HVAC and Construction

Rise in bread consumption to bolster bakery processing equipment market share over 2019-2025

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Over the past few years, bakery processing equipment market trends have witnessed a steady transformation, owing to the increasing innovations in bakery products such as cookies, pies and crackers globally. Continuous changes in consumer lifestyles create a heavy demand for on-the-go food products, especially bakery items, driving the expansion of food processing businesses and fueling bakery processing equipment industry share over the forecast timeframe.

UK Bakery Processing Equipment Market Share, By Type, 2018 & 2025 (USD Million)

UK Bakery Processing Equipment Market, By Type, 2018 & 2025 (USD Million)

Sheeters and molders are amongst the most widely used bakery equipment tools owing to their capability to shape doughs of all sizes reliably and efficiently. Sheeters eliminate the process of physically kneading the dough, increasing the productivity. Additionally, the equipment enhances quality by providing precise thickness and flawless consistency to complex bakery products like croissants and certain pastries.

The use of dough sheeters will certainly aid in the growth of a bakery operations by facilitating fast, safe and highly reliable end products, further propelling bakery processing equipment industry outlook.

With the rising consumption of packaged food worldwide, the demand for frozen bakery products have also risen. In developing countries like India, where according to reports the processed food market accounts for 32% of the total food sector, manufacturing of frozen food products has accelerated considerably. A rise in demand for frozen food in other emerging economies will undoubtedly foster the demand for bakery supplies and equipment worldwide. Another key factor will be bread production, as the consumption of bread has gained momentum all over the world.

The American Bakers Association in collaboration with Grain Foods Foundation celebrates National Bread Month with an aim to educate consumers about the various health benefits associated with the consumption of grain foods. On the other hand, European Union is witnessing high consumption levels of bread.

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According to Federation of Bakers Ltd., the UK bread industry is valued at around 3.8 billion pounds annually, employing a large number of people to meet the growing supply across the nation. The average bread consumption in the region per year is around 50 kg per person. Amplifying demand for bread will positively influence bakery processing equipment market outlook.

In terms of geographical expansion, the fast-growing food & beverage sector in North America has contributed immensely towards boosting the remuneration scale of the global bakery processing equipment industry. There has been consistent adoption of highly advanced equipment to meet the massive bakery demand by leading food processing companies. According to reports, in 2018 the North America bakery processing equipment market share was estimated at USD 1.5 billion.

According to American Bakers Association, the baking industry in the U.S. has an economic impact of nearly USD 153 billion. The U.S. government has levied strict rules and regulations to ensure food safety across the country. The change in consumer pattern towards healthy food consumption has led to enhanced bakery products such as multigrain cookies, wheat bread, among several others. U.S. food safety association has set up separate departments to monitor the safety and quality of food. The growing demand for safe and innovative bakery products along with stringent safety norms will reinforce North America bakery processing equipment industry size.

Bakery processing equipment demand, in essence, is driven by the growing consumption for processed food worldwide. Evolving eating habits especially in the developing nations where more women are now working has surged the sales of packaged food and frozen bakery products.

Innovations in the bakery processes have led to the development of highly advanced bakery supplies, equipment, tools and techniques to simplify the production along with meeting the overwhelming demand. According to a report by Global Market Insights Inc., global bakery processing equipment market size is expected to surpass USD 11 billion by 2025.

Author NameShreshtha Dhatrak

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Increased demand for residential housing to foster wooden furniture market size

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Owing to the expanding real estate sector and emergence of luxurious homes, global wooden furniture market size is poised to witness robust growth over the forecast years. Growing population in conjunction with changing lifestyle and increasing customer preference towards customized and unique furniture options will propel the demand for wood-based options. The ability to provide compact and portable solutions for indoor, outdoor and commercial uses will considerably outline wooden furniture industry trends.

