Market Dynamics
Drivers
- Growing industrialization & urbanization
- Stringent regulations regarding emission and treatment of industrial and municipal waste
Restraints
- Slow industrial growth in China
- Increasing demand for renewable energy sources
Opportunities
- Growing manufacturing sector in Southeast Asia
- To analyze and forecast the size of the liquid filtration market only in terms of value
- To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
- To define, describe, and forecast the market by fabric material, filter media, and end user
- To forecast the size of the market with respect to five regions, namely, Asia Pacific (APAC), Europe, North America, South America, and the Middle East & Africa along with their countries
- To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and their contribution to the market
- To analyze the opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
- To analyze competitive developments, such as new product launches, acquisitions, and expansions in the market
- To strategically profile the key players and comprehensively analyze their market shares and core competencies2
The growing industrialization has led to the increase in urbanization along with economic growth, globally. It has created a demand for industrial filters as there is an upsurge in air, liquid, and soil pollution. Liquid filtration is one of the markets with most growth potential, as it involves municipal water treatment, industrial water treatment, and industrial process applications. Developing and developed countries are major business hubs of liquid filtration. For example, manufacturing is one of the rapidly growing sectors for several developed and developing countries including China, India, US, Germany, Japan, South Korea, France, and Italy. It is a major contributor to the GDP of these countries. These countries are producing large industrial output from pulp & paper, food & beverage, chemical, pharmaceutical, mining, and several other industries. Moreover, the governments of developing countries such as India and China are facilitating plant setups and financial support for new entrepreneurs to start their ventures. The increase in manufacturing setups is expected to drive the industrial liquid filtration market as there is stringent regulation to treat industrial water and other liquid treatment.
To know about the assumptions considered for the study
The liquid filtration market includes raw material suppliers, manufacturers of liquid filtration, and end users. Valmet (Finland), Clear Edge Filtration (US), Eaton Corporation (US), Lydall (US), Sefar AG (Switzerland), Sandler AG (Germany), GKD (Germany), Freudenberg Filtration Technologies (Germany), Fibertex Nonwoven (Denmark), and American Filter Fabrics (US) are the leading players operating in the market.
Key Target Audience:
- Filter fabric manufacturers
- Food & beverage producers
- Municipal organizations
- Chemical and pharmaceutical companies
- Mining companies
- Polymer manufacturers
- Distributors of fabric materials
- Suppliers of fabric materials
- In June 2018, Eaton launched a new high-performance and colorless filter bag named MAX-LOAD. This new filter bag range offers an excellent dirt-holding capacity and is suitable for applications involving high retention ratings, including water treatment, filtration of bulk and fine chemicals or metal cleaning. The filter bag is made of melt-blown polypropylene or polyester.
- In August 2017, GKD created a very open, high-performance, and three-dimensional mesh, named Porometric, which provides high flow rate in low air stream speeds.
- In May 2017, Eaton expanded its range of membrane and depth filter cartridges. The new filter cartridges are tailored to the specific requirement for beer, wine, mineral water, and non-alcoholic beverage applications. With its high asymmetric pore structure, the membrane filter cartridge range extensions will able to deliver exceptionally high flow rates combined with outstanding service life. The filter cartridge range is manufactured from high-quality polyethersulfone (PES), polytetrafluoroethylene (PTFE), and polypropylene (PP).
This report forecasts the revenue growth of the liquid filtration market and provides an analysis of trends for each subsegment of the market. It categorizes the liquid filtration market as follows:
- Woven
- Monofilament
- Multifilament
- Non-woven
- Meltblown
- Needle felt
- Mesh
By Fabric Material:
- Polymer
- Cotton
- Aramid
- Metal
By End User
- Municipal
- Industrial
- Food & Beverage
- Mining
- Chemical
- Pharmaceutical
- Others
By Region:
- Europe
- North America
- APAC
- South America
- Middle East & Africa
Critical questions which the report answers
- What are the upcoming trends in the liquid filtration market?
- Which are the key players in the market, and how intense is the competition?
Available Customizations:
The following customization options are available for this report on the liquid filtration market:
Country Information
- Analysis of the liquid filtration market in various other countries
Company Information
- Detailed analysis and profiling of additional market players (up to five)
The market size of liquid filtration is projected to grow from USD 1.90 billion in 2018 to USD 2.54 billion by 2023, at a CAGR of 6.0%.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. The filtration media should have uniformed pores smaller than the smallest particles to be removed. Moreover, the filter media should be strong enough and possess sufficient area to hold the required volume of solids. Growing industrialization and urbanization coupled with stringent regulations with regard to emission and treatment of industrial and municipal waste are the key factors fueling the market growth.
On the basis of fabric material, the polymers segment is estimated to dominate the liquid filtration market, during the forