Industrial Filters Market By Media Type (Air, Liquid and Gas), By End-use Industry (Food & Beverages, Metal & Mining, Chemical, Pharmaceutical, Automotive, Power, Petroleum and Others) - Growth, Future Prospects and Competitive Landscape, 2019 – 2027

Overview:

The industrial filters market is expected to reach US$ 5.03 Bn in 2027, growing at a CAGR of 6.09% during the forecast period from 2019 to 2027. Industrial filters find its applications in many industries such as food & beverages, mining, chemical, pharmaceutical and power etc. They are used for cleaning and treating industrial oil, liquid, gases and water and also for removing dust and dirt in chemical and pharmaceutical industries and several others. Therefore industrial filters are used to keep environment clean and reduce wear and tear of machinery. Rapid industrialization coupled with growing urbanization has risen the demand for industrial filters which in turn is expected to drive the industrial filters market during the forecast period.

Globally there is rapid growth in industrialization. It influenced the growth of power generation and mining industry. This has demanded the sustainable development for environmental cause. Industrial filters can be used for processed water, waste water treatment and for clean air and oil filtration. This has influenced the market of industrial filters in recent years.

Rapid industrialization also turning urbanization at fast rate. As of 2018, around 4.196 Bn people (55.2% of total world population) is accounted as urban population. Rapid urbanization has rising demand for clean energy, pure water, and increased food supply. In these industries, industrial filters are mainly used for filtration of water, oil and for clean air. Growth of automotive and food & beverages industries has influenced the demand for industrial filters which in turn driving the industrial filters market globally. 

Market Snapshot 

Industrial Filters Market

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Filters with Liquid Media recorded the Largest Market Share in 2018  

In 2018, liquid media filters have registered the largest share in market. It accounts more than 35% share in industrial filters market. It finds its applications in industries such as food & beverages, pharmaceuticals, power, chemical and mining, etc., among others. In addition to this, strict laws for treating industrial and municipal waste has also influenced the demand for liquid filters.   

Furthermore, degrading air quality along with global warming have forced countries to form laws for reducing air pollution. Government initiatives (such as UK’s “Clean Air Strategy, 2019”) for improving air quality also encouraged the demand for air filters. It is expected that the market share of air filters to speed up during the forecast period.

Industrial Filters Market

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Asia Pacific Garnered Largest Market Share in 2018

In 2018, Asia Pacific led the industrial filters market worldwide. The region is expected to witness a considerable growth during the forecast period. Asia is the fastest growing economic region. Rapid industrialization in countries such as China, India and countries of ASEAN group has triggered the demand for industrial filters in Asia Pacific. In addition to this, strict environment laws for waste management (such as India’s “Waste Management Rules, 2016”) are supporting the demand for industrial filters in Asia Pacific.

Industrial Filters Market

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Competitive Insights

Major players profiled in industrial filters market include Pall Corporation, Alfa Laval AB, 3M, Eaton Corporation Plc, Mann+Hummel Group, Cummins Filtration Inc., Ahlstrom-Munksjo Oyj, ClearEdge Filtration Group Corporation, Nordic Air Filtration, Fibertex Nonwovens A/S, Sefar AG, Freudenberg Filtration Technologies, and Sandler AG, etc. among others. These companies are adopting several strategies such as acquisition and new product launch for gaining larger market share. For instance, in February 2018, Fibertex Nonwovens A/S has acquired DUCI, the nonwoven manufacturer of Brazil. This acquisition will help the company to grow its business in South American automotive market. Moreover, in July 2018, Pall Corporation has introduced their new filter rated at 5 nm with PTFE media. PTFE media is ideal for lithography solvent. The new filter offers improved pressure drop and cleanliness properties than older lithographic filter material.

Industrial Filters Market

Historical & Forecast Period

The research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

Industrial filters market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global industrial filters market based on media type, end-use industry and geography. Key segments covered in the report are as follows:

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 Media Type Segment (2017–2027; US$ Bn)
 • Air
 • Liquid
 • Gas

 End-use Industry Segment (2017–2027; US$ Bn)
 • Food & Beverages
 • Metal & Mining
 • Chemical
 • Pharmaceutical
 • Automotive
 • Power
 • Petroleum
 • Others

 Geography Segment (2017–2027; US$ Bn)
 • North America (U.S. and Rest of North America)
 • Europe (U.K., Germany, France, and Rest of Europe)
 • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
 • Rest of World (Middle East & Africa (MEA), Latin America)

Key questions answered in this report

  • What was the market size of industrial filters market in 2018 and forecast up to 2027?
  • What are the key factors driving the global industrial filters market?
  • What are the key market trends and high-growth opportunities observed in the industrial filters market?
  • Which is the largest regional market for industrial filters market?
  • Which segment will grow at a faster pace? Why?
  • Which region will drive the market growth? Why?
  • Which players are leading the industrial filters market?
  • What are the sustainability strategies adopted by the key players operating in the market?
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Published Date:  Oct 2019
Category:  Industrial Goods
Report ID:   59977
Report Format:   PDF
Pages:   120
Rating:    4.4 (56)
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