Fabric Filters Market Worth $3.2 Billion by 2024: at a Compound Annual Growth Rate (CAGR) of 6.4%
Northbrook, IL -- (SBWire) -- 09/10/2019 --The report "Fabric Filters Market by Type (Liquid and Air Filter Media), End-use Industry (Food & Beverage, Metal & Mining, Chemical, Pharmaceutical, Power Generation), Region (APAC, Europe, North America, MEA, and South America) - Global Forecast to 2024" The fabric filters market is expected to grow from USD 2.3 billion in 2019 to USD 3.2 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period. The major factors driving the fabric filters market include stringent regulations governing emission and treatment of industrial effluents, and need for a safe working environment in manufacturing sites.
Browse 68 market data Tables and 43 Figures spread through 120 Pages and in-depth TOC on "Fabric Filters Market - Global Forecast to 2024"
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=214437771
The liquid filter media segment accounted for the largest share in the global fabric filters market in 2018.
The fabric filters market has been segmented on the basis of type into two categories: liquid filter media and air filter media. Among these types, the liquid filter media segment accounted for the largest market share in 2018. Liquid filter media have higher number of applications compared to air filter media. Woven and nonwoven are the two most popular fabric filter media used for liquid filtration. Among the types of liquid filter media, the demand for woven fabrics is the highest due to its technologically advanced features and cost-effectiveness.
The food & beverage end-use industry is projected to register the highest CAGR in the global fabric filters market during the forecast period.
The food & beverage end-use industry is growing rapidly owing to the rising demand for ready-to-eat food, convenience food, and processed & semi-processed food. Fabric filters are used for filtration and purification of the water required during various processes in the industry. Filtration is done to remove impurities, control odors & humidity, minimize contamination of food, and protect the taste of the food.
APAC is the leading fabric filters market.
APAC is the largest market for fabric filters. The growing population, urbanization, and improving standard of living in the emerging economies of APAC and growing industrialization are boosting the fabric filters market. The major end-use industries of fabric filters in the region are food & beverage, metal & mining, and power generation.
Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=214437771
The major vendors in the fabric filters market include Ahlstrom-Munksjo (Finland), Lydall, Inc. (US), Valmet (Finland), Freudenberg Filtration Technologies (Germany), Kimberly-Clark (US), Clear Edge (US), Fibertex Nonwovens (Denmark), Hollingsworth & Vose (US), Johns Manville (US), Sefar AG (Switzerland), 3M(US), American Fabric Filter (US), APC Filtration (Canada), Autotech Nonwovens (India), Berry Global, Inc. (US), Donaldson Filtration Solutions (Ireland), Eagle Nonwovens Inc. (US), Irema Ireland (Ireland), MANN+HUMMEL (Germany), Norafin Industries (Germany), Nordic Air Filtration (Denmark), Sandler AG (Germany), Schweitzer-Mauduit International, Inc. (Georgia), and TWE group (Germany).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
Media Relations Contact
Mr. Shelly Singh
View this press release online at: http://rwire.com/1259380