Air Purifier Industry ESG Thematic Report, 2023

Air Purifier Industry ESG Thematic Report, 2023

Compliance, ESG Challenges & Framework, ESG Trends

  • Published Date: Nov, 2022
  • Report ID: Astra-100237
  • Format: Electronic (PDF)
  • Number of Pages: 66

Environmental, Social and Governance (ESG) in Air Purifier Industry

As a corporation, keeping up with sustainability and sustainability goals is vital to success. A focus on ESG is not only good for the environment but can build trust and grow your corporation's position.

Due to the increasing environmental degradation, the air purifier industry has experienced massive growth over the past few years. As pollution levels in the environment continue to rise, it is becoming more and more important to protect our lives from its harmful effects. It has been found that greater exposure to these hollowing pollutants leads to respiratory problems, breathing problems, and even irritation in the airways. To prevent such problems, it is essential to use air purifiers to protect our health.

A study by the EPA (Environmental Protection Agency) found that indoor air quality can be as bad as outdoor air quality when it comes to airborne pollutants. An air purifier is a machine created by humans that filters out pollutants and contaminants from the air to ensure a clean and safe environment. By removing undesirable impurities, odors, smoke, viruses, bacteria, dust, and other toxins, they substantially improve the air quality indoors. By filtering out potentially bacteria, harmful air, and toxins, sustainable and innovative construction companies create safe working environments. Workspaces can mean significant exposure over time, so it's imperative to pay attention to indoor air quality. While building materials may be more environmentally friendly, that's not all that's going on.

A growing number of managers and building owners are focusing on environmental, social, and governance concerns and investing in advanced indoor air purification technologies, which are allowing them to make better health and well-being decisions and achieve green certifications.

ESG Trends

Even before the coronavirus pandemic, air purifiers or filters were among the most popular household appliances. After government officials realized that the coronavirus could remain in the air for long hours, manufacturers faced a shortage. The use of air cleaners and HVAC filters in a building or small space helps to reduce the spread of airborne viruses, among other things. Apart from other practices filtration was part of the plan to minimize airborne transmission of COVID-19. Also, air purifiers prevent health issues by enhancing the quality of stale indoor air caused by household pollutants, which may trigger respiratory infections, neurological problems, or aggravate asthma symptoms.

Negative Impact of Air Purifiers

An efficient purifier must be able to run almost continuously, absorbing energy as well as debris. Their filters need to be replaced every few months as well. Air purifiers are made with a mixture of natural and synthetic fibers along with a bit of plastic, metal, and other coatings almost always end up in landfills. Even if the Air Purifier looks recyclable, it is not safe to recycle because it has collected particles during use, resulting in close to 6000 tons of HEPA filters going to landfill on an annual basis.

Apart from increasing waste Air Purifier also have some side effects:

    • Replacement parts: To keep an air purifier running properly, replacement parts need to be replaced yearly which eventually creates waste.

    • Negative ions and UV air purifiers are known to cause the production of ozone, which is harmful to the lungs. Most ionic air purifiers make only a small amount of ozone, so they are not harmful to the lungs. However, there is the problem of putting too many ionic air purifiers in too small an area, resulting in Overkill.

    • Using negative ions in air purifiers can cause dust to settle throughout the area around the purifier, which can make the surrounding area extra dusty.

    • Air purifiers are mostly filtering machines that pull dirty air and exhaust clean air, while also being noisy and loud.

    • Due to their tendency to draw airborne allergens toward them, air purifiers can make allergies worse.

Innovation in Air Purifier Market

In the air purifier sector, research has been focused on reducing the impact on land and investing in other sustainable purifiers that are just as effective at cleaning the air without causing environmental harm. The key to this purifier is its commitment to a circular and sustainable design approach and the use of biodegradable and natural materials instead of conventional ones (and plastics). They have been able to use less plastic than any other air purifier on the market. Instead of plastic they use a bioplastic made from hemp (a very sustainable crop) and elephant grass, which is grown in areas where agricultural crops cannot be grown.

Additionally, the sustainable purifier is designed in a way that is highly energy-efficient, does not require filter waste disposal, uses renewable plant cases, and contains recyclable plastic components.

Growth of the Air Purifier Market

In 2021, the global air purifier market was valued at USD 12.26 billion and is expected to grow by 8.1% from 2022 to 2030 at a compound annual growth rate (CAGR). As airborne diseases and pollution levels rise in urban areas, the market is expected to grow. In addition, the market growth is expected to be boosted by a growing health consciousness, along with an improving standard of living and higher disposable income.

Key Companies in this theme

    • Honeywell International, Inc.

    • IQAir, Koninklijke Philips N.V.

    • Unilever PLC

    • Sharp Electronics Corporation

    • Samsung Electronics Co., Ltd.

    • LG Electronics

    • Panasonic Corporation

    • Whirlpool Corporation

    • Dyson, Carrier

Scope of the Air Purifier Industry ESG Thematic Report

    • Macro-economic and ESG-variable analysis of the industry, including regulatory, policy, and innovation landscape

    • Key insights on infrastructure developments and ESG issues affecting the theme

    • Identify key initiatives and challenges within the industry

    • Identify ESG leaders within the industry

    • Understand key initiatives and the impact of companies within the sector to fuel an informed decision-making process.

    • Analysis of industry activities based on multi-media sources, including significant controversies and market sentiment

Key Benefits of the Air Purifier Industry ESG Thematic Report

    • Developing a comprehensive understanding of macro-economic, Policies & Regulations and innovations affecting the air purifier industry, globally.

    • Key insights into Infrastructure developments and ESG issues affecting the theme.

    • Identifying ESG risks and opportunities to business among leading players in the sector.

    • Obtaining a clear and relevant understanding of company actions, progress, and impact and find opportunities for investment.

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