Sunday 22 July 2018

Liquid and Air Filter Bags Market Trends, Growth, Demand And Industry Insight By 2023

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.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.

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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. 

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.

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.

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Some of the major players operating in the global liquid and air filter bags market are Emirates Industrial Filters Ltd., Cummins Inc., CLARCOR Inc., Donaldson Company Inc., Pall Corporation, Parker Hannifin Corporation, Eaton Corporation, DuPont de Nemours, Filter Concept Pvt. Limited, and FILPRO Corporation.
GLOBAL LIQUID AND AIR FILTER BAGS MARKET SEGMENTATION 
By Type
  • Liquid
  • Air
By Bag Size
  • 7OD*32’
  • 7OD*17’’
  • 4OD*14’’
  • 4OD*8’’
  • Others
By Application
  • Chemicals & Pharmaceuticals
  • Mining
  • Water Treatment
  • Steel & Power
  • Cement
  • Others
By Geography
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Italy
    • France
    • Rest of Europe
  • APAC
    • China
    • Japan
    • India
    • Rest of APAC
  • Latin America (LATAM)
    • Brazil
    • Mexico
    • Rest of LATAM
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • South Africa
    • Rest of MEA
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