Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 860.47 Million | USD 1,369.39 Million | 5.98% | 2022 |
The global Homopolymer Acrylic Filter Bags Market size was worth around USD 860.47 Million in 2022 and is predicted to grow to around USD 1,369.39 Million by 2030 with a compound annual growth rate (CAGR) of roughly 5.98% between 2023 and 2030.
Homopolymer acrylic filter bags possess outstanding abrasion resistance, power absorption, and moisture heat hydrolysis features. Homopolymer acrylic filter bags find large-scale application in cement, pharmaceutical, energy production, metal, and oil & gas sectors due to its cleaning efficacy. They assist in enhancing the system filtration capacity by nearly fifty to one hundred fifty percentages without any need for changing dust collectors.
Homopolymer acrylic filter bags have high dimensional stability as well as durability. They help in removing particulates and offer resistance against high temperatures.
Thriving power & energy sector as a result of massive power use in commercial spaces such as supermarkets, hypermarkets, and shopping malls have propelled the growth of homopolymer acrylic filter bags market in recent years. Additionally, the market is projected to gain traction over the assessment period as a result of the product’s anti-static & mechanical features that helps its prominent use in energy production procedures. Furthermore, the rise in energy usage with a massive demand for electricity in commercial and industrial sectors will reinforce the industry surge.
Moreover, the product helps in capturing airborne dust present in metals, pharmaceuticals, chemicals, and cement sectors. The product finds a wide range of applications in the manufacturing sector as a result of its high resistance to organic acids & minerals. With the product’s ability to controlling the food & beverage pollution with its dust holding capability, it sets apart from its equivalents. This will steer the market growth in the coming years. Nevertheless, the exposure of the product to high temperatures over an elongated period can diminish its efficacy, thereby putting brakes on the market profitability.
The homopolymer acrylic filter bags market can be sectored into the surface finish, coating, and application. Based on the surface finish, the industry is classified into plain and singeing & calendaring. In terms of coating, the homopolymer acrylic filter bags market can be divided into oleophobic, anti-static, flame retardant, hydrophobic, PTFE coating, and anti-acid. Application wise, the homopolymer acrylic filter bags industry is segmented into oil & gas, cement, power generation, metal, coal, chemicals, pharmaceuticals, food & beverage, and printing & dyeing sectors.
The homopolymer acrylic filter bags market growth in the Asia Pacific is likely to be influenced by the thriving chemical sector that will culminate into more demand for the product in the region. China, India, Japan, and South Korea are the major regional revenue pockets. Moreover, the market in Europe is anticipated to witness a massive surge over the coming decade, owing to high product usage in the pharmaceutical sector in order to prevent chronic ailments.
Furthermore, the rise in the petroleum operations in the country such as Brazil will prompt the growth of Latin American market over the forecast timeline. The region also witnesses the humungous use of the product in midstream procedures and refineries to seize fine dust particles. This will further catapult regional market growth.
Report Attributes | Report Details |
---|---|
Report Name | Homopolymer Acrylic Filter Bags Market Size Report |
Market Size in 2022 | USD 860.47 Million |
Market Forecast in 2030 | USD 1,369.39 Million |
Growth Rate | CAGR of 5.98% |
Number of Pages | 188 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | SLY Incorporation, Amrit Filter, W. L. Gore & Associates, Inc., ZonelFiltech, HL Filter USA LLC, and Donaldson Company Inc. |
Segments Covered | By Surface Finish, By Coating, By Application and By region. |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Some of the main participants in homopolymer acrylic filter bags market are -
By Surface Finish:
By Coating:
By Application:
What Reports Provides
FrequentlyAsked Questions
Homopolymer Acrylic Filter Bags Market size was worth around USD 860.47 Million in 2022 and is predicted to grow to around USD 1,369.39 Million by 2030
(CAGR) of roughly 5.98% between 2023 and 2030.
The largest share of the Homopolymer Acrylic Filter Bags Market is held by Asia Pacific. Developing countries of Asia Pacific such as China, Japan, and India will be dominating the market scenario mainly due to the rising constructional activities. The growth of Asia-Pacific region is expected to be followed by the Middle East and North America. Also, significant growth is expected from Western Europe owing to the developments taking place in this region especially in countries such as Italy, Germany, the U.K, France, and Spain. However, growth in Africa, Latin America, and Eastern Europe is anticipated to be moderate over the forecast period.
SLY Incorporation, Amrit Filter, W. L. Gore & Associates, Inc., ZonelFiltech, HL Filter USA LLC, and Donaldson Company Inc.
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