Global Filter Bag Market Size study, by Type (Air Filter Bags, Liquid Filter Bags), by Size (7” OD x 17” Long Filter Bag, 7” OD x 32” Long Filter Bag, 4” OD x 10” Long Filter Bag, 4” OD x 17” Long Filter Bag, 6” OD x 20” Long Filter Bag), by Media (Woven Filter Bags, Non-Woven Filter Bags), by Application (Filter Bags for Oil & Gas, Filter Bags for Mining, Filter Bags for Cement, Filter Bags for Power Plant, Filter Bags for Automobiles, Filter Bags for Water Treatment, Filter Bags for Aerospace, Defense & Marine) and Regional Forecasts 2022-2028
Global Filter Bag Market is valued at approximately USD 2.5 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.9 % over the forecast period 2022-2028. Filter bags are one of the most regularly utilized and cost-effective liquid or gaseous filtration elements. Bag filters are used for batch filtration as well as high-flow filtration. They are also used to filter solid particles in a dust-containing gas. Rising government initiatives to reduce air pollution, expanding cement and mining industry, and imposition of strict rules & regulations across the Globe have driven the adoption of Filter Bags across the projected period. For Instance: The Indian government and IIT Kanpur collaborated to establish the National Air Quality Index. The National Clean Air Program was begun in India in 2019. By 2024, the program aims to reduce PM2.5 and PM10 levels by 20-30%. The country's industries are obligated to follow the guidelines as a result of the enforcement of such strict standards. Also, rise in demand from Coal-fired Power Plants and expanding manufacturing facilities are most likely to boost the overall growth of the Filter Bag market. However, fluctuating raw materials prices and increased product prices can obstruct the market's expansion over the projection period of 2021-2027.
The key regions considered for the global Filter Bag market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. US is the leading region across the world. Rising implementation of regulations is driving the market growth in the US. Whereas, Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027. The market is expected to grow during the projected period, due to rapid economic growth and rising environmental restrictions.
Major market players included in this report are:
Babcock and Wilcox Comp.
Pall Corporation
Thermax D Ltd.
Eaton Corporation
Mitsubishi Hitachi Power Systems Ltd.
Rosedale Products Inc.
Shanghai Filterbag Factory Co. Ltd.
Donaldson Co., Inc.
GE Appliances
BWF Envirotec
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Air Filter Bags
Liquid Filter Bags
By Size:
7” OD x 17” Long Filter Bag
7” OD x 32” Long Filter Bag
4” OD x 10” Long Filter Bag
4” OD x 17” Long Filter Bag
6” OD x 20” Long Filter Bag
By Media:
Woven Filter Bags
Non-Woven Filter Bags
By Application:
Filter Bags for Oil & Gas
Filter Bags for Mining
Filter Bags for Cement
Filter Bags for Power Plant
Filter Bags for Automobiles
Filter Bags for Water Treatment
Filter Bags for Aerospace, Defense & Marine
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global Filter Bag Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Companies Mentioned
Babcock and Wilcox Comp.
Pall Corporation
Thermax D Ltd.
Eaton Corporation
Mitsubishi Hitachi Power Systems Ltd.
Rosedale Products Inc.
Shanghai Filterbag Factory Co. Ltd.
Donaldson Co., Inc.
GE Appliances
BWF Envirotec
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