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Filter Bags Market size surpassed USD 3 billion in 2021 and is projected to depict over 6% CAGR from 2022 to 2030. Increase in cement supply for infrastructure development projects is likely to drive the industry growth.
Filter bags are gaining traction as an economical industrial solution for high-flow filtration and batch filtration. A surge in cement production is a prominent reason behind the burgeoning consumption of bag filter systems, especially in emerging economies. According to data from the Vietnam National Cement Association, cement production is set to reach 108Mt against the national demand for 65Mt in 2022 for infrastructure construction projects. Factors such as these will accelerate the use of cement filter bags to remove particulates and pollutants from cement for use in manufacturing and processing facilities.
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Despite the favorable growth environment, sensitivity to shrinkage and other high-temperature issues may hinder industry expansion to some extent. Filter shrinkage mainly occurs in temperatures above 450?F, driving the need for oversizing filters. To limit shrinkage and premature failure, air filter suppliers are employing specialists to help with the design of dust collection systems as per specific applications. These initiatives to increase the life expectancy of filters may boost bag filter production worldwide.
Report Coverage | Details |
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Base Year: | 2021 |
Market Size in 2021: | 3.3 Billion (USD) |
Forecast Period: | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR: | 6% |
2030 Value Projection: | 5.7 Billion (USD) |
Historical Data for: | 2017 to 2021 |
No. of Pages: | 290 |
Tables, Charts & Figures: | 342 |
Segments covered: | Ma, Media, Material, Application, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The filter bags market revenue from the Teflon material is poised to reach USD 200 million by 2030. This material can withstand harsh chemical environments and high temperatures, increasing its application scope in coal-fired power plants. Teflon is also a popular material in the power sector, mainly for boiler and material handling. With the rapid rise in power consumption across the commercial and industrial sectors, the use of Teflon-based filter bags in power processing equipment will surge.
The pulse jet filter bags segment will exhibit around 6.5% CAGR through 2030, given its widespread adoption for clinker coolers, transfer point dedusting, and alkali bypass applications. The low-pressure drop and automatic cleaning properties also make pulse jet filter bags suitable for the cement industry. Increasing financial support for infrastructure construction in the educational and healthcare sectors will stimulate cement consumption and in consequence, boost the production.
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The filter bags market size from power generation application is slated to register more than 6% gains through 2030. As compared to electrostatic precipitators, pulse-jet and Teflon-based bags can ensure more efficient dust separation in coal-fired boilers. Over the years, government bodies have been introducing stringent policies to mitigate environmental pollution. In order to mitigate the burden of air-borne diseases arising due to this pollution, filter bags will gain high acceptance in power generation facilities.
The non-woven media segment is set to cross USD 2 billion by 2030, owing to its robust filtration characteristics and applicability in noxious chemical manufacturing environments. Non-woven filter bags are also made available in different shapes & sizes and are modifiable for certain applications. With the mounting use of chemicals across various industry verticals, the supply of these filter bags will rise globally.
Regionally, the Asia Pacific filter bags market is anticipated to witness above 6.5% CAGR through 2030, given the surging prevalence of cancer and lung diseases. As per the Chinese Center for Disease Control and Prevention, pneumoconiosis accounts for 90% of all occupational diseases in the country. This rising disease prevalence will promote the use of industrial filter bags to curb air pollution. Moreover, countries such as South Korea have emerged as key hubs of pharmaceutic manufacturing. These advancements will further fuel filter bag adoption in boilers, dryers, and other drug-manufacturing machines.
AGET Manufacturing Company, Camfil Group, Filter Services Limited, Lydall Industrial Filtration AAF, Parker Hannifin, Donaldson Co., Inc., Textile Manufacturing Ltd., Green Planet Engineers, Mann+Hummel Group, Kavon Filter Products Co., and Koch Filter Corporation are some of the key participants across the filter bags market. These companies are emphasizing on mergers and acquisitions to reinforce their footprint across the industry.
The COVID-19 pandemic has exacerbated the complexity of manufacturing operations. The asset-intensive metal industry, for example, observed unprecedented disruptions following the outbreak. The industry was projected to register significant loss in EBITDA in 2020 over 2019. This business downturn potentially led to a decline in the adoption of filter bags in metallurgical industries. However, manufacturers are continuing to adopt new business strategies to survive in the post-pandemic era, which may aid the recovery of the industry.
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Market, By Media
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The above information is provided on a regional and country basis for the following: