Industrial Filtration Market Share, Size, Trends, Industry Analysis Report, By Type (Air Filtration, Liquid Filtration); By Product; By Filter Media; By End- Use; By Region; And Segment Forecasts, 2024 - 2032
- Published Date:Jun-2024
- Pages: 120
- Format: PDF
- Report ID: PM4925
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
Industrial filtration market size was valued at USD 35.11 billion in 2023. The market is anticipated to grow from USD 36.75 billion in 2024 to USD 54.10 billion by 2032, exhibiting the CAGR of 4.9% during the forecast period.
Market Overview
The industrial filtration market is undergoing robust growth due to assortment of regulatory authorizations, technological advancements and continuously rising industrial sectors. Stringent environmental restriction imposed by governments globally to invest by industries in effective filtration solutions to overcome the pollution and maintain the compliance. These regulations also limit in various factors such as wastewater discharge, emissions, and product quality standards, and also convincing industries to develop and adopt advance filtration technologies to overcome these requirements.
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For instance, regulations such as NFPA, OSHA, ATEX, and EPA governs industrial quality instructing compliance standards for fume and dust control, including air filtration and ventilation systems aiming to protect employee health, prevent environmental pollution, and avoid the risk of combustible dust explosions.
In addition, there are several types of industrial filtration technologies such as membrane filtration, adsorption filtration, mechanical filtration, depth filtration, and electrostatic filtration. Industrial filtration is an essential process in various industries such as automotive, power generation, metals & mining, oil & gas, pharmaceuticals, and others to serving to eliminate contaminants and impurities from liquid and gases.
- For instance, in September 2023, K&N engineering unveiled air filtration solution an industrial group offering for industrial applications and data centers, to overcome the waste and energy utilization while maintaining high performance measures. This technology promises energy efficiency, cost savings and sustainability benefits.
Furthermore, the rising in urbanizations, industrialization and technological advancements is poise to rise in demand for the industrial filtration market. In recent years the technological advancements in filtration systems such as cost effective, more efficient, and adaptability in various industrial applications. New creations in industrial filtration systems such as nanofiltration, membrane filtration, and developed advanced filter media which expanded abilities and performance of these filtration systems anticipated to drive the growth for the industrial filtration market.
Growth Factors
Technological advancements boost demand for industrial filtration solutions
Technological advancements in industrial filtration market driving the efficiency and inventions in the industry. These advancements such as self-cleaning filters, development of new filter media products and advanced processes to replace old batch procedures. Using the internet of things (IoT) technologies in filters for last longer experience with automated filter monitoring, and higher performance products manufacturers completing the required demand for reusable and cleanable filtration techniques which offers environmental benefits and cost effectiveness.
For instance, NASA’s researchers developed advanced filtration system in Glenn Research Center such as unique multi stage filtration system to collect various types of particle sizes with less filter changes, and larger particles collection through impaction method and inertial separation on collection surfaces. This system also offers automated cleaning mechanism which lowers maintenance costs with higher efficiency and extends life of particulate capturing devices.
Increased focus on clean air and water fuels industrial filtration market growth
A rising awareness and importance of environmental quality and health concerns in water and clean air increasing the demand for industrial filtration. During the covid 19 conditions rising the demand for indoor air filtration systems for clean air in homes, schools and offices. Also, intensive impact of per- and polyfluoroalkyl substances (PFAS) in various drastic wildfire seasons which intensify the concerns about air and water quality to overcome this kind of challenges advanced filtration techniques are implemented such as high-pressure membranes and activated carbon treatments to remove contaminants and pollutants from water and air sources effectively. For instance, in January 2024, Coway introduced a cylindrical air purifier Airmega 100 is designed for small areas, with 360-degree air intake and HEPA 3 stage filtration system which filters harmful pollutants and provides healthier indoor air.
Restraining Factors
High initial investment costs pose a restraint to industrial filtration market growth
In industrial filtration systems the high investment cost is a significant barrier for market expansion basically for small and medium sized enterprises. The high investment required for the purchasing filtration equipment, installation, and constant maintenance for filtration systems puts burden on small businesses which have limited budget. Moreover, financial barriers also restrict them to invest in advanced filtration technologies as a result they are unable to source these technologies.
Report Segmentation
The market is primarily segmented based on type, product, filter media, end use, and region.
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By Type |
By Product |
By Filter Media |
By End-Use |
By Region |
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By Type Insights
Liquid filtration segment accounted for the largest market share in 2023
Liquid filtration segment accounted for largest share of the market in 2023. Liquid filtration is essential in various end use industries such as manufacturing, chemical, oil & gas, pharmaceuticals, automotive, food and beverages, and others driving the demand for industrial filtration systems. Liquid filtration involves in the process of removal of suspended solid particles, pollutants and impurities from the liquid stream and also serves in various purposes such as clarification, purification, particle removal, and separation in various applications and industries.
