Industrial Filtration Market Forecasts to 2028 – Global Analysis By Type (Air & Gas Filter, Liquid Filter), Application (Machinery & Equipment, Paper & Paints), End User (Agriculture, Automotive) and By Geography
According to Stratistics MRC, the Global Industrial Filtration Market is accounted for $27.12 billion in 2021 and is expected to reach $48.64 billion by 2028 growing at a CAGR of 8.7% during the forecast period. Industrial filtration is a process of cleaning and treating different industrial oils, gases, lubricants, and water. The main purpose of industrial filtration is to protect machinery, human life, and the environment from hazardous substances. Industrial filters are designed for specific tasks, system properties, and operating conditions. Industrial filters are used in various industrial sectors such as in the paper industry, power plants, and the automotive industry.
Enforcement of strict regulations
Implementation of strict regulations due to rising environmental concerns compels industries to install air and liquid filtration equipment. Stringent government regulations regarding the limitation of the emissions levels that are supporting the use of industrial filtration systems have been driving the market across the global level. For instance, in April 2018, Canada had introduced regulations for cutting methane emissions up to 40-45% by 2025 from the 2012 baseline. In addition, the measures by various countries' governments for addressing venting and flaring that comes from the upstream oil and gas operations further drive the air filtration market growth, especially activated carbon-based filters.
Heavy equipment and high costs
The maintenance of industrial filtration systems is difficult as they can’t handle continuous work when the system is not self-cleaned and blocked by waste particles. High capital and maintenance cost hampers the growth of the industrial filtration market. However replacement of traditional filters with advanced featured filters set to provide opportunities for industrial filtration market during forecast period.
Rapid industrialization and increasing funding activities
Increasing industrialization activities and increasing funding for industrial filtration startups and development of new products with advanced technologies. For instance, in 2019, Nanoclean Global Pvt Ltd, a nanotechnology startup that develops industrial filtration devices, had raised $600,000 in funding. During the same year, Volz Filters, the U.K. manufacturer of industrial filters had secured a funding of $650k for the development of new products and strengthening its business. In addition to these, many research and development activities are going on development of industrial filters with advanced features.
High usage of energy during industrial filtration process
A critical challenge affecting the growth of the market is the substantial usage of energy during the industrial filtration process. Processes such as ultra filtration, and centrifugal filtration account for a significant amount of energy used in the processing industry. This is anticipated to decrease the growth potential of the market.
The air & gas filter segment is expected to have the highest CAGR during the forecast period
The air & gas filter segment is growing at the highest CAGR in the market. Steps taken by governments and industries alike to cater to air pollution have added impetus to the air & gas filtration segment. Furthermore, many industries such as metals & mining, chemicals, healthcare, and food & beverage require treating their air outlets to reduce the emission of harmful gases and fumes in the environment. This is expected to fuel the growth of the air & gas filtration segment.
The liquid filter segment is expected to be the largest during the forecast period
The liquid filter segment is expected to be the largest share due to the increasing demand for liquid filtration systems for zero-emission and zero discharge from manufacturing and other industries. Also, the adoption of advanced equipment in the water and wastewater treatment industry is likely to push the liquid filtrations systems.
Region with highest share:
North America is projected to hold the largest share in the market due to the emission regulations accompanied by the need for clean indoor air facilities and the growth in manufacturing, power generation, oil & gas, and food & beverage industries has a substantial influence on the economic development of the countries in the region.
Region with highest CAGR:
The Asia Pacific is projected to have the highest CAGR in the market. High adoption of industrial filters in APAC countries such as China, Japan, India, and other countries is set to drive the industrial filtration industry as they have more industries, especially in China as it is the manufacturing hub for various industries. Additionally, various government initiatives have been pushing the industrial centrifugal filtration systems industry. For instance, in Indian Government has taken some initiatives such as a green skill development program to curb the pollution from industries that are set to drive the industrial filtration systems.
Key players in the market:
Some of the key players profiled in the Industrial Filtration Market include Ahlstrom-Munksjö, Alfa Laval, Camfil, Cummins Inc, Donaldson Company, Eaton, Filtration Group Corporation, Freudenberg Group, Lenntech B.V., MANN+HUMMEL, Pall Corporation, Parker Hannifin Corp, and Sidco Filter Corporation.
In January 2020: Ahlstrom-Munksjö expanded its industrial filtration production capacity at the Malmsey plant, Belgium. The company also expanded its production capacity for micro glass-based media at Fabiano Plentily and Turin plants in Italy. It expanded its production capacity for industrial filtration at the Bianzhou Plant, China.
In October 2019: Parker Hannifin Corp had launched Pro Tura SB which is a nano cartridge filter. It can be used for filtering industrial gases with high efficiency and greater energy savings. It also has greater resistance to moisture in the air stream.
In September 2019: Alfa Laval launched its new decanter centrifuge ALDEC G3 VecFLow. This product will help in reducing the power consumption by 30% and increase separation performance by reducing cost for sludge dewatering and thickening.
In August 2019: Mann+Hummel had acquired Hardy Filtration, a Canadian air filtration company. This acquisition is anticipated to expand the company's global footprint and manufacturing capabilities of the Tri-Dim Filter Corporation, which was acquired by Mann+Hummel in 2018.
Air & Gas Filter
Filter Medias Covered:
Non-Woven & Synthetic Fabric
Chemicals & Petrochemicals
Food & Beverage
Machinery & Equipment
Paper & Paints
Pulp Industry & Woodworking
Semiconductors & Electronics
End Users Covered:
Energy & Petroleum
Healthcare & Pharmaceuticals
Metal & Mining
Oil & Gas
Power Generation Plants
Rest of Europe
Rest of Asia Pacific
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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