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Global Filter Cartridge Market 2012-2016

Global filter cartridge market: 3.6% CAGR growth between 2012-16


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2014-01-30 04:57:02 - Global Filter Cartridge Market 2012-2016 - a new market research report on companiesandmarkets.com

The Global Filter Cartridge market is to grow at a CAGR of 3.67 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand from process industries. The Global Filter Cartridge market has also been witnessing the development of next-generation filter cartridges. However, the increasing threat of rivalry could pose a challenge to the growth of this market.

One of the main trends witnessed in the Global Filter Cartridge market is the development of next-generation filter cartridges. The Global Filter Cartridge market is witnessing the emergence of technological advancements. Many vendors are investing heavily in R&D activities to develop advanced and next-generation filter cartridges. For instance, the emergence of nanotechnology is leading to

 

 

the development of nano-fiber materials for non-woven filter cartridges. Similarly, bi-component fibers, pleated ceramic materials, and surface-modified fibers are some of the other recent developments relating to non-woven filter cartridges. Thus, vendors are developing next-generation filter cartridges to gain an edge over their competitors in this market.

One of the main factors driving the market is the increasing demand from process industries globally; the Process industry is growing at a high rate, which in turn is creating more opportunities for the Global Filter Cartridge market. In addition, the Process industry is growing at a faster rate in developing countries than in developed countries.

One of the main challenges is the increased threat of rivalry. The market is not only experiencing an intense and escalating price war, but it is also facing a threat from low-cost vendors. Many local vendors from the APAC region are offering low-cost non-woven filter media products and consumables, which affects the sales of international vendors.

The key vendors dominating this space include 3M Co., Merck KGaA, Pall Corp., and Parker Hannifin Corp.

The other vendors mentioned are Brita GmbH, Clarcor Inc., General Electric Co., Proctor & Gamble Co., Sartorius AG, and Siemens AG.

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Mike King
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