PUBLISHER: The Insight Partners | PRODUCT CODE: 1830927
PUBLISHER: The Insight Partners | PRODUCT CODE: 1830927
The industrial filtration market is anticipated to grow from US$ 36.4 billion in 2024 to US$ 53.35 billion by 2031, reflecting a CAGR of 5.4% during the period from 2025 to 2031. The increasing adoption of advanced filtration methods, including membrane filtration and nano filtration, is expected to be a significant trend in the market.
Industrial Filtration Market Analysis
In recent years, the industrial filtration market has experienced substantial growth. Key factors driving this growth include rising industrialization and urbanization, an increase in industrial activities, a heightened focus on occupational health and safety, and growing awareness and regulations concerning environmental sustainability. Innovative methods, processes, and materials are creating lucrative opportunities for growth in the industrial filtration sector.
Industrial Filtration Market Overview
Industrial filtration is a process through which industries remove debris, residue, and other waste products from their products. This process emphasizes drying waste for safe disposal and refining the final product. Filtration is crucial across various sectors, including mining, natural gas, liquid waste management, water treatment, food and beverage packaging, and renewable energy generation. Industrial filters come in various types, categorized by their mechanical and physical properties, including gravity filters, pressure/vacuum filters, leaf filters, rotary drum vacuum filters, and more.
Strategic InsightsIndustrial Filtration Market Drivers and Opportunities
Growing Focus on Occupational Health and Safety to Benefit the MarketIn today's fast-paced environment, ensuring worker safety is essential. A safe workplace is fundamental to a healthy environment and contributes to increased productivity and a better corporate image. Ensuring safety involves implementing preventive measures, safety policies, and procedures to reduce workplace injuries, accidents, and illnesses. Consequently, industries such as manufacturing, mining, and pharmaceuticals are increasingly investing in advanced filtration technologies to protect their workforce from harmful particles, chemicals, and fumes.
Innovative Approaches, Processes, and Materials
Machine failures are among the most significant production challenges faced by manufacturers. Contaminants like dust, welding slag, oil mist, rubber particles from hoses and seals, sand from castings, and metal debris from machined components are major contributors to machine breakdowns. The costs associated with repairs and downtime can be substantial. As consumers become more aware of the adverse effects of contaminants, there is a growing demand for improved processes and products that can minimize downtime, extend lubricant life, and reduce costs. In this context, organizations are increasingly adopting advancements in filtration, focusing on longer-lasting filter designs, higher-performance materials, and automated filter monitoring (IoT) to tackle these challenges.
Industrial Filtration Market Report Segmentation Analysis
Key segments that contributed to the analysis of the industrial filtration market include type, filter media, and industry.
By type, the industrial filtration market is categorized into air and liquid, with the air segment holding a larger market share in 2024.In terms of filter media, the market is divided into fiberglass, filter paper, metal, and non-woven fabric, with the non-woven fabric segment leading the market share in 2024.Regarding industry, the market is segmented into food and beverage, metal and mining, chemical, pharmaceutical, power generation, and others, with the food and beverage segment projected to grow at the highest CAGR during the forecast period.Industrial Filtration Market Share Analysis by GeographyThe geographical scope of the industrial filtration market report is divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The European region is expected to see significant growth in the industrial filtration market in the near future. Europe has been leading the way in implementing stringent environmental regulations and standards aimed at reducing industrial emissions. These regulations focus on the use of non-toxic materials, modifications to manufacturing processes, and conservation techniques. Consequently, European industries are increasingly adopting industrial filtration systems to comply with these regulations and mitigate pollution, thereby propelling the regional industrial filtration market.
Industrial Filtration Market Report ScopeIndustrial Filtration Market News and Recent DevelopmentsThe industrial filtration market is assessed through qualitative and quantitative data collected from primary and secondary research, including significant corporate publications, association data, and databases. Some recent developments in the industrial filtration market include:
Pall Corporation, a leading global player in industrial filtration, separation, and purification technology, is set to present its next-generation filtration and purification technology at SEMICON West. This strategic initiative aligns with the rising demand for advanced chips with improved performance and energy efficiency, driven by the growing adoption of 5G, AI, and IoT devices. (Source: Pall Corporation, Press Release, July 2023)MANN+HUMMEL Group, a global leader in filtration solutions, has recently acquired a majority stake in Suzhou U-Air Environmental Technology. This strategic acquisition is motivated by the increasing global demand for cleaner air solutions and aims to enhance MANN+HUMMEL's presence in the Chinese and Southeast Asian air filtration market. The acquisition allows MANN+HUMMEL to broaden its product portfolio and address the region's growing demand for air filtration solutions. (Source: MANN+HUMMEL Group, Press Release, October 2023)Industrial Filtration Market Report Coverage and DeliverablesThe "Industrial Filtration Market Size and Forecast (2021-2031)" report offers a comprehensive analysis of the market, covering the following areas:
Industrial filtration market size and forecast at global, regional, and country levels for all key market segments included in the scopeTrends in the industrial filtration market, along with market dynamics such as drivers, restraints, and key opportunitiesIn-depth PEST/Porter's Five Forces and SWOT analysisAnalysis of the industrial filtration market covering key trends, global and regional frameworks, major players, regulations, and recent market developmentsIndustry landscape and competition analysis, including market concentration, heat map analysis, prominent players, and recent developments in the industrial filtration marketDetailed company profiles