About Filter Bags
Bag filters are used for the clarification/filtration of fluids that have a relatively small loading of particles to be removed. These bags are widely utilized for industrial application to filter pollutants and toxic particles that is harmful for human health as well as environment. Polypropylene felt bags are highly adopted by the industries as it offers excellent chemical resistance to mineral acids, organic acids, alkalis, organic solvents, and microorganisms at reasonable cost.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Filter Bags market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Pall Corporation (United States), Eaton Corporation (Ireland), Mitsubishi Power (Japan), Donaldson Company (United states), General Electric (United States), Filtcare (India), Reliance Filter Tech (India), Brother Filtration (China) and Rosedale Products (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Trinity Filtration (India), Parker Hannifin Corporation (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Filter Bags market by Type (Liquid Filter Bags and Air Filter Bags) and Region.
On the basis of geography, the market of Filter Bags has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Filter Bags market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Polypropylene will boost the Filter Bags market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-user, the sub-segment i.e. Oil and Gas will boost the Filter Bags market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Use of Filter Bags to Filter Wastewater and Make It Reusable Removing Guts and Dirt
Market Growth Drivers:
Increasing Carbon Emission in the Air and Pollution Across the Globe Due to Growing Industrialization and Government Stringent Regulations towards the Environmental Protection
Challenges:
Evolution of Renewable Energy Sources like Solar, Wind, Etc.
Restraints:
The Filter Bags Have High Resistance and Unable to Retain the Extremely Fine Particulate
Opportunities:
Implementation of Hazardous Chemicals and Toxic Pollutants in Various Industries Across the Globe
Market Leaders and their expansionary development strategies
In August 2019, Mann+Hummel, the leading provider of filtration solutions based in announced the acquisition of Hardy Filtration to expand the company's global footprint and manufacturing capabilities of the Tri-Dim Filter Corporation. Hardy offers a large variety of filtration products for various applications, including air filters, paint booth filters and dust collector bags. The acquisition will further expands Mann+Hummel’s offering in innovative air filtration solutions and help to expand business in the air and water filtration industries.
In June 2018, Eaton Corporation launched its new filter bag to expanded its high-performance and versatile filter bag offering with the new MAX-LOAD coreless filter bag. The new MAX-LOAD coreless filter bags are made of melt-blown polypropylene or polyester which is capable to form a protective shield against hard, metallic, as well as deformable, gel-like contaminants. The new bag filters are suitable for applications involving high retention ratings, such as water treatment, filtration of bulk and fine chemicals or metal cleaning.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Filter Bags Manufacturers, Suppliers and Distributors of Filter Bags, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.