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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 their 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 the environment clean and reduce the wear and tear of machinery. Rapid industrialization coupled with growing urbanization has raised the demand for industrial filters, expected to drive the market during the forecast period.

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

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

Market Snapshot

Filters with Liquid Media recorded the Largest Market Share in 2018  

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

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

The Asia Pacific Garnered Largest Market Share in 2018

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

Competitive Insights

Major players profiled in the 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 to gain a larger market share. For instance, in February 2018, Fibertex Nonwovens A/S acquired DUCI, the nonwoven manufacturer in Brazil. This acquisition will help the company to grow its business in the South American automotive market. Moreover, in July 2018, Pall Corporation 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 to the older lithographic filter material.

Frequently asked questions :

The market for Industrial Filters Market is expected to reach US$ 11.70 Bn in 2027.

The Industrial Filters Market is expected to see significant CAGR growth over the coming years, at 18.88%.

The report is forecasted from 2019-2027.

The base year of this report is 2021.

Pall Corporation, Alfa Laval AB, 3M, Eaton Corporation Plc, Mann+Hummel Group are some of the major players in the global market.

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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Oct 2019
Category:  Industrial Goods
Report ID:   59977
Report Format:   PDF
Pages:   120
Rating:    4.4 (56)
Delivery Time: 24 Hours to 48 Hours   
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