PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1136682
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1136682
The global filter bags market size is projected to expand considerably over 2022-2030, on account of the implementation of strict government regulations to limit plastics usage.
A notable example is the implementation of the Single-use Plastics Prohibition Regulations by the Canadian Government, to ban the manufacture, import, sale, and export of single-use plastic items from the country. Strict mandates like these are likely to encourage consumers to rely on paper for packaging and other applications.
Since filtration is an indispensable process in pulp and paper production processes, the prohibition of plastic usage and burgeoning paper production is expected to augment the use of filter bag systems. Apart from paper processing, filtration is a key requirement in textile, tire, and paints and dyes manufacturing, further supporting the growth of industrial filter bag manufacturers.
The filter bags industry is segregated based on type, media, material, application, and region.
In terms of type, the market value from the reverse air segment is slated to rise considerably over the next 8 years. The product is adopted in high-temperature and combustible dust applications, making it ideal for coal filtration. Other favorable properties such as low energy use, reliable and effective cleaning, and high performance will also escalate the consumption of reverse air filter bags in industrial sectors.
The filter bags industry share from the woven media segment is anticipated to rise by 2030. The increasing reliance on coal-fired power plants to ease power supply disruptions in Europe is one of the key growth drivers. Apart from coal-fired utilities, filter baghouses are utilized in chemical processing. With the rapid expansion of chemical plants, the consumption of woven filter bags is likely to increase, especially in North America.
Based on the material, the market value from the polyester segment was over USD 800 million in 2021, owing to its applicability in elevated temperatures and its chemical resistance. Other key attributes including resistance to minerals and organic acids make the material ideal for use in chemical industry processes. The global adoption of polyester filter bags is expected to further grow, as a result of the strong demand from the plastics, detergents, and paints industries.
Filter bags industry value from metals applications is projected to register more than 6% CAGR through 2030, due to the applicability of high temperature-resistant Nomex filter bags in sponge iron, steel, aluminum, and non-ferrous metallurgical sectors. In recent years, the need for metals in the automotive industry has also surged, further asserting a positive influence on filter bag manufacturers.
From a regional frame of reference, the Latin American filter bags industry is poised to exhibit over 5.5% CAGR through 2030. The mounting production and export levels of steel and iron in countries including Brazil will proliferate the use of filter bags in smelters and coke ovens for metal working applications.
The growing awareness regarding the significance of hygiene has also fueled the production of soaps and detergents. These factors will stimulate the requirement for filtration solutions in material handling applications in the soap industry across the LATAM region.