Industrial Filtration Market Forecast till 2030

Industrial filtration systems consist of various components, one of which is the filtration medium. This component is typically composed of materials like metals, minerals, plastic polymers, ceramics, paper, and fibers. However, the use of temporary materials for industrial filtration media has posed a significant threat to the environment due to their slow degradation. To combat this, the market has witnessed a surge in the adoption of recyclable and reusable filters made from materials such as nonwovens, activated carbon, and walnut shells. The growth of the market is expected to be driven by factors such as the capability of in-situ cleaning, extended filter life, and higher contamination-holding capacity.

The increasing emphasis on adhering to government regulations aimed at reducing industrial waste is also expected to drive the market's growth in the upcoming years. Additionally, industries such as pharmaceuticals and life sciences that use filtration technologies like microfiltration and ultrafiltration have increasingly adopted these technologies to maintain the safety and purity of their products, thereby contributing to the growth of the industrial filtration market. This trend is expected to continue, and the market is likely to grow in tandem with the healthcare sector, ultimately resulting in increased revenue for the industrial filtration market.

Segment Overview

The industrial filtration market is categorized into air filters and liquid filters based on their type. The liquid filtration category is expected to grow at a faster pace owing to the increasing demand for filtering methods, chemicals, and wastewater treatment. Liquid filters are extensively used in managing oil, fuel, coolants, lubricants, urea, food and beverages, lifeblood plasma, and wastewater. The demand for liquid filters is expected to continue to rise in the food and beverage, chemical, water, and wastewater treatment industries over the forecast period. The use of liquid filters facilitates the process while avoiding the costly replacement of compromised tissue filters.

The industrial filtration market has been segmented based on end-users, which includes pharmaceuticals, power generation, oil & gas, manufacturing, and others. The largest market is expected to be for chemicals and petrochemicals. The chemical processes used in this industry can generate pollutants that may react with the collection apparatus, leading to environmental and health hazards for workers. Cross-contamination with other materials is another concern that can lower the quality of the product. Thus, the importance of industrial filtration in the treatment of water is anticipated to enhance the demand for industrial filtration throughout the anticipated period.

Regional Analysis

The Asia Pacific region is expected to hold a significant portion of the industrial filtration market, mainly due to the presence of significant electronics industries. Filtration is critical in the production of electrical equipment, such as generators and semiconductors. China, which is the world's top producer of semiconductors and electrical equipment, has had a significant impact on the growth of the industrial filtration industry in the region. The growing population, expanding industries, and increasing environmental concerns about industrial emissions are some of the factors driving the increased adoption of these systems in the region. The market may further expand due to the development of new raw materials like small fibers and the increased investment by major manufacturers in creating innovative filter media for improved energy efficiency. Additionally, the market report analyzed some of the leading countries, including the , Germany, France, US, Canada, Italy, China, Japan, the UK, Spain, India, Australia, South Korea, and Brazil.

Major Players

The key companies in the market are Filtration Group Corporation (U.S.), Alfa Laval (Sweden), Donaldson Company (U.S.), MANN+HUMMEL (Germany), Camfil (Sweden), Freudenberg Group (Germany), Ahlstrom-Munksjo (Sweden), Parker Hannifin Corp (U.S.), Lenntech B.V. (the Netherlands), Pall Corporation (U.S.), Sidco Filter Corporation (U.S.), Cummins Inc. (U.S.), Eaton (Ireland), among others.

COVID 19 Impacts

The COVID-19 pandemic has had a significant impact on the global industrial filtration market. While the overall impact on the market has been negative, there have been some positive effects as well.

Negative Impact:

Supply chain disruptions: The pandemic led to supply chain disruptions, which affected the availability of raw materials and components required for the manufacturing of industrial filtration systems.
Decrease in demand: The global economic slowdown caused by the pandemic led to a decrease in demand for industrial filtration systems, particularly in industries such as automotive, oil and gas, and manufacturing.
Delayed projects: Many industrial filtration projects were put on hold or delayed due to the pandemic, leading to a decrease in revenue for manufacturers and suppliers.

Positive Impact:

Increased demand for filtration products: The pandemic increased demand for air and water, particularly in industries such as healthcare and pharmaceuticals. This led to a surge in demand for industrial filtration systems used in hospitals, laboratories, and manufacturing facilities.

Innovations in filtration technology: The pandemic has spurred innovations in filtration technology, particularly in the development of air filtration systems capable of removing viruses and bacteria from the air. This has led to new opportunities for manufacturers and suppliers of industrial filtration systems.

