CAGR: 4.5%Current Market Size: USD 1.95 BillionFastest Growing Region: APAC
Largest Market: North AmericaProjection Time: 2023-2030Base Year: 2022
The global gas filtration media market is expected to grow from USD 1.95 billion in 2022 to USD 2.77 billion by 2030, at a CAGR of 4.5% during the Projection period 2023-2030 The growth of this market is mainly driven owing to the rising demand in various end-user industries.
Gas phase filtration media are the substances that are installed inside the filters to purify the air. With gas-phase filtration media, pollutants are removed from the air using chemical agents and specialized filter media, which are based on sodium permanganates or activated carbon. As a result of gas phase filters, air contaminants and volatile organic carbons can be removed. Additionally, the quest for greener energy is another factor driving the market for filtration. The gas filtration system relies heavily on filter media. Vendors are striving to develop improved filter media to improve filtration, for instance, some vendors have developed filter media that can be used in high-temperature chemical processes without affecting process output, which is driving demand for gas filtration media. Moreover, it facilitates the removal of industrial waste, which is released into the environment, causing hazardous toxic gaseous pollutants to harm the air quality and endanger human health. Increasing the efficiency of gas phase filtering in industrial applications by reducing aberrant gases and regulating odors is becoming increasingly important. Furthermore, increasing concerns regarding environmental pollution and its harmful effects on human health are expected to drive the market's growth as well. These media are highly preferred by consumers and make up a large portion of filter media. Several constraints and obstacles will limit the market's growth, including adverse economic conditions and inefficiency in fulfilling customers' design requirements.
Sample Request: - Global Gas Filtration Media Market
Market Dynamics:
Drivers:
There is a direct link between clean air and the risk of lung cancer, heart disease, stroke, and acute and chronic respiratory disorders. Lower air pollution levels improve heart and respiratory health in the long- and short-term. The importance of pure air is becoming increasingly apparent to consumers, which is reflected in the air quality trends. As a result, individuals are attracted to the air quality trends, driving the market forward.
Restraints:
Research and development (R&D) are not a major focus for gas filtration media companies. The lack of investment in R&D leads to fierce competition, disruptive waves, and obsolescence in the industry. Most businesses do not invest in product development research and development, which results in a decline in the number of new launches every day.
Opportunities:
The increasing population expansion and the rapid growth of society require a substantial number of resources to sustain human activity. This has resulted in a wide variety of pollution forms. As one of the many pollution issues that have generated significant concern around the globe because of its pervasive nature, harm to the environment, and health risks, air pollution has been one of the most significant pollution issues. The importance of indoor and outdoor air quality is becoming more widely known, which is creating growth opportunities for the market.
Challenges:
Increasing demand for alternatives to electrostatic filters, such as electrostatic filters, locking effects, and sieve effects, has led to a decline in their popularity. Electromatic filters remove the gas from charged particles based on their electrical charge instead of filtering materials. The presence of various alternatives in the market is hampering the growth of the market.
Segmentation Analysis:
The global gas filtration media market has been segmented based on type, media, application, end-user, and region.
By Type
The type segment includes a combination (deep bed) filters and packed bed (thin bed) filters. The packed bed (thin bed) filters segment led the largest share of the gas filtration media market with a market share of around 59.5% in 2022. As far as the packed filters segment is concerned, it will hold the largest market share during the Projection period. In industries such as chemicals, pulp, and paper, as well as petrochemicals and healthcare, the high efficiency of eliminating aberrant gases and controlling odors is driving the demand for them.
By Media
The media segment includes potassium permanganate, activated carbon and blend. The activated carbon segment led the largest share of the gas filtration media market with a market share of around 46.4% in 2022. Activated carbon will account for the largest share of the market through the Projection period. The material will react well under multiple temperature and humidity conditions, be safe to handle, and be easily available in different shapes and sizes.
By Application
The application segment includes odor control and corrosion and toxic gas control. The odor control segment led the largest share of the gas filtration media market with a market share of around 69.4% in 2022. During the Projection period, the odor control segment is expected to grow the fastest. This segment is driven by the release of odorous gases in industrial environments, as well as the demand for this segment in industries like pulp and paper and wastewater treatment.
