The Industrial Filters market is estimated to register a CAGR of 6.44% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the global Industrial Filters market— Valmet Corporation, Sefar AG, Lydall AG, Ahlstrom-Munksjö, 3M, Clear Edge Filtration Inc., Freudenberg, Fibertex Nonwovens, Nordic Air Filtration, Sandler AG, and Johns Manville.
Industrial Filters Market Highlights
The global Industrial Filters market is accounted for to register a CAGR of 6.44% during the forecast period and is estimated to reach USD 5.63 billion by 2030.
The demand for Industrial Filters is on the rise, due to the rising demand for industrial filters in water treatment.
Industrial wastewater is effluent that results from raw-material processing and manufacturing from industrial and agro-industrial manufacturing plants. These wastewater streams arise from cooling, heating, extraction, reaction by-products, separation, conveyance, and quality control resulting in product rejection. Water pollution occurs when potential pollutants in these streams reach certain amounts, causing undesired alterations to a receiving waterbody. Industrial wastewater includes effluent from chemical, pharmaceutical, electrochemical, electronics, petrochemical, and food processing industries. Agro-industrial wastewater includes those arising from industrial-scale animal farming, slaughterhouses, fisheries, and seed oil processing, amongst others. Agro-industrial wastewater can be very strong in terms of pollutant concentrations and hence can contribute significantly to the overall pollution load imposed on the environment. This necessitates the need for treating the effluent water because, if not treated, the contaminated water may cause gastrointestinal problems, diarrhea, nausea, dehydration, and even death.
Industrial filters are used to reduce total dissolved solids, heavy metals, organic pollutants, viruses, and bacteria and synthetic organic chemicals in the wastewater generated by the industrial sector. There are various types of industrial filters available that are widely used by industries worldwide. One of the major reasons for the use of industrial filters is stringent government regulation on the disposal of wastewater. For instance, the Clean Water Act established by the US Environmental protection Agency has set NPDES, National Pollutant Discharge Elimination System program for setting waste discharge limits from industrial and municipal wastewater treatment facilities. Additionally, the Urban Wastewater Treatment Directive established by the European Union has set norms for the discharge of urban waste from industrial sectors and municipalities. Therefore, the imposition of stringent government regulation on wastewater disposal has led to an increase in the demand for industrial filters globally. Additionally, the need for zero discharge of industrial water has led to the adoption of industrial filters to enable plants to reuse and recycle water by numerous end-use industries, including oil & gas, pharmaceuticals, semiconductors, and printing, among others.
Moreover, the global chemicals and petrochemicals industry is experiencing exponential growth over the decades. This is due to an increase in the demand from the manufacturing and agricultural sectors. This rapid growth is likely to increase the demand for industrial filters and shape the volume demand in the market. Moreover, manufacturers are investing heavily in research & development, which leads to innovation in industrial filters. They are mainly focused on developing energy-efficient filtration systems, reducing resistance to flow, and enhancing the performance of the filtration.
Thus, high demand for wastewater treatment, and consequently industrial filters, in diverse industries is expected to drive the growth of the global industrial filters market during the forecast period.
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Segment Analysis
The global Industrial Filters market has been segmented based on Type, End-user and region.
By type, the global industrial filters market is divided into liquid filter media and air filter media. Among these, the liquid industrial filters segment held the larger market share. The high amount of spending on wastewater treatment plants and the need for clean water drives the demand. Moreover, the demand for zero charge and zero emission and adoption of advanced water equipment is expected to promote the demand for industrial filters over the forecast period. Liquid filtration involves the removal of contaminant particles in a fluid system. The grade of filter chosen for a specific application is usually determined by the size of the particle to be removed. Contaminant particles are measured using the "micron" unit of measurement. Liquid filtration equipment includes bag filter housings, multi-cartridge vessels, sanitary systems, baskets & strainers, ceramic filters, and membrane filters. These liquid filtration systems can be delivered in different materials such as plastic, polypropylene, (coated) carbon steel, and stainless steel can be polished for specific applications such as food and beverage, chemical, refining, offshore, oilfield, pharmaceutical, cosmetics, metalworking, textile mills, shipbuilders, microelectronics, and water treatment industries. Filter cartridges and filter bags can be offered in absolute and nominal micron rating ranges in materials or media such as nylon, polypropylene, polyester, stainless steel, Teflon, cotton, micro glass fiber and cellulose in pleated polypropylene, resin bonded, melt blown, and string wound versions or with activated carbon media. With strict government regulations to filter the discharges of pollutants into the water bodies, investment in the wastewater treatment plant is expected to drive the growth of the liquid filter media industrial filtration market.
Based on end-use industry, the global industrial filters market is segmented into food & beverage, chemical, metal & mining, pharmaceuticals, power generation, and others. Among these, the food & beverage industry accounted for the largest market share due high demand is attributed to increasing demand of processed foods and consumables by the large populace is likely to drive the demand in the global industrial filtration market. Industrial filters are widely used in the food & beverage industry to produce various food products such as dairy products, cooked chilled food, cooled meats, fresh prepared foods, bakery products, and confectionery.
Consumers' interest in food safety and quality is growing across the world. Filtration keeps foods fresher, prolongs a snack's shelf life, keeps beverages from spoiling too soon, and helps vegetables and fruits taste and smell more palatable. Submicron rated filters are often used to remove spoilage organisms. Even extending shelf life by three days can provide enormous economic value to the food manufacturers, the distribution channel, and the consumer.
Regional Analysis
The global industrial filters market has been studied for five key regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among these, Asia-Pacific emerged as the leading and fastest-growing segment which is attributed to the rapid industrialization in emerging economies such as India, South Korea, and Thailand. Rising industrial growth in the region results in high demand for industrial filters due to the increasing number of initiatives to minimize harmful emissions. This is exemplified by establishing the Asian Industrial Gases Association for promoting safety and industrial awareness of harmful gases and the implementation of air filters for restricting its flow.
North America emerged as the second-leading regional market owing to the presence of various companies in oil & gas, food & beverages, metal & mining, power generation, and pharmaceutical industries. The expansion of the manufacturing sector and the large consumer base in the region drive the demand for industrial filters in this region.
Key Findings of the Study
- The global Industrial Filters market is expected to reach USD 5.63 billion by 2030, at a CAGR of 6.44% during the forecast period.
- The Asia Pacific region accounted for the fastest-growing global market.
- Based on Type, the Liquid Filter Media segment was attributed to holding the largest market in 2022.
- Based on End-user, the Food & Beverages segment was attributed to holding the largest market in 2022.
- Valmet Corporation, Sefar AG, Lydall AG, Ahlstrom-Munksjö, 3M, Clear Edge Filtration Inc., Freudenberg, Fibertex Nonwovens, Nordic Air Filtration, Sandler AG, and Johns Manville
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Companies Covered | 15 |
Pages | 128 |
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