The new report by Expert Market Research titled, ‘Global Coalescing Filter Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global coalescing filter market, assessing the market based on its segments such as types, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 8.0%
The oil and gas industry is the principal driver of the market. An increase in demand for energy, modernisation in technology, and increasing investments are the major factors leading to the growth of the oil and gas industry. The booming transition in energy and subsequent investments by the investors to uphold the market potential is leveraging the oil and gas sector at peaking heights. Further, the increase in production, exploration activities, and refining projects is driving the demand for coalescing filters, thus increasing the global market during the forecast period. The global market is also likely to be driven by the need for coalescing filters to protect sensitive equipment operated by compressed air.
Industry Definition and Major Segments:
Coalescing filters are designed specifically for removing submicronic contaminants from compressed air. A coalesce filter uses the coalescing effect to separate vapours, liquids, soluble particles, or oil from another fluid. The filter is made up of several successive layers that each perform a specific purpose (separating solid particles to liquid molecules from a gas flow). Semi-permeable membranes and borosilicate microfibres are two common materials used as coalescing filters.
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By type, the global coalescing filter market is segmented into:
• Vertical Coalescing Filter
• Horizontal Coalescing Filter
The major applications of the market are:
• Oil and Gas
• Petrochemicals
• Chemicals
• Power Generation
• Others
On the basis of region, the market is segmented into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
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Market Trends:
Coalescing filters provide clean air for several applications, and such applications are expected to drive the global coalescing filter market. Clean compressed air is important in food processing, electronics, health care, photography, dairy, and instrumentation industries. Growing focus on research and development to improve the filtration process is also creating a positive outlook for the growth of the global coalescing filter market during the forecast period. A significant increase in investments in the mining and petrochemical sectors is further propelling the demand for coalescing filters during the forecast period.
Key Market Players:
The major players in the market are HYDAC Technology Corporation, Boll & Kirch Filterbau GmbH, GTS Filters & Systems (India) Pvt Ltd., Hilliard Corporation., and Microtech Filters Ltd., among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
About Us:
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company’s expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
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