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PUBLISHER: Acute Market Reports | PRODUCT CODE: 1134301

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PUBLISHER: Acute Market Reports | PRODUCT CODE: 1134301

Industrial Filters Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030

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Overview:

The industrial filters market is expected to reach US$ 5.79 Bn in 2030, growing at a CAGR of 5.09% during the forecast period from 2022 to 2030. Industrial filters find its applications in many industries such as food & beverages, mining, chemical, pharmaceutical, and power etc. They are used for cleaning and treating industrial oil, liquid, gases and water and also for removing dust and dirt in chemical and pharmaceutical industries and several others. Therefore industrial filters are used to keep environment clean and reduce wear and tear of machinery. Rapid industrialization coupled with growing urbanization has risen the demand for industrial filters which in turn is expected to drive the industrial filters market during the forecast period.

Globally there is rapid growth in industrialization. It influenced the growth of power generation and mining industry. This has demanded sustainable development for environmental cause. Industrial filters can be used for processed water, waste water treatment and for clean air and oil filtration. This has influenced the market of industrial filters in recent years.

Rapid industrialization also turning urbanization at fast rate. As of 2018, around 4.196 Bn people (55.2% of total world population) is accounted as urban population. Rapid urbanization has rising demand for clean energy, pure water, and increased food supply. In these industries, industrial filters are mainly used for filtration of water, oil and for clean air. Growth of automotive and food & beverages industries has influenced the demand for industrial filters which in turn driving the industrial filters market globally.

Filters with Liquid Media recorded the Largest Market Share in 2020

In 2020, liquid media filters registered the largest share in the market. It accounts more than 35% share in industrial filters market. It finds its applications in industries such as food & beverages, pharmaceuticals, power, chemical, and mining, etc., among others. In addition, strict laws for treating industrial and municipal waste have also influenced the demand for liquid filters.

Furthermore, degrading air quality along with global warming have forced countries to form laws for reducing air pollution. Government initiatives (such as UK's "Clean Air Strategy, 2019") for improving air quality also encouraged the demand for air filters. It is expected that the market share of air filters to speed up during the forecast period.

Asia Pacific Garnered Largest Market Share in 2020

In 2020, Asia Pacific led the industrial filters market worldwide. The region is expected to witness considerable growth during the forecast period. Asia is the fastest-growing economic region. Rapid industrialization in countries such as China, India and countries of ASEAN group has triggered the demand for industrial filters in Asia Pacific. In addition to this, strict environment laws for waste management (such as India's "Waste Management Rules, 2016") are supporting the demand for industrial filters in Asia Pacific.

Competitive Insights

Major players profiled in industrial filters market include Pall Corporation, Alfa Laval AB, 3M, Eaton Corporation Plc, Mann+Hummel Group, Cummins Filtration Inc., Ahlstrom-Munksjo Oyj, ClearEdge Filtration Group Corporation, Nordic Air Filtration, Fibertex Nonwovens A/S, Sefar AG, Freudenberg Filtration Technologies, and Sandler AG, etc. among others. These companies are adopting several strategies such as acquisition and new product launch for gaining larger market share. For instance, in February 2018, Fibertex Nonwovens A/S has acquired DUCI, the nonwoven manufacturer of Brazil. This acquisition will help the company to grow its business in South American automotive market. Moreover, in July 2018, Pall Corporation has introduced their new filter rated at 5 nm with PTFE media. PTFE media is ideal for lithography solvent. The new filter offers improved pressure drop and cleanliness properties than older lithographic filter material.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Industrial Filters market are as follows:

Research and development budgets of manufacturers and government spending

Revenues of key companies in the market segment

Number of end users and consumption volume, price and value.

Geographical revenues generate by countries considered in the report

Micro and macro environment factors that are currently influencing the Industrial Filters market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS

Research Period 2020-2030

Base Year 2021

Forecast Period 2022-2030

Historical Year 2020

Unit USD Million

Segmentation

Media

Air

Liquid

Gas

End-use Industry

Food and Beverages

Metal and Mining

Chemical

Pharmaceutical

Automotive

Power

Petroleum

Others

Region Segment (2020-2030; US$ Million)

North America

U.S.

