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Gas Phase Filtration Market Trends, Top Companies, Share, Growth And Forecast 2033
Gas Phase Filtration Market Trends
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According to The Business Research Company's, The gas phase filtration market size has grown strongly in recent years. It will grow from $1.99 billion in 2023 to $2.1 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to hybrid filtration approaches, healthcare facility requirements, r&d investments, specialty filtration demands, market globalization.
The gas phase filtration market size is expected to see strong growth in the next few years. It will grow to $2.6 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to tightening environmental regulations, health and safety priorities, energy efficiency focus, urbanization and air quality challenges, specialized filtration needs. Major trends in the forecast period include adoption of hybrid filtration solutions, stringent environmental regulations, industrial technological innovations.
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Market Drivers and Trends:
The growing semiconductor sector is significantly contributing to the growth of gas phase filtration market going forward. Cleanroom environments in semiconductor and electronics manufacturing require highly efficient gas phase filtration to remove contaminants and maintain the integrity of sensitive electronic components. For instance, according to the March 2023 data released by the Semiconductor Industry Association (SIA) a US-based trade association and lobbying group, the sales of semiconductor chips grew by 3.3 percent from 2021 to 2022 to reach $574 billion. Therefore, the growing semiconductor sector will drive the gas phase filtration market.
Product innovation is a key trends gaining popularity in the gas phase filtration market. Major companies in the gas phase filtration sector are focused on developing innovative products to sustain their market position. For instance, in August 2023, Camfil a Sweden-based air filter company launched CamCarb XG HVAC air filter. The CamCarb XG has a one-of-a-kind combination of high removal efficiency, low airflow resistance, and long lifetime, resulting in a very low Total Cost of Ownership (TCO).
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Major Key Players of the Market:
Camfil AB, American Air Filter Company Inc., Donaldson Company Inc., Freudenberg SE, Clarcor Inc., MANN+HUMMEL GmbH, Purafil Inc., Filtration Group Corporation, Tri-Dim Filter Corporation, Koch Filter Corporation, Circul-Aire Inc., Flanders Corporation, Airex Filter Corporation, Air Filters Inc., Air Science USA LLC, Airguard Industries Inc., Airflow Products Company Inc., Airtech Japan Ltd., Alfa Laval AB, AllerAir Industries Inc., Ametek Inc., Apc Filtration Inc., Aqseptence Group Inc., Aremco Products Inc., Asahi Kasei Corporation, Pall Corporation, Mott Corporation, Porvair Filtration Group Ltd., BWF Envirotec GmbH, CECO Environmental Corp., Clean TeQ Holdings Limited, Dürr Megtec LLC, Ecolab Inc., Emission Monitoring Service Inc., FLSmidth & Co. A/S, GEA Group AG
Gas Phase Filtration Market 2024 Key Insights:
• The gas phase filtration market size is expected to see strong growth in the next few years. It will grow to $2.6 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%.
• Addressing Air Pollution Concerns: Gas Phase Filtration Market Surges To Combat Rising Health Issues
• Gas Phase Filtration Market Witnesses Surge In Product Advancements With Camfil's Camcarb Xg Hvac Air Filter Launch
• Asia-Pacific was the largest region in the gas phase filtration market in 2023
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