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The industrial filtration market size is forecast to increase by USD 11.40 billion, at a CAGR of 5.71% between 2023 and 2028. Market growth analysis hinges on various factors, including the escalating number of oil refineries globally, indicative of the robust demand for refined petroleum products. Moreover, the increasing investment in the chemical sector in India underscores the expanding market opportunities and the country's pivotal role in the global chemical industry. Additionally, the growing demand for high-quality filters in wastewater treatment plants reflects the heightened emphasis on environmental sustainability and the need for effective water management solutions. These factors collectively contribute to the market's growth trajectory, highlighting the interconnectedness of industries and the importance of technological advancements in addressing contemporary challenges such as pollution and resource management. As such, the market is poised for further expansion, driven by ongoing developments in oil refining, chemical manufacturing, and environmental stewardship initiatives worldwide. Our report examines historic data from 2018-2022, besides analyzing the current and forecasts market scenario.
Furthermore, the growing demand for industrial filters for the treatment of wastewater in the chemical industry is expected to drive the growth of the industrial filtration market in North America. Additionally, 3M Co. company offers industrial filtration solutions such as 3M Micro Klean RT Series filter, 3M Metal Ion Purifier SCP Series Filter cartridge and 3M Betapure AUL Series Filter cartridge. Also, Alfa Laval AB company offers industrial filtration solutions such as AL mem UF system and Lowal De alcoholizer for agriculture processing, beverage processing, biofuels, and biotechnology industries.
Market Forecast 2024-2028
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The market is witnessing a transformative shift driven by emissions regulations and the integration of IoT (Internet of Things) technologies for real-time monitoring. Sectors like petroleum refineries and petrochemical plants rely on filtration to refine products like gasoline, diesel, and jet fuel, while combating airborne particles with filter media. Various filtration methods such as ultrafiltration, centrifugal filtration, and surface filtration ensure efficient separation systems. From electrical equipment to air conditioners, air filtration plays a crucial role in mitigating airborne diseases post the industrial revolution. Activated carbon filters and air purifiers are instrumental in maintaining clean air, while water filters guarantee safe drinking water. As industries embrace sustainability, the demand for industrial filtration solutions continues to soar, reshaping the landscape of filtration technology. Our researchers studied the market research and growth data for years, with 2023 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.
As emerging countries such as India's chemical sector grows and expands, there will be an increase in demand for filtration equipment to ensure the quality and purity of chemicals. Filtration is essential in many chemical processes, including the separation, purification, and clarification of raw materials, intermediates, and finished products. The growing demand from the manufacturing, process, and agricultural sectors is driving substantial growth in the Indian petrochemical and chemical industries. India is the third-biggest chemical producer in Asia and the seventh-largest producer worldwide.
Moreover, the chemical sector supports various industries, such as agriculture, paint, construction, and leather. The uptick in the chemical sector in India is mainly attributed to the 100% FDI (Foreign direct investment) allowed by the government to encourage the industry. There are nearly 70,000 commercial products that are produced in India using chemicals. India plays a significant role in the global production of dyes and dyestuff intermediates. Therefore, the growth in the chemical sector in India is expected to affect the growth of the market positively. Hence, the growth in the chemical sector will increase the demand for high-quality industrial filters, which, in turn, will propel market growth during the forecast period.
Various governments are taking initiatives to boost the food processing sector. This is expected to propel the demand for industrial filtration equipment as it plays a critical role in preventing the contamination of food and beverages. For example, Canadian Prairie Garden Puree Products, a Manitoba-based company, has invested in new equipment and upgraded its existing operation facility to produce more types of fruits, pulse crops (chickpeas, lentils, and navy beans), and vegetables. The new equipment acquired also ensures sterile packaging.
The Indian government has initiated the Make in India program, which mainly focuses on local manufacturing. The government of India is focusing on encouraging the food processing sector in India, which will further drive the demand for industrial filtration equipment. As part of this, the government will promote the setting up of mega food parks that have common processing facilities such as pulping, packaging, storage, and logistics, and common utilities, including electricity, road, sewage facility, and water. Thus, with many governments helping to boost the food processing industry, the market is expected to witness significant growth during the forecast period.
Maintenance and downtime are critical components of industrial operations, especially in industries that rely on complex machinery and equipment such as manufacturing, energy production, and chemical processing. Maintenance is the routine inspection, repair, and servicing of machinery to ensure peak performance, dependability, and longevity. It includes both preventive maintenance (scheduled tasks to prevent equipment failure) and corrective maintenance (addressing unexpected breakdowns or malfunctions). Also, downtime refers to the time when machinery or equipment is unavailable for production due to maintenance, repairs, or unscheduled stops.
Additionally, downtime can have serious consequences for businesses, resulting in lost productivity, reduced output, missed deadlines, higher operating costs, and, ultimately, lower profitability. It can disrupt supply chains, lower customer satisfaction, and harm a company's reputation. Failures in filtration equipment can compromise the quality and consistency of final products, resulting in defects, rework, or batch rejection. Poor filtration performance can lead to product contamination, impurities, or out-of-spec materials, compromising product quality, customer satisfaction, and brand reputation. Thus, such factors will hinder the growth of the market during the forecast period.
