Global Industrial Filters market overview 2024, Forecast To 2033
4 Mar, 2024
The industrial filters market size has grown strongly in recent years. It will grow from $3.22 billion in 2023 to$3.4 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to stringent environmental regulations, rapid industrialization, awareness and concerns for clean energy, focus on occupational safety, globalization of supply chains. The industrial filters market size is expected to see strong growth in the next few years. It will grow to $4.25 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to growing awareness of air and water quality, industry 4.0 and smart manufacturing, focus on sustainable practices, increasing healthcare concerns, economic and industrial growth in emerging markets. Major trends in the forecast period include advancements in nanotechnology, growing importance of air quality monitoring, rapid growth in biopharmaceuticals, focus on digitalization and data analytics.
Global Industrial Filters Market Key Driver
The industrial gases for the plastic and rubber market are anticipated to witness significant growth, propelled by the surge in infrastructural development activities globally. With governments worldwide augmenting spending on infrastructure development, there's a consequent rise in demand for rubber and plastic components extensively used in such projects. According to the global infrastructure outlook by G20 nations, global spending on infrastructure is expected to escalate to USD 3.3 trillion by 2030, from USD 2.8 trillion in 2021. This uptick in infrastructural development activities is driving the growth of the industrial gases for the plastic and rubber market moving forward.
Get A Free Sample Of The Global Industrial Filters Market ReportGlobal Industrial Filters Market Segments
The global industrial gases for plastic & rubber industry market covered in this report is segmented –
1) By Gas Type: Nitrogen, Carbon Monoxide, Carbon Dioxide
2) By Storage and Distribution and Transportation: Cylinder and packaged gas distribution, Merchant liquid distribution, Tonnage distribution
3) By Process: Injection molding, Extrusion, Foaming, Blow moulding
4) By End-Use: Plastic Industry, Rubber Industry
By Geography: The regions covered in the industrial filters market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacific was the largest region in the industrial gases for plastic & rubber industry market in 2023. The regions covered in the industrial gases for plastic & rubber industry market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Industrial Filters Industry Players
Air Products and Chemicals Inc., Airgas Inc., Messer Group, Novomer Inc., Praxair Inc., Taiyo Nippon Sanso Corp., The Linde Group, Universal Industrial Gases Inc., Yingde Gases Group Co. Ltd., Reliance Industries Limited, Bharat Petroleum, Supreme Industries Limited, HPCL-Mittal Energy Limited, Gulf Cryo, Rotarex, Air Liquide S.A., Air Water Inc., Airgas Dry Ice, Airtec Gases LLC, Asahi Kasei Corporation, Buzwair Industrial Gases Factories, Chemours Company, Cryogenic Gases Inc., DOW Chemical Company, Iwatani Corporation, Matheson Tri-Gas Inc., Showa Denko K.K.
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Industrial Filters Market Overview
Industrial gases for the plastic and rubber industry are gases used in industrial processes such as molding and extrusion. These gases have low concentrations and are easily dissipated into the atmosphere, making them excellent for industrial applications. It is used for increasing the energy efficiency and productivity of manufacturing and curing processes of plastic and rubber components.
Industrial Filters Global Market Report 2023 provides data on the global industrial filters market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The industrial filters market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.