Canada

Rest of North America

UK and European Union

UK

Germany

Spain

Italy

France

Rest of Europe

Asia Pacific

China

Japan

India

Australia

South Korea

Rest of Asia Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East and Africa

GCC

Africa

Rest of Middle East and Africa

Global Impact of COVID-19 Segment (2020-2021; US$ Million )

Pre COVID-19 situation

Post COVID-19 situation

Key questions answered in this report:

What are the key micro and macro environmental factors that are impacting the growth of Industrial Filters market?

What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?

Estimated forecast and market projections up to 2030.

Which segment accounts for the fastest CAGR during the forecast period?

Which market segment holds a larger market share and why?

Are low and middle-income economies investing in the Industrial Filters market?

Which is the largest regional market for Industrial Filters market?

What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?

Which are the key trends driving Industrial Filters market growth?

Who are the key competitors and what are their key strategies to enhance their market presence in the Industrial Filters market worldwide?

Product Code: 139009-08-22

Table of Contents

1. Preface

  • 1.1. Report Description
    • 1.1.1. Purpose of the Report
    • 1.1.2. Target Audience
    • 1.1.3. Key Offerings
  • 1.2. Market Segmentation
  • 1.3. Research Methodology
    • 1.3.1. Phase I - Secondary Research
    • 1.3.2. Phase II - Primary Research
    • 1.3.3. Phase III - Expert Panel Review
    • 1.3.4. Assumptions
    • 1.3.5. Approach Adopted

2. Executive Summary

  • 2.1. Market Snapshot: Global Industrial Filters Market
  • 2.2. Global Industrial Filters Market, By Media, 2021 (US$ Million)
  • 2.3. Global Industrial Filters Market, By End-use Industry, 2021 (US$ Million)
  • 2.4. Global Industrial Filters Market, By Geography, 2021 (US$ Million)
  • 2.5. Impact of Covid 19
  • 2.6. Attractive Investment Proposition by Geography, 2021
  • 2.7. Competitive Analysis
    • 2.7.1. Market Positioning of Key Industrial Filters Market Vendors
    • 2.7.2. Strategies Adopted by Industrial Filters Market Vendors
    • 2.7.3. Key Industry Strategies

3. Industrial Filters Market: Business Outlook & Market Dynamics

  • 3.1. Introduction
  • 3.2. Global Industrial Filters Market Value, 2020 - 2030, (US$ Million)
  • 3.3. Market Dynamics
    • 3.3.1. Market Drivers
    • 3.3.2. Market Restraints
    • 3.3.3. Key Challenges
    • 3.3.4. Key Opportunities
  • 3.4. Impact Analysis of Drivers and Restraints
  • 3.5. See-Saw Analysis
  • 3.6. Porter's Five Force Model
    • 3.6.1. Supplier Power
    • 3.6.2. Buyer Power
    • 3.6.3. Threat Of Substitutes
    • 3.6.4. Threat Of New Entrants
    • 3.6.5. Competitive Rivalry
  • 3.7. PESTEL Analysis
    • 3.7.1. Political Landscape
    • 3.7.2. Economic Landscape
    • 3.7.3. Technology Landscape
    • 3.7.4. Legal Landscape
    • 3.7.5. Social Landscape

4. Industrial Filters Market: By Media, 2020-2030, USD (Million)

  • 4.1. Market Overview
  • 4.2. Growth & Revenue Analysis: 2021 Versus 2030
  • 4.3. Market Segmentation
    • 4.3.1. Air
    • 4.3.2. Liquid
    • 4.3.3. Gas

5. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)

  • 5.1. Market Overview
  • 5.2. Growth & Revenue Analysis: 2021 Versus 2030
  • 5.3. Market Segmentation
    • 5.3.1. Food and Beverages
    • 5.3.2. Metal and Mining
    • 5.3.3. Chemical
    • 5.3.4. Pharmaceutical
    • 5.3.5. Automotive
    • 5.3.6. Power
    • 5.3.7. Petroleum
    • 5.3.8. Others

6. North America Industrial Filters Market, 2020-2030, USD (Million)

  • 6.1. Market Overview
  • 6.2. Industrial Filters Market: By Media, 2020-2030, USD (Million)
  • 6.3. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)
  • 6.4.Industrial Filters Market: By Region, 2020-2030, USD (Million)
    • 6.4.1.North America
      • 6.4.1.1. U.S.
      • 6.4.1.2. Canada
      • 6.4.1.3. Rest of North America

