Filter Bags Market (Size - 4” OD x 10” Long Filter Bag, 4” OD x 17” Long Filter Bag, 6” OD x 20” Long Filter Bag, 7” OD x 17” Long Filter Bag, and 7” OD x 32” Long Filter Bag; Media - Woven and Non-woven; Type - Liquid Filter Bag and Air Filter Bag; Application - Oil and Gas, Cement, Mining, Power Plants, Automobiles, Aerospace, Defense and Marine, and Water Treatment) - Global Industry, Size, Share, Growth, Trends and Forecast 2017 - 2025
Global Filter Bags Market: Overview
The global filter bags market is foretold to find lucrative applications in the oil and gas industry, which could secure a leading share in the near future. Filter bags could be used for the filtration of glycol fluids, gas turbine oil and air filtration, cracking and distillation, and filtration of lube oils. Nonetheless, there could be opportunities in other end-use industries including water treatment, defense and marine, aerospace, and automobiles.
According to the report, the global filter bags market could be classified as per four categories, viz. application, type, media, and size. By type, air filter bags are predicted to take a king’s share of the market.
The report covers important aspects of the global filter bags market to help readers with a sound understanding of future projections and how the competitive scenarios could shape in the coming years.
Global Filter Bags Market: Trends and Opportunities
The global filter bags market is projected to increase its growth on the back of a swelling adoption across a range of industries. This could be due to a mounting focus on providing high-quality and safer work environment to employees and reducing the amount of emissions. The adoption is expected to increase further in small and medium-sized enterprises (SMEs) because of the advent of significantly efficient products and decrease in their cost. In the recent years, a number of nations have enforced stringent regulations to avoid the degradation of the environment and cut down the level of carbon emissions.
Organizations that proactively undertake measures to minimize carbon footprint and adopt green technologies in their overall operations are provided with tax rebates and incentives by government agencies. Moreover, employers in the industrial sector are compelled to fulfill safety and efficiency standards required for a regular work environment. In this regard, various workplace safety statutes have been implemented. All of these factors could augment the demand for filter bags to prevent the mixture of harmful emissions with the ambient air. Furthermore, the requirement of filter bags could see a rise especially in power plants, mining, and cement industries.
Global Filter Bags Market: Geographical Analysis
On the regional front, Asia Pacific is envisioned to take a leading position in the international filter bags market while showcasing a promising growth during the forecast tenure. Anticipated to mainly rely on a high demand for filter bags, the regional market could rise at a CAGR of 6.2%. The region could witness a large usage of filter bags for storage, fly ash handling, dust control, and gas purification in a wide range of industries including cement, power plants, mining, and oil and gas. Forecast to grow at a 5.9% CAGR, the Middle East and Africa (MEA) could tread on the heels of Asia Pacific with a major contribution from the oil and gas industry.
Global Filter Bags Market: Companies Mentioned
The worldwide filter bags market is foreseen to fit in a massive count of small and large companies operating in the industry. The market could be marked by the presence of leading names such as Donaldson Company Inc., Mitsubishi Hitachi Power Systems Ltd., Babcock & Wilcox Co., Pall Corporation, and Thermax D Ltd. Large companies are envisaged to expand their operations and bolster their current sales to successfully face a tough competition from small companies considering alliances with domestic original equipment manufacturers (OEMs) and low-cost products.
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