By End-User
The end-user segment includes healthcare, chemicals & petrochemicals, water & wastewater, hospitality, semiconductor manufacturing, utilities, and others. The healthcare segment led the largest share of the gas filtration media market with a market share of around 27.5% in 2022. A majority of the market share will be accounted for by the healthcare industry segment during the Projection period. Since healthcare staff and patients are continually exposed to infection and cross-contamination risks, clean air solutions are necessary to protect people from the spread of viruses and pathogenic bacteria, which will boost the demand for gas filtration media in the healthcare sector.
Global Gas Filtration Media Market - Sales Analysis.
The sale of gas filtration media expanded at a CAGR of 3.7% from 2016 to 2022.
The market growth of gas phase filtration is also influenced by stringent environmental regulations, adoption of the system by business and commercial environments like computer clean rooms, museums, and libraries, as well as the rapid acceptance of these filters for air quality checks in several industries.
The introduction of stainless steel, silica-free filter media etc., in recent years has increased demand for filter media as it is ideal for high-temperature chemical reactions. Therefore, the growing demand for filter media may spur the growth of the gas phase filtration market in the near future.
Moreover, in order to launch their innovative and developed filter media, key suppliers and manufacturers invest a considerable amount in research and development. These filter media help to speed up filtration, improve the function and quality of the filter media, and increase the filter media's life, which is creating more growth opportunities for the market.
Thus, owing to the aforementioned factors, the global gas filtration media market is expected to grow at a CAGR of 4.5% during the Projection period from 2023 to 2030.
By Regional Analysis:
The regions analyzed for the gas filtration media market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region dominated the gas filtration media market and held a 39.7% share of the market revenue in 2022.
Global Gas Filtration Media Market - Country Analysis:
Germany's gas filtration media market size was valued at USD 0.13 billion in 2022 and is expected to reach USD 0.18 billion by 2030, at a CAGR of 4.6% from 2023 to 2030.
Europe's gas filtration media market is expected to be dominated by Germany due to the growing demand for pulp and paper, chemicals and petrochemicals, and recently metals and mining. Due to the harmful effects associated with impure air and toxic gases, the German gas filtration media market is expected to grow significantly as the demand for gas filtration media increases. Furthermore, as a result of COVID-19, consumers have become increasingly inclined toward air filtration products to keep themselves healthy and avoid medical problems.
China’s gas filtration media market size was valued at USD 0.14 billion in 2022 and is expected to reach USD 0.20 billion by 2030, at a CAGR of 4.9% from 2023 to 2030.
A combination of China's rapid economic growth, low-cost labour, and easy access to raw materials will lead to an increase in energy demand in several industries.
India's gas filtration media market size was valued at USD 0.11 billion in 2022 and is expected to reach USD 0.16 billion by 2030, at a CAGR of 4.8% from 2023 to 2030.
During the Projection period, the country's growth will be primarily driven by the increasing consumption of industrial air filters. Companies often invest in the country to increase exports from the low-cost area, which will further increase gas phase filtration consumption.
Key Industry Players Analysis:
To increase their market position in the global gas filtration media market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Scope of the Report
Global Gas Filtration Media Market by Type:
Global Gas Filtration Media Market by Media:
Global Gas Filtration Media Market by Application:
Global Gas Filtration Media Market by End-User:
Global Gas Filtration Media Market by Region:
Global gas filtration media market is expected to reach USD 2.77 billion by 2030, at a CAGR of 4.5% from 2023 to 2030.
Rising awareness about the benefits of purified air and rising air pollution.
North American region will witness more growth in the gas filtration media market.
The segments covered in the gas filtration media market are; type, media, application, end-user, and region.
Leading players in the gas filtration media market are American Air Filter Company, Inc., PureAir Filtration, LLC, Freudenberg Filtration Technologies GmbH & Co. KG, PURAFIL, INC., ProMark Associates, Inc., Cosmos Air Purification, MANN+HUMMEL, AQOZA, MAYAIR MANUFACTURING (M) SDN BHD, Bry-Air, Donaldson Company, Inc., Delta Adsorbents among others.
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