Shaker Filter bags market size is majorly driven by increasing particulate matter levels and greenhouse gas emissions in the atmosphere along with growing demand for highly efficient and cost-effective pollution control devices. —
According to a report by GMI, global filter bags market size will hit USD 4 billion revenue by 2024. The U.S. filter bags industry will observe substantial gains of over 5.5% in the forecast time span. The product owing to its particulate matter filtering properties is used to control air pollution. Growing air pollution due to rising shale gas production in the country will stimulate product utilization, hence enhancing market.
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China filter bags market is anticipated to exceed USD 505 million in by 2024. Growing automotive sector in the region will propel steel production. The product is utilized in steel manufacturing industry in reactor exhausts positively impacting market growth.
Filter Bags Market impact forces
1 Growth drivers
1.1 North America: Growing chemical industry will surge market growth.
1.2 Europe: Expanding power generation sector may propel product demand
1.3 Asia Pacific: Increasing cement sector owing to infrastructure development may drive product demand
2 Industry pitfalls & challenges
2.1 Issues with high temperature operations
Pulse jet market segment is estimated to witness gains of over 5.5% by 2024. The product utilized in paper & pulp industry to separate fine particles. It is used in recovery processes and mills. Growing paper demand from the packaging industry in order to replace plastic bags will positively impact industry growth.
Polypropylene filter bags market size is anticipated to surpass USD 605 million in the forecast timeline. It is utilized in detergent and chemical processing industries due to its non-hygroscopic nature, that is it does nor react with water. Rising awareness for hygiene maintenance globally will boost detergent industry which in turn will propel market growth.
Browse key industry insights spread across 260 pages with 302 market data tables & 50 figures & charts from the report, “Filter Bags Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
Filter bags may degrade at very high temperatures, which makes it problematic for usage in industries operating at very high temperatures, thereby affecting industries profitability and market price trends.
Pharmaceutical filter bags market is anticipated to exceed USD 215 million in the forecast timeline. Its high dust holding properties finds applications in boilers and dryers to manufacture drugs. Rising technological advancements and R&D activities to manufacture safe drugs will propel product demand.
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Filter bags market share is fragmented with major industry players including Koch Filters, AGET Manufacturing, Lydall Industrial Filtration Textile Manufacturing Ltd, Parker Hannifin Corporation, and Kavon Filter Products Co. Companies are investing heavily in capacity expansion, R&D, and product portfolio expansion for growing product demand.
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Release ID: 515371