Fabric Filters Market
Fabric Filters Market (Type: Pulse Jet, Reverse Air/Gas, and Others; End-user Industry: Power Generation, Chemical Industry, Pharmaceuticals, Food & Beverages, Steel Mills, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027
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Global Fabric Filters Market: Snapshot
At the forefront of driving demand in the global fabric filters market are the strict rules pertaining to pure indoor air. Another factor benefitting the market is the focus of manufacturers on product development in response to the need for more effective fabric filters. Acting as a deterrent to the market, on the other hand, is the steep cost of manufacturing fabric filters. However, constant technological advancements and rapid industrialization will likely create more opportunities in the market for growth and help overcome the various challenges hindering its growth.
A report by Transparency Market Research, forecasts the global fabric filters market to expand at a CAGR of 6.3% during the period between 2019 and 2027. Rising at this pace, the market which was worth US$ 10.8 Bn in 2018, is expected to become US$ 18.8 Bn by 2027.
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Pulse Jet Dominates Market on Account of its Reduced Cost
Depending upon type, the global fabric filters market has been categorized into pulse jet, reverse jet, etc. Of them, the segment of pulse jet accounts for maximum share in the market. In 2018, the segment held a substantial 55% share in the market. This is because of the rising uptake of it owing to its ability to lessen in bag house size and capital cost due to less fabric usage. Pulse jet cleaning type does not require the building of an extra compartment for off-line cleaning. The segment is expected to grow its share in the near future.
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Based on application again, the global fabric filters market has divided into power generation, chemical industry, pharmaceuticals, food and beverages, steel mills, etc. Of them, the pharmaceutical segment dominates the market with maximum share. Manufacture of pharmaceuticals products such as vitamins, drugs, minerals, and herbs involves different types of processes which often result in dust as a harmful by-product. This poses health hazards to workers, ups risk of chemical hazards in the manufacturing units, and harm the material. To mitigate the dangers, fabric filter comes in handy.
Expansion of End-use Industries Catapults Asia Pacific to Forefront
From a geographical perspective, Asia Pacific runs the show both in terms of market share and growth rate. The growth in the region is mainly brought about the rapid expansion of various end-use industries such as chemical, power generation, etc. Emerging economies in Asia Pacific, particularly China is at the forefront of driving growth in the global fabric filters market because of the rapid pace of industrialization in the region. In 2018, Asia Pacific held over 37% share of the global fabric filters market. In terms of market share, North America and Europe trail Asia Pacific. The fabric filters market in Latin America and the Middle East and Africa is currently not very developed and mostly dominated by local players.
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Key Players in the Global Fabric Filters Market
Some of the prominent names in the global fabric filters market are
- Hamon Corporation
- Affinia group
- Siemens AG
- Pall Corporation
- Nederman Corpo.
Growing Awareness about Harms due to Air Pollution will propel the Growth Prospects of the Fabric Filters Market
The fabric filters market is estimated to observe good growth opportunities across the assessment period of 2019-2027 on the back of the rising awareness about the effect of air pollution and growing industrialization due to global warming. The escalating use of fabric filters across various industries such as the chemical industry, food and beverages industry, power generation industry, pharmaceuticals, steel mills, and others will bring profitable growth.
- Fabric filters are also known as baghouses. They help in removing particulate matter from an air stream. The impure gas stream is passed from a cloth layer that traps the particulate matter and enables clean air to pass within. The rising regulations for environment conservation across various countries will also prove to be a growth booster for the fabric filters market.
- Research and development activities play a significant part in the growth of the fabric filters market. The players in the fabric filters market invest heftily in research and development activities. These activities help in exploring new formulations and upgrades that make the fabric filters more convenient for the end-users.
- Strategic collaborations are the foundations of growth. The players indulge in these collaborations to increase their influence across the fabric filters market, eventually boosting the growth rate.
- The novel coronavirus pandemic has affected a large number of businesses and sectors around the world. The growth projections of various industries and sectors have changed to a great extent. Nearly all the countries around the world were forced to impose strict restrictions on the movement of people.
