The changing dynamics in Fabric Filters Market with covid-19 impact assessment
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Fabric Filters Market.
It was estimated prior to this unanticipated outbreak that the Fabric Filters Market was likely to witness an impressive CAGR of 6.6% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Market Share Analysis
Fabric Filters Market Share: By Filter Type
Based on the filter type, the market is segmented as liquid filter media and air filter media. The liquid filter media segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. There are two most popular fabric filter media used for liquid filtration, namely, woven and nonwoven. Liquid filter media have more applications compared to air filter media. The woven fabrics are more demanded due to their cost-effectiveness and technologically advanced features.
Fabric Filters Market Share: By End-Use Industry Type
Based on the end-use industry type, the fabric filters market is segmented as food & beverage, metal & mining, chemical, pharmaceutical, power generation, and others. The food & beverage segment is projected to be the fastest-growing segment of the fabric filters market, owing to increasing demand for processed & semi-processed food, convenience food, and ready-to-eat food. Filtration is done to remove impurities, protect the taste of food, control odors and humidity and minimize contamination of food.
Fabric Filters Market Share: By Region
In terms of regions, Asia-Pacific is estimated to be the largest fabric filters market during the forecast period, with China, Japan, and India being the major countries with promising growth opportunities, owing to increasing population, per-capita income, and improving standard of living in the region. The fabric filters market is mainly driven by the need for a safe working environment in manufacturing sites and stringent government regulations for emission and treatment of industrial effluents.