Jan 16, 2019   SOURCE: PR NewsWire

Global $6.14 Bn Liquid and Air Filter Bags Market to 2023: Growing Industrialization and Expanding Automotive Industry Driving Growth

DUBLIN, Jan. 16, 2019 /PRNewswire/ --

The "Liquid and Air Filter Bags Market by Type - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023" report has been added to ResearchAndMarkets.com's offering.

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The global liquid and air filter bags market is projected to reach $6,144.9 million by 2023, The market growth is driven by growing industrialization and expanding automotive industry.

Insights into market segments

Based on type, the liquid and air filter bags market is bifurcated into liquid and air. Air filter bags is expected to be the faster growing type during the forecast period, advancing at CAGR of 6.2% in terms of volume. The increasing need for dust and other unwanted foreign particle removal from industrial equipment is fueling its market growth. Also, high demand of the bag for air conditioning and ventilation purpose further propels its market growth.

On the basis of bag size, the liquid and air filter bags market is categorized into 7OD*32'', 7OD*17'', 4OD*14'', 4OD*8'', and others. Among all bag sizes, the volume sales of 4OD*8'' are expected to exhibit fastest growth in the market, witnessing a CAGR of 5.7% during the forecast period.

In terms of end user, the liquid and air filter bags market is segmented into chemicals and pharmaceuticals, mining, water treatment, steel and power, cement, and others; others' include brewing and food and beverage. Of these, water treatment is expected to be the fastest growing end user category during the forecast period, advancing at a CAGR of 6.4% in terms of volume. High demand of liquid and air filter bags in primary, secondary, and tertiary water treatment processes for removal of medium-sized and fine solid particles from water, is driving its market growth.

APAC stands as the largest market

The liquid and air filter bags market in Asia-Pacific (APAC) has been witnessing the highest sales of these bags. This can mainly be attributed to the increasing industrialization and urbanization in the region, which are the major factors contributing to the increased demand of filter bags. The typical application area of these bags includes commercial buildings, pharmaceutical, mining, industrial, and others.

The booming pharmaceutical industry in the region to address the health issues of the rising population, is also driving the region's liquid and air filter bags market growth. The various uses of filter bags in the pharmaceutical industry include recovery of expensive active ingredients, catalyst recovery, filtration of gelatins, and active carbon purification and removal.

Increasing demand for liquid and air filter bags from the cement manufacturing and mining industries to serve as lucrative market opportunity

There has been an increasing demand for liquid and air filter bags from the cement manufacturing and mining industries. With the increase in infrastructure activities globally, there has been a rise in the set-up of cement manufacturing and mining industries. These industries use these filter bags as mediums for reducing the dust particles generated during the manufacturing process. Hence, the manufacturers working in these industries are fitting filter bags around the equipment as per the filtration requirements. This serves as the lucrative opportunity for liquid and air filter bags market growth.

Key Topics Covered:

Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Type
4.1.1.1 Liquid
4.1.1.2 Air
4.1.2 By Bag Size
4.1.2.1 7OD*17''
4.1.2.2 7OD*32''
4.1.2.3 4OD*8''
4.1.2.4 4OD*14''
4.1.2.5 Others
4.1.3 By Application
4.1.3.1 Chemicals and pharmaceuticals
4.1.3.2 Steel and power
4.1.3.3 Cement
4.1.3.4 Mining
4.1.3.5 Water treatment
4.1.3.6 Others
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Technological developments
4.3.2 Drivers
4.3.2.1 Stringent government regulations and increased environmental standards
4.3.2.2 Growing automotive industry
4.3.2.3 Increasing demand from cement manufacturing and mining industry
4.3.2.4 Increasing use in coal fired power plants
4.3.2.5 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 Low resistance to wear and tear of liquid and air filter bags
4.3.3.2 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 Growing pharmaceutical industry

Chapter 5. Global Market Size and Forecast
5.1 By Type
5.2 By Bag Size
5.3 By End User
5.4 By Region

Chapter 6. North America Market Size and Forecast

Chapter 7. Europe Market Size and Forecast

Chapter 8. APAC Market Size and Forecast

Chapter 9. LATAM Market Size and Forecast

Chapter 10. MEA Market Size and Forecast

Chapter 11. Competitive Landscape
11.1 Competitive Benchmarking of Key Players
11.2 Global Strategic Developments of Key Players
11.2.1 Mergers and Acquisitions
11.2.2 Facility Expansions
11.2.3 Product Launches

Chapter 12. Company Profiles

    --  DowDuPont Inc.
    --  Filter Concept Pvt. Ltd.
    --  Danaher Corporation
    --  Donaldson Company Inc.
    --  Cummins Inc.
    --  Parker-Hannifin Corporation
    --  Eaton Corporation plc
    --  Emirates Industrial Filters Co. LLC
    --  FILPRO Corporation

For more information about this report visit https://www.researchandmarkets.com/research/vjk5vg/global_6_14_bn?w=5

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