As the filter market continues to experience steady growth, it’s important for filter manufacturers understand not only the current trends driving the market’s growth, but also how these trends will impact the end-users.
Trend 1: Fracking Boom:
Fracking is a process of drilling that uses water to extract oil and natural gas. It is mostly responsible for surging U.S. oil and natural gas production by enabling our country to tap vast oil and natural gas reserves previously locked away in shale and other tight rock formations.
As a result of the fracking boom, billions of pounds of new polyethylene and polypropylene are expected to be available to the U.S. market by 2018, cited ICIS and Plastics News. Manufacturers that can utilize these low cost substrates in their products can expect to reap significant cost benefits. Additionally, they’ll be able to better compete against imports from Asia.
Trend 2: Automotive Weight Reduction:
Manufacturing lighter weight vehicles is an important trend in the automotive industry. Weight reduction cuts down on emissions, improves fuel economy and minimizes brake and tire wear. Automotive manufacturers continue to drive weight down, as even the slightest weight change yields significant results.
As a result of this trend, filter manufacturers can use lower density adhesives to replace metal filter reinforcement. Adhesives can also be used to bond the lower weight plastic substrates that continue to make up a larger share of automotive components. Visit our blog for more information on global automotive oil filters.
Trend 3: Increased Environmental Regulations:
Environmental factors currently limit the use of solvents, with additional restrictions on other air pollutants likely to follow. Manufacturing companies are diligently looking to reduce the generation of HAPs (Hazardous Air Pollutants) and sensitizers.
In response to this trend, filter manufacturers are encouraged to have filters that do not contain or were manufactured using any hazardous materials.
Trend 4: Water Scarcity:
Growing Blue details the factors causing current water stress and what this means for the near future. Increased water demand pressures include growing urban, domestic and industrial water usage. Additionally, climate change causes increased water demand for agriculture and for reservoir replenishment. Current issues with water transport, availability and variability also present challenges along with the decline in renewable water resources.
Furthermore, 2.5 billion people live in regions with water stress, and 20% of the global GDP is produced in water-scarce areas.
In response to this trend, filter manufacturers face rising demand for filters and water purification equipment to provide more clean water options to the population.
Stay tuned for an upcoming post of Bostik’s adhesives that address these filtration market trends. Call 800-7-BOSTIK with any adhesive questions. We are also on Facebook (Bostik Industrial) and Twitter (Bostik_IND).