Liquid and Air Filter Bags Market by Type (Liquid, Air), by Bag Size (7OD*32’’, 7OD*17’’, 4OD*14’’, 4OD*8’’), by End User (Chemicals & Pharmaceuticals, Mining, Water Treatment, Steel & Power, Cement), by Geography (U.S., Canada, Germany, U.K., Italy, France, China, Japan, India, Brazil, Mexico, Saudi Arabia, South Africa) – Global Market Size, Share, Development, Growth, and Demand Forecast, 2013–2023

Liquid and Air Filter Bags Market Overview

The global liquid and air filter bags market was valued at $4,220.2 million in 2017 and is projected to reach $6,144.9 million by 2023, witnessing a CAGR of 6.5% during the forecast period. The market growth is driven by stringent government regulations as well as increased environmental standards regarding water and air pollution and growing disposable income of consumers.

GLOBAL LIQUID AND AIR FILTER BAGS MARKET, BY TYPE, MILLION UNITS (2013-2023)

The separation of solids in liquid filtration is the process of removal of solids from the liquid phase. This filtration is done using liquid and air filter bags or mesh filter bags. The commonly used filter media are polypropylene, polyester, nylon, cotton, non-woven, and others.

Based on type, the liquid and air filter bags market is categorized into liquid and air. Liquid filter bags was the largest type in the market, contributing more than 70.0% revenue in 2017.  Liquid filter bags find enormous use in filtration or removal of solids from liquids for applications such as adhesives, oils, bitumen, resins chemical, food, paper, petroleum, and water treatment.

On the basis of bag size, the liquid and air filter bags market is categorized into 7OD*32’’, 7OD*17’’, 4OD*14’’, 4OD*8’’, and others. The volume sales of 7OD*32'' was the largest category in the market, contributing more than 30.0% share in 2017. The 7OD*32'' category has been recording the highest volume sales in the market, among all types, as these are long filter bags that have excellent chemical compatibility, cost-effectiveness, and superior product quality.

Based on end user, the global liquid and air filter bags market is segmented into chemicals and pharmaceuticals, mining, water treatment, steel and power, cement, and others; ‘others’ include brewing and food and beverage. Chemicals and pharmaceuticals was the largest end user in the market, contributing more than 31.0% revenue, in 2017. In the chemicals and pharmaceuticals industry, liquid and air filter bags are widely used for the removal of dust and other unwanted foreign substances from the equipment machinery, thus attributing to the largest share of the industry in the market.

Globally, Asia-Pacific (APAC) was the largest market for liquid and air filter bags, contributing more than 29.0% revenue, in 2017. Emission regulations coupled with need for clean indoor air facilities is one of the major factors driving these filter bags market in APAC. Growth in power generation, oil and gas, and food and beverage industries help in propelling the economic development of the region. Almost all the countries in the region are investing in power generation, and process and pharmaceutical industries to advance their economic growth, which is expected to further drive the regional growth.

Liquid and Air Filter Bags Market Dynamics

The major trend witnessed in the liquid and air filter bags market is their increased use in coal fired power plants. Stringent government regulations as well as increased environmental standards and growing disposable income of consumers are the major drivers identified in the market.

Trend

The major trend witnessed in the liquid and air filter bags market is the increased use of these bags in coal fired power plants. For example, there is an increased demand for these filter bags in APAC for controlling air and water pollution in coal plants. Filter bags made of polyphenylene sulfide are being used in coal-fired powered fire stations and dust chamber filters in incinerators, due to their ability of withstanding both acidic environment and high temperature in coal fired power plants. This reduces the operating cost of power plants significantly, along with downtime for maintenance activities.

Drivers

One of the main drivers identified in the liquid and air filter bags market is the stringent government regulations as well as increased environment standards for controlling air and water pollution. With the rapid increase in industrial activities, health concerns, and deteriorating environment conditions, there has been witnessed an increase in the amount of air and liquid wastes. Governments worldwide have set environmental regulations and standards to control the emission of contaminants or pollutants into the atmosphere. This has resulted in industries adopting the use of these filters to reduce the dust particles being settled out in equipment machinery, thereby driving the market growth.

Restraint

Variation in raw material prices is expected to serve as some major restraint in the liquid and air filter bags market. Polypropylene, polyester, and nylon are some of the common raw materials used in the manufacturing of filter bags. Volatility in the price of the raw materials results in additional cost in the production process of filter bags. In the recent years, there has been a variation in the prices of raw materials, such as polypropylene and polyester, which has forced the leading filter bag producers to raise the prices of their products, thus hindering the market growth.

Liquid and Air Filter Bags Market Competitive Landscape

Some of the major players operating in the global liquid and air filter bags market are Emirates Industrial Filters Ltd., Cummins Inc., CLARCOR Inc., Donaldson Company Inc., Pall Corporation, Parker Hannifin Corporation, Eaton Corporation, DuPont de Nemours, Filter Concept Pvt. Limited, and FILPRO Corporation.