Cement applications to drive homopolymer acrylic filter bags market share by 2025
Publisher : Fractovia | Published Date : 2019-06-27Request Sample
The global homopolymer acrylic filter bags market has emerged as one of the most lucrative business verticals for the players across HVAC and construction sector. This is basically because the homopolymer acrylic filter bag, well known for its effective and efficient dust collecting capability, enhances the filtration capacity of any system by 50% to 150%.
Ranging from power plants to the cement industry and petrochemicals to food and beverages the demand for filtration products has increased exponentially. In addition, growing industrialization and its aftereffect like air pollution has also been propelling the requirement of acrylic filter bags.
Germany Homopolymer Acrylic Filter Bags Market Size from Singeing & Calendering Surface Finish, By Application, 2018 & 2025, (Million Units)
Over the last few years, the demand for energy has increased tremendously, encouraging countries to invest in the development of high capacity power plants. Many countries like China, U.S., India, Japan are rapidly developing new power projects to match the demand. Energy companies have been installing highly efficient and durable bag filters in the power plants so as to adhere to environmental standards and reduce air emissions. The shifting focus of energy companies toward the use of reliable, anti-hydrolysis, anti-chemical filter bags is likely to drive homopolymer acrylic filter bags market share.
Currently, coal is one of the major contributors for energy generation, accounting nearly 40% of the world’s electricity production. In 2016, China started constructing a coal-fired power plant, the first phase of which is estimated to be completed by the end of 2019. The first phase of the project comprises two ultra-supercritical air-cooled units each of capacity 1000MW. The deployment of dust removal systems, denitrification, and desulphurization at such coal-fired power plants will strengthen the homopolymer acrylic filter bags market outlook.
The U.S. has been observing strong industrial growth over the last few decades that has been fostering heavy demand for power generation. This trend will further fuel the growth of the regional homopolymer acrylic filter bags market. For the record, U.S. homopolymer acrylic filter bags market size is likely to register a CAGR of 5% from power generation segment over 2019-2025.
The construction industry plays a significant role in the economic development of both developed and developing countries. It has a direct connection with most other industrial sectors, thereby it indirectly connects with the GDP of nations. The continued rise in population across global economies leads to surging demand for construction materials. Driven by increasing consumption of cement, homopolymer acrylic filter bags industry size from cement applications is predicted to surpass a revenue collection of USD 375 million by the end of 2025.
Focusing on the carbon-intensive nature of cement industry, manufacturers are under regulatory pressure to modify their production process and business strategies to support a sustainable environment. The strict regulations regarding the emission of CO2 has impacted overall growth strategies and business planning of cement manufacturers which will strengthen the growth of homopolymer acrylic filter bags market.
Over the last few years, the food industry has been observing rapid changes on account of changing consumer preferences, boosting the demand for hygienic and quality products, pertaining to the increasing awareness among the people about the consumption of healthy and disinfected food. In addition, consumers have been demanding organic and high shelf life drinks as well, prompting rising capital investments in energy beverage production. Thus, increasing investments in the food and beverages additives market will indirectly fuel homopolymer acrylic filter bags industry share over the years ahead.
The Occupational Safety and Health Administration (OSHA) has been working consistently to provide a quality environment at workplace for every employee, as poor-quality air leads to cause health problems including fatigue, headache, irritation of nose, eyes, lungs, and throat. In addition, the exposure to the pollutants like radon and asbestos may lead to cause cancer after several years. Hence, strict regulations regarding a safe working environment will enhance homopolymer acrylic filter bags market trends.
Among the many driving factors contributing to the growth of homopolymer acrylic filter bags industry share, significant importance can be imparted to heavy investments in the advancement of cement manufacturing processes and infrastructural development projects. The changing F&B industry trends will also generate lucrative opportunities for the market contributors. Shifting focus of the companies toward providing a safe and healthy workplace will help stimulate homopolymer acrylic filter bags market size over 2019-2025.
