Filter Bags Market Size Worth $5,652.27 Million By 2032 | CAGR: 5.5%

Filter Bags Market Size Worth $5,652.27 Million By 2032 | CAGR: 5.5%

The global filter bags market size is expected to reach USD 5,652.27 million by 2032, according to a new study by Polaris Market Research. The report “Filter Bags Market Share, Size, Trends, Industry Analysis Report, By Type (Pulse Jet, Reverse Air, and Shaker); By Fluid; By Application; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Extensive rise in industrial activities across various sectors, including power generation, chemical, and mining, has resulted in multiple health concerns and deteriorating environmental conditions, due to which many governments bodies have imposed stringent regulations and environmental standards to get control on air and water pollution, that has boosted the adoption of these filters worldwide. In addition, many major players are also heavily investing in R&D activities and innovative products with new and improved capabilities that would help achieve the required environmental standards and will further create new growth opportunities for the market.

For instance, in February 2023, JASUN Envirocare unveiled its new energy-saving range of synthetic filter bags, mainly designed to help customers save money and their planet. New bag filters offer unparalleled energy ratings, pressure drop and filtration efficiency, and environmental benefits.

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The escalating demand and penetration for pulse jet bag filters for coal and mining industries for enhancing the dust particle collecting efficiency and developing various centralized dust collectors for improved and easy bag filter installation provide a positive outlook to the market. Additionally, many large and small organizations proactively undertaking measures to adopt greener technologies into their operations are being provided with several tax rebates and incentives by environmental agencies.

Moreover, the growing popularity of using filter bags across many industries, where filtration is comparatively less critical, and bags can be easily disposed of, and widespread use of these filters in amines and glycols for effectively treating wastewater results in increased adoption of product and will stimulate the demand.

Filter Bags Market Report Highlights

  • The pulse-jet segment accounted for the largest market share in 2022 due to a surge in need for better operational efficiencies across various industrial applications.
  • The air filter bags segment held a significant market revenue share in 2022, mainly driven by a high prevalence of the reduction of carbon footprints.
  • The power generation segment is expected to grow at the highest CAGR during the anticipated period, which is highly attributed to its increasing adoption across various plants.
  • North American region led the industry market in 2022, owing to the stringent regulations imposed by the EPA and the availability of well-developed products and services.
  • The global key market players include Mitsubishi Hitachi Power Systems, Pall Corporation, Eaton Corporation, General Electric, Shanghai Filterbag Factory, and Wolf Filtration Limited

Polaris Market Research has segmented the filter bags market report based on type, fluid, application, and region:

Filter Bags, Type Outlook (Revenue - USD Million, 2019 - 2032)

  • Pulse Jet
  • Reverse Air
  • Shaker

Filter Bags, Fluid Outlook (Revenue - USD Million, 2019 - 2032)

  • Air
  • Liquid

Filter Bags, Application Outlook (Revenue - USD Million, 2019 - 2032)

  • Power Generation
  • Cement
  • Mining
  • Chemical
  • Pulp & Paper
  • Municipal Waste
  • Others

Filter Bags, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa