Global liquid filtration market is projected to grow from $ 1.9 billion in 2018 to $ 2.5 billion by 2024, exhibiting a CAGR of 6.0% during 2019-2024. Liquid filtration separates solid from a liquid by passing the polluted liquid through a filter media that retains the solid and allows the clean liquid to pass through. Growing urbanization and industrialization along with stringent regulations about emissions and treatment of municipal and industrial waste are the major factors expected to fuel the market during forecast period. However, increasing demand for renewable energy sources is anticipated to hinder market growth.
The market for liquid filtration has been segmented into fabric material, filter media, end user and region. Based on fabric material, the polymer segment is anticipated to lead global liquid filtration market during the forecast period, as excellent properties, like high chemical and thermal resistance, high tenacity and low water absorption make polymers an ideal choice for the manufacturing of filter media. Based on filter media, the woven segment is expected to account for the largest share in global liquid filtration market, owing to increasing demand for both monofilament and multifilament fabrics in the industrial filtration applications. Monofilament fabrics offer several advantages such as high flow rate, more open area, reduced product contamination and reduced interstices, which enable longer lifespan and efficient operation for solid removal.
Based on end user, the market has been segmented into municipal, food & beverages, mining and others. Among the end user sub-segments, the industrial segment is anticipated to dominate the market for liquid filtration during the forecast period. Notably, the industrial sub-segments such as food & beverages, chemical, mining and pharmaceutical are the major end users of liquid filtration. In the coming years, food & beverages segment is anticipated to grow at the fastest rate, on account of rapidly increasing population and urbanization coupled with changing lifestyle. The rising demand for ready-to-eat, semi-processed and processed food is resulting in growth opportunities for the food & beverages industry, which, in turn, is fueling global liquid filtration market.
Asia-Pacific is the fastest growing market for liquid filtration, globally. The growth is predominantly driven by huge demand from municipal, mining, chemical, pharmaceutical and food & beverage end users. Moreover, demand for liquid filtration is high in emerging economies, such as India, China and Indonesia. Rising urbanization and industrialization is increasing demand for potable water, which, in turn, is boosting the region’s liquid filtration market.
Some of the leading companies operating in global liquid filtration market are Valmet Corporation, Clear Edge Filtration Group, Eaton Corporation, Lydall Inc., Sefar AG, Sandler AG, GKD- Gebr. Kufferath AG, Freudenberg Filtration Technologies, Fibertex Nonwoven, American Fabric Filter, among others.
Years considered for this report
Historical Years2014-2017
Base Year2018
Estimated Year2019
Forecast Period2020-2024
Objective of the Study
- To analyze and forecast the market size of liquid filtration market.
- To forecast global liquid filtration market based on fabric material, filter media, end user and regional distribution.
- To identify drivers and challenges for global liquid filtration market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global liquid filtration market.
- To conduct the pricing analysis for global liquid filtration market.
- To identify and analyze the profile of leading players involved in the manufacturing of liquid filtration.
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Some of the leading players in
Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of leading manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers which could not be identified due to the limitations of secondary research. Market insights research analyzed the product offerings, distribution channels and presence of all major players operating in global
Market insights research calculated global
Key Target Audience
- Liquid Filtration manufacturers and suppliers
- Government and other regulatory bodies
- Research institutes and organizations
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
