Global Industrial Gas Phase Filtration System Market Report (2019-2023): Analysis by End-user and Geography - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Feb 7, 2019--The “Global Industrial Gas Phase Filtration System Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The industrial gas phase filtration system market will register a CAGR of over 5% by 2023.
Emerging demand for highly efficient filter media to drive market growth
Filter media are important parts of a gas phase filtration system as they actually filter gases. However, a filter medium needs to be replaced after a certain period as contaminants accumulate over it. Therefore, the filter media in a gas phase filtration system requires considerable maintenance. Vendors are aiming to reduce this by developing improved filter media that offers enhanced filtration.
Growing investment in chemical and petrochemical industries
The chemical and petrochemical industries use different chemicals and utility products during the production process. The production of intermediate or final products involves complex steps that are accompanied by the release of harmful gases capable of corroding equipment and endangering human life.
Production processes in the two industries also give off unwanted elements such as sulfur, nitrogen, oxygen, and trace metals. These components can react with different feed products to form harmful gases. Gas phase filtration systems are used to remove such harmful contaminants during different production processes, ensuring that critical equipment and machines do not get corroded and workforce safety maintained.
Uncertainties associated with volatile oil prices
The oil and gas industry is an important end-user of gas phase filtration systems in both the upstream and downstream sectors. The rising stringency of regulations on the oil and gas industry make gas phase filtration systems highly integral, but the high volatility associated with the industry presents uncertainties with respect to future investments, thereby dimming prospects for gas phase filtration system manufacturers.
The market appears to be fragmented, and with the presence of several companies including Donaldson Company and Filtration Group, the competitive environment is quite intense.
Key PlayersDaikin Industries (American Air Filter Company) Donaldson Company Filtration Group Freudenberg Group Pahwa Group (Bry-Air)
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPEMarket ecosystem Market characteristics Market segmentation analysis
PART 04: MARKET SIZINGMarket definition Market sizing 2018 Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSISBargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition
PART 06: MARKET SEGMENTATION BY END-USERComparison by end-user W&WW - Market size and forecast 2018-2023 Pharmaceutical - Market size and forecast 2018-2023 Chemical - Market size and forecast 2018-2023 Oil and gas - Market size and forecast 2018-2023 Pulp and paper - Market size and forecast 2018-2023 S&E - Market size and forecast 2018-2023 F&B - Market size and forecast 2018-2023 Other industries - Market size and forecast 2018-2023 Market opportunity by end-user
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPEGeographic comparison North America - Market size and forecast 2018-2023 APAC - Market size and forecast 2018-2023 Europe - Market size and forecast 2018-2023 Middle East and Africa - Market size and forecast 2018-2023 South America - Market size and forecast 2018-2023 Key leading countries Market opportunity
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
PART 11: VENDOR LANDSCAPEOverview Landscape disruption Competitive scenario
PART 12: VENDOR ANALYSISVendors covered Vendor classification Market positioning of vendors Daikin Industries (American Air Filter Company) Donaldson Company Filtration Group Freudenberg Group Pahwa Group (Bry-Air)
For more information about this report visit https://www.researchandmarkets.com/research/tlr5zk/global_industrial?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190207005560/en/
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Related Topics:Chemical Engineering ,Air Purification,Industrial and Specialty Gases
INDUSTRY KEYWORD: ENERGY OIL/GAS MANUFACTURING CHEMICALS/PLASTICS ENGINEERING
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 02/07/2019 10:22 AM/DISC: 02/07/2019 10:22 AM