7. UK and European Union Industrial Filters Market, 2020-2030, USD (Million)

  • 7.1. Market Overview
  • 7.2. Industrial Filters Market: By Media, 2020-2030, USD (Million)
  • 7.3. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)
  • 7.4.Industrial Filters Market: By Region, 2020-2030, USD (Million)
    • 7.4.1.UK and European Union
      • 7.4.1.1. UK
      • 7.4.1.2. Germany
      • 7.4.1.3. Spain
      • 7.4.1.4. Italy
      • 7.4.1.5. France
      • 7.4.1.6. Rest of Europe

8. Asia Pacific Industrial Filters Market, 2020-2030, USD (Million)

  • 8.1. Market Overview
  • 8.2. Industrial Filters Market: By Media, 2020-2030, USD (Million)
  • 8.3. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)
  • 8.4.Industrial Filters Market: By Region, 2020-2030, USD (Million)
    • 8.4.1.Asia Pacific
      • 8.4.1.1. China
      • 8.4.1.2. Japan
      • 8.4.1.3. India
      • 8.4.1.4. Australia
      • 8.4.1.5. South Korea
      • 8.4.1.6. Rest of Asia Pacific

9. Latin America Industrial Filters Market, 2020-2030, USD (Million)

  • 9.1. Market Overview
  • 9.2. Industrial Filters Market: By Media, 2020-2030, USD (Million)
  • 9.3. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)
  • 9.4.Industrial Filters Market: By Region, 2020-2030, USD (Million)
    • 9.4.1.Latin America
      • 9.4.1.1. Brazil
      • 9.4.1.2. Mexico
      • 9.4.1.3. Rest of Latin America

10. Middle East and Africa Industrial Filters Market, 2020-2030, USD (Million)

  • 10.1. Market Overview
  • 10.2. Industrial Filters Market: By Media, 2020-2030, USD (Million)
  • 10.3. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)
  • 10.4.Industrial Filters Market: By Region, 2020-2030, USD (Million)
    • 10.4.1.Middle East and Africa
      • 10.4.1.1. GCC
      • 10.4.1.2. Africa
      • 10.4.1.3. Rest of Middle East and Africa

11. Company Profile

  • 11.1. Pall Corporation
    • 11.1.1. Company Overview
    • 11.1.2. Financial Performance
    • 11.1.3. Product Portfolio
    • 11.1.4. Strategic Initiatives
  • 11.2. Alfa Laval AB
    • 11.2.1. Company Overview
    • 11.2.2. Financial Performance
    • 11.2.3. Product Portfolio
    • 11.2.4. Strategic Initiatives
  • 11.3. 3M
    • 11.3.1. Company Overview
    • 11.3.2. Financial Performance
    • 11.3.3. Product Portfolio
    • 11.3.4. Strategic Initiatives
  • 11.4. Eaton Corporation Plc
    • 11.4.1. Company Overview
    • 11.4.2. Financial Performance
    • 11.4.3. Product Portfolio
    • 11.4.4. Strategic Initiatives
  • 11.5. Mann+Hummel Group
    • 11.5.1. Company Overview
    • 11.5.2. Financial Performance
    • 11.5.3. Product Portfolio
    • 11.5.4. Strategic Initiatives
  • 11.6. Cummins Filtration Inc.
    • 11.6.1. Company Overview
    • 11.6.2. Financial Performance
    • 11.6.3. Product Portfolio
    • 11.6.4. Strategic Initiatives
  • 11.7. Ahlstrom-Munksjo Oyj
    • 11.7.1. Company Overview
    • 11.7.2. Financial Performance
    • 11.7.3. Product Portfolio
    • 11.7.4. Strategic Initiatives
  • 11.8. ClearEdge Filtration Group Corporation
    • 11.8.1. Company Overview
    • 11.8.2. Financial Performance
    • 11.8.3. Product Portfolio
    • 11.8.4. Strategic Initiatives
  • 11.9. Nordic Air Filtration
    • 11.9.1. Company Overview
    • 11.9.2. Financial Performance
    • 11.9.3. Product Portfolio
    • 11.9.4. Strategic Initiatives
  • 11.10. Fibertex Nonwovens A/S
    • 11.10.1. Company Overview
    • 11.10.2. Financial Performance
    • 11.10.3. Product Portfolio
    • 11.10.4. Strategic Initiatives
  • 11.11. Sefar AG
    • 11.11.1. Company Overview
    • 11.11.2. Financial Performance
    • 11.11.3. Product Portfolio
    • 11.11.4. Strategic Initiatives
  • 11.12. Freudenberg Filtration Technologies
    • 11.12.1. Company Overview
    • 11.12.2. Financial Performance
    • 11.12.3. Product Portfolio
    • 11.12.4. Strategic Initiatives
  • 11.13. Sandler AG
    • 11.13.1. Company Overview
    • 11.13.2. Financial Performance
    • 11.13.3. Product Portfolio
    • 11.13.4. Strategic Initiatives
Product Code: 139009-08-22

