PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1804851
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1804851
The global refinery and petrochemical filtration market is projected to grow from USD 5.08 billion in 2025 to USD 6.76 billion by 2030, at a CAGR of 5.9%.
Scope of the Report | |
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Years Considered for the Study | 2021-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Million/Billion) |
Segments | Refinery and petrochemical filtration market by filter type, application, and end user |
Regions covered | Asia Pacific, North America, Europe, South America, and Middle East & Africa |
Rising energy demand is driving increased downstream investments, boosting market growth. However, frequent replacement and disposal of filters pose a significant restraint, impacting operational costs and creating challenges for sustainability and waste management in the industry.
"The petrochemical industry is projected to emerge as the fastest-growing end user during the forecast period."
By end user, the refinery and petrochemical filtration market has been segmented into refineries and the petrochemical industry. Increasing infrastructure investments in the petrochemical industry are anticipated to drive the demand for petrochemical filtration. The rising investment in petrochemical plants is driven by increasing demand for products such as plastics, synthetic fibers, fertilizers, and chemicals as economies develop and populations grow. Petrochemical plant operators use bag filters, cartridge filters, membrane filters, and coalescers to remove impurities, contaminants, and particles from feedstocks and final products.
"The liquid-liquid segment is estimated to be the second-largest application."
Based on application, the liquid-liquid separation segment holds the second-largest share in the refinery and petrochemical filtration market due to its critical role in the downstream oil & gas sector. It is essential for removing water from gasoline, diesel, kerosene, and jet fuel to meet product quality specifications and prevent corrosion. This separation process helps to protect catalysts and adsorbents from water contamination, eliminates carryover of caustic and amine from treatment processes, and protects equipment such as salt dryers and clay towers. The high share of the liquid-liquid segment is driven by increasing refining capacity worldwide, stringent regulations for cleaner fuels, and the need to enhance operational efficiency, product purity, and equipment lifespan through effective water and impurity removal.
"Asia Pacific is estimated to be the second-largest refinery and petrochemical filtration market."
Asia Pacific is expected to be the second-largest refinery and petrochemical filtration market between 2025 and 2030. The downstream sector is growing in the region due to the increasing demand for petrochemical products. Moreover, countries in this region have strategic locations for refineries, which enable them to access crude oil supplies from the Middle East and other regions. Additionally, governments of countries in the region have implemented policies and incentives to attract foreign investments in the downstream sector. These are the key factors fostering the growth of the refinery and petrochemical filtration market in Asia Pacific.
By Company Type: Tier 1 - 45%, Tier 2 - 30%, and Tier 3 - 25%
By Designation: C-Level - 35%, Director Levels - 25%, and Others - 40%
By Region: Asia Pacific - 33%, North America - 27%, Europe - 20%, the Middle East & Africa - 12%, and South America - 8%
Notes: Others include product engineers, product specialists, and engineering leads.
The tiers of the companies are defined on the basis of their total revenues as of 2024. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The refinery and petrochemical filtration market is dominated by a few major players that have a wide geographical presence. The leading players in the refinery and petrochemical filtration market are 3M (US), Pall Corporation (US), Parker Hannifin Corporation (US), Eaton (Ireland), Pentair (US), and others.
The report defines, describes, and forecasts the global refinery and petrochemical filtration market by filter type, application, end user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the refinery and petrochemical filtration market.
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