Filter Bags Market: By New Business Developments, Innovations, And Top Companies 2016 - 2024
Prominent players operating in the global filter bags market accounted for a combined revenue share of over 66.0% in 2015, notes Transparency Market Research (TMR). Top players include Eaton Corporation, Clarcor Inc., and BWF Envirotec. The market is fairly competitive and features the presence of a significant number of small and large players. In several of the key regions, notably in Asia Pacific, regional players are putting forth tough competition to global players with their low-cost products. These regional players are also entering into alliances with domestic OEMs and vendors, in a move to gain a strong foothold in the market. International players, therefore, are focused on consolidating their sales channels and expanding their operations to tap lucrative opportunities in emerging markets. These strategic shifts will help them gain a competitive edge in various regional markets. The global filter bags market is projected to expand at a CAGR of 5.6% from 20...