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PUBLISHER: DataM Intelligence | PRODUCT CODE: 1336730

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PUBLISHER: DataM Intelligence | PRODUCT CODE: 1336730

Global Industrial Filtration Market - 2023-2030

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Market Overview

Global Industrial Filtration Market reached US$ 35.4 billion in 2022 and is expected to reach US$ 47.1 billion by 2030, growing with a CAGR of 6.1% during the forecast period 2023-2030. Industries that include pharmaceuticals, meals and beverages and electronics prioritize the safety and purity of their products.

Industrial filtration structures play an important role in keeping products high-quality by removing particles debris, bacteria and impurities, hence meeting the strict health and safety standards set with the aid of regulatory government. North America is expected to around 1/4th of the global market share in 2022. The region has an increasing focus on environmental protection and sustainability that prompted governments in the region to implement stricter regulations regarding air and water quality.

For instance, 17 July 2023, Micronics Engineered Filtration Group, a renowned provider of Total Engineered Filtration Solutions globally, acquired AFT, a leading player in the dry filtration industry, this strategic acquisition expands Micronics' offerings in baghouse filtration solutions, catering to industries like cement, power utilities, co-generation, mining and more. AFT's dry filtration solutions will complement Micronics' focus on air pollution control and environmental compliance by effectively managing harmful emissions.

Market Dynamics

Government Initiatives and Policies

Stringent environmental regulations imposed by governments worldwide compel industries to invest in pollution control and waste management. Industrial filtration plays a major role in meeting these regulations by reducing emissions, capturing pollutants and proper ensuring compliance with environmental standards. U.S. government has several different initiatives and policies that lead to promoting and regulating the industrial filtration process, majorly concerned with pollution prevention and environmental protection.

For instance, on 1 June 2023, the pollution prevention act (1990) establishes a national policy to prevent or reduce pollution at its source, emphasizing source reduction and environmentally safe practices. Also, the government encourages to use of advanced filtration technologies that promote the adoption of more cleaner and sustainable filtration methods.

Rising Digital Filtration Techniques

Digital filtration techniques allow for precise and dynamic control of filtration parameters and this level of control ensures optimal filtration performance and leads to higher product quality and process efficiency. Digital filtration enables better process optimization that reduces waste and resource consumption. It results in cost savings process for businesses and contributes to sustainability efforts by minimizing environmental impact.

Digital techniques enable predictive maintenance in which sensors and data analytics can detect potential equipment failures or issues before they occur, this proactive approach minimizes downtime and leads to reduces maintenance costs and improves overall system reliability. Digital filtration offers greater flexibility and customization options.

Environmental Concerns and Process Complexity

Certain filtration methods, like cross-flow filtration or ultrafiltration, require precise control and monitoring, adding complexity to the process. Disposal of used filter media and waste can pose environmental challenges if not managed properly. If filters are not correctly maintained and installed there will risk of cross-contamination in the critical processes.

Fluids may require pre-treatment to remove large particles or impurities before filtration and add extra steps and complexity to the process. Large-scale filtration systems can require significant space and infrastructure which makes it challenging to implement in limited areas or retrofit into existing facilities.

COVID-19 Impact Analysis

Many industries implemented stricter safety and hygiene standards in response to the pandemic. Filtration systems played a major role in ensuring compliance with these standards by providing effective air and liquid purification. The pandemic also highlighted the importance of filtration and the growing focus on sustainable and eco-friendly filtrations solution.

The pandemic accelerated the adoption of digital solutions in various industries, including industrial filtration. Remote monitoring and data analytics became more prevalent to optimize filtration processes and ensure efficient operations. Many different digital solutions enable collaboration and communication.

Russia-Ukraine War Impact

Ukraine and Russia are major players in the worldwide chemical and petrochemical markets and the war has disrupted supply chains in the region. The conflicts have led to transportation disruptions, border closures and exchange regulations that affect the movement of raw materials and finished products.

Russia is an exporter of oil and natural gas and the war has impacted the overall energy prices in the global market. Escalating geopolitical tensions between the two nations have led to concerns over energy security and potential disruptions in energy supplies, which affects overall production costs for chemical and petrochemical manufacturers.

