Gas Phase Filtration Market by Type (Packed Bed, and Combination) Application (Corrosion & Toxic Gas Control and Odor Control), End User, and Geography - Global Forecast to 2023
The overall gas phase filtration market is to grow from USD 1.73 billion in 2018 to USD 2.17 billion by 2023, at a CAGR of 4.55%. The growth of this market is driven by the awareness of the impact of poor indoor and outdoor air quality on human health and need for clean air, high emphasis on filtration of corrosive, toxic, and odor-generating gases in industries, and implementation of strict government regulations to protect environment and developments in the gas phase filtration ecosystem through organic and inorganic growth strategies such as agreements, contracts, joint ventures, product launches and developments, acquisitions, and expansions.
The market for combination filters is expected to grow at the highest CAGR during the forecast period. Due to the increasing traffic, population, industrialization, and industrial waste, many harmful toxic gaseous contaminants are released into the environment, thereby affecting the air quality and creating health issues. The demand for combination filters has been increased as these filters can handle multiple gases because of the lower pressures drops, lower maintenance, and replacement costs of the CIF filters.
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The packed bed filters are likely to hold a larger market size during the forecast period owing to their high efficiency of removing aberrant gases and controlling odors in different industries such as pulp & paper, chemicals and petrochemicals, healthcare, metals & mining, and semiconductor manufacturing as highly toxic gases and volatile organic compounds (VOCs) are released in these industries. Moreover, these filters are cheaper than that of combination filters, which fuels their demand for removing indoor air pollutants.
Based on media, activated carbon is expected to command the gas phase filtration market during the forecast period. Activated carbon reacts well under various temperature and humidity conditions, is safe to handle, and easily available in varied sizes. Hence, this segment is likely to hold the largest market size in the near future.
Between applications, the gas phase filtration market for odor control is expected to grow at higher CAGR between 2018 and 2023. Odorous gases are released with the use of chemicals in industrial environments, which, in turn, has boosted the demand for gas phase filtration products for odor control applications in industries such as pulp & paper and wastewater treatment.
The demand for gas phase filtration system is heavily depends on industrial growth. Factors such as sluggish economic growth and decrease in the production lead to lower investments in the industrial sector, hampering the industrial growth. This has led to decreased new facility setups and expansion projects in industries, affecting the demand of gas phase filtration systems.
The key market players such as Camfil (Sweden), American Air Filter (AAF) Company (US), Donaldson Company (US), Freudenberg (Germany), Clarcor (Parker Hannifin Corporation) (USA), Bry-Air (Asia) (India), Purafil (US), Circul-Aire (Canada), Kinberley-Clark (US), and Promark Associates (USA) are focusing on agreements, contracts, joint ventures, product launches and developments, acquisitions, and expansions.
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