Filter Bags Market to Reach US $2,950.1 Mn by 2024 Oil and Gas Industry to Remain Leading Revenue Contributor

The global filter bags market is projected to expand at a CAGR of 5.6% from 2016 to 2024. The market stood at US$1,811.7 mn in 2015, is projected to reach a valuation of US$2,950.1 million by the end of the assessment period.


Albany, NY -- (SBWIRE) -- 01/15/2018 -- The global market for filter bags is chiefly driven by the rising adoption of high-quality filter bags across numerous industries owing to the increased focus on reducing emissions and providing safer and high-quality work environment to employees. Reduction in costs of products and emergence of highly efficient products have encouraged the increased adoption of filter bags across small- and medium-sized enterprises.

The filter bags market report provides an in-depth analysis of the global filter bag market for the period 2014 – 2024, wherein 2015 is the base year and the years from 2016 to 2024 is the forecast period. Data for 2014 has been included as historical information. The report covers all the prevalent trends playing a major role in the growth of the filter bag market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market's growth during the forecast period. The study provides a holistic perspective on market growth in terms of revenue estimates (in US$ Mn), across different geographies, which include North America, Western Europe, Eastern Europe, Asia Pacific (APAC), Australia, Middle East & Africa (MEA), and Latin America (LATAM). The report provides cross-sectional analysis of the global filter bag market in terms of market estimates and projections for all the segments across different geographic regions. The report also covers profiles of major players, their growth strategies, their market positioning, and the various recent developments, and includes market positioning analysis of key players operating in the filter bag market.

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"Air Filter Bags to Retain Dominance among Key Product Varieties"

"Oil and Gas Industry to Remain Leading Revenue Contributor"

"Emerging Economies to Provide Most Promising Growth Opportunities"

This research study on the global filter bag market provides a detailed analysis of various type of filter bag available in the market. Based on the size, the market is further divided into the 7" OD x 17", 7" OD x 32", 4" OD x 10" bag, 4" OD x 17", 6" OD x 20". On the basis of media, the market is segmented into woven and non-woven media, based on type, the market is segmented into liquid and air filter bag and based on application it is segmented into oil & gas, cement, mining, power plants, automobiles, aerospace, defense & marine, water treatment and others. The report includes a comprehensive coverage of the underlying economic development factors under the key trend analysis section.

The report aims to provide a comprehensive analysis of the global filter bag market across geographical regions, which are further segmented to cover in-depth country level analysis. North America region is segmented into the U.S. and Canada. Similarly, Western Europe has been further segmented into the U.K., Germany, France, Italy and Spain. Eastern Europe has been segmented into Russia and Rest of Eastern Europe, Asia Pacific has been segmented into China, India, Japan, Australia and Rest of Asia Pacific; MEA is divided into the UAE, Saudi Arabia, South Africa, and Rest of MEA. Latin America has been further categorized into Brazil and Rest of Latin America. The revenue and volume estimates for these region is also included in the report. The report also provide regional level key trend analysis.

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The report also highlights the competition matrix of the filter bag market, positioning all the major players according to their geographic presence, historical roadmap, competitors, market position key recent developments, and segment growth. The report also provides key recommendations for various new entrants, small and medium and large market player in the global filter bag market

Under the company profiles section, the report provides an overview of the players operating in the market, the strategies deployed by them to gain competitive advantage, the annual revenue generated by them in the past two or three years, and their relevant business segment revenue. The report also provide supplier and vendor analysis of the global filter bag across geographical presence. The key players profiled in this report include Babcock & Wilcox Co., Pall Corporation, Thermax D Ltd., Eaton Corporation, Mitsubishi Hitachi Power Systems Ltd., Donaldson Company Inc., Filter Concept Pvt Ltd., General Electric, Camfil Farr Inc., BWF Envirotech, W.L. Gore & Associates, Inc., Lenntech B.V., Rosedale Products Inc., Parker Hannifin Corporation and Clarcor Inc.

The global filter bag market has been segmented as follows:

Filter Bag Market, by Size

4" OD x 10" Long Filter Bag
4" OD x 17" Long Filter Bag
6" OD x 20" Long Filter Bag
7" OD x 17" Long Filter Bag
7" OD x 32" Long Filter Bag

Filter Bag Market, by Media


Filter Bag Market, by Type

Liquid filter bag
Air filter bag
Filter Bag Market, by Application

Oil and Gas
Power Plants
Aerospace, Defense and Marine
Water Treatment

Filter Bag Market, by Geography

North America
The U.S.
Western Europe
The U.K.
Rest of Europe
Eastern Europe
Asia Pacific (APAC)
Rest of APAC
Middle East & Africa (MEA)
United Arab Emirates (the UAE)
Saudi Arabia
South Africa
Rest of MEA
Latin America
Rest of Latin America

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