North America Wooden Furniture Market, By Application, 2018 & 2025, (Thousand Tonnes)
North America Wooden Furniture Market, By Application, 2018 & 2025, (Thousand Tonnes)

As the world is becoming more conscious regarding the sustainability of the environment, the demand for eco-friendly products is increasing day by day. Today, furniture manufacturers have attracted a host of companies to introduce innovative furniture creations by adopting sustainable practices in their manufacturing processes. For instance, recently the Philippines’ Department of Environment and Natural Resources is ardent on expanding bamboo plantations and setting up processing plants on Panay Island to accelerate wood supply in the country, presenting new opportunities for wood furniture manufacturers.

With the rapid development of high-rise commercial and residential complexes, consumers are purchasing an increased number of high quality products and opting for diversified design solutions. Substantial availability of beautifully crafted pieces of furniture that provide comfortability and adorns the homes of people are transforming the furniture products landscape globally, further driven by a surge in disposable incomes. Prominent reports suggest that in 2018, the residential segment had contributed over 65% toward global wooden furniture market share.

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The landscape for luxurious and modern furniture brands has been changing dramatically, as interior designers and house owners give more focus to the layout of furniture within the overall design, which is the essential component of home décor. Growing consumer inclination towards lavish, long-lasting furniture with sleek designs have invariably escalated revenue prospects for wooden furniture industry and enhanced the product adoption amongst residential buildings. Online sales and delivery of furniture has considerably impacted the industry expansion.

Samson Holding, one of the leading wholesalers in the residential furniture sector, had confirmed the acquisition of a 70% stake in a Timber furniture factory situated in Vietnam earlier in July 2019. The acquisition is a strategic move to support Samson Universal Furniture brand, that remains a reliable partner to interior designers and retailers across the world. Similar growth strategies and long term contracts, along with rising furniture production, will drive wooden furniture market outlook.

A reputed studio has recently designed new, innovative furniture solutions for social housing all across Mexico, which includes wood-based products. Consistent need for residential furnishing across the world will sustain demand for affordable and reliable furniture over the next few years. Rising population in emerging economies will further bolster product adoption. Novel designs and introduction of modern residential projects, supported by a thriving manufacturing sector will provide a massive push to global wooden furniture market share.

Asia Pacific region is one of the biggest exporters of furniture worldwide and had accounted for more than 45% of the global wooden furniture industry share in 2018. The rise in advanced manufacturing equipment, superior technical skills of workers, as well as the rise of e-commerce has tremendously changed the facet of furniture domain. Emergence of large retail players and entry of global brands in the region, coupled with increased propensity to spend on top-notch products to raise the standard of living will strengthen the consumption of furniture.

Manufacturers and large scale retail companies are expanding their reach by producing high quality furniture to meet the demands of domestic and foreign markets, contributing enormously to the Asia Pacific wooden furniture market size. With growing competition among key industry players, engaged in mergers and acquisitions as well as manufacturing of innovative products, the region can be expected to depict augmented furniture consumption over the coming years.

Notable players comprising the competitive hierarchy of the industry including Herman Miller, Inc, Samson Holding Ltd., Dorel Industries Inc., Meike International Household Products Co. Ltd., and Sauder Woodworking Co and Kimball International. Global Market Insights, Inc. has estimated that wooden furniture market size will exceed USD 580 billion by 2025.

Author NameDeeksha Pant

Industrial cooling system market to be driven by increasing infrastructural development in developing economies over 2019 to 2025

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Industrial cooling systems market size is poised to attain substantial growth over the forecast years owing to the rising investment in infrastructural development along with the ever-growing worldwide manufacturing sector. Companies are expanding their manufacturing facilities to enhance their global presence and increasing competition is encouraging the manufacturers to invest in the development of innovative and energy efficient cooling systems, invariably propelling the demand for industrial cooling systems.

France Industrial Cooling System Market, By Application, 2018 & 2025 (USD Million)

France Industrial Cooling System Market, By Application, 2018 & 2025 (USD Million)

The rate of infrastructural and industrial development in developing nations of the APAC region is steadily driving industrial cooling system market outlook. According to a study by IMF (International Monetary Fund), the Asia Pacific region has witnessed a GDP growth rate of 5.1% in the year 2019. This financial momentum implies a rapid development in different sectors of the region and the apparent increase in infrastructural enhancement as well, necessitating the establishment of a cooling system mechanism.

