Fabric Filters Market: Insights
The global fabric filters market is expected to generate revenue amounting to USD 2.46 billion in 2020, and is projected to reach to USD 3.65 billion by 2026, growing at a CAGR of 6.83% over the forecast period. Growing demand from end use industries such as pharmaceutical, oil & gas, mining and food & beverage industries is driving the market for fabric filters. Rise in the number of mining activities across the globe is one of the major factor driving the market for fabric filters during the forecast period. The manufacturers are developing sustainable, and high-quality filters using environmentally friendly filter media is also expected to propel the market growth for fabric filters market during the forecast period. The increasing usage of fabric filter system in numerous applications such as stoker fired boilers, municipal waste incinerators, and coal fired steam generators among others is also propelling the market growth for fabric filters.
Fabric filter systems are widely used in the industrial processes of aluminum, cement, rock product and steel among others. Rapid industrialization across various regions including North America, Europe, Asia Pacific, and Central & South America is further projected to propel the market growth of fabric filters. Growing need for a safe working environment in manufacturing sites is also driving the market growth. However, availability of alternative products and fluctuation of raw material prices are likely to hamper the market growth for fabric filters.
Fabric Filters Market Size: By Segmentation
The global fabric filters market is segmented on the basis of type into liquid filter media and air filter media. The liquid filter media segment is further segmented into woven fabrics and non-woven fabrics. The air filter type segment is sub segmented into nonwoven fabrics, fiberglass, and filter paper. The liquid filter segment is expected to hold the largest market share in the global fabric filters market during the forecast period. The higher requirement of solid-liquid separation in various end-use industries is driving the market for liquid filter media. Liquid filtration media is used to remove solids from liquids by flowing the contaminated liquid through a filter media that will retain the solids and allow only clean product to pass through. Growing demand from food & beverage and pharmaceutical industries is driving the market for liquid filter media segment.
On the basis of end use industry, the global fabric filters market is segmented into food & beverage, metal & mining, chemical, pharmaceutical, and power generation among others. The food & beverage segment is expected to hold the largest market share during the forecast period. Rising demand for ready-to-eat food, convenience food, and processed & semi-processed food among others is driving the market growth. Growing number of food processing companies across the globe is propelling the market growth for fabric filters. The pharmaceutical segment is expected to grow at a high CAGR during the forecast period. The increasing production of pharmaceuticals products such as vitamins, drugs, minerals, and herbs are expected to propel the market growth during the forecast period.
Fabric Filters Market Size: By Region
On the basis of region, the market of fabric filters is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. The Asia Pacific region is expected to dominate the global fabric filter market during the forecast period. The expanding manufacturing sector along with increasing investments in the manufacturing sector is driving the market growth in the region. Rapid industrialization in China and India is of the major factor propelling the market growth in the region. The presence of many pharmaceutical companies such as Kalbe, Hyphens Pharma, Takeda Pharmaceutical Company, Livzon Pharmaceutical Group, and Shanghai Fosun Pharmaceutical among others is boosting the market growth in the region.
Fabric Filters Market Share & Competitor Analysis
Some of the key players operating in the Fabric Filters market include: Ahlstrom-Munksjo, Lydall, Inc., Valmet, Freudenberg Filtration Technologies, Kimberly-Clark Corporation, Clear Edge, Fibertex Nonwovens, Hollingsworth & Vose, Johns Manville, and Sefar AG among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In November 2018, Ahlstrom-Munksjo launched a highly durable air filtration media, Extia 1000. The filters increase the filtration lifetime by more than 40%, which further helps customers to extend operational duration before changing the filters.
In November 2018, Fibertex Nonwovens invested in a nonwovens production line for filter media. This new filter media will offer higher filtration efficiency than conventional filtration products.
In July 2018, Lydall, Inc. acquired the Precision Filtration division of Precision Custom Coatings (US). Precision Filtration is a producer of air filter media that mainly serves commercial and residential HVAC markets.
Fabric Filters Market: By Type
Fabric Filters Market: By End Use Industry
Fabric Filters Market: By Region
The global Fabric Filters Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Fabric Filters Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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