Segment Analysis

The global industrial filtration market is segmented based on product, filter media, end-user and region.

Nonwoven Offers Excellent Filtration Efficiency

Nonwoven fabrics are expected to hold around 1/4th of the global industrial filtration market in 2022. Nonwoven fabrics offer excellent filtration efficiency which makes them ideal for removing solid particulates and impurities from fluids and gases. The structure of nonwoven fabrics allows for fine particle capture that ensures a high level of filtration performance. It is customized as per user demand and manufacturers control fiber composition and density of the fibers that optimize its filtration process.

For instance, on 28 March 2023, Midwest Filtration, LLC, a prominent provider of Filtration Media and Engineered Products, entered into an exclusive partnership with Monadnock Non-Wovens, LLC to represent its comprehensive portfolio of melt-blown filtration media. Industrial filtration plays a critical role in the production of nonwoven fabrics. Meltblown filtration media is used to remove impurities and ensure the high quality and performance of the nonwoven materials.

Geographical Penetration

Importance of Industrial Filtration in Clean Energy Sectors

Asia-Pacific is expected to grow at the fastest growth rate in the global industrial filtration market during the forecast period 2023-2030. A shift toward more cleaner and sustainable energy sources, industries are exploring new technologies and expanding their manufacturing units. Industrial filtration is crucial in various clean energy sectors, such as biogas, solar and wind power that ensures the purity and quality of materials used in these industries.

For instance, on 9 February 2023, Metso Outotec expanded its filter assembly plant in Suzhou, China, doubles the expansion capacity, by providing additional space for assembling flotation drive mechanisms and mill reline equipment. The extended production facility is expected to open within a year and reach full capacity by the first half of 2024, increasing the number of personnel to around 60 experts.

Industrial filtration plays a crucial role in separating solids from liquids in mining and industrial processes. Metso Outotec's filtration portfolio consists of 15 different filter types and services for various applications, with over 80% of the filters part of the company's Planet Positive portfolio, known for their efficiency in water recovery and reuse.

Competitive Landscape

The major global players include: Alfa Laval , Camfil, Donaldson Company Inc., Parker-Hannifin, Eaton, Filtration Corporation, Mann+Hummel, The 3M Company, Babcock & Wilcox and W.L. Gore.

Why Purchase the Report?

  • To visualize the global industrial filtration market segmentation based on product, filter media, end-user and region, as well as understand key commercial assets and players.
  • Identify commercial opportunities by analyzing trends and co-development.
  • Excel data sheet with numerous data points of industrial filtration market-level with all segments.
  • PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
  • Product mapping available as Excel consisting of key products of all the major players.

The global industrial filtration market report would provide approximately 61 tables, 67 figures and 181 Pages.

Target Audience 2023

  • Manufacturers/ Buyers
  • Industry Investors/Investment Bankers
  • Research Professionals
  • Emerging Companies
Product Code: ICT5398

Table of Contents

1. Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

  • 3.1. Snippet by Product
  • 3.2. Snippet by Filter Media
  • 3.3. Snippet by End-User
  • 3.4. Snippet by Region

4. Dynamics

  • 4.1. Impacting Factors
    • 4.1.1. Drivers
      • 4.1.1.1. Government Initiatives and Policies
      • 4.1.1.2. Rising Digital Filtration Techniques
    • 4.1.2. Restraints
      • 4.1.2.1. Frequent Maintenance Hinders Growth of the Market
      • 4.1.2.2. Environmental Concerns and Process Complexity
    • 4.1.3. Opportunity
    • 4.1.4. Impact Analysis

5. Industry Analysis

  • 5.1. Porter's Five Force Analysis
  • 5.2. Supply Chain Analysis
  • 5.3. Pricing Analysis
  • 5.4. Regulatory Analysis