In 2018, the U.S. EPA launched the Affordable Clean Energy Rule (ACE) which mandates that the existing coal-fired power plants must limit greenhouse gas emissions, thus requiring the installation of energy efficient, CFC-controlled cooling systems and the overall enhancement in the industrial cooling system structure. In this context, the cooling industry has witnessed a growing demand for evaporative cooling systems owing to its various features such as minimal energy consumption and lower operating temperature.

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According to a study, the evaporative cooling systems result in 50% energy savings and the maintenance and installation cost is 25% less than that of traditional cooling systems. The basic principle behind this cooling system is similar to that of perspiration wherein a cooling tower – which is a heat rejection device – discharges warm air from the cooling tower to the atmosphere via the cooling of water. These systems require 70% less water as compared to traditional air-cooled systems, thereby reducing the formation of algae, legionella bacteria and fungi which invariably lowers the maintenance cost.

Another widely used type of industrial cooling system, especially in airports, is the hybrid cooling system. Here, the hybrid cooling towers are specifically designed to avoid any plume in cold and humid ambient conditions. These cooling systems are known to reduce the water consumption by 80% by utilizing wet cooling when it’s hot and vice versa. Hybrid cooling mechanism can be beneficial in power plants that are affected by water scarcity and other environmental impacts. Other areas where hybrid form of industrial cooling is being installed include data centers, petrochemical manufacturing plants and chiller plants, essentially favoring industrial cooling system industry trends.

When it comes to the application domain of industrial cooling system market, the food and beverages sector is emerging as one of the leading growth verticals over the last few years. Due to low shelf life of food and beverages, the sector needs an advanced, robust, cost effective and an efficient infrastructure of cooling systems.

Stringent regulatory standards and cost-competitiveness necessitates the installation of cooling systems for various food products such as meat, seafood, poultry, dairy bakery, etc. Different types of cooling systems along the likes of climate control for cheese making, process cooling for brewery and distilleries, air or water cooling for meat products, and flash freezing of certain foods are gaining popularity, benefiting the revenue portfolio of industrial cooling system market.

Speaking of the competitive hierarchy, several companies are working on research and development projects to create technologically-advanced yet cost effective methods of cooling. Moreover, a few major industry players are setting-up research centers to gain competitive edge over rivals. For example, Johnson Controls announced the setting up of 9,00,000-square-foot center of excellence design, manufacturing and testing of HVAC rooftop units in Oklahoma. Needless to mention, the launch of such technically superior research centers would drive industrial cooling system market share in the times to come.

With the establishment of many foreign manufacturing and production units in the developing nations, the demand for industrial cooling systems is rising steadily. Moreover, favorable government regulations coupled with ever-expanding application domain would increase the product demand. Many companies are aiming to provide energy efficient, low power consuming modern cooling solutions in the years to come, which would accelerate industrial cooling system industry size in the forthcoming years.

Author NameShreshtha Dhatrak

APAC ship plate market to garner significant proceeds between 2019-2025

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Increased demand for long distance freight shipping will foster global shipbuilding industry, thereby driving ship plate market trends. The shipbuilding industry continually requires large quantities of structural steel plates primarily to build ship’s hull, main deck and sides. The product is designed to offer enhanced features like high tensile strength, corrosion resistance, reduced ship weight and lower cost maintenance. It also provides good welding performance, processing performance and high surface quality.

China Ship Plate Market, By End-user, 2014 – 2025 (USD Billion)
China Ship Plate Market, By End-user, 2014 – 2025 (USD Billion)

With rapid development in the marine industry, ship plate market will witness exponential growth over coming years. Ship building industry trends such as demand for new, more environmentally friendly ships will further bolster ship plate market size. Moreover, rise in ship renovation and modification activities will augment product demand, fostering ship plate market growth.

Based on the product spectrum, ship plate market comprises two segments namely carbon steel and stainless-steel plates. Modern cargo tanks are mainly constructed using stainless steel plates owing to their superior mechanical properties and considerable corrosion resistance. Stainless steel differs significantly from standard carbon steel, primarily owing to the presence of chromium which reduces surface corrosion and unlike carbon steel doesn’t get easily rust when exposed to air and moisture in sea.

These key properties have led to increased traction gained by stainless-steel plates market in the manufacturing of tanker vessels that carry toxic chemical products. Rapid growth in steel manufacturing industry along with development of enhanced materials will augment the growth of stainless-steel ship plate industry size.

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In the modern ship building industry, a combination of duplex stainless steel and stainless clad steel are used to build cargo tanks which offer greater strength and excellent corrosive resistance. With increasing use of chemical tankers, carriers, and containers, stainless steel plate is expected to dominate ship plate market share in upcoming years.

Asia Pacific will secure about 90% of the global ship plate market share over the forecast period. Factors like increasing shipbuilding activities, availability of shipbuilding infrastructure and supportive government investment will drive regional ship plate market growth. Moreover, presence of shipbuilding conglomerates like China Shipbuilding Industry Corp., Mitsubishi Heavy Industries, Hyundai Heavy Industries, China State Shipbuilding Corp. and Samsung Heavy Industries will support ship plate industry expansion.

Credible reports cite that Asia’s shipbuilding industry share is rapidly expanding, with China, Korea, and Japan accounting for over 85% of global production. Technological advancements in the shipping industry is estimated to propel market size. For example, in 2019, China unveiled the world’s first intelligent Very Large Crude Carrier (VLCC) with a capacity of over 2.257 million barrels, trends  that are likely to drive ship plates demand.

Adoption of novel shipbuilding technologies coupled with rising investments will accelerate industry outlook in the future. For instance, in 2019, China Shipbuilding Industry Corp. (CSIC) announced plans to speed up development of intelligent manufacturing processes at its shipyards as part of its efforts to build high-end ships. Furthermore, CSIC recently signed agreements worth 14.3 billion yuan (around USD 2 billion) with domestic and global shipowners & customers in the shipbuilding, ship-financing and ship-leasing sectors, thus adding further credibility to the promising forecast for APAC ship plate market.

Increase in number of new cruise ship orders will drive Europe ship plate industry size. The region’s shipbuilding industry is renowned for construction of complex vessels like cruise ships, ferries, yachts, and dredgers. It also boasts of a strong position in building submarines and other naval vessels. The region has secured significant number of shipbuilding orders in past couple of years.

In 2019, European cruise firm Riviera River Cruises announced plans to launch its sixth all-suite ship by 2020. In 2018, privately owned European operator MSC Cruises had announced orders for four ultra-luxury cruise ships worth over €2 billion euros (US $2.3 billion), with the first among these expected to go operational by spring 2023. With growing investments and cruise firm expansion, the Europe ship plate market size is anticipated to record momentous growth over the forecast period.

Ship plate market is primarily driven by rising development of new ship vessels and increase in trade activities facilitated by ship freight. Increasing use of stainless-steel plates owing to their excellent mechanical properties and corrosion resistance will boost industry size. Moreover, increasing shipbuilding activity in the Asia Pacific and Europe is anticipated to drive ship plate industry growth. Global Market Insights, Inc. estimates ship plate market size to surpass USD 38 billion by 2025.

Author NameMateen Dalal

APAC flanges market to amass significant proceeds by 2025

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Rapid industrialization and urbanization across developing nations are expected to drive flanges market growth. Flanges are effective metal parts that connect different pipes, valves, pumps and other equipment to form a pipeline system. They are mostly used for the joining process after welding and offer immense flexibility for pipeline maintenance. Flanges act as a vital component for systems that require regular cleaning, inspection or modification.

Flanges come in different material types like stainless steel, aluminum, brass, cast iron, bronze, plastic etc. and are increasingly used in industries like oil & gas, petrochemicals, chemicals, and power generation. Growing investments across the oil & gas sector coupled with supporting government plans will expand flanges market size. For instance, in 2018, the Government of India announced plans to invest USD 9.97 billion to expand its gas pipeline network across the nation.

