Filter Bags Market - Growth, Future Prospects and Competitive Analysis, 2017 - 2025, the global filter bags market was valued at US$ 1,870.3 Mn in 2016, and is expected to each US$ 2,950.1 Mn by 2025, expanding at a CAGR of 5% from 2017 to 2025.
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Market Insights
The global filter bags market has witnessed a significant rise in strategic mergers and collaborations among the manufacturers. Such growth strategies are focused at augmenting their service portfolio. Large scale companies in countries such as Asia Pacific, North America, and Europe are increasingly indulging in filter bags manufacturing due to availability of resources, desire to reduce costs and growing need to focus on core competencies. With further expansion and consolidation activities taking place in the industry, steady growth of the global filter bags market is anticipated to continue through the forecast.
Environment & safety regulations of different governments to reduce particulate emission from various industries along with the development in cement & mining industry is driving the growth of the filter bags industry worldwide. The overall filter bags market has a potential of around US$ 1,870.3 Mn in 2016. Growing health concerns and deteriorating environmental conditions is due to increasing urbanization and industrialization. Governments across the globe have introduced environment protection regulations and industrial standards to control the emission of chemicals or pollutants into the atmosphere. Some of these regulations and standards followed globally include Euro 5, Euro 6, CEPA, CAA, ASHRAE.
Considering the competition, this market is characterized by presence of over 1,000 market players, of which small-scale players are the largest in number. However, to tackle such fierce competition, it is lately observed that mid-sized and small-sized corporations are adopting strategies such as consolidation activities and entering in long-term contracts with client companies.
The global filter bags market has witnessed a significant rise in strategic mergers and collaborations among the manufacturers. Such growth strategies are focused at augmenting their service portfolio. Large scale companies in countries such as Asia Pacific, North America, and Europe are increasingly indulging in filter bags manufacturing due to availability of resources, desire to reduce costs and growing need to focus on core competencies. With further expansion and consolidation activities taking place in the industry, steady growth of the global filter bags market is anticipated to continue through the forecast.
Environment & safety regulations of different governments to reduce particulate emission from various industries along with the development in cement & mining industry is driving the growth of the filter bags industry worldwide. The overall filter bags market has a potential of around US$ 1,870.3 Mn in 2016. Growing health concerns and deteriorating environmental conditions is due to increasing urbanization and industrialization. Governments across the globe have introduced environment protection regulations and industrial standards to control the emission of chemicals or pollutants into the atmosphere. Some of these regulations and standards followed globally include Euro 5, Euro 6, CEPA, CAA, ASHRAE.
Considering the competition, this market is characterized by presence of over 1,000 market players, of which small-scale players are the largest in number. However, to tackle such fierce competition, it is lately observed that mid-sized and small-sized corporations are adopting strategies such as consolidation activities and entering in long-term contracts with client companies.
