Filtration and Drying Equipment Market $2.79 Bn By 2032 CAGR 8.3%

Filtration and Drying Equipment Market Size Worth $ 2.79 Billion By 2032 | CAGR: 8.3%


The global filtration and drying equipment market size is expected to reach USD 2.79 billion by 2032, according to a new study by Polaris Market Research. The report “Filtration and Drying Equipment Market Share, Size, Trends, Industry Analysis Report, By Technology, By End-use (Food & Beverage, Chemical, Pharmaceutical), By Region, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market is poised for growth due to the rising adoption of diverse business strategies, amplified pharmaceutical investments in research and development, and the advantages provided by filtration & drying equipment in pharmaceutical applications. These equipment options, characterized by high standards and sophistication, encompass a range of temperature variations, making them increasingly popular in the pharmaceutical sector.

In the pharmaceutical sector, filtration & drying equipment play a vital role in ensuring the quality of manufactured products. With strict hygiene standards in place and the increasing production of large molecules, major pharmaceutical companies are investing in these equipment installations within their manufacturing facilities. The rising need for sophisticated drugs to treat chronic diseases like cancer and diabetes is expected to drive the global demand for this equipment in the future, contributing to market growth.

To produce sophisticated medications, pharmaceutical companies invest in advanced filtration & drying equipment. These technologies ensure the precise separation of substances, maintain the quality of active pharmaceutical ingredients (APIs), and enhance the overall efficiency of the production process. As a result, the demand for filtration & drying equipment is expected to surge, driven by the pharmaceutical industry's continuous efforts to meet the increasing demand for high-quality drugs to treat chronic diseases effectively.

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Innovations in filtration & drying equipment are creating opportunities in both existing and new markets. Advancements in energy-efficient machinery, automation, and intelligent filtration systems are gaining attention from end users. Additionally, the industry is witnessing a shift towards sustainable practices, leading to a growing demand for eco-friendly filtration and drying equipment. For instance, these systems incorporate automatic cleaning mechanisms, prolonging the life of filter media and reducing the need for frequent replacements, thereby minimizing waste generation.

Filtration & drying equipment manufacturers are actively pursuing partnerships, mergers, and acquisitions to expand their product range and increase production capacity. Additionally, they are focusing on expanding their manufacturing facilities to meet the rising demand from various application sectors.

Filtration and Drying Equipment Market Report Highlights

  • Agitated Nutsche Filter-dyers (ANFD) segment dominated the market, as it is applicable to varied industry verticals and ensures purity of the end product
  • Chemical segment accounted for the largest share, owing to its inertness to chemicals, and adherence to the quality standards
  • APAC garnered the largest share, on account of growing industries and investments in the sector
  • The global players include GMM Pfaudler, Tsukishima Holdings, HEINKEL Process Technology, Jaygo Incorporated, Amar Equipment, Shree Bhagwati Machtech, Powder Systems, and HLE Glasscoat.

Polaris Market Research has segmented the filtration and drying equipment market report based on technology, end use, and region:

Filtration and Drying Equipment, Technology Outlook (Revenue - USD Billion, 2019 - 2032)

  • Centrifuges
  • Agitated Nutsche Filter-Dyers (ANFD)
  • Others

Filtration and Drying Equipment, End Use Outlook (Revenue - USD Billion, 2019 - 2032)

  • Pharmaceutical
  • Chemical
  • Water & Wastewater Treatment
  • Food & Beverage
  • Others

Filtration and Drying Equipment, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

Filtration and Drying Equipment Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 1.48 billion

Revenue forecast in 2032

USD 2.79 billion

CAGR

8.3% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD million/billion and CAGR from 2024 to 2032

Segments covered

By End Use, By Technology, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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