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$1 Billion | Homopolymer Acrylic Filter Bags Market Regional Revenue & Growth Forecast to 2025

Author : Rahul Varpe | Published Date : 2019-08-21 

The power plants in the U.S. are utilizing homopolymer acrylic filter bags to lower carbon footprint. This will drive U.S. homopolymer acrylic filter bags market size from power generation that will register a CAGR of 5 percent over 2019-2025.

Asia Pacific homopolymer acrylic filter bags market will grow significantly over the upcoming years. The growth trends will be driven by the high product demand from developing economies like India and China.

According to the U.S. Energy Information Administration, about 4.18 trillion kWh of electricity was generated at large-scale energy generation units across the U.S in the year 2018. Around 63 percent of this electricity was generated from fossil fuels such as petroleum, natural gas, and coal, about 17 percent was from renewable energy sources and 20 percent from nuclear energy. The power generation sector of the U.S. is thus heavily dependent on the conventional energy sources to fulfil the electricity demand of the nation.

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Global Market Insights, Inc., claims that the overall homopolymer acrylic filter bags market share is forecast to exceed USD 1 billion-dollar mark by 2025.

Homopolymer acrylic based filter bags are used massively in the F&B sector owing to its dust capturing properties. The expansion of the F&B sector will drive China homopolymer acrylic based filter bags market size. Global Market Insights, Inc., states that China homopolymer acrylic based filter bags industry size from food and beverage application will register a CAGR of 4.5% over 2019-2025. Shifting consumer preferences and rising food production will also fuel the homopolymer acrylic filter bags market growth.

Rising product demand from oil & gas, printing, F&B, cement, and pharma sectors will drive homopolymer acrylic filter bags market size. These bags have commendable properties such as excellent dimensional stability and durability and can withstand harsh temperature conditions. They also assist in eliminating particulate matters. Rising level of awareness to prevent air pollution has increased the demand for these bags to absorb harmful emissions and will drive homopolymer acrylic filter bags industry share over the forecast timeframe.

Homopolymer acrylic filter bags market, by Coating:

  • Oleophobic
  • Hydrophobic
  • Anti-static
  • PTFE Coating
  • Flame Retardant
  • Anti-acid

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The sustained success of the production restraint deal between the Organization of the Petroleum Exporting Countries (OPEC) and the non-OPEC nations has led to the recovery of the overall oil and gas industry. The continued support of higher government spending and recent tax cuts will help to further expand the oil and gas sector leading to a rise in carbon emissions.

The increasing number of efforts by prominent oil firms to lower carbon footprints of the oil and gas sector will majorly fuel homopolymer acrylic filter bags market share. Many countries are taking huge steps to shut down polluting manufacturing and refining units to accelerate the shift toward clean energy and ensure the maintenance of overall public health standards.

Related News:

https://gminsights.wordpress.com/2017/06/23/us-baghouse-filters-market/

https://www.marketwatch.com/press-release/borehole-equipment-market-growth-forecast-by-product-application-regional-outlook-by-2024-2019-08-21

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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