New York, NY -- (SBWire) -- 12/08/2016 --Global liquid and air filter bags market is expected to grow at a CAGR of 7.1% in value terms during 2016 - 2022. Among the various types, the liquid segment held the largest share in the global Liquid and air filter bags market in 2015.
The stringent government regulations and increased environmental standards are the key drivers for the growth of the global liquid and sir filter bags market. The rapid urbanization and industrialization activities are the reasons for the growing health concerns and deteriorating environmental conditions. The different governments across the globe have introduced environmental regulations and industrial standards to control the emission of contaminants or pollutants into the atmosphere. Some of these regulations and standards followed globally include Euro 5, Euro 6, CEPA, CAA, ASHRAE.
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Moreover, the implementation of stringent environmental regulations across the globe is propelling the demand of efficient solutions for industries, such as cement, mining, automobile and coal based power plants. This further compels the industries to implement environmentally viable technologies and manufacturing techniques. However, some of the emerging economies in countries such as China, India and Indonesia, governments have introduced acts and policies.
Asia-Pacific consisting of emerging countries is one of the fastest growing markets for liquid and air filter bags, with China and India as major contributors both for raw material, manufacturers and suppliers. The growing demand for several consumer products in the region have led to the increased production of metals, chemicals, and other heavy products which is consequently expected to boost the demand of liquid and air filter bag products. The foreign investments from global companies are also expected to propel the demand for bag filters in the region.
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Some of the key companies operating in the global liquid and air filter bags market include Cummins Inc., CLARCOR Inc., Donaldson Company Inc., Pall Corporation, Parker Hannifin Corporation, Eaton Corporation Plc., DuPont de Nemours, Emirates Industrial Filters Ltd. and Filter Concept Pvt. Ltd.
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Global Liquid and Air Filter Bags Market Expected to Witness 7.1% CAGR in Value Terms During 2016 – 2022
Global Liquid and Air Filter Bags Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Segment (Liquid Filter Bags, Air Filter Bags), by Bag Size (7OD*17’’, 7OD*32’’, 4OD*8’’, 4OD*14’’, Others)