6. COVID-19 Analysis

  • 6.1. Analysis of COVID-19
    • 6.1.1. Scenario Before COVID
    • 6.1.2. Scenario During COVID
    • 6.1.3. Scenario Post COVID
  • 6.2. Pricing Dynamics Amid COVID-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During Pandemic
  • 6.5. Manufacturers Strategic Initiatives
  • 6.6. Conclusion

7. By Product

  • 7.1. Introduction
    • 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
    • 7.1.2. Market Attractiveness Index, By Product
  • 7.2. Filter Press *
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 7.3. Bag Filter
  • 7.4. Drum Filter
  • 7.5. Cartridge Filter
  • 7.6. Electrostatic Precipitator
  • 7.7. Others

8. By Filter Media

  • 8.1. Introduction
    • 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Filter Media
    • 8.1.2. Market Attractiveness Index, By Filter Media
  • 8.2. Nonwoven Fabric *
    • 8.2.1. Introduction
    • 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 8.3. Activated Carbon/Charcoal
  • 8.4. Fiberglass
  • 8.5. Filter Paper
  • 8.6. Metal
  • 8.7. Others

9. By End-User

  • 9.1. Introduction
    • 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
    • 9.1.2. Market Attractiveness Index, By End-User
  • 9.2. Pharmaceuticals *
    • 9.2.1. Introduction
    • 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 9.3. Food & Beverages
  • 9.4. Chemical & Petrochemicals
  • 9.5. Oil & Gas
  • 9.6. Automotive
  • 9.7. Metals & Mining
  • 9.8. Others

10. By Region

  • 10.1. Introduction
    • 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
    • 10.1.2. Market Attractiveness Index, By Region
  • 10.2. North America
    • 10.2.1. Introduction
    • 10.2.2. Key Region-Specific Dynamics
    • 10.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
    • 10.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Filter Media
    • 10.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
    • 10.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 10.2.6.1. U.S.
      • 10.2.6.2. Canada
      • 10.2.6.3. Mexico
  • 10.3. Europe
    • 10.3.1. Introduction
    • 10.3.2. Key Region-Specific Dynamics
    • 10.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
    • 10.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Filter Media
    • 10.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
    • 10.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 10.3.6.1. Germany
      • 10.3.6.2. UK
      • 10.3.6.3. France
      • 10.3.6.4. Italy
      • 10.3.6.5. Russia
      • 10.3.6.6. Rest of Europe
  • 10.4. South America
    • 10.4.1. Introduction
    • 10.4.2. Key Region-Specific Dynamics
    • 10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
    • 10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Filter Media
    • 10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
    • 10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 10.4.6.1. Brazil
      • 10.4.6.2. Argentina
      • 10.4.6.3. Rest of South America
  • 10.5. Asia-Pacific
    • 10.5.1. Introduction
    • 10.5.2. Key Region-Specific Dynamics
    • 10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
    • 10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Filter Media
    • 10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
    • 10.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 10.5.6.1. China
      • 10.5.6.2. India
      • 10.5.6.3. Japan
      • 10.5.6.4. Australia
      • 10.5.6.5. Rest of Asia-Pacific
  • 10.6. Middle East and Africa
    • 10.6.1. Introduction
    • 10.6.2. Key Region-Specific Dynamics
    • 10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
    • 10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Filter Media
    • 10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

11. Competitive Landscape

  • 11.1. Competitive Scenario
  • 11.2. Market Positioning/Share Analysis
  • 11.3. Mergers and Acquisitions Analysis

12. Company Profiles

  • 12.1. Alfa Laval *
    • 12.1.1. Company Overview
    • 12.1.2. Product Portfolio and Description
    • 12.1.3. Financial Overview
    • 12.1.4. Key Developments
  • 12.2. Camfil
  • 12.3. Donaldson Company Inc.
  • 12.4. Parker-Hannifin
  • 12.5. Eaton
  • 12.6. Filtration Corporation
  • 12.7. Mann+Hummel
  • 12.8. The 3M Company
  • 12.9. Babcock & Wilcox
  • 12.10. W.L. Gore

LIST NOT EXHAUSTIVE

13. Appendix

  • 13.1. About Us and Services
  • 13.2. Contact Us
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