Air filtration segment will grow at highest growth rate over the market forecast period. Air pollution is rising due to developing industrialization in various countries such as U.S, China, India, and Japan rising the demand for industrial air filtration systems. Also, stringent regulations by government globally, such as the Clean Air Act in the U.S and also similar laws in Europe region. Furthermore, biotechnology and healthcare industries contributing the growth of industrial air filtration with focusing on air quality standards in wide range of application.
By Filter Media Insights
Activated carbon/charcoal segment held the majority share in 2023
Activated carbon/charcoal segment held the maximum market share in industrial filtration industry growth is driven by regulatory requirements and environmental concerns and rising demand in various industries. Rising focus on product quality assurance and pollution control industries are seeking for adopting activated carbon filtration systems to overcome the contaminants from air and liquids. In addition, recent advancements in filtration techniques led the development for activated carbon filtration procedures such as more efficient procedures and high-performance systems fueling the segment growth.
Fiberglass segment is anticipated to grow at fastest rate over the forecast period. Fiberglass filters have ability to handle large volume of liquids and can produce dry filter cakes, creating it essential in various industrial application. It also offers performance requirements with its cost-efficient solutions and is also compatible with different industrial processes, which contributes its adoption in widespread industries.
By End-Use Insights
Chemicals & petrochemicals segment held the majority share in 2023
Chemicals & petrochemicals segment dominated the global market with the largest share in 2023. Petrochemical plants are majorly employing filtration systems to remove impurities and contaminants from feedstocks and final products such as fertilizers, synthetic fibers and chemicals. Chemicals & petrochemicals industry incorporated with processes such as raw materials, chemicals and hydrocarbons. In addition, advancements in filtration technologies, such as membrane, activated carbon, and multimedia filtration, are improving efficiency and reducing operational costs for companies in this sector.
Pharmaceutical segment is anticipated to grow significant CAGR over the forecast period. In pharmaceutical segment product quality and employee safety is essential due to in pharmaceuticals production it contains various chemical component which are harmful to the employees if it inhaled, and in manufacturing procedures generated various flammable & dangerous byproducts for this reliable air filtration procedures are crucial for overcome these risks, minimizing downtime, protecting employee’s health, and ultimately improving profitability.
Regional Insights
North America region dominated the global market in 2023
North America region dominated the global market. This significant share is attributed to the growing base manufacturing industries in this region. Industries in this region have made significant investment and comply with regulations set by agencies such as WHO and EPA. Healthcare and power generation industries in this region also supporting the market growth. In addition, rapid digitalization worldwide is rising the demand for microelectronics and semiconductors industries, also region is one of the most pollution power industries, with coal contributing to power generation creating opportunities for the market.
Key Market Players & Competitive Insights
Strategic partnerships to drive the competition
The industrial filtration market is highly competitive. Companies competing on product quality, innovation, pricing, and service. Customization plays a pivotal role, meeting diverse industry needs effectively. Marketing efforts boost brand visibility and engagement.
Some of the major players operating in the global market include:
- 3M
- Ahlstrom-Munjsko
- Alfa Laval Inc.
- American Air Filter Company, Inc.
- Aqseptance Group
- Donaldson Company, Inc.
- Dorstener Wire Tech
- Filtration Group
- Freudenberg Filtration Technologies SE & Co. KG
- Graver Technologies
- Hollingsworth & Vose Company
- Lydall, Inc.
- Mann + Hummel
- Markel Corporation
- Mott Corporation
- Pall Corporation
- Parker Hannifin Corp.
- Universal Filtration
Recent Developments in the Industry
- In January 2024, Willow Industries launched WillowAir, an advanced air filtration system for the cannabis industry, ensuring safer workplaces and higher product quality by removing airborne contaminants and pathogens. The MERV 13 rated system filters particles as small as 0.3 microns, offering scalable solutions for various operational areas without additional components like UV or Ozone.
Report Coverage
The industrial filtration market report emphasizes on key regions across the globe to provide better understanding of the product to the users. Also, the report provides market insights into recent developments, trends and analyzes the technologies that are gaining traction around the globe. Furthermore, the report covers in-depth qualitative analysis pertaining to various paradigm shifts associated with the transformation of these solutions.
The report provides detailed analysis of the market while focusing on various key aspects such as competitive analysis, type, product, filter media, end-use, and their futuristic growth opportunities.
Industrial Filtration Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 36.75 billion |
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Revenue forecast in 2032 |
USD 54.10 billion |
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CAGR |
4.9% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
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Segments covered |
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Regional scope |
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Competitive Landscape |
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Report Format |
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Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
FAQ's
The key companies in Industrial Filtration Market are 3M, Ahlstrom-Munjsko, Alfa Laval, American Air Filter Company, Aqseptance Group, Donaldson Company
Industrial filtration market exhibiting the CAGR of 4.9% during the forecast period.
Industrial Filtration Market report covering key segments are type, product, filter media, end use, and region.
The key driving factors in Industrial Filtration Market Increased focus on clean air and water fuels industrial filtration market growth.
Industrial Filtration Market Size Worth $ 54.10 Billion By 2032.
