Industrial Filtration Market Overview
Filtration
is the method in which solid particles existing in a suspension are separated
from the gas or liquid employing a porous medium. The medium keeps the solids
but lets the fluid to flow out. The presence of solids in a fluid affects the
filtration process to a large extent. When the proportion of solids in a liquid
is less, the process is referred to as clarification. Clarification is a common
phenomenon which is extensively employed in the making of bulk drugs, liquid
oral formulations, along with sterile products. The suspension that needs to be
filtered has been termed as slurry. Filter medium is the porous medium mostly
used to retain the solids after the filtration process.
The reports published by Market Research
Future (MRFR) reveals that the Industrial
Filtration Market has been estimated to develop at 6.73%
CAGR over the forecast period. The need for clean and safe working environment
and stringent environmental regulations are expected to drive the market for
industrial filtration during the forecast period. Clean and safe indoor working
environment is very essential in industries, such as food & beverages,
metal & mining, paper, and power generation. A healthy and safe working
condition within the industries is beneficial for employers and employees in
order to ensure the productivity, efficiency, quality, and well-being. Maintaining
a clean environment lowers the chances of accidental damage in an industrial
environment. Proper installation of filters in industries is essential in many
ways as industrial filters improve the product life of the machinery, quality
of the working medium, zero interruptions in operations, highly efficient
product quality, and low maintenance and production costs.
Industrial Filtration Market Segmentation
Industrial Filtration market has been segmented based
on media, type, region, and end-use industry. Based on media, industrial
filtration market has been segmented into Activated Charcoal/Carbon, Fiber
Glass, Nonwoven Fabrics, Metal, Fiber Paper, and others. Non-woven fabrics
segment is estimated to develop at fastest CAGR. These fabric filters are
fire-resistant, water-resistant, durable, and reusable compared to other media.
Based on type, the market has been segmented into air filters and liquid
filters. Among these, air filters segment has been projected to lead the market
owing to their wide application in automotive sectors.
Based on end-use, the industrial filtration market has
been segmented as power generation, pharmaceutical, manufacturing, oil and gas,
and others. Manufacturing segment has been expected to hold the key share of
the market over the forecast period on account of the rising investments in
this sector across the globe. In food & beverage sector, filters are used
for purification of products and preparation of ingredients. So, the growing
standard of living along with increasing population has been estimated to drive
the growth of food & beverage sector, which in turn results in the expansion
of industrial filtration market in manufacturing segment.
Regional Analysis
Asia
Pacific has been dominating the global industrial filtration market and is likely
to continue over the forecast period. The demand for clean air facilities along
with regulatory compliances is estimated to propel the industrial filtration
market in the region. In the APAC region, China represents the largest market
for industrial filtration. The investments in manufacturing sector is estimated
to fuel the industrial filtration market in China. Countries such as Japan and
India are projected to be the key economies for driving the growth of
industrial filtration market in the Asia Pacific region. These countries are spending
in pharmaceutical industries and power, oil & gas industries. The
investments are made keeping in mind the development of the economy, which in
turn is likely to boost the industrial filtration market in Asia Pacific.
Key Players
The
global industrial filtration market has been dominated by key players such as Pall
Corporation (US), Cummins Filtration (US), Mann+Hummel (US), Parker Hannifin
(US), 3M (US), Donaldson (US), Alfa Laval (Sweden), Eaton (Ireland), Lenntech (The
Netherlands), Camfil (Sweden), and Freudenberg Group (Germany).
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