Filter Bags Market size worth over $4 bn by 2024
Published Date: February 28, 2019 Authors: Kunal Ahuja, Sonal Singh
Global Filter Bags Market size is set to surpass USD 4 billion by 2024; according to a new research report by Global Market Insights, Inc.
Growing awareness regarding high quality and safe environment would propel filter bags Industry size. The product efficiently removes particulate and withstands high temperature conditions, thereby making it suitable for usage in cement, metal, and power generation industries, thus enhancing industry size.
Pharmaceutical filter bags application is anticipated to exceed USD 215 million in the forecast timeline. Its high dust holding properties finds applications in boilers and dryers to manufacture drugs. Rising technological advancements and R&D activities to manufacture safe drugs will propel product demand.
Pulse jet filter bags market is estimated to witness gains of over 5.5% by 2024. The product utilized in paper & pulp industry to separate fine particles. It is used in recovery processes and mills. Growing paper demand from the packaging industry in order to replace plastic bags will positively impact industry growth.
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Filter bags industry is anticipated to witness strong gains owing to its utilization to control industrial emissions due to its particles and molecules holding capacity. Increasing emissions in India and China owing to growing industrial activities will enhance the market growth.
Polypropylene filter bags market size is anticipated to surpass USD 605 million in the forecast timeline. It is utilized in detergent and chemical processing industries due to its non-hygroscopic nature, that is it does not react with water. Rising awareness for hygiene maintenance globally will boost detergent industry which in turn will propel market growth.
Browse key industry insights spread across 260 pages with 302 market data tables & 50 figures & charts from the report, “Filter Bags Market Size By Type (Pulse Jet, Reverse Air, Shaker) By Material (Polyester, Polypropylene, Nomex, Acrylic Fibers, Teflon) By Media (Woven, Non-Woven), By Application (Cement, Pharmaceutical, Power Generation, Metal, Chemical), Industry Analysis Report, Regional Outlook, Price Trend, Application Development, Competitive Landscape & Forecast, 2018 – 2024” in detail along with the table of contents:
Filter bags may degrade at very high temperatures, which makes it problematic for usage in industries operating at very high temperatures, thereby affecting industries profitability and market price trends.
Global woven filter bags market is likely to grow at over 5% by 2024. It is utilized for atmospheric air and home cleaning applications. Global air purifiers industry is anticipated to exceed USD 25 billion in the forecast time span, thereby stimulating market growth.
China is anticipated to exceed USD 505 million in by 2024. Growing automotive sector in the region will propel steel production. The product is utilized in steel manufacturing industry in reactor exhausts positively impacting market growth.
Power generation application is predicted to grow at over 5.5% by 2024. The product is utilized for coal fired boilers and pulverized coal injection apparatus in power generation industry to capture fine coal sediments. Rising electricity usage due to growing industrial and commercial activities will boost power generation, which in turn will drive PRODUCT demand.
Global teflon filter bags market is anticipated to exceed USD 175 million in the forecast timeline. The product has its applications in waste to energy incinerators and various chemical processes. Growing demand of chemicals for plastics and paint industry will positively impact the industry size.
Filter Bags industry is fragmented with key industry participants including Lydall Industrial Filtration Textile Manufacturing Ltd, Koch Filter, 3M, AGET Manufacturing, and Parker Hannifin. Manufacturers are making heavy investments in R&D, product innovation and capacity expansion in order to cater boosting industry growth.
Filter Bags research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in units and revenue in USD from 2018 to 2024, for the following segments:
Filter Bags Market, By Type
- Pulse Jet
Analysis By Material
- Acrylic Fibers
- Power Generation
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- Saudi Arabia
- South Africa