April 15, 2020
According to the research report titled ‘Filter Bags Market Size By Type, By Material (, By Media By Application, Regional Outlook, Price Trend, Application Development, Competitive Landscape & Forecast, 2018 – 2024’, available with Market Study Report LLC, global filter bags market is expected to exceed USD 4 billion by the year 2024.
Growing demand for pollution control devices across various industry verticals such as chemical and cement in order to control harmful gas emissions as well as to avoid operational hazards is a major factor driving filter bags market growth. The product aids in segregating dust molecules and fine particles, which further helps in reducing the amount of suspended dust particles in atmosphere. Strict regulatory scenario towards emission mitigation is further fueling the market expansion. However, filter bags tend to degrade in extreme temperature conditions and require consistent maintenance for operational efficiency and longer life, which may act as a restraining factor for the overall market growth.
As per type, pulse jet filter bag market segment is poised to acquire commendable gains in the ensuing years. The product is extensively used in detergent manufacturing plants for capturing fine dust particles. Growing demand for green detergents is boosting the segment growth.
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In terms of material spectrum, polyester filter bags market segment is expected to register a growth rate of 5.5% during 2018-2024. Booming automobile sales has enhanced the demand for metals such as steel and iron especially in China and India. Increasing utilization of polyester filter bags in metal working applications is aiding the segmental share.
The report states that cement application of filter bags in India is presumed to surpass USD 125 million by the year 2024. Filter bags are abrasion resistant and are used in cement kilns and clinker coolers across cement industry. Surging investments in real-estate due to rapid urbanization will positively influence the market size.
Speaking of application landscape, chemical segment is set to record a growth rate of 4.5% through 2024, primarily due to the ability of polypropylene filter bags to endure continuous exposure to high temperatures and corrosive chemicals.
The report cites that pharmaceutical application segment of Germany filter bags industry is predicted to cross USD 8 million by the year 2024. Since filter bags are FDA compliant, they are used in boilers during drug manufacturing processes. Favorable government initiatives and increasing health awareness will contribute towards the expansion of pharmaceutical industry, which will propel the filter bags market outlook in Germany.
As per regional analysis, the U.S. filter bags market is predicted to grow with a CAGR of 5.5% between 2018 and 2024, primarily due to increasing levels of air pollution in the nation due to shale production. The product filters particulate matter and is widely utilized in air pollution control applications.
Some filter bags market majors are Kavon Filter Products Co., Parker Hannifin Corp., Lydall Industrial Filtration Textile Manufacturing Ltd., AGET Manufacturing and Koch Filters among others.
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