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Chapter 1. Preface
1.1. Report Scope and Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key offerings
1.2. Report Scope
1.3. Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions
1.1. Report Scope and Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key offerings
1.2. Report Scope
1.3. Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions
Chapter 2. Executive Summary
2.1. Global Filter Bags Market Portraiture
2.1.1. Global Filter Bags Market, by Size, 2016
2.1.2. Global Filter Bags Market, by Type, 2016
2.1.3. Global Filter Bags Market, by Application, 2016
2.1.4. Global Filter Bags Market, by Geography, 2016
2.1. Global Filter Bags Market Portraiture
2.1.1. Global Filter Bags Market, by Size, 2016
2.1.2. Global Filter Bags Market, by Type, 2016
2.1.3. Global Filter Bags Market, by Application, 2016
2.1.4. Global Filter Bags Market, by Geography, 2016
Chapter 3. Global Filter Bags Market: Dynamics and Outlook
3.1. Global Filter Bags Market Overview
3.1.1. Market Dynamics
3.1.2. Drivers
3.1.2.1. Cost reduction and introduction of products with improved performance
3.1.2.2. For a full, detailed list, view our report
3.1.3. Challenges
3.1.3.1. Challenge from substitute filtration technologies
3.1.3.2. For a full, detailed list, view our report
3.1.4. Opportunities
3.1.4.1. Government incentives for promotion of green technologies
3.1.4.2. For a full, detailed list, view our report
3.2. Attractive Investment Proposition, by Geography
3.3. Competitive Landscape of Key Players in Global Filter Bags Market.
3.1. Global Filter Bags Market Overview
3.1.1. Market Dynamics
3.1.2. Drivers
3.1.2.1. Cost reduction and introduction of products with improved performance
3.1.2.2. For a full, detailed list, view our report
3.1.3. Challenges
3.1.3.1. Challenge from substitute filtration technologies
3.1.3.2. For a full, detailed list, view our report
3.1.4. Opportunities
3.1.4.1. Government incentives for promotion of green technologies
3.1.4.2. For a full, detailed list, view our report
3.2. Attractive Investment Proposition, by Geography
3.3. Competitive Landscape of Key Players in Global Filter Bags Market.
Chapter 4. Global Filter Bags Market, by Size, 2015 – 2025 (US$ Mn)
4.1. Overview
4.2. 4" OD x 10" Long Filter Bags
4.3. 4" OD x 17" Long Filter Bags
4.4. 6" OD x 20" Long Filter Bags
4.5. 7" OD x 17" Long Filter Bags
4.6. 7" OD x 32" Long Filter Bags
4.7. Others
4.1. Overview
4.2. 4" OD x 10" Long Filter Bags
4.3. 4" OD x 17" Long Filter Bags
4.4. 6" OD x 20" Long Filter Bags
4.5. 7" OD x 17" Long Filter Bags
4.6. 7" OD x 32" Long Filter Bags
4.7. Others
Chapter 5. Global Filter Bags Market, by Type, 2015 – 2025 (US$ Mn)
5.1. Overview
5.2. Liquid Filter Bags
5.3. Air Filter Bags
5.1. Overview
5.2. Liquid Filter Bags
5.3. Air Filter Bags
Chapter 6. Global Filter Bags Market, by Application, 2015 – 2025 (US$ Mn)
6.1. Overview
6.2. Oil and Gas
6.3. Cement
6.4. Mining
6.5. Power Plants
6.6. Automobiles
6.7. Aerospace, Defense and Marine
6.8. Water Treatment
6.9. Others
6.1. Overview
6.2. Oil and Gas
6.3. Cement
6.4. Mining
6.5. Power Plants
6.6. Automobiles
6.7. Aerospace, Defense and Marine
6.8. Water Treatment
6.9. Others
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Chapter 7. Global Filter Bags Market, by Geography, 2015 – 2025 (US$ Mn)
7.1. Preface
7.2. North America
7.2.1. United States
7.2.2. Canada
7.3. Europe
7.3.1. EU 7
7.3.2. CIS
7.3.3. Rest of Europe
7.4. Asia Pacific
7.4.1. Japan
7.4.2. China
7.4.3. Rest of Asia Pacific
7.5. Latin America
7.5.1. Brazil
7.5.2. Mexico
7.5.3. Rest of Latin America
7.6. Middle East and Africa
7.6.1. GCC
7.6.2. Rest of Middle East and Africa
7.1. Preface
7.2. North America
7.2.1. United States
7.2.2. Canada
7.3. Europe
7.3.1. EU 7
7.3.2. CIS
7.3.3. Rest of Europe
7.4. Asia Pacific
7.4.1. Japan
7.4.2. China
7.4.3. Rest of Asia Pacific
7.5. Latin America
7.5.1. Brazil
7.5.2. Mexico
7.5.3. Rest of Latin America
7.6. Middle East and Africa
7.6.1. GCC
7.6.2. Rest of Middle East and Africa
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