Gas Phase Filtration Market to Grow at CAGR 5% till 2021: TechSci Research Report

02 Mar, 2016, 11:30 ET from TechSci Research

BURNABY, Canada, March 2, 2016 /PRNewswire/ --

Rising demand from pulp and paper industry coupled with increasing need for protection of vital electronic equipment to drive global gas phase filtration market through 2021 

According to TechSci Research report "Global Gas Phase Filtration Market, By Type, By Filter Media, By Sector, Competition Forecast and Opportunities, 2011 - 2021", global gas phase filtration market is projected to grow at a CAGR of over 5% during 2016-2021, due to rising need for removing unwanted gases, implementation of stringent government regulations to maintain suitable indoor air quality and growing demand for protecting vital electronic equipment from corrosive gases. Additionally, growing requirement from commercial and residential sectors is projected to fuel demand for gas phase filters across the globe.

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Growing need to capture hazardous gases and odors released during various chemical processes in different industries is fueling demand for gas phase filters across the globe. Major end user applications for gas phase filtration include pulp and paper, refining and petrochemicals, wastewater treatment and electronic industry. Activated carbon, a cost effective adsorbent media capable of removing a broad range of gases, is widely used in gas phase filtration across the globe. However, use of potassium permanganate in gas phase filtration is expected to witness faster growth during the forecast period owing to its ability to arrest toxic gases. Global gas phase filtration market is highly fragmented and controlled by various global and regional players. Few of the major players operating in global gas phase filtration market include AAF, Freudenberg, Donaldson, Camfil, and Purafil, among others.

"A large number of companies are heavily dependent on data centers and improper monitoring of gaseous contaminants such as fumes, tobacco smoke and other gases may cause corrosion/damage of critical electronic components. Data centers are increasingly contributing to the growing demand for gas phase filters, as any disruption in data centers may incur huge loss to organizations. As a result, data centers have become one of the fastest growing applications for gas phase filters across the globe, and this trend is expected to continue through 2021 as the market for modular data centers is forecast to reach $36 Bn by 2021 from $8.5 Bn in 2015.'’ said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

"Global Gas Phase Filtration Market, By Type, By Filter Media, By Sector, Competition Forecast and Opportunities, 2011 - 2021" has analyzed the potential of gas phase filtration market and provides statistics and information on market size, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the industry.

About TechSci Research: 

TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.

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SOURCE TechSci Research