the world. The usage of these filters in the automotive industry has increased due to the strict regulations on emission control in various countries. The construction industry has also been a major user of fiberglass mesh filters for air filtration in buildings.
The petrochemical industry has been one of the major end-users of fiberglass mesh filters for liquid filtration. The food processing industry also uses these filters for solid and liquid filtration. The pharmaceutical industry has adopted fiberglass mesh filters for air filtration in clean rooms. The increasing adoption of these filters in different sectors has driven the demand for fiberglass mesh filters in foreign markets.
Conclusion
The foreign trade market for fiberglass mesh filters has been growing rapidly in recent years. The increase in cross-border trade of goods and services has given ample opportunities to manufacturers and distributors to expand their business and reach out to customers across borders. The usage of fiberglass mesh filters by foreign customers has also been growing in different sectors like automotive, construction, petrochemical, food processing, and pharmaceuticals. With the increasing need for clean air and water, the demand for fiberglass mesh filters is expected to grow in the years to come.