Global filtration market for chemical processing industry overview
The growth of the petrochemicals and specialty chemicals industry will be one of the major factors expected to impact the market’s growth positively during the forthcoming years. Manufacturers are increasingly focusing on the production of petrochemical and chemical products such as polyvinyl chloride, polystyrene, polycarbonate, polyethylene, and polypropylene. They are also manufacturing fertilizers and specialty chemicals such as paints, coating, industrial cleaning chemicals, and catalysts, which are extensively used across a variety of fields and end-use applications. This, in turn, will drive the need for filtration products from the petrochemicals industry resulting the market to grow at a CAGR of close to 7% during 2018-2022.
Manufacturers are introducing advanced filter media such as filtration units with integrated pumps and filter media with stainless steel or aluminum mesh. They are also focusing on the development of filters such as silica-free filter media that can be used in high-temperature chemical processes without compromising the quality of the output. Such an increasing adoption of advanced filtration technology is identified as one of the key trends that will gain traction in the filtration market in chemical processing industry throughout the forecast period.
Top filtration companies for chemical processing industry covered in this market research report
The filtration market in chemical processing industry is moderately fragmented with companies focusing on integrating advanced technologies to offer high-quality products. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this filtration market research report for the chemical processing industry also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.
The report offers a detailed analysis of several filtration companies, including:
Filtration market segmentation for chemical processing industry based on geographic regions
With a complete study of the growth opportunities for the companies, the APAC region will account for the highest share of filtration market throughout the forecast period owing to the presence of some of the largest oil and gas consuming and industrial manufacturing economies. Economies including India, Indonesia, and Malaysia are improving their domestic manufacturing sector by spurring the demand for fluid filtration systems in the industrial processes. These factors will further drive the APAC region to account for the largest incremental growth during the forthcoming years.
Filtration market segmentation for chemical processing industry based on type
Liquid and gas filtration
The liquid and gas filtration type segment will account for the highest growth in the filtration market in chemical processing industry owing to the extensive proliferation across large-scale industrial applications the pharmaceuticals, chemicals, and petrochemicals industry. The report also provides an accurate prediction of the contribution of the various type segments to the growth of the filtration market size for the chemical processing industry.
Key highlights of the global filtration market in chemical processing industry for the forecast years 2018-2022:
CAGR of the market during the forecast period 2018-2022
Detailed information on factors that will accelerate the growth of the filtration market in chemical processing industry during the next five years
Precise estimation of the global filtration market size for chemical processing industry and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the filtration market in chemical processing industry across the Americas, APAC, and EMEA
A thorough analysis of the market’s competitive landscape and detailed information on several vendors
Comprehensive details on the factors that will challenge the growth of the filtration market for chemical processing companies
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