Global High Temperature Filter Media market will reach 3150 million US$ by the end of 2025
Published Date: 2019/2/15
Compared to 2016, High Temperature Filter Media market managed to increase sales by 8.48 percent to 92202 K Sq.m worldwide in 2017 from 84996 K Sq.m in 2016. Overall, the High Temperature Filter Media market performance is positive, despite the weak economic environment.
Rapid adoption of High Temperature Filter Media across various industries such as increased environmental protection requirements is the major factor that drives the growth of the High Temperature Filter Media market.
The Asian market generally will experience growth well above the rest of the world. The expansion of heavy industry in this region will be substantial. Foundries, steel mills, cement and chemical plants all require investment in High Temperature Filter Media. In Europe, biomass combustion is the biggest growth market.
Growth in the Chinese High Temperature Filter Media market will continue to be significant, as it is already the leading purchaser. The cement market in China will continue to be larger than the rest of the world combined. China has more power plants, but presently electrostatic precipitators are preferred over fabric filters for this application.
BWF Envirotec Group is the world leading player in global High Temperature Filter Medias market with the market share of 10.68%, in terms of revenue, and followed by Lydall, Albany, Savings and Sinoma Membrane Materials.
The global High Temperature Filter Media market is valued at 1740 million US$ in 2017 and will reach 3150 million US$ by the end of 2025, growing at a CAGR of 7.7% during 2018-2025.
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