December 12, 2019

Fabric Filters Market To Touch US$16.34 Bn By 2025 | CAGR 6.18% - TMR

Transparency Market Research (TMR) investigates that the global fabric filters market has a competitive vendor landscape. Companies including Parker-Hannifen, Corporation, Cummins, Hamon Corporation, Affinia group, Pall Corporation, Siemens AG, and Nederman Corpo are some of the prominent players accounting for a leading share in the fabric filters market.

According to TMR, the global fabric filters market is estimated to expand at a CAGR of 6.18% over the forecast period from 2017 to 2025 to attain a value of US$16.34 bn by 2025-end. The market stood at US$9.6 bn in the year 2016.

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Based on the type, the pulse jet segment dominated the overall market in 2016 by accounting for 55% share and is expected to remain dominant over the forecast period. Based on the application, the pharmaceutical segment dominated global fabric filters market and is likely to be the dominant segment by the end of forecast period. Based on the region, the Asia Pacific is predicted to be the prominent region in the coming years by swelling at a 6.89% CAGR over the forecast period from 2017 to 2025.

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Growing Environmental Concern to Boost Adoption of Fabric Filter and Benefit Market Growth

Fabric filters are of incredible preferred when high productivity of molecule is required. Fabric filter system isolates strong from gasses or fluids in which the fluid or gas goes through a permeable fabric medium that holds the solids. Fabric filtration process works in a bunch or with interims with occasional expulsion of stored solids. It comprises of at least one compartments that contain lines of fabric pack. Widening application is raising growth of the fabric filter market, as the need to expel mercury use is resulting to adoption and demand for the fabric filter systems. This is a key factor driving growth of the global fabric filters market.