Filter Bags Market share to hit $4 bn by 2024: Global Market Insights, Inc.

Pulse jet filter bags market demand to witness gains of over 5.5% to 2024 as it is utilized in paper & pulp industry to separate fine particles and in recovery processes & mills. Growing paper demand from the packaging industry in order to replace plastic bags will positively impact bag filters industry growth.

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Selbyville, Delaware, March 05, 2019 (GLOBE NEWSWIRE) --

The filter bags market size is slated to exceed USD 4 billion by 2024, says a growth forecast statistic by Global Market Insights, Inc. Growing awareness regarding high quality and safe environment would propel filter bags market. The product efficiently removes particulate and withstands high temperature conditions, thereby making it suitable for usage in cement, metal, and power generation industries, thus enhancing industry size.

Pharmaceutical filter bags application 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.

Filter bags industry is anticipated to witness strong gains owing to its utilization to control industrial emissions due to its particles and molecules holding capacity. Increasing emissions in India and China owing to growing industrial activities will enhance the market growth.

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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 not react with water. Rising awareness for hygiene maintenance globally will boost detergent industry which in turn will propel market growth.

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.

Global woven filter bags market is likely to grow at over 5% by 2024. It is utilized for atmospheric air and home cleaning applications. Global air purifiers industry is anticipated to exceed USD 25 billion in the forecast time span, thereby stimulating market growth.

Browse key industry insights spread across 260 pages with 302  market data tables & 50 figures & charts from the report, “Filter Bags Market Size By Type (Pulse Jet, Reverse Air, Shaker) By Material (Polyester, Polypropylene, Nomex, Acrylic Fibers, Teflon) By Media (Woven, Non-Woven), By Application (Cement, Pharmaceutical, Power Generation, Metal, Chemical), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Sweden, Spain, Russia, China, India, Japan, South Korea, Thailand, Australia, Malaysia, Brazil, Saudi Arabia, UAE, South Africa), Price Trend, Application Development, Competitive Landscape & Forecast, 2018 – 2024” in detail along with the table of contents:

China filter bags market size 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.

Power generation application is predicted to grow at over 5.5% by 2024. The product is utilized for coal fired boilers and pulverized coal injection apparatus in power generation industry to capture fine coal sediments. Rising electricity usage due to growing industrial and commercial activities will boost power generation, which in turn will drive PRODUCT demand.

Global teflon filter bags market is anticipated to exceed USD 175 million in the forecast timeline. The product has its applications in waste to energy incinerators and various chemical processes. Growing demand of chemicals for plastics and paint industry will positively impact the industry size.

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Filter Bags industry is fragmented with key industry participants including Lydall Industrial Filtration Textile Manufacturing Ltd, Koch Filter, 3M, AGET Manufacturing, and Parker Hannifin. Manufacturers are making heavy investments in R&D, product innovation and capacity expansion in order to cater boosting industry growth.

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HVAC Air Quality Monitoring Market Size was valued over USD 3.5 billion in 2018 and the industry will grow by a CAGR close to 7% up to 2025. Growing popularity of green buildings and environment friendly industries due to increasing environmental and healthcare implications of indoor pollution are the main factors contributing towards HVAC air quality monitoring market growth.

2. HVAC Filters Market Growth, 2018 – 2024

HVAC Filters Market size was over USD 8 billion in 2017 and industry expects demand of above 1.5 billion units by 2024. Increasing consumer inclination for clean air owing to deteriorating outdoor and indoor air quality along with toxic compounds circulation would drive HVAC filters market size.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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