The Fabric Filters Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Fabric Filters Global Market Report 2024, The fabric filters market size has grown strongly in recent years. It will grow from $3.68 billion in 2023 to $4.03 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to urbanization and population growth, economic factors, public awareness and advocacy, maintenance and retrofitting demand, industrialization in emerging economies.
The fabric filters market size is expected to see rapid growth in the next few years. It will grow to $5.98 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to stringent environmental regulations, industry expansion and growth, focus on air quality improvement, transition from electrostatic precipitators, growth in waste-to-energy sector.. Major trends in the forecast period include circular economy initiatives, health and safety standards, international market expansion, advanced fabric materials, shift to online monitoring and diagnostics.
An increase in environmental concerns due to global warming is expected to propel the growth of the fabric filter market going forward. Global warming is when carbon dioxide (CO2) and other air pollutants accumulate in the atmosphere, absorbing sunlight and solar energy that has reflected off the earth’s surface, causing the increasing temperature of the oceans and atmosphere. Furthermore, fossil fuels such as coal, oil, and gas are the most significant contributors to global climate change, accounting for more than 75% of global greenhouse gas emissions and nearly 90% of total carbon dioxide emissions. Fiber filters are a way to remove tiny particulates from the air, which could prevent their emissions from reaching the surrounding environment. For instance, a report published by the World Meteorological Organization in January 2022 states that in 2021, the average global temperature was about 1.11 (0.13) °C higher than pre-industrial (1850–1900) levels. The year 2021 marks the seventh consecutive year (2015–2021) in which global temperatures have risen by more than 1 °C above pre-industrial levels. Therefore, an increase in environmental concerns due to global warming is driving the growth of the fiber filter market.
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The fabric filters market covered in this report is segmented –
1) By Type: Pulse Jet, Reverse Air/Gas, Other Types
2) By Media: Nonwoven, Woven
3) By End User: Power Generation, Chemical Industry, Pharmaceuticals, Food and Beverages, Steel Mills, Other End-Users
Technological advancement is a key trend gaining popularity in the fiber filter market. Major companies operating in the fabric filter market are focused on providing technologically advanced fabric filter solutions to strengthen their market position. The recent market has witnessed the use of advanced electrostatic fabric filters to reduce fly ash particle emissions. The electrostatic filter is an air filtration technology used to filter dust from critical industrial processes such as incinerators, glass manufacturing, combustion in general, cement factories, and others. For instance, in June 2022, researchers at North Carolina State University discovered a new method for filtering carbon dioxide from air and gas mixtures by combining cotton fabric with an enzyme called carbonic anhydrase. The preliminary laboratory tests represent a significant step in developing a potential carbon capture technology through a fabric filter that could reduce carbon dioxide emissions from biomass, coal, or natural gas power plants.
The fabric filters market report table of contents includes:
1. Executive Summary
2. Fabric Filters Market Characteristics
3. Fabric Filters Market Trends And Strategies
4. Fabric Filters Market – Macro Economic Scenario
5. Global Fabric Filters Market Size and Growth
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26. South America Fabric Filters Market
27. Brazil Fabric Filters Market
28. Middle East Fabric Filters Market
29. Africa Fabric Filters Market
30. Fabric Filters Market Competitive Landscape And Company Profiles
Top Major Players:
- Ahlstrom-Munksjö Oyj
- Lydall Inc
- Valmet Oyj
- Freudenberg Filtration Technologies GmbH & Co. KG
- American Fabric Filter Co
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