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Gas Phase Filtration Market by Type, Media, Application, End User And Geography - Global Forecast to 2023

Gas Phase Filtration Market: Global Forecast until 2023

  • July 2018
  • 142 pages
  • ID: 5474779
In this report:
Among the regions considered in this study, APAC accounted for a share of ~##% of the overall gas phase filtration market in 2017 and is expected to exhibit the highest CAGR of ##.##% during the forecast period.
The market for gas phased filters containing blended media used for the corrosion and toxic gas control application is expected to grow from USD ##.## million in 2017 to USD ##.## million by 2023, at a CAGR of ##.##% during the forecast period.

Summary

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The gas phase filtration market is forecasted to grow at a CAGR (Compound annual growth rate) of ~4.6 percent between 2018 and 2023

The global gas phase filtration market is forecasted to grow from ~$1.7B in 2018 to attain ~$2.2B by 2023 from, at a compound annual growth rate (CAGR) of ~4.6 percent. The awareness of the impact of poor indoor and outdoor air quality on human health and need for clean air and the high emphasis on filtration of corrosive, toxic, and odor-generating gases in sectors are the top factors providing to the rise of the gas phase filtration market. Nevertheless, unfavorable economic conditions is the top restraint for the increase ot the gas phase filtration market. The quick industrialization in developing countries including China and India (IN) and continued augmentation of regulations pertaining to the reduction in CO2 emissions are the main opportunities for the studied market.

The industry for combination filters is anticipated to rise at the maximal compound annual growth rate (CAGR)

Among the types of gas phase filters, the sector for combination filters is anticipated to grow at the highest CAGR (Compound annual growth rate) during the outlook period.Due to the growing traffic, population, industrialization, and industrial waste, many harmful toxic gaseous contaminants are released into the environment, thereby affecting the air quality and creating health issues.

The industry demand for combination filters has been increased as these filters can handle multiple gases as a result of the lower pressures drops, lower maintenance, and replacement costs of the CIF filters.

The gas phase filtration market in Asia-Pac forecasted to grow at the highest compound annual growth rate (CAGR) during the estimate period

Asia-Pacific is anticipated to be the quickest developing market for gas phase filters during the outlook period.The gas phase filtration market in Asia-Pac is split into India, China (CN), Japan (JP), South Korea (KR), and Rest of Asia-Pacific.

This increase is due to the high economic increase witnessed by various emerging economies in the region including China and India (IN).Futhermore, different international firms have built their manufacturing plants in Asia-Pac due to the easily available raw materials and low-cost labor.

On top of, new power generation stations are also being set up in the territory to fulfill the increasing demand for energy from various markets. All these factors are anticipated to fuel the increase of the gas phase filtration market in Asia-Pacific.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions have been managed with main industry experts.

The breakup of the profiles of primary members taking part has been provided below:

• By Company category: Tier 1 - 45.0 percent, Tier 2 - 30.0 percent, and Tier 3 - 25.0 percent

• By Description: Managers - 60.0 percent and C-suite executives - 40.0 percent

• By Area: North America continent - 30.0 percent, Asia-Pac - 35.0 percent, Europe (EU) - 20.0 percent, and rest of the world - 15.0 percent

Segment Research

The analysis on the gas phase filtration market includes the market divided on the basis of the following segments: category, media, application, final user, and territory.The market has been split on the basis of type into packed bed filters and combination filters.

Established on media, the gas phase filtration market has been categorized into activated carbon, potassium permanganate, and blend.Established on application, the gas phase filtration market has been categorized into corrosion and toxic gas control, and odor control.

On the basis of end users, the gas phase filtration market has been categorized into pulp & paper market, chemicals and petrochemicals sector, healthcare market, metals & mining sector, food & beverages market, utilities sector, semiconductor manufacturing sectors, data centers, and others.

Main highlights

Figures of segmentation, study, and estimate for the market based on type, media, application, end-user, and area have been organized to give the global view of the gas phase filtration market.

The value chain study offers a detailed insight into the gas phase filtration market.

Main drivers, market restraints, alternatives, and opportunities for the gas phase filtration market have been precised in this industry report.

The market research includes an exhaustive competitive analysis and revenue of the main actors.

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