The Global Gas Phase Filtration market is open to the extensive growth opportunities offered by the varied industries such as crude oil refineries, pulp and paper industry, chemical and petrochemical industries, healthcare, etc., which can result into a lucrative market growth over the coming years.
According to MarkNtel Advisors’ research report titled “Global Gas Phase Filtration Market Analysis, 2020”, the Global Gas Phase Filtration market is anticipated to grow at a CAGR of around 5.96% during 2020-25. The upcoming construction and the facility expansion plans in the oil and gas and other industrial sectors such as the facility expansion plan of Hindustan Petroleum, ExxonMobil, HPCL, Nayara Energy, etc. are expected to add to the demand for gas phase filtration in the Asia-Pacific region. The extraction and refining process of oil and gas resources release toxic gases like nitrogen dioxide, sulphur dioxide, etc. which causes corrosion in control systems & machinery, thereby generating a high demand for gas-phase filtration in industries.
Moreover, the pollution and environment monitoring authorities across several developed and the developing nations have formulated stringent regulations and proper set of guidelines for regulating the internal environment conditions and to increase the end-user awareness across industry verticals. Therefore in order to avoid penalties and fines, this factor has propelled the industries to install industrial air filtration on a large-scale basis.
Packaged Bed Filters to Maintain the Leading Position During 2020-25
The packaged bed filters captured the largest market share in the Global Gas Phase Filtration market in 2019, as stated in the MarkNtel Advisors’ research report on “Global Gas Phase Filtration Market Analysis, 2020”. The segment is also anticipated to maintain its dominance during the projected period 2020-25, factoring to its high operation efficiency and expertise in eradicating toxic gases and odor release during the production process in varied industries. Furthermore, such filters offer cost advantage to the customers due to its low pricing in comparison to the combination filters.
The paper and pulp industry has been the major end-user industry in the Global Gas Phase Filtration market followed by the chemicals and petrochemicals industry in 2019. The chemical and petrochemical industry became the fifth largest industry across the globe with its contribution of around USD 7.5 trillion to the world’s GDP in 2019.
The flourishing industrial base for paper and pulp manufacturing facilities in the Asian and South American countries, in addition to the growing investments on R&D activities in the chemical industry, would contribute to the gas-phase filtration market in the years to come.
According to MarkNtel Advisors, some the of key competitors operating in the Global Gas Phase Filtration market include Camfil Farr, American Air Filter (AAF) Company, Donaldson Company, Freudenberg Group, Clarcor (Parker Hannifin Corporation), Bry–Air (Asia), Purafil Inc. (Filtration Group Corporation), Circul–Aire, and others.
Key Questions Answered in the Market Research Report
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Revenue, Forecast Numbers, Market Segmentation, Market Shares) of Global Gas Phase Filtration Market?
2. What are the region wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Global Gas Phase Filtration Market?
4. Who are the key competitors or market players and how they perform in Global Gas Phase Filtration Market, competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of Global Gas Phase Filtration Market study?