Asia-Pacific to Generate High Demand for Gas Phase Filtration Market through 2024
Favorable government initiatives towards air quality
improvement coupled with growing applications in multiple industries to drive
global gas phase filtration market through 2024
According to
TechSci Research report, “Global Gas Phase Filtration Market By Type, By Filter Media, By End User Industry, By
Region, Competition Forecast & Opportunities, 2014 – 2024’’, the global
gas phase filtration market is forecast to reach $ 1.5 billion by 2024, owing
to rising concerns associated
with indoor air quality and increasing use of gas phase filtration across
diverse industrial set-ups. Moreover, increasing R&D activities, new
product launches, and introduction of stringent norms related to air quality
monitoring are anticipated to fuel the global gas phase filtration market
during the forecast period. Additionally,
growing consumer health cognizance and increasing threat of respiratory
disorders are endorsing health implications of gas phase filters across
residential and commercial space, which is further anticipated to fuel global
gas phase filtration market through 2024. The pulp and paper industry is one of
the major polluting industries and emits highly toxic gases such as sulphides
and VOCs and is expected to remain
the largest demand generating end user industry for gas phase filters through
2024.
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Gas
phase filters with granular activated carbon dominated the global gas phase
filtration market in 2018, and the segment is anticipated to maintain its market
dominance in the coming years as well, owing to outstanding ability of granular
activated carbon to remove gaseous pollutants and volatile organic compounds present
in the air. Among filter media, share of potassium permanganate filter media is
anticipated to expand the global gas phase filtration market, owing to
exemplary blending features, which enable highly effective pollutant removal
from vehicle exhaust, etc. Few of the major gas phase filter manufacturers operating across the
globe include AAF, Freudenberg, Camfil, Dafco Filtration, Pure Air Filtration, and
Clarcor, among others.
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“Asia-Pacific is
expected to be one of the fastest growing regions in the global gas phase
filtration market during the forecast period, as the region is witnessing
robust industrial expansion for petrochemical, electronics and forest &
paper products
due
to increasingly favorable business environment. Additionally, shifting of manufacturing bases from
western countries to emerging economies in Asia-Pacific on account of skilled labor availability and
lower production costs is deteriorating
air quality in countries such as China and India is expected to drive the
growth of gas phase filters at an agile rate over the next five years.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Global
Gas Phase Filtration Market By Type, By Filter Media, By End User Industry, By
Region, Competition Forecast & Opportunities, 2014 – 2024” has
evaluated the future growth potential of global gas phase filtration market and
provides statistics and information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment evaluation. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in the global gas phase filtration market.
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