Industrial Filters Market To Reach USD 4.50 Billion By 2026
Market Summary Growing Industrialization & Urbanization and stringent regulations related to emission and treatment of industrial wastes are propelling the market growth. Market Size – USD 2.76 Billion in 2018, Market Growth - CAGR of 6.2%, Market Trends – Customized filter technology for specific needs. The global industrial filters market is forecast to reach USD 4.50 Billion by 2026, according to a new report by Reports and Data. Industrial filters are used to filter and capture heavy duty filter media continuously. The separated waste goes to a filter bag and is ejected through a proper source. Similar to raw materials and chemicals, industrial gases likewise should be separated. Furthermore, it is of paramount importance to safeguard industrial workers from the working environment. Further key findings from the report suggest : • The fiberglass filter media segment held the largest market share of 31.6% in the year 2018. This filter media is available in dry and can be treated with a non-toxic, non-flammable, odorless adhesive. These are extensively used in the air filter. • The food & beverage industry is forecasted to grow with an impressive CAGR of 6.7% during the forecast period. • The Asia Pacific region held the largest market share of 31.4% in the year 2018. • The liquid filter segment held a larger market share of 60.4% in the year 2018. www.reportsanddata.com
Key Players: Lydall Inc., Valmet Corporation, 3M, Ahlstrom-Munksjo, Clear Edge Filtration Group, Nordic Air Filtration, Fibertex Nonwoven, Sefar AG, Sandler AG, and Freudenberg Filtration Technologies among others. Segmentation: • Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026), Liquid Filter, Air Filter, • Filter Media Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026), Activated Carbon, Fiber Glass, Metal, Filter Paper, Others • End-Use Industries Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026), Food & Beverage, Metal & Mining, Chemical, Pharmaceutical, Power Generation, Others
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Regional Industrial Filters Market (Regional Output, Demand & Forecast by Countries):• North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
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Major highlights of the report: • An all-inclusive evaluation of the parent market • The evolution of significant market aspects • Industry-wide investigation of market segments • Assessment of the market value and volume in the past, present and forecast years • Market share evaluation • Study of niche industrial sectors • Tactical approaches of the market leaders • Lucrative strategies to help companies strengthen their position in the market
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