List of Tables

  • TABLE 1 Global Industrial Filters Market By Media, 2020-2030, USD (Million)
  • TABLE 2 Global Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
  • TABLE 3 North America Industrial Filters Market By Media, 2020-2030, USD (Million)
  • TABLE 4 North America Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
  • TABLE 5 UK and European Union Industrial Filters Market By Media, 2020-2030, USD (Million)
  • TABLE 6 UK and European Union Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
  • TABLE 7 Asia Pacific Industrial Filters Market By Media, 2020-2030, USD (Million)
  • TABLE 8 Asia Pacific Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
  • TABLE 9 Latin America Industrial Filters Market By Media, 2020-2030, USD (Million)
  • TABLE 10 Latin America Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
  • TABLE 11 Middle East and Africa Industrial Filters Market By Media, 2020-2030, USD (Million)
  • TABLE 12 Middle East and Africa Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)

List of Figures

  • FIG. 1 Global Industrial Filters Market: Market Coverage
  • FIG. 2 Research Methodology and Data Sources
  • FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
  • FIG. 4 Global Industrial Filters Market: Quality Assurance
  • FIG. 5 Global Industrial Filters Market, By Media, 2021
  • FIG. 6 Global Industrial Filters Market, By End-use Industry, 2021
  • FIG. 7 Global Industrial Filters Market, By Geography, 2021
  • FIG. 8 Global Industrial Filters Market, By Media, 2021 Vs 2030, %
  • FIG. 9 Global Industrial Filters Market, By End-use Industry, 2021 Vs 2030, %
  • FIG. 10 U.S. Industrial Filters Market (US$ Million), 2020 - 2030
  • FIG. 11 Canada Industrial Filters Market (US$ Million), 2020 - 2030
  • FIG. 12 Rest of North America Industrial Filters Market (US$ Million), 2020 - 2030
  • FIG. 13 UK Industrial Filters Market (US$ Million), 2020 - 2030
  • FIG. 14 Germany Industrial Filters Market (US$ Million), 2020 - 2030
  • FIG. 15 Spain Industrial Filters Market (US$ Million), 2020 - 2030
  • FIG. 16 Italy Industrial Filters Market (US$ Million), 2020 - 2030
  • FIG. 17 France Industrial Filters Market (US$ Million), 2020 - 2030
  • FIG. 18 Rest of Europe Industrial Filters Market (US$ Million), 2020 - 2030
  • FIG. 19 China Industrial Filters Market (US$ Million), 2020 - 2030
  • FIG. 20 Japan Industrial Filters Market (US$ Million), 2020 - 2030
  • FIG. 21 India Industrial Filters Market (US$ Million), 2020 - 2030
  • FIG. 22 Australia Industrial Filters Market (US$ Million), 2020 - 2030
  • FIG. 23 South Korea Industrial Filters Market (US$ Million), 2020 - 2030
  • FIG. 24 Rest of Asia Industrial Filters Market (US$ Million), 2020 - 2030
  • FIG. 25 Brazil Industrial Filters Market (US$ Million), 2020 - 2030
  • FIG. 26 Mexico Industrial Filters Market (US$ Million), 2020 - 2030
  • FIG. 27 Rest of Latin America Industrial Filters Market (US$ Million), 2020 - 2030
  • FIG. 28 GCC Industrial Filters Market (US$ Million), 2020 - 2030
  • FIG. 29 Africa Industrial Filters Market (US$ Million), 2020 - 2030
  • FIG. 30 Rest of Middle East and Africa Industrial Filters Market (US$ Million), 2020 - 2030
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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