August 16, 2019
Worldwide homopolymer acrylic filter bags market is predicted to cross US $1 billion by the year 2025, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2019-2025.
Homopolymer acrylic filter bags find applications in various industries such as chemical, cement, pharmaceutical, power generation, and metal, owing to their ability to capture fine particles suspended in the environment. The product is made from acrylic staple fibers and is dimensionally stable. Industries use of homopolymer acrylic filter bags to lower the harmful emissions owing to the rising awareness regarding limiting pollution will bolster the product market.
Based on the coating type, oleophobic coating segment of homopolymer acrylic filter bags market is expected to witness 5% gains over the forecast period owing to growing refinery operations to meet global gasoline needs. The product is known for separating sticky & oily dust particles and is majorly used in oil refineries. The base felt is immersed in chemical bath during the manufacturing process to capture the oily dust.
Regionally speaking, the Indian cement application segment of homopolymer acrylic filter bags market is presumed to accrue US $18 million by 2025 on account of expanding real-estate industry and growing urbanization in the region. The product is useful in cement plants for trapping cement dust.
According to the study, homopolymer acrylic filter bags market is anticipated to witness more than 3.5% gains from food & beverage application over the forecast period. This growth can be attributed to the contaminant capturing property of the product which is used in producing safe and uncontaminated food products. Expansion of retail chains and rapid urbanization leading to increased demand for food products will further fuel the product demand, cites the study.
The demand of homopolymer acrylic filter bags, however, will be hampered by the availability of carbon and electrostatic filters which are used as substitutes to capture dust particles. Other factors restricting the market profitability include better characteristics and cost-effectiveness of substitutes such as polyester and polypropylene.
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Considering the geographical landscape, Germany homopolymer acrylic filter bags market from PTFE coating is projected to exceed US $2.5 million by the year 2025 owing to product’s improved filtration efficiency. Growing awareness and stringent environmental regulations will surge the demand for dust filtration solutions to control air pollution, thereby amplifying the market growth in the region.
Moreover, high porosity of homopolymer acrylic filter bags makes them ideal for capturing suspended dust molecules and keeping emissions under check. Various initiatives around the world such as The Clean Air Act of the US and 2020 Air Pollution Action Plan of China will increase the demand for filter bags aiding the growth of global homopolymer acrylic filter bags market, claims the study.
The major companies operating in the homopolymer acrylic filter bags market include Filtercorp International Limited, Donaldson Company Inc., SOLAFT Filtration Solutions, Shanghai Everspring Filtration Technology Co., Ltd., and SLY Inc., among others.