Industrial Air Filtration Market to Cross $8.4 Bn by 2026; Global Market Insights Inc.

Global Market Insights Inc. has recently added a new report on the industrial air filtration market which estimates the market valuation for industrial air filtration will cross US$ 8.4 billion by 2026. Increasing demand for products from cement, food, and metal industries is expected to drive industry growth.
Increasing environmental concerns and stringent regulatory norms regarding air treatment and disposal are expected to drive the air filtration industry growth. Harmful air mixed with chemicals and suspended matter needs to be filtered before it is released into the atmosphere. Moreover, operating efficient production facilities requires the use of industrial air filters for improving the air quality at lower costs thus enabling higher production volumes.
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Global industrial air filtration market size from baghouse filters product should surpass USD 1.425 billion by 2026. Baghouse filters are fabric filters used as a dust collector and air pollution control device which removes gas and particulates from air released from commercial process owing to its various industrial applications. Baghouse filter is used by various industries including power plant, chemical producers, food manufacturers and pharmaceutical producers which should drive the product demand.
The global industrial air filtration market from cartridge collectors is anticipated to witness growth by CAGR over 5.5% up to 2026 owing to its wide application in powdered paint and specialty chemical applications. Key aspects such as high production efficiency and longer lifespan as compared to other filters are likely to raise product market growth. Moreover, the cartridge filters are less costly as compared to other filters which are further expected to boost product demand for its application in small-scale businesses thereby propelling product market growth.
Industrial air filtration market from pharmaceutical applications should register over 6% gains by 2026 on account of increased risk of harmful health effects due to drug particulates released in the air during medicine production processes. The manufacturing of various pharmaceutical drugs involves a variety of processes, which generate dust. These processes involve spraying, mixing, blending, encapsulating, coating, etc. Furthermore, the increasing demand for drug development has significantly driven R&D spending in this sector thus demanding pharmaceutical filters.
The industrial air filtration industry consists of a large number of regional manufacturers as well as multinational corporations such as Parker Hannifin, Donaldson, Pall Corporation, Cummins, Camfill, American Air Filter Company Inc., Absolent Group,  Lydall Inc, Freudenberg & Co. Kg., and BWF Group. Some of the key strategies observed in the industry include acquisitions, collaborations, and new product development. Moreover, manufacturers have focused on expanding their distribution network and gain a competitive advantage.
. Some major findings of the industrial air filtration market report include:
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Partial chapters of report table of contents (TOC):
Chapter 2   Executive Summary
2.1    Industrial air filtration industry 360 degree synopsis, 2015 – 2026
2.1.1    Business trends
2.1.2    Regional trends
2.1.3    Product trends
2.1.4    Application trends
Chapter 3   Industrial Air Filtration Industry Insights
3.1    Industry segmentation
3.2    COVID-19 overview of the world economy
3.3    Industry ecosystem analysis
3.3.1    Raw material analysis    Glass    Metals    Plastic & Rubber    Foam    Activated Carbon    Composite    Others (Ceramic)
3.3.2    Distribution channel analysis    Distributors    Technology Providers
3.3.3    Vendor matrix    Fiber manufacturers    Wet-laid nonwovens    Filter media    Filtration system assembly
3.3.4    COVID-19 impact on industry value chain
3.4    Technology & innovation landscape
3.4.1    HEPA and ULPA filters
3.4.2    Nano Fibre technology
3.5    Regulatory Landscape
3.5.1    U.S.
3.5.2    EU
3.5.3    China
3.5.4    National Fire Protection Association (NFPA)
3.6    Industry impact forces
3.6.1    Growth drivers    Asia Pacific: Strengthening of cement, metal processing, pharmaceutical and chemical industries    Stringent Regulations and Standards    Rising environmental concerns
3.6.2    Industry pitfall and challenges    High capital investment, cost involved and slower repurchase cycle
3.6.3    Europe    Growth drivers    High degree of energy efficiency    Rising environmental concerns and enforcement of strict regulations    Industry pitfall and challenges    Rising life-cycle costs for industrial air filtration systems
3.7    Growth potential analysis, 2019
3.8    Cost structure analysis
3.8.1    Fixed Cost
3.8.2    Working capital cost
3.8.3    Raw material
3.8.4    Utilities
3.8.5    Contingent expenses
3.9    Porter’s analysis
3.9.1    Industry Rivalry
3.9.2    Supplier power
3.9.3    Buyer power
3.9.4    Threat of new entrants
3.10    Competitive landscape, 2019
3.10.1    Strategy dashboard
3.11    PESTEL analysis
3.12    Impact of COVID-19 on industrial air filtration demand, by application
3.12.1    Cement
3.12.2    Food
3.12.3    Metal
3.12.4    Power
3.12.5    Pharmaceuticals
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Source: Global Market Insights Inc.