Le Lézard
Classified in: Oil industry
Subject: SVY

$2.1 Billion Gas Phase Filtration Market, 2023 by Type, Media, Application, End User, and Geography


DUBLIN, July 16, 2018 /PRNewswire/ --

The "Gas Phase Filtration Market by Type (Packed Bed, and Combination), Media (Activated Carbon, Potassium Permanganate, and Blend), Application (Corrosion & Toxic Gas Control and Odor Control), End User, and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

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The overall gas phase filtration market is to grow from USD 1.73 billion in 2018 to USD 2.17 billion by 2023, at a CAGR of 4.55%

The growth of this market is driven by the awareness of the impact of poor indoor and outdoor air quality on human health and need for clean air, high emphasis on filtration of corrosive, toxic, and odor-generating gases in industries, and implementation of strict government regulations to protect environment and developments in the gas phase filtration ecosystem through organic and inorganic growth strategies such as agreements, contracts, joint ventures, product launches and developments, acquisitions, and expansions.

The market for combination filters is expected to grow at the highest CAGR during the forecast period. Due to the increasing traffic, population, industrialization, and industrial waste, many harmful toxic gaseous contaminants are released into the environment, thereby affecting the air quality and creating health issues. The demand for combination filters has been increased as these filters can handle multiple gases because of the lower pressures drops, lower maintenance, and replacement costs of the CIF filters.

The packed bed filters are likely to hold a larger market size during the forecast period owing to their high efficiency of removing aberrant gases and controlling odors in different industries such as pulp & paper, chemicals and petrochemicals, healthcare, metals & mining, and semiconductor manufacturing as highly toxic gases and volatile organic compounds (VOCs) are released in these industries. Moreover, these filters are cheaper than that of combination filters, which fuels their demand for removing indoor air pollutants.

Based on media, activated carbon is expected to command the gas phase filtration market during the forecast period. Activated carbon reacts well under various temperature and humidity conditions, is safe to handle, and easily available in varied sizes. Hence, this segment is likely to hold the largest market size in the near future.

Between applications, the gas phase filtration market for odor control is expected to grow at higher CAGR between 2018 and 2023. Odorous gases are released with the use of chemicals in industrial environments, which, in turn, has boosted the demand for gas phase filtration products for odor control applications in industries such as pulp & paper and wastewater treatment.

The market in APAC is expected to grow at the highest CAGR between 2018 and 2023. This growth is due to the high economic growth witnessed by several emerging economies such as China and India. Further, several international companies have built their manufacturing plant in APAC owing to the easily available raw materials and low-cost labor. Additionally, new power generation stations are also being set up in the region to fulfill the growing demand for energy from several industries. All these factors are expected to fuel the growth of the gas phase filtration market in APAC.

The demand for gas phase filtration system is heavily depends on industrial growth. Factors such as sluggish economic growth and decrease in the production lead to lower investments in the industrial sector, hampering the industrial growth. This has led to decreased new facility setups and expansion projects in industries, affecting the demand of gas phase filtration systems.


Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities in Market
4.2 Market, By Application
4.3 Gas Phase Filtration Market, By Media
4.4 Market, By Type
4.5 Market in APAC, By Country and End User
4.6 Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Awareness of Impact of Poor Indoor and Outdoor Air Quality on Human Health and Need for Clean Air
5.2.1.2 High Emphasis on Filtration of Corrosive, Toxic, and Odor-Generating Gases in Industries
5.2.1.3 Implementation of Stringent Government Regulations to Protect Environment
5.2.2 Restraints
5.2.2.1 Unfavorable Economic Conditions
5.2.3 Opportunities
5.2.3.1 Rapid Industrialization in Developing Countries
5.2.3.2 Continued Augmentation of Regulations Pertaining to Reduction in Co2 Emissions
5.2.4 Challenges
5.2.4.1 Designing Distinctive Gas Phase Filtration Solutions Across Industries
5.3 Value Chain Analysis

6 Gas Phase Filtration Market, By Type
6.1 Introduction
6.2 Packed Bed (Thin Bed) Filters
6.3 Combination (Deep Bed) Filters

7 Gas Phase Filtration Market, By Media
7.1 Introduction
7.2 Activated Carbon
7.3 Potassium Permanganate
7.4 Blend

8 Gas Phase Filtration Market, By Application
8.1 Introduction
8.2 Corrosion & Toxic Gas Control
8.3 Odor Control

9 Gas Phase Filtration Market, By End User
9.1 Introduction
9.2 Pulp & Paper Industry
9.3 Chemicals and Petrochemicals Industry
9.4 Metals & Mining Industry
9.5 Data Centers
9.6 Semiconductor Manufacturing Industry
9.7 Food & Beverages Industry
9.8 Healthcare Industry
9.9 Utilities Industry
9.10 Other End Users

10 Geographical Analysis

11 Competitive Landscape
11.1 Overview
11.2 Market Player Ranking Analysis
11.3 Competitive Scenario
11.4 Competitive Situation and Trend
11.4.1 Acquisitions and Expansions
11.4.2 Others

12 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/wk8lkm/2_1_billion_gas?w=5

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SOURCE Research and Markets


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