In the market, addressing dust particles is paramount, achieved through various methods such as horizontal filtration, cross-flow filtration, and cake filtration. Moreover, ensuring clean water is essential, driving the demand for efficient water filtration systems. These technologies play a crucial role in maintaining operational efficiency and compliance with environmental regulations, underscoring their significance in industrial processes worldwide. As industries prioritize sustainability and efficiency, the industrial filtration sector continues to witness steady growth and innovation.
The industrial liquid filtration segment will account for a major share of the market's growth during the forecast period.? Liquid filtration involves separating solids from liquids through specialized filtering media, crucial for industries like food and beverage, chemical processing, and wastewater treatment to meet regulatory standards. The demand for liquid filters is driven by industries like crude oil processing, drinking water filtration, and chemical purification.
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The industrial liquid filtration segment was valued at USD 1.92 billion in 2018. Additionally, in chemical processing, filtration removes impurities from solvents and process fluids, while in wastewater treatment, it ensures clean process water for desalination and municipal plants. Manufacturers like Eaton Corp. Plc address these needs with innovative solutions, such as their HP3 series in-line mounted filters. As demand grows in sectors like chemicals, food, and water treatment, the industrial liquid filtration segment of the market is poised for expansion.
Based on application, the market has been segmented into food and beverage, chemicals and petrochemicals, power generation, and others. The food and beverage?segment will account for the largest share of this segment.? Filtration is vital in the food and beverage industry, ensuring product safety and quality by removing contaminants and microorganisms. Various filtration technologies like membrane and depth filtration are used for liquid clarification and sterilization. In beverages, filtration maintains clarity and stability, removing solids and microbes. Factors such as consumer demand for safe food, strict regulations, and technological advancements drive growth in the market. Expect increased demand for advanced filtration solutions to meet evolving industry needs.
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North America is estimated to contribute 50% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. Industrial filters play a key role in the chemical processing industry, which manufactures many of the intermediate products that are required in various sectors, such as agriculture, rubber, plastic, textiles, pulp and paper, and petroleum. The chemical processing industry in the US is undergoing significant growth due to the low cost of natural gas. Earlier, the US petrochemical industry witnessed a long-term decline due to the availability of low-cost oil and gas in the Middle East and Asia, where the growth of the industry was strong.
Additionally, the market in North America is characterized by the presence of many global as well as regional vendors. Some prominent vendors in the region are Danaher Corp. (Danaher), DuPont de Nemours Inc. (DuPont), Ecolab Inc. (Ecolab), and Xylem Inc. (Xylem). These vendors are focusing on innovation and are investing in R&D to introduce new products. The adoption of industrial filters is increasing due to the growing use of advanced technologies in equipment to improve efficiency. Government support and strict regulations regarding water treatment are expected to drive the growth of the market in the region during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Atmus Filtration Technologies Inc., Camfil AB, Danaher Corp., Donaldson Co. Inc., DuPont de Nemours Inc., Eaton Corp. Plc, Ecolab Inc., Entegris Inc., Filtration Group Corp., Freudenberg and Co. KG, GEA Group AG, Graver Technologies LLC, Hengst SE, Lenntech BV, MANN HUMMEL International GmbH and Co. KG, Parker Hannifin Corp., Pentair Plc, Russell Finex Ltd., Siemens AG, Synder Filtration Inc., and Xylem Inc.
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The market plays a critical role in addressing environmental concerns associated with plastics and other pollutants, mitigating environmental damage, and ensuring sustainability. Key factors such as filter monitoring, pressure drop, and filter replacement are pivotal in maintaining optimal filtration efficiency. Industries spanning pharmaceuticals, metals & mining, and automotive rely on diverse filtration media like Activated Carbon/ Charcoal, Fiberglass, and Nonwoven Fabric to manage contaminants. From water pollution control to air and gas filtration, industrial filtration systems, including nanofiltration and water filtration systems, are indispensable in various sectors like power plants, semiconductors, and wastewater treatment systems. As demand rises for cleaner production processes, the market continues to innovate, driven by the need for sustainable solutions and environmental stewardship.
Further, the market, propelled by the necessity to preserve natural resources and ensure sustainable practices, addresses challenges such as the disposal of waste materials and pollutants. Diverse filtration media like Filter Paper and Nonwoven segment are employed across segments such as the Activated Carbon segment and the Water filtration system industry to purify water and air. As industries transition towards renewable energy sources and sustainable practices, filtration systems become integral in processes spanning vehicle production, cement, steel, and fertilizers manufacturing. Moreover, advancements in Nanofiber filter technology cater to precision filtration needs in sectors like microelectronics, electronics, and paints and inks production. From mines and minerals extraction to raw material processing, industrial filtration plays a vital role in safeguarding environmental integrity and promoting responsible resource utilization.
Market Scope |
|
Report Coverage |
Details |
Page number |
174 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.71% |
Market Growth 2024-2028 |
USD 11.40 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.82 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 50% |
Key countries |
US, Canada, China, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., Alfa Laval AB, Atmus Filtration Technologies Inc., Boll and Kirch Filterbau GmbH, Camfil AB, Danaher Corp., Donaldson Co. Inc., DuPont de Nemours Inc., Eaton Corp. Plc, Ecolab Inc., Entegris Inc., Filtration Group Corp., Freudenberg and Co. KG, GEA Group AG, Graver Technologies LLC, Hengst SE, Lenntech BV, MANN HUMMEL International GmbH and Co. KG, Parker Hannifin Corp., Pentair Plc, Russell Finex Ltd., Siemens AG, Synder Filtration Inc., and Xylem Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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