U.S. flanges market, size, by end-user, 2014 – 2025 (USD Million)
U.S. flanges market, size, by end-user, 2014 – 2025 (USD Million)

By shape, weld neck flanges segment will account for about 60% market share by 2025. The product is increasingly used in critical application that comprise conditions like high temperature, high pressure, volatile and hazardous fluids, and temperatures around sub-zero range.

Weld neck flanges are machined to match a connecting tube’s internal diameter, eventually offering reduced friction and avoiding turbulence to gain less vibration and smoother, low noise flow. It offers more accurate and easier pipe alignment, effectively saving time on installation. Moreover, it offers excellent stress distribution and can easily be radiographed for detecting flaws.

The socket weld flanges segment has also attained significant market penetration in recent years. It is mostly used in smaller sizes due to its ease of application and accurate alignment. It is also used in high-pressure system like in chemical processes, hydraulic and steam distribution lines that do not transfer highly corrosive fluids.

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The product offers higher fatigue strength, approximately 50% greater than double-welded slip-on flanges. With such profound features, both weld neck and socket weld flange segments will record increased demand over the forecast period, supplementing flanges industry size.

As far as material is concerned, stainless steel has witnessed increased demand in water treatment plants. The material possesses higher corrosion resistance, allowing it to perform well at times of maximum flow rates. Industries are increasingly opting for high grade, low carbon stainless steel flanges owing to their ability to work with various wastewater management operations more effectively.

In addition to water treatment plants, stainless steel flanges are also used in petrochemicals, offshore oil drilling operations, power generation, sea water equipment, gas processing systems and more. Reliable reports suggest that the segment will account for approximately 45% of the total flanges market share by 2025. Moreover, the material’s environment friendly and cost-effective properties are estimated to encourage industry adoption, fostering market size.

APAC flanges market is estimated to register commendable proceeds from wastewater management application. With expanding population and urbanization, wastewater management has become crucial across developing nations. Flanged pipes are mostly used in water and wastewater treatment plants due to their ease of assembly and disassembly. Increasing investments and government initiatives to support water conservation will propel flanges industry size across the region.

In India, the Karnataka state government recently submitted a draft policy and action plan for using recycled wastewater, under which it calls for reusing over 20% secondary treated water in the state by 2020. Such initiatives will make way for new growth opportunities in the wastewater management sector, driving APAC flanges market growth.

Flanges market is witnessing immense traction on account of increasing product application in end-user industries like oil & gas, chemical and water treatment. Growing awareness regarding wastewater treatment and supportive federal initiative will propel product demand. Global Market Insights, Inc. estimates flanges market size to exceed USD 6 billion by 2025.

Author NameMateen Dalal

Residential applications to drive asphalt shingles market share

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Rapid surge in urban migration and the subsequent growth of residential complexes is estimated to drive asphalt shingles market in coming years. Seeking better financial growth opportunities, a large chunk of the world’s rural population is increasingly migrating to urban areas, especially metropolitan cities. This population shift is creating immense demand for the global construction sector, especially the residential segment, fueling asphalt shingles industry share.

U.S. Asphalt Shingles Market Size, By Product, 2018 & 2025, (Million Square Meters)
U.S. Asphalt Shingles Market Size, By Product, 2018 & 2025, (Million Square Meters)

Given that economic prosperity is the primary motivating factor that is compelling people to migrate to urban areas, a majority of migrants are on extremely tight budgets until they attain stability in their venture. For this very reason, at first instance, migrants search for affordable accommodation.

The global asphalt shingles industry capitalizes on the migration trend to bring in business growth. In fact, the ideal growth conditions of asphalt shingles market go hand-in-hand with the unique housing demands created by urban migration. According to Sentry Roof Services, LLC., asphalt shingles are extremely affordable and do not require any major preparatory work or additional structural support to be installed; further increasing their affordability.