- All the commercial establishments and manufacturing facilities were closed abruptly. The restrictions have negatively impacted the growth prospects of the fabric filters market. A decline in the demand and the production of fabric filters caused immense losses. Nevertheless, the relaxations in lockdown restrictions will help the players in the fabric filters market to accelerate growth prospects.
Players in Fabric Filters Market Focused on Product Innovation to Offer Enhanced Filtration Systems
Fabric filters are characterized by their high efficiency of particle collection. They are used to separate solid particles from liquids or gases as and when required. Systems in global fabric filters market work by passing the liquid or gas through a porous fabric material, called medium, that retains the solids in the liquid or gas. Most of the systems in global fabric filters market for filtration work in batches, allowing periodic removal of deposited solid particle contents. They consist of one or more compartments, containing rows of fabric bags for filtration. While the solid particle content remains trapped in these bags, the clean liquid or gas passes through them and is released into the atmosphere. Wide scope of new applications drives the global fabric filters market. For instance, requirement for the effective filtration of mercury is driving the need for product innovation and technological advancements in global fabric filters market. Many players are engaged in research and development activities to develop new types of fabric filter systems that offer enhanced support for wide range of materials that can be filtered through their systems. Manufacturers are also focused on developing systems that can collect and filter fine particle emission and display greater ash resistive properties.
Products in fabric filters market are used for wide range of applications in a number of industry verticals. Growing usage of fabric filters in stoker fired boilers, coal fired steam generators, and municipal waste incinerators is expected to drive the demand in global fabric filters market in coming years. With advancements in the nature and quality of fabric filters, the industry is rich with multiple opportunities for players and stakeholders in fabric global filters market. Currently, fabric filters are also being used in the industrial processing of various construction and building materials including aluminum, rock, steel, and cement. Growing concern over rising global warming levels is expected to motivate the fabric filters market in coming years. However, increasing availability of substitutes for products in global fabric filters market, such as electrostatic precipitators can impede the growth momentum in near future.
Fabric Filters Market – Scope of the Report
Transparency Market Research’s recent report on the global fabric filters market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the global fabric filters market analyzes the market scenario for the period from 2018 to 2027, wherein 2018 is the base year. This report enables readers to make important decisions with regard to their business, with the help of a wealth of information enclosed in the study.
This TMR study on the global fabric filters market also provides data on developments made by important players and stakeholders operating in the market, along with competition analysis. The report also provides an understanding of strengths, weaknesses, threats, and opportunities, along with market trends and restraints in the competition landscape section.
This study also discusses the underlying trends and the impact of various factors on the global fabric filters market along with their influence on evolution of the market
This study also offers Porter’s five forces analysis, value chain analysis, and regulatory scenario of the global fabric filters market, in order to elaborate crucial growth strategies of and opportunities for players operating in the market
Key Questions Answered in Global Fabric Filters Market Report
- How much value does the global fabric filters market is expected to reach by the end of the forecast period?
- Which segment currently account for the maximum share of the global fabric filters market?
- What are the key factors expected to drive the global fabric filters market?
- Which region is likely to be a lucrative market for fabric filters during the forecast period?
- What are the essential strategies adopted by key players operating in the global fabric filters market to expand their geographical presence?
- What are major advancements in the global fabric filters market?
This report answers these questions about the global fabric filters market, aiding major stakeholders and key players in making the right decisions and strategizing for growth of their business
Global Fabric Filters Market: Research Methodology
This TMR report on the global fabric filters market is based on a complete and comprehensive evaluation of the market, backed by secondary and primary sources. The competition scenario of the global fabric filters market is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data and the current trends, researchers of the global fabric filters market arrived at predictions and estimations, and calculated the market forecast.
This report uses an analytical triangulation method to estimate the numbers of the global fabric filters market, by using both bottom-up and top-down approaches
This detailed assessment of the global fabric filters market, along with an overview of the market, is provided based on a careful examination of avenues related to the market. Analysts’ conclusions on how the global fabric filters market is set to expand are based on carefully vetted primary and secondary sources.
Global Fabric Filters Market: Segmentation
This report on the global fabric filters market provides segmentation of the market based on type, end-user industry, and region