The emergence of cement and mining industries coinciding with increasing global concern regarding the safe working environment in industries is anticipated to provide an impetus to the global filter bag market. The decrease in its production cost and the advent of highly efficient products has encouraged the rapid adoption of filter bags in SME & MSE. Increasing demand for filter bags in the biomass waste-to-energy incineration, and in cement industry as clinker cooler, is expected to fuel the market growth.
The pulse jet segment, among other type segments, is projected to witness a cumulative growth during the forecast period, 2019–2026. This is attributed to increasing cement and mining industries which cannot shutdown their production activity as it will negatively impact profitability. However, these industries are highly reliable on pluse jet in order to maintain the various norms of emission. Additionally, the features such as long bag technology which decrease equipment footprint, low maintenance cost fewer ancillary component will boost the demand of filter bag market during the projected period.
The polyester segment, among other material segments, is projected to showcase considerable growth during the forecast period due to its features, such as excellent abrasion-proof, cake release, and water and air permeability.
Global filter bag market is fragmented into Asia Pacific, Europe, North America, and Latin America and the Middle East & Africa.
The Asia-Pacific filter bag market is mainly driven during the forecast period 2019-2026. This is attributed to the high demand for air filter bags the product segment which is also estimated to high growth as compared to other product in the projected period 2019-2026. The growth is attributed to the higher demand of air filter bags in various industrial sectors across the region. Growing industrialization and emerging economies such as India, China and Japan has supplemented the growth of product market.
Got questions about your regional growth of
Filter Bag Market ?
Just drop us a line or call on +1 646 480 7505
Air filter bags are used to control the emission of dust particle and industry effluents. They find various applications across industries including mining, power plant, oil & gas, and cement for dust control, fly ash handling, purification of gas, etc. According to the Department for Promotion of Industry and Internal Trade, the FDI inflow into the Indian automotive industry was USD 21.38 billion. Schaeffler India, the Indian arm of the German-based automobile and industry component maker, is expected to make an investment of USD 46.66 million in coming years. This showcases that automotive industry will supplement the use of filter bagsin oreder to meet the norms of emission. The flourishing pharmaceutical industries in the region extensively use filter bags for the recovery of expensive active ingredients, filtration of gelatins, catalyst recovery, and active purification.
Transition to Low Carbon Emission Economies Will Boost GDP and Employment Rate in the EU
Europe is anticipated to witness a remarkable growth, owing to the changing economic and industrial scenario. As per the Paris Agreement, the transition of the European Union to a low carbon emission economy would result in a 1.1% growth in GDP and around 0.5 % increment in employment by 2030.
The Latin America and the Middle East & Africa region is anticipated to witness significant growth due to the increasing oil and gas operations incountries such as Saudi Arabia, Brazil, and the UAE, among others. This has surged the growth of filter bags to control the emissions occurred these operatuions. Additionally, the product is used in coke oven and coal preparation in manufactureing process in steel industry. As steel is utilized for structural component, heat exchangers, and flowlines in oil & gas industry. Furthermore, growing number of probable gas reserve in the region will fuel the market growth during the forecast period.
Some of the key players in the global filter bag market are BWF Envirotec (Germany), Eaton Corporation Plc (Ireland), Babcock & Wilcox Enterprises, Inc. (U.S.), Donaldson Company, Inc. (U.S.), Pall Corporation (U.S.), Thermax Ltd. (India), Mitsubishi Hitachi Power System, Ltd. (Japan), Rosedale Products Inc. (U.S.), Shanghai Filterbag Factory Co., Ltd. (China) and GE Appliances (U.S.).
In February 2018, Parker-Hannifin Corporation expanded its business by establishing a new industrial filter test laboratory along with a customer experience facility in the U.S., offering a testing method in conformity with the ANSI/ASHRAE 199-2016 standard to determine the performance of pulse cleaned filters.
Filter Bag Market Segmentation
" Crucial Insights The Report Provides:"
* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast PeriodsView Full Report Buy This Report Now