Asphalt shingles have been around for more than 100 years. According to Home Advisor Pro, the roofing solution dominates the world’s steep-slope roofing industry and accounts for more than 80% of all residential roofs. Shifting trend toward reroofing for durability, waterproofing, and economic benefits is slated to augment asphalt shingles industry size.

The low lifespan of asphalt shingles – an average of 12 to 20 years was considered as a major hindrance that obstructed industry outlook. However, with prominent trends of construction & demolition recycling, asphalt shingles industry is slated to witness a plethora of application opportunities including implementation in road repairs.

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The asphalt shingles recycling trend is slated to witness a renewed momentum in the coming years. As per reliable studies, recycled asphalt shingles (RAS) used in hot-mix asphalt to pave roads helps to enhance the pavement’s performance by lowering instances of cracking and rutting. The benefits associated with the recycling of these materials will further fuel the industry expansion.

Currently, many asphalt shingles recyclers are generating revenue in terms of gate charge by accepting old shingles. According to the Balance Small Business, more than two million tons of old asphalt shingles were repurposed to be utilized in payment across the U.S. back in 2015, saving approximately $2.6 billion in taxpayers’ money. Several after-use benefits associated with asphalt shingles will further strengthen market trends. The escalating pace of asphalt mixing plants market size also provides substantial proof that the demand for asphalt shingles is on a rise.

Use of old asphalt shingles in manufacturing new roofing solutions also curtails environmental concerns as more than 20% of recycled products can be used to create new products without adversely impacting production while facilitating substantial energy savings. The accelerating growth rate of asphalt-based roofing underlayment market aptly proves the aforesaid.

A study conducted by Home Advisor Pro discovered that asphalt shingles are the lightest roofing solutions available in the market today. Standard concrete roofing shingles weigh somewhere between 9.5 to 12 pounds per sq. foot whereas asphalt shingles only weigh somewhere between 2.5 to 4 pounds per sq. foot. In regard to this, increasing preference for minimalistic aesthetic properties among the people is estimated to enhance asphalt shingles market share. Moreover, these materials are less likely to have any detrimental effect on the building’s structural integrity in the long run, promoting market expansion further.

Regionally, the U.S. asphalt shingles market is anticipated to witness significant business growth over the study period. The use of these materials in housing development projects such as tract houses and in tandem with the material’s demand in maintenance and reinstallation activities will foster market growth through 2025.

In terms of revenue, a research report by Global Market Insights, Inc., estimates the worldwide asphalt shingles market share to surpass annual remunerations of $9.5 billion by 2025.

Author NameAkshay Kedari

O&G applications to drive homopolymer acrylic filter bags market share

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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.

Germany Homopolymer Acrylic Filter Bags Market Size from Singeing & Calendering Surface Finish, By Application, 2018 & 2025, (Million Units)

Germany Homopolymer Acrylic Filter Bags Market Size from Singeing & Calendering Surface Finish, By Application, 2018 & 2025, (Million Units)

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.

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Lately, oil and gas firms are increasingly focusing on deploying equipment such as filter bags in their facilities that would enable the reduction of harmful emissions and substances. Prolonged exposure to petroleum fumes can cause life-threatening nervous system and respiratory ailments. Therefore, homopolymer acrylic filter bags are being preferred by oil majors to absorb the hazardous petroleum fumes.

This trend will majorly drive homopolymer acrylic filter bags market share. Global Market Insights, Inc., forecasts that homopolymer acrylic filter bags industry size from oil and gas application will exceed USD 40.5 million by the year 2025.

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.

The dependency of the power generation domain on conventional fuels will lead to advanced deployment of filter bags to reduce emissions in the power generation utilities and maintain environmental standards. This would also lead to expansion of the global filter bags market.

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 based 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.

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 industry growth.

Homopolymer acrylic filter bags are majorly used in myriad applications such as oil and gas, chemical, metal, power generation, pharmaceutical, cement, and food & beverage. This will lead to an expansion in the consumer base of homopolymer acrylic filter bags market in the years to come.

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

Author NameSaif Ali Bepari