Global gas phase filtration market valued around USD 2.15 Billion in 2018 and is estimated to grow at a CAGR of around 4.5 % between 2019 & 2026.
The global gas phase filtration market valued around USD 2.15 Billion in 2018 and is estimated to grow at a CAGR of around 4.5 % between 2019 & 2026.
The report covers forecast and analysis for the global gas phase filtration market on a global and regional level. The research report presents a comprehensive valuation of the market, competition, opportunities, emerging trends, and industry-validated market figures. The study provides historic data of 2016 to 2018 along with a forecast from 2019 to 2026 based on volume (Units) and revenue (USD Billion).
The global gas phase filtration market is likely to have prominent growth in the coming years and is expected to grow at a single-digit CAGR within the forecast period. There is immense scope in the gas phase filtration market due to its growing demand in the market because of the rapid industrialization and increased industrial waste. This primarily releases the harmful toxic gases such as methylene chloride, benzene, formaldehyde and perchloroethylene which then get mixed with the environment, thereby affects the quality of air and originates several health problems such as eye, throat and nose irritation, headaches, nausea, damage to kidney and liver and skin reactions. These health issues have created the utilization of the combination filters as it handles numerous gases owing to the parameters such as lower maintenance, lower pressures drop, and replacement costs of the CIF filters. Additionally, the stringent rules imposed by government bodies related to environment protection have become one of the factors to upsurge the market.
The global gas phase filtration market has been categorized on the basis of the type, media, application, and end-use industry. Based on the type, the gas phase filtration market is segmented into a packed bed and combination filters. The packed bed filters are expected to have a larger market size owing to the superior efficiency of eliminating the harmful gases and controlling odors in several industries. Moreover, the packed bed filters are cheaper compared to combination gas-phase filters. Based on the media, the gas phase filtration system is segmented into activated carbon, potassium permanganate, and blend. The activated carbon holds maximum share as it performs absolutely well under various humidity and temperature conditions. The activated carbon is easily available in the market and is very safe to handle. Based on the application, the gas phase filtration system is segmented into corrosion & toxic gas control and odor control. Based on the end-use industry, the gas phase filtration system is segmented into pulp & paper industry, chemicals, and petrochemicals industry, metals & mining industry, food & beverage industry, healthcare industry, and semiconductor manufacturing industry.
The rise in the demand for the product owing to the awareness about the impact of the worst quality of air on human health and high focus on filtration of toxic, corrosive and odor-generating gases in various industries are the drivers for the gas phase filtration market. Most of the companies have started investing so as to avoid the emission of harmful toxic gases and become the helping hand for the sustainable development of the environment. The factor which might hamper the growth of the gas phase filtration market is the unfavorable economic factors. For instant, the need for gas-phase filtration system majorly depends on the growth of the industries. If there is slow down in the production sector, the industrial growth will hinder which will ultimately restrain the growth of the gas phase filtration market.
The key players in the global gas phase filtration market are Camfil, American Air Filter (AAF) Company, Donaldson Company, Freudenberg, Clarcor (Parker Hannifin Corporation), Bry-Air, Purafil, Circul-Aire, Kinberley-Clark Corporation, and Promark Associates.
This report segments the global gas phase filtration market as follows:
Global Gas Phase Filtration Market: Type Segment Analysis
Global Gas Phase Filtration Market: Media Segment Analysis
Global Gas Phase Filtration Market: Application Segment Analysis
Global Gas Phase Filtration Market: End-Use Industry Segment Analysis
Global Gas Phase Filtration Market: Regional Segment Analysis