Press Release / Technology / Gas Phase Filtration Market by Type (Packed Bed, and Combination) worth 2.17 billion $ by 2023

Gas Phase Filtration Market by Type (Packed Bed, and Combination) worth 2.17 billion $ by 2023

Gas phase filtration technology is used to remove mal-odorous, harmful, corrosive, acidic, and toxic gases and associated odors from air streams of data centers, server rooms, cold storage, and research labs, among many other in-house facilities. Adsorption-based gas phase filters improve the indoor air quality (IAQ). The overall gas phase filtration market is estimated to be worth USD 1.73 billion by 2018 and is expected to reach USD 2.17 billion by 2023, at a CAGR of 4.55%. The key driving factors for the growth of this market are the awareness of the impact of poor indoor and outdoor air quality on human health and need for clean air, high emphasis on filtration of corrosive, toxic, and odor-generating gases in industries, and implementation of strict government regulations to protect the environment. The developments in the gas phase filtration market through organic and inorganic growth strategies, such as agreements, contracts, joint ventures, product launches and developments, acquisitions, and expansions, have also been boosting the market growth.
During 2018–2023, the market for combination filters is expected to grow at the highest CAGR during the forecast period. Due to the increasing traffic, population, industrialization, and industrial waste, many harmful toxic gaseous contaminants are released into the environment, thereby affecting the air quality and creating health issues.

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Based on media of gas phase filters, the market for blended media filters is expected to grow at the highest CAGR during the forecast period. This growth is attributed to the rising adoption of blended filters in the industrial sector for handling multiple gases at the same time.
Between applications, the gas phase filtration market for odor control is expected to grow at higher CAGR between 2018 and 2023. Odorous gases are released with the use of chemicals in industrial environments, which, in turn, has boosted the demand for gas phase filtration products for odor control applications in industries such as pulp & paper and wastewater treatment.

The gas phase filtration market in APAC is expected to grow at the highest CAGR between 2018 and 2023. This growth is due to the high economic prosperity witnessed by several emerging economies such as China and India. Further, several international companies have built their manufacturing plants in APAC owing to the easily available raw materials and low-cost labor.

Additionally, new power generation stations are also being set up in the region to fulfill the growing demand for energy from several industries. All these factors are expected to fuel the growth of the gas phase filtration market in APAC.