Global Gas Phase Filtration Market By Type (Activated Carbon, Potassium Permanganate, Blend), By Application (Food & Beverages, Pharmaceuticals, Chemicals, Oil and gas), By Region, And Segment Forecas...
Report Id: 44245 | Published Date: Jul 2024 | No. of Pages: 10 | Base Year for Estimate: Jul 2024 | Format:
The global gas phase filtration market was valued at USD 1.5 billion in 2023 and is projected to reach USD 2.7 billion by 2030, registering a CAGR of 7.2% during the forecast period of 2023-2030. Gas phase filtration systems are critical in various industries For corrosion control, odour removal and the need to capture harmful gases from parts of process gas streams in diverse operations. This is important for air quality control in the petrochemical, pulp and paper, food & beverage industries.
Global Gas Phase Filtration Market Dynamics:
Rapid industrialization, environmental regulations and advancements in technology.
Increasing Industrialization and Urbanization: Increasing the number of industries as well as urban growth has increased demand for effective gas-phase filtration systems due to higher discharge from polluting gases.
Stringent Environmental Regulations: Governments across the globe have imposed stringent regulations related to air pollution due to which there is an increased demand for improved filtration solutions.
Advancements in Filtration Technology: Continuous innovations and technological advancements in filtration media, along with systems are also advancing the efficiency & effectiveness of gas-phase filtration technologies.
Restraints:
High Costs and Maintenance Challenges.
High Initial Costs: For small and medium-scale enterprises, high capital investments in sophisticated gas phase filtration systems can be a barrier.
Maintenance and Operational Challenges: Frequent maintenance and operational complexities related to these systems are hampering the market growth
Opportunities:
Demand in Emerging Economies, Expansion of HVAC Systems and Development of sustainable & cost-effective solutions.
Growing Demand in Emerging Economies: Emerging economies such as the Asia-Pacific and Latin America offer substantial growth prospects with heaps of demand fueled by industrial activities, and urbanization trends.
Expansion of HVAC Systems in Commercial Buildings: The function of the gas phase filtration market is attributable largely to an increasing application for HVAC systems across commercial buildings to preserve indoor air quality.
Development of Sustainable and Cost-Effective Solutions: Innovation in filtration to produce such effective with a reasonable cost solution can increase market growth.
Market By Type Insights:
Packed bed filters occupy a major portion of the market.
Packed Bed Filters: These filters utilize a bed of some granular media to take out contaminants, and are widely used in industrial applications because of their increased rate.
Combination Filters: This type of filter uses multiple filtration technologies and is becoming a popular choice for filters.
Market By Media Type Insights:
Activated carbon accounts for a major portion of the market.
Activated Carbon: Widely used for having very high adsorption and is one of the most effective gas/odour capture sorbent.
Potassium Permanganate: This media has a strong oxidizing capacity and it is used at times when specific types of contaminants need to be removed from well water.
Market By Application Insights:
Corrosion and toxic gas control are the main areas of application.
Corrosion & Toxic Gas Control: Gas phase filtration systems are essential for guarding sensitive equipment, processes & critical environments from corrosive gases & toxic chemicals.
Odour Control: In waste management, the food processing industry or generally anywhere unpleasant odours emanate VOC oxidation systems efficiently control of these smells and eliminate them.
Market By End-Use Insights:
The petrochemical industry is the dominant end-use industry in the market.
Petrochemical Industry: In 2024, the petrochemical sector will drive the gas phase filtration market across the globe owing to stringent regulations and emission control. For the protection of catalysts, process optimization and in the case of various gaseous pollutants to any degree high-performance filtration systems are important.
Healthcare Sector: The healthcare industry is expected to witness robust expansion in the upcoming years, on account of the increasing demand to preserve air quality within medical facilities and laboratories, limit aerial pathogens as well as odour emissions and overcome hospital-acquired infections apprehensions.
Market By Regional Insights:
Asia-Pacific is the leading region in the market.
Asia-Pacific: Asia-Pacific accounted for the largest revenue market share of 52.1% in the global gas phase filtration market in 2024, mainly owing to the leading region of manufacturing companies operating in the market and this region is expected to register the fastest growth rate in the forecast period.
Competitive Scenario:
The global gas phase filtration market is highly competitive, with several key players striving to enhance their market presence through innovations and strategic initiatives. Major companies in the market include; Camfil AB, Freudenberg Group, Donaldson Company, Inc., Parker Hannifin Corporation, AAF International, Purafil, Inc., Tri-Dim Filter Corporation, Bry-Air (Asia) Pvt. Ltd., Pure Air Filtration, LLC, and Flanders Corporation.
Scope of Work: Global Gas Phase Filtration Market.
Key Market Developments:
September 2021- Germany's Freudenberg Filtration Technologies announced the acquisition of Protect Plus Air for over INR 50 crore, at an enterprise value. The company aims to strengthen its business of filtration solutions for residential buildings in the growing ventilation market area, by this acquisition. It is a company from the United States, and it makes high-quality air filters.
June 2022-A report published by the US Environmental Protection Agency, titled "National Air Quality: Status and Trends of Key Pollutants. Underlining that emissions remain the main problem related to a number of air quality issues, it said "Air pollution is not only an environmental concern but also causes serious health indicators."
May 2022-DIGITAL JOURNAL INC. Digital Journal published a report on the Hybrid Electrostatic Filters market, which has been compiled by industry analysts and researchers to present the market overview of EMC products. The demand for these electrostatic filters is increasing which can reduce the requirement of gas-phase filtration media, as per one Ofcompany's version.
Frequently Asked Questions (FAQs)
Q1: What is the current market size of the global gas phase filtration market?
A: The global gas phase filtration market was valued at USD 1.5 billion in 2023 and is projected to reach USD 2.7 billion by 2030, registering a CAGR of 7.2% during the forecast period.
Q2: What are the major drivers of the gas phase filtration market?
A: Major drivers include increasing industrialization and urbanization, stringent environmental regulations, and advancements in filtration technology.
Q3: Which region holds the largest market share in the gas phase filtration market?
A: North America holds the largest market share, driven by stringent environmental regulations, high industrialization levels, and advanced technological adoption.
Q4: What are the key applications of gas phase filtration systems?
A: Key applications include corrosion & toxic gas control and odour control in various industries such as petrochemicals, pulp and paper, and food and beverage.
Q5: Who are the top companies in the global gas phase filtration market?
A: Major companies include Camfil AB, Freudenberg Group, Donaldson Company, Inc., Parker Hannifin Corporation, AAF International, Purafil, Inc., Tri-Dim Filter Corporation, Bry-Air (Asia) Pvt. Ltd., Pure Air Filtration, LLC, and Flanders Corporation.
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