Southeast Asia revenue for Air filtration market was valued at $ 491.5 million in 2019, and is expected to generate revenue of $ 467.3 million by end of 2020 and 584.0 million USD in 2026, growing at a CAGR of 3.79% between 2020 and 2026.
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Air Filtration market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries' state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
In Vietnam, Vietfil Corporation (VAF) is known as the pioneer of air filtration manufacturing with key production lines such as pre-filters, fine filters, or HEPA filters for multi-industry applications. In the last 2 years, the revenue from air purifier production reached about 3 million USD for both domestic and international markets, especially in supplying HEPA filters to US and Korean enterprises. Seizing market opportunities by shifting from production in China to neighbouring countries, Vietfil is strengthening its capacity to produce 1-3 million products per year in the South factory and North factory.
15 years in the air filtration industry, Vietfil now is a top 100 brand in Vietnam 2022 through the recognition of domestic and foreign enterprises, for example; Samsung, HOYA, Pepsico, Unilever, P&G, EVN,...