Air Filtration Insights

Air Filtration Insights

No. 20 February 2014

WELCOME

This bi-weekly Air Filtration Insight provides excerpts from the McIlvaine Air Filtration and Purification World Markets. It also provides excerpts from related publications. The market report provides the latest forecasts, market shares and insights relative to technology and opportunities.

In the past, the companies making air filter media were distinct from those making dust collector filter media. But this is all changing thanks to acquisitions. This consolidation is being tracked in both the Air Filtration & Purification World Market and World Fabric Filter and Element Market reports published by the McIlvaine Company. (www.mcilvainecompany.com)

The combined market for air filtration and dust collector media next year will be $4.1 billion.

World Region Top of Form Bottom of Form	Air Filter	Dust Collector	Total
Africa	63	41	103
CIS	98	55	153
East Asia	747	799	1,546
Eastern Europe	48	36	85
Middle East	93	52	145
NAFTA	795	279	1,074
South & Central America	103	106	209
West Asia	101	113	214
Western Europe	471	198	669
Total	2,519	1,679	4,198

East Asia will be the largest market followed by NAFTA. The indoor air filtration market is larger than the dust collector media market, but much of the same media is used in the lower temperature applications. The difference is that there are a number of high priced media constructions used for high temperature dust collection. This is where a double-digit growth rate is likely. Thus, the dust collector media companies have become attractive acquisitions for air filter media companies.

There has been considerable consolidation with air media companies buying dust collector media companies, filter suppliers buying media companies and media companies buying other media companies. Lydall has just acquired Andrew. This will add revenues close to $100 million just in dust collector media and finished bags. In North America, Andrew has been primarily a media supplier, but in the rest of the world, it furnished finished bags. Clarcor has purchased BHA from GE, thus adding dust collector bag and media revenues. Nederman purchased Menardi and Filtration Group purchased Clear Edge.

New technology will drive the industry. Several suppliers have successfully combined NO_xreduction and particulate removal with ceramic fibrous filter media with attached or embedded catalyst. This new media is a big improvement over older monolithic block designs which did not lend themselves to cleaning. Thousands of these elements are now in use on power generation facilities burning biomass and other solid fuels. Others are used in conjunction with driers and kilns.

The combination of membranes and application to pleated media is another step forward. Several developments involve mercury capture. One company just introduced a coating which will absorb mercury. Even though the mercury is not purged, there is enough capability to function at high efficiency through the expected two to three year life of the bag. Another variation uses a membrane module for mercury capture. Successful commercial experience has been obtained in Minnesota at a large coal-fired power plant.

While 2013 didn't exactly go out with a roar, it put in a solid showing. According to the advance report by the Bureau of Economic Analysis, real gross domestic product grew at an annual rate of 3.2% in the fourth quarter. Against a 4.1% annual rise in the third, this marked the best back-to-back quarterly performance in nearly two years…(The remaining text is not included in this sample.)

India’s economic growth is likely to accelerate 5.6% in 2014-15 from the projected growth of less than 5% in the current fiscal ending March, according to economic think-tank NCAER.

For the current financial year the country’s gross domestic product (GDP) growth is expected to remain in the range of 4.7 to 4.9%, the National Council of Applied Economic Research (NCAER) said in a report. (The remaining text is not included in this sample.)

China

China's economy grew at a faster pace last year than the government's official target, even as Beijing sought to implement painful economic reforms.

Gross domestic product grew by 7.7% in 2013 over the previous year, according to China's National Bureau of Statistics, a performance that matched the median estimate of a CNN Money survey. Full-year expansion was supported by 7.7% growth in the final quarter of the year, beating the survey forecast of 7.6% by a whisker. (The remaining text is not included in this sample.)

Indonesia's economy likely grew less than 6% in 2013, marking its slowest pace of growth in four years, as the end of a commodity boom hit exports and a widening current account deficit undermined investor confidence. (The remaining text is not included in this sample.)

EUROPE / AFRICA / MIDDLE EAST

Mozambique

Mozambique’s mineral-rich economy, one of the Africa’s fastest growing, will expand by 8.1% in 2014 and about the same in 2015, but could achieve higher growth rates if ageing railways to export coal are improved, the central bank governor said. 9The remaining text is not included in this sample.)

Spain

While the rest of Spain's economy is either stagnant or in decline, a new report shows that the so-called submerged economy is booming and accounted for 24.6% of GDP in 2012, 6.8% higher than in 2008. (The remaining text is not included in this sample.)

United Kingdom

The UK economy grew 0.8% in quarter ended in January, according to data provided by NIESR following 0.7% growth in the quarters ended in December, November and October. (The remaining text is not included in this sample.)

A complete analysis of GDP and Monthly Updates for individual countries are included as part of Air Filtration & Purification World Market.

This includes only projects where there was an update during the month. There are thousands of projects in the database.

Project Title	First Entry Date	Location	Startup date
Lonesome Creek 1,2,3 peaking power plant-Basin Electric	2/1/2014	ND	2014
Minergy Coal power plant in Balingasag	11/1/2013	Philippines	2015
Pioneer 1,2,3 peaking power plant-Basin Electric	6/1/2012	ND	2014
Panay power plant-SMC Global Power	4/1/2012	Philippines	2016
Phividec Industrial Estate CFB power plant-Filinvest Development Corp.	6/1/2011	Philippines	2016
Pio Pico Energy Center peaking-San Diego Gas & Electric	5/1/2011	CA	2015
Krishnapatnam Phase 1-Thermal Powertech Corp. India	5/1/2010	India	Unknown
Rajpura supercritical power plant-Punjab State Electricity Board	11/1/2008	India	2014
Elgin peaking plant	4/1/2001	IL	2002
Swanbank combined cycle power plant	11/1/2000	Australia	2002
Grand Tower combined cycle		IL	2001
Gibson City peaking plant		IL	2000

New power generation projects are tracked in two publications. Fossil and Nuclear Power Generation includes both market forecasts and project data. World Power Generation Projects has just the project data.