The global liquid and air filter bags market was estimated at US$ 4,764 million in 2019. The global liquid and air filter bags market is estimated to reach US$ 9,523 million by 2030 growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2021-2030.
The method of removing solid particles from a liquid medium is achieved through liquid or airbags. Polypropylene, nylon, polyester, and cotton are the major material used in the making of the filter bags. The material of the bag is opted according to the purpose. The method is widely adopted to remove contaminants from the solution.
Factors Influencing
Government initiatives to protect the environment have contributed to the growth of the global liquid and air filter bags market. Authorities of various countries, mainly in North America and Western Europe, have implemented Environment safety Laws to minimize pollution. Thus, frequent upgrades in the laws have created significant opportunities for the key players in the global liquid and air filter bags market. Environmental Protection Agency in the USA implements most of the air pollution control regulations (EPA). Apart from that, The Clean Air Act (CSAPR), the Overall Mercury and Air Toxic Standards (MATS), the Clean Air Interstate Rules (CAIR), and the National pollution requirements for hazardous air contaminants are the major acts contributing to the growth of the global liquid and air filter bags market.
The growth of the global air and liquid filter bags market is attributed to the growing demand from mining industries and cement manufacturing facilities. The increasing infrastructure activities across the globe would influence the establishment of mining and cement manufacturing industries. As a result, the use of filter bags as a medium would ultimately increase during the forecast period.
Poor implementation of reforms may slow down the growth of the global liquid and air filter bags market.
The Environmental Protection Agency (ESA) has implemented Mercury and Air Toxic Regulations to decline the expansion of mercury and other toxic air pollutants produced by coal and oil power plants. Thus, the introduction of Mercury and Air Toxics Regulations (MATS) in the United States would create significant opportunities for the market players.
Regional Analysis
The Asia-Pacific (APAC) region contributes to the global liquid and air filter bags market with the highest revenue. The highest sales rate in the region is due to the rapidly growing industrial and urbanization. As a result, it has increased the demand for liquid and air filter bags. Moreover, the applications of these bags in commercial, manufacturing, pharmaceutical, and mining factories are gaining growth continuously.
The booming pharmaceutical industry in the region is also contributing to the growth of the market. The prevalence of diseases is growing continuously because of the rapidly rising population. As a result, filter bags are in high demand for their use in the pharmaceutical industry.
COVID-19 Impact Analysis
Due to COVID-19 severe impact, various industries had to stop the activities to prevent the virus spread. However, the demand for liquid and air filter bags grew from the pharmaceutical industries as they had to expand their services during the pandemic.
Competitors in the Market
Market Segmentation
Based on Type
Based On Bag Size
Based on Application
Based on Region
