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Industrial Air Filtration Market will grow at 4.9% CAGR to Hit $5.40 Billion by 2025 - Global and Regional Analysis by, Size, Share, Trends, Strategy and Statistics: Adroit Market Research

Stringent government regulations coupled with rapid industrialization to drive the global industrial air filtration market at a projected CAGR of 4.9%

/EIN News/ -- Dallas, Texas, April 18, 2019 (GLOBE NEWSWIRE) -- By 2025, the global industrial air filtration market is projected to cross USD 5.0 billion majorly driven by growth of end-users such as cement industry, food & beverage industry, metal processing, and pharmaceutical industry among others.

Continuous growth in above mentioned end user industries across emerging as well as developed economies has resulted in an increased demand for industrial air filters. One such business is cement manufacturing. Cement manufacturing includes exposure of highly abrasive particles in the environment, hence replacement rate of filter bags is higher compared to other applications such as pharma companies etc. India is positioned in top 5 cement manufacturers across the world, and is expected to show potential growth in cement manufacturing as government is focusing on housing for all initiatives in rural areas.

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In 2017, high-efficiency particulate air filters accounted more than 19% share and is anticipated to show fastest growth by 2025. The high-efficiency particulate filters are most efficient filters in the market, they offer higher working efficiency compared to counterparts and are able to separate 99.99% of the undesired elements which is not possible by any other counterparts. Growth in pharmaceutical industry in addition to growing demand for clean rooms across regions is likely to fuel the market over the study period.

The “Global Industrial Air Filtration Market Size 2017 By Product (CC&F, Mist Collectors, Baghouse Filters, HEPA Filters, and Dust Collectors,), By Application (Food, Cement, Metals, Pharmaceuticals, Power, Paper, Pulp & Woodworking, Agriculture, Plastic, and Others), By Region (US, Germany, UK, France, Rest of Europe, China, India, Japan, Brazil, & Rest of MEA) and Forecast 2018 to 2025” study provides an elaborative view of historic, present and forecasted market estimates.

In 2017, the food industry accounted for majority of share and is likely to grow with the fastest CAGR by 2025. Food industry is one of the most lucrative industry in countries such as India, China, Germany and many other countries due to abundant availability of production bases and cheap labor. Change in consumer preference from unhealthy foods towards healthy foods resulted in construction of new production facilities which in turn required new air filtration systems. The food & beverage sector in India is anticipated to generate revenue of almost USD 1 trillion by the end of 2025, thus providing untapped potential in future.

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In 2018, Europe accounted for more than 24.0% market share and is likely to grow with the fastest CAGR over the study period. The regional market also holds a demand for industrial air filtration systems as European Union has mandated several rules and regulations for industries in order to minimize industrial emissions. One such step was taken by European Union in 2017, BAT (Best Available Techniques). The step has helped in providing the optimum air quality in large combustion plants. It has also assisted in reducing in NO ₂ and SO2.

Major players in the market are focusing on acquiring other players in the market to expand their geographic presence across various continents. In 2018, Donaldson Company, Inc., acquired BOFA International LTD which is a renowned manufacturer of fume extraction systems. The acquisition has helped the company to expand in new markets and applications.

Major points from Table of Contents:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. Industrial air filtration Overview, By Product
Chapter 5. Industrial Air Filtration Overview, By Application
Chapter 6. Industrial Air Filtration Market Overview, By Region
Chapter 7. Company Profiles

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