Gas Phase Filtration Market Growing at 4.55% CAGR by 2023

Pune, India -- (SBWire) -- 08/24/2018 --Gas Phase Filtration Market is expected to grow from USD 1.73 billion in 2018 to reach USD 2.17 billion by 2023 from, at a CAGR of 4.55%. Top Companies of Gas Phase Filtration Market are Camfil (Sweden), American Air Filter (AAF) Company (US), Donaldson Company (US), Freudenberg (Germany), Clarcor (Parker Hannifin Corporation) (USA), Bry-Air (Asia) (India), Purafil (US), Circul-Aire (Canada), Kinberley-Clark Corporation (US), and Promark Associates (USA).

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Target Audience of the Report:
- Gas phase filtration system manufacturing companies
- Air filter manufacturing companies
- Raw material and manufacturing equipment suppliers
- Government and research organizations
- Organizations, forums, alliances, and associations in the filtration sector
- Technology investors
- Governments, financial institutions, and investment communities
- Analysts and strategic business planners
- End-user industries such as pulp & paper, chemicals and petrochemicals, metals & mining, food & beverages, healthcare, semiconductor manufacturing, utilities, along with data centers

The awareness of the impact of poor indoor and outdoor air quality on human health and need for clean air and the high emphasis on filtration of corrosive, toxic, and odor-generating gases in industries are the key factors contributing to the growth of the gas phase filtration market. However, unfavorable economic conditions is the key restraint for the growth of the gas phase filtration market. The rapid industrialization in developing countries such as China and India and continued augmentation of regulations pertaining to the reduction in CO2 emissions are the major opportunities for the studied market.

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Gas Phase Filtration Market, by End User
- Pulp & Paper Industry
- Chemicals and Petrochemicals Industry
- Metals & Mining Industry
- Food & Beverages Industry
- Healthcare Industry
- Utilities Industry
- Semiconductor Manufacturing Industry
- Data Centers
- Others (Commercial Buildings, Museums, and Libraries)

The report on the gas phase filtration market covers the market segmented on the basis of the following segments: type, media, application, end user, and geography. The market has been segmented on the basis of type into packed bed filters and combination filters. Based on media, the gas phase filtration market has been classified into activated carbon, potassium permanganate, and blend. Based on application, the gas phase filtration market has been classified into corrosion and toxic gas control, and odor control. On the basis of end users, the gas phase filtration market has been classified into pulp & paper industry, chemicals and petrochemicals industry, healthcare industry, metals & mining industry, food & beverages industry, utilities industry, semiconductor manufacturing industries, data centers, and others.

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The gas phase filtration market in APAC expected to grow at the highest CAGR during the forecast period
APAC is expected to be the fastest-growing market for gas phase filters during the forecast period. The gas phase filtration market in APAC is segmented into India, China, Japan, South Korea, and Rest of APAC. This growth is due to the high economic growth witnessed by several emerging economies in the region such as China and India. Further, several international companies have built their manufacturing plants 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.

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"The market for combination filters is expected to grow at the highest CAGR"
Among the types of gas phase filters, 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.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews have been conducted with key industry experts. The breakup of the profiles of primary participants has been given below:
- By Company Type: Tier 1—45%, Tier 2—30%, and Tier 3—25%
- By Designation: Managers—60% and C-Level Executives—40%
- By Region: North America—30%, APAC—35%, Europe—20%, and RoW—15%

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