Product Code: MRFR/E&P/5506-CR

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS 15
- 1.1.1 GLOBAL INDUSTRIAL FILTRATION MARKET, BY TYPE 15
- 1.1.2 GLOBAL INDUSTRIAL FILTRATION MARKET, BY MEDIA 16
- 1.1.3 GLOBAL INDUSTRIAL FILTRATION MARKET, BY END-USE INDUSTRY 17
- 1.1.4 GLOBAL INDUSTRIAL FILTRATION MARKET, BY REGION 18

2 MARKET INTRODUCTION

2.1 DEFINITION 19
2.2 SCOPE OF THE STUDY 19
2.3 RESEARCH OBJECTIVE 19
2.4 MARKET STRUCTURE 20

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS 21
3.2 PRIMARY RESEARCH 22
3.3 SECONDARY RESEARCH 23
3.4 MARKET SIZE ESTIMATION 23
3.5 FORECAST MODEL 25
3.6 LIST OF ASSUMPTIONS 26

4 MARKET INSIGHTS

5 MARKET DYNAMICS

5.1 OVERVIEW 30
5.2 DRIVERS 31
- 5.2.1 STRINGENT ENVIRONMENTAL REGULATIONS 31
- 5.2.2 NEED FOR CLEAN AND SAFE WORKING ENVIRONMENT 31
5.3 RESTRAINT 32
- 5.3.1 USE OF RENEWABLE ENERGY SOURCES FOR POWER GENERATION 32
5.4 OPPORTUNITY 32
- 5.4.1 INVESTMENTS IN MANUFACTURING AND PROCESS INDUSTRIES IN DEVELOPING COUNTRIES 32

6 MARKET FACTOR ANALYSIS

6.1 SUPPLY CHAIN ANALYSIS 34
- 6.1.1 DESIGN & DEVELOPMENT 35
- 6.1.2 COMPONENT & RAW MATERIAL SUPPLY 35
- 6.1.3 MANUFACTURE & ASSEMBLY 35
- 6.1.4 DISTRIBUTION 35
- 6.1.5 END USE 35
6.2 PORTER'S FIVE FORCES MODEL 36
- 6.2.1 THREAT OF NEW ENTRANTS 37
- 6.2.2 BARGAINING POWER OF SUPPLIERS 37
- 6.2.3 BARGAINING POWER OF BUYERS 37
- 6.2.4 THREAT OF SUBSTITUTES 37
- 6.2.5 RIVALRY 37

7 GLOBAL INDUSTRIAL FILTRATION MARKET, BY TYPE

7.1 OVERVIEW 38
7.2 AIR FILTER 39
7.3 LIQUID FILTERS 39

8 GLOBAL INDUSTRIAL FILTRATION MARKET, BY MEDIA

8.1 OVERVIEW 40
8.2 FIBER GLASS 42
8.3 ACTIVATED CHARCOAL/CARBON 42
8.4 FIBER PAPER 42
8.5 METAL 42
8.6 NONWOVEN FABRICS 43
8.7 OTHERS 43

9 GLOBAL INDUSTRIAL FILTRATION MARKET, BY END-USE INDUSTRY

9.1 OVERVIEW 44
9.2 OIL & GAS 45
9.3 MANUFACTURING 46
9.4 POWER GENERATION 46
9.5 PHARMACEUTICAL 46
9.6 OTHERS 47

10 GLOBAL INDUSTRIAL FILTRATION MARKET, BY REGION

10.1 OVERVIEW 48
10.2 NORTH AMERICA 50
- 10.2.1 US 52
- 10.2.2 CANADA 53
- 10.2.3 MEXICO 55
10.3 EUROPE 57
- 10.3.1 GERMANY 59
- 10.3.2 UK 60
- 10.3.3 FRANCE 62
- 10.3.4 REST OF EUROPE 63
10.4 ASIA-PACIFIC 65
- 10.4.1 CHINA 67
- 10.4.2 JAPAN 68
- 10.4.3 INDIA 70
- 10.4.4 AUSTRALIA 71
- 10.4.5 REST OF ASIA-PACIFIC 72
10.5 MIDDLE EAST & AFRICA 74
- 10.5.1 SAUDI ARABIA 76
- 10.5.2 UAE 77
- 10.5.3 SOUTH AFRICA 79
- 10.5.4 REST OF MIDDLE EAST & AFRICA 80
10.6 SOUTH AMERICA 82
- 10.6.1 BRAZIL 83
- 10.6.2 ARGENTINA 85
- 10.6.3 REST OF SOUTH AMERICA 86

11 COMPETITIVE LANDSCAPE

11.1 COMPETITIVE OVERVIEW 88
11.2 COMPETITIVE BENCHMARKING 89
11.3 MARKET SHARE ANALYSIS 90
11.4 KEY DEVELOPMENTS & GROWTH STRATEGIES 91
- 11.4.1 PRODUCT DEVELOPMENTS 91
- 11.4.2 MERGER AND ACQUISITION 91

12 COMPANY PROFILES

12.1 FREUDENBERG GROUP 92
- 12.1.1 COMPANY OVERVIEW 92
- 12.1.2 FINANCIAL OVERVIEW 93
- 12.1.3 PRODUCTS OFFERED 94
- 12.1.4 KEY DEVELOPMENTS 95
- 12.1.5 SWOT ANALYSIS 95
- 12.1.6 KEY STRATEGIES 96
12.2 ALFA LAVAL 97
- 12.2.1 COMPANY OVERVIEW 97
- 12.2.2 FINANCIAL OVERVIEW 98
- 12.2.3 PRODUCTS OFFERED 99
- 12.2.4 KEY DEVELOPMENTS 99
- 12.2.5 SWOT ANALYSIS 100
- 12.2.6 KEY STRATEGIES 100
12.3 EATON 101
- 12.3.1 COMPANY OVERVIEW 101
- 12.3.2 FINANCIAL OVERVIEW 102
- 12.3.3 PRODUCTS OFFERED 103
- 12.3.4 KEY DEVELOPMENTS 103
- 12.3.5 SWOT ANALYSIS 104
- 12.3.6 KEY STRATEGIES 104
12.4 DONALDSON COMPANY, INC. 105
- 12.4.1 COMPANY OVERVIEW 105
- 12.4.2 FINANCIAL OVERVIEW 106
- 12.4.3 PRODUCTS/SERVICES OFFERED 107
- 12.4.4 KEY DEVELOPMENTS 107
- 12.4.5 SWOT ANALYSIS 108
- 12.4.6 KEY STRATEGIES 108
12.5 MANN+HUMMEL 109
- 12.5.1 COMPANY OVERVIEW 109
- 12.5.2 FINANCIAL OVERVIEW 110
- 12.5.3 PRODUCTS OFFERED 111
- 12.5.4 KEY DEVELOPMENTS 112
- 12.5.5 SWOT ANALYSIS 112
- 12.5.6 KEY STRATEGIES 113
12.6 LENNTECH B.V. 114
- 12.6.1 COMPANY OVERVIEW 114
- 12.6.2 FINANCIAL OVERVIEW 114
- 12.6.3 PRODUCTS/SERVICES OFFERED 114
- 12.6.4 KEY DEVELOPMENTS 114
12.7 CAMFIL 115
- 12.7.1 COMPANY OVERVIEW 115
- 12.7.2 FINANCIAL OVERVIEW 115
- 12.7.3 PRODUCTS/SERVICES OFFERED 115
- 12.7.4 KEY DEVELOPMENTS 116
12.8 CUMMINS INC. 117
- 12.8.1 COMPANY OVERVIEW 117
- 12.8.2 FINANCIAL OVERVIEW 118
- 12.8.3 PRODUCTS OFFERED 119
- 12.8.4 KEY DEVELOPMENTS 120
12.9 SIDCO FILTER CORPORATION 121
- 12.9.1 COMPANY OVERVIEW 121
- 12.9.2 FINANCIAL OVERVIEW 121
- 12.9.3 PRODUCTS/SERVICES OFFERED 121
- 12.9.4 KEY DEVELOPMENTS 123
12.10 FILTRATION GROUP CORPORATION 124
- 12.10.1 COMPANY OVERVIEW 124
- 12.10.2 FINANCIAL OVERVIEW 124
- 12.10.3 PRODUCTS/SERVICES OFFERED 124
- 12.10.4 KEY DEVELOPMENTS 125
12.11 PALL CORPORATION 126
- 12.11.1 COMPANY OVERVIEW 126
- 12.11.2 FINANCIAL OVERVIEW 126
- 12.11.3 PRODUCTS OFFERED 126
- 12.11.4 KEY DEVELOPMENTS 127
12.12 AHLSTROM-MUNKSJO 128
- 12.12.1 COMPANY OVERVIEW 128
- 12.12.2 FINANCIAL OVERVIEW 129
- 12.12.3 PRODUCTS/SERVICES OFFERED 130
- 12.12.4 KEY DEVELOPMENTS 130
12.13 PARKER HANNIFIN CORP 131
- 12.13.1 COMPANY OVERVIEW 131
- 12.13.2 FINANCIAL OVERVIEW 132
- 12.13.3 PRODUCTS OFFERED 133
- 12.13.4 KEY DEVELOPMENTS 134