The global liquid and air filter bags market is projected to reach $6,144.9 million by 2023, The market growth is driven by growing industrialization and expanding automotive industry.
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Based on type, the liquid and air filter bags market is bifurcated into liquid and air. Air filter bags is expected to be the faster growing type during the forecast period, advancing at CAGR of 6.2% in terms of volume. The increasing need for dust and other unwanted foreign particle removal from industrial equipment is fueling its market growth.
The booming pharmaceutical industry in the region to address the health issues of the rising population, is also driving the region’s liquid and air filter bags market growth.
The liquid and air filter bags market in Asia-Pacific (APAC) has been witnessing the highest sales of these bags. This can mainly be attributed to the increasing industrialization and urbanization in the region, which are the major factors contributing to the increased demand of filter bags.
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Some of the major players operating in the global liquid and air filter bags market are Emirates Industrial Filters Ltd., Cummins Inc., CLARCOR Inc., Donaldson Company Inc., Pall Corporation, Parker Hannifin Corporation, Eaton Corporation, DuPont de Nemours, Filter Concept Pvt. Limited, and FILPRO Corporation.
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