In a recent published report, Kenneth Research has updated the market report for Gas Phase Filtration Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Gas Phase Filtration Market products.
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On the other hand, the increasing focus of the players in the energy and power industry to lower their cost of operations so as to enhance their profitability, is also anticipated to contribute to the market growth. The natural gas rents, which is defined as the difference between the total cost of production of natural gas and the production value at world prices, decreased significantly from 0.40% of GDP in 2001 to 0.18% of GDP in 2017. Alternatively, the oil rents, which increased from 1.09% of GDP in 2001 to 1.30% of GDP in 2019, portrays the need amongst the players to enhance their focus in reducing the cost of production of oil.
Global Gas Phase Filtration Market was valued at USD 1.6 Billion in the year 2017. Global Gas Phase Filtration Market is further estimated to grow at a CAGR of 4.8% from 2019 to reach USD 2.42 Billion by the year 2025. Asia-Pacific region holds the highest Market share in 2017 and the Asia-Pacific Market is considered as the fastest growing Market in the forecasted period. At a country level, developed industries like China with highest population base holds the notable Market share in 2017 and it is projected to grow at a gradual rate in the coming years.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Major market players in Gas Phase Filtration Market are American Air Filter Company Inc., Kimberly-Clark Corp., Freudenberg Filtration Technologies SE & Co. KG, Circul-aire Inc., Donaldson Company Inc., The Camfil Group, PURAFIL INC., Clarcor Inc., ProMark Associates Inc., Bry-Air, and brief information of 9 companies will be provided in a report.
SWOT analysis of Gas Phase Filtration Market:
Strength:
Execution of strict government regulations to protect environment
Weakness:
Critical economic conditions
Opportunities:
Rapidly advancement in industrialization in developing countries
Threats:
Designing unique gas phase filtration solutions across industries
Segmentation done on the basis of Media includes Blend, Potassium Permanganate and Activated Carbon of which the Activated Carbon segment is expected to hold the highest Market share during the forecast period. On the other hand, segmentation done on the basis of Types include Combination Filters and Packed Bed Filter of which Combination Filters segment is expected to grow at the highest CAGR during the forecast period.
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Gas Phase Filtration Market Segmentation:
By Application
*Odor Control
*Corrosion & Toxic Gas Control
By Type
*Combination Filters
*Packed Bed Filters
By End User
*Semiconductor Manufacturing Market
*Chemicals and Petrochemicals Market
*Healthcare Market
*Metals & Mining Market
*Pulp & Paper Market
*Food & Beverages Market
*Other
By Media
*Blend
*Potassium Permanganate
*Activated Carbon
By Region
*North America
o USA
o Canada
*Europe
o Germany
o U.K.
o France
o Italy
o Rest of Europe
*APAC
o China
o India
o Japan
o Rest of Asia-Pacific
*RoW
o Latin America
o Middle East & Africa
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ANSWERED TO THE FREQUENTLY ASKED QUESTIONS :
WHAT IS THE SCOPE OF THE REPORT?
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
WHAT ARE THE KEY SEGMENTS IN THE MARKET?
*By product type
*By End User/Applications
*By Technology
*By Region
WHICH MARKET DYNAMICS AFFECTS THE BUSINESS?
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
Key Topic Covered in this Report
*Market Growth Opportunities
*Leading Market Players
*Market Size and Growth Rate
*Market Growth Drivers
*Company Market Share
*Market Trends and Technological
The Gas Phase Filtration Market report highlight the economy, past and emerging trend of industry, and availability of basic resources. Furthermore, the market report explains development trend, analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out. In the end, the report makes some important proposals for a new project of Gas Phase Filtration Market before evaluating its possibility.
Reasons to Purchase this Report
*Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
*Provision of market value (USD Billion) data for each segment and sub-segment
*Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
*Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
*Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
*Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
*The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
*Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
*Provides insight into the market through Value Chain
*Market dynamics scenario, along with growth opportunities of the market in the years to come
*6-month post sales analyst support
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