Global Industrial Filtration Market was valued at US$ 24.02 Bn in 2019 and is expected to reach US$ 40.90 Bn by 2027, at a CAGR of 6.88% during a forecast period.
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Strict regulations relating to emissions & treatment of industrial waste, a necessity of a safe working environment in industrial conveniences and rapid industrialization & urbanization are some of the factors estimated to boost the market growth. Furthermore, the availability of low-cost industrial filtration Products is impeding the industrial filtration market growth.
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Industrial filtration is extensively used for eliminating impurities and other pollutions. Industrial filters have used an array of applications including cleaning and treating oils, industrial oils, gases, and water. Filters offer features such as waste disposal costs, less maintenance time and expense, reduce process downtime, and increase product quality.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by material, type, end-user and region and, project the global market size.
Liquid filtration segment is expected to lead the global industrial filtration market during the forecast period. An increasing need for wastewater treatment, chemicals, purification of drinking water, and filtration procedures are expected to increase demand for liquid filtration. These filters are used in the management of coolants and lubricants, oil, fuel, urea, food and beverages, lifeblood plasma, and wastewater. The demand for the liquid filter will remain to upsurge throughout the projected period owing to the development in the chemical, food, and beverage, and water and wastewater treatment industries. Liquid filtration reduces the time consumption and escapes luxurious replacement of contaminated tissue filters.
The nonwoven fabric is expected to share significant growth in the global industrial filtration market. These nonwoven fabric filter bags are prepared from nonwoven polypropylene fabric, which offers features such as durable, reusable, water-resistant, hypoallergenic, fire-resistant, soft, light, and occasionally washable. These bags are used in many end-user industries includes pharmaceuticals and mineral processing.
Asia Pacific region is expected to share major market share in the global industrial filtration market during the forecast period. Strict emission regulations conveyed with the necessity for clean enclosed air facilities is one of the major factors that drive the industrial filtration market in the region. Increasing growth in manufacturing, power generation, oil & gas, and food & beverage industries has positioned a great impact in the financial development of the developing economies in the region. India is also projected to grow at the wildest pace. The “Make in India” campaign is expected to increase the growth of the manufacturing sector in the country by foremost the supply chain management.
The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global industrial filtration market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
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Global Industrial Filtration Market, By Type
Global Industrial Filtration Market, By Filter Media
• Activated Carbon/ Charcoal
• Fiber Glass
• Filter Paper
• Nonwoven Fabric
Global Industrial Filtration Market, By End User
• Power Generation
• Oil & Gas
• Metals and Mining
• Process Industry
Global Industrial Filtration Market, By Geography
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Industrial Filtration Market
• Pall Corporation
• Parker Hannifin
• Alfa Laval
• Freudenberg Group
• Filtration Group
• General Electric
• Nordic Air Filtration
• Schenck Process
• Cummins Filtration
• Freudenberg Filtration Technologies
• Industrial Filtration, Inc.
• BABCOCK & WILCOX ENTERPRISES
• Clarcor Inc.
• Cummins Filtration
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