Industrial filters are used for the separation of pollutants and other harmful substances present in the liquid and air filter media used for several industrial applications. The most popular filter media available in the market are woven fabrics, nonwoven fabrics, mesh, fiberglass, activated carbon, and filter paper. These industrial filter media are used in industries such as food & beverage, metal & mining, chemical, pharmaceutical, power generation, pulp & paper, and textile. _______ 1. Micromarkets are defined as subsegments of the industrial filters market included in the report. 2. Core competencies of the companies are determined in terms of their key developments and strategies adopted to sustain their position in the market.
Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and the adoption of growth strategies. These players have a broad product offering that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and their well-established brand equity.
Dynamic Differentiators are established players with very strong business strategies. However, they have a weaker product portfolio compared to the visionary leaders. They generally focus only on a specific type of technology related to the product.
Innovators in the competitive leadership mapping are vendors that have demonstrated substantial product innovations as compared to their competitors. The companies have focused on product portfolios. However, they do not have very strong growth strategies for their overall business, when compared with the visionary leaders.
Emerging companies have niche product and service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market, emerging in terms of product portfolio and geographic reach, and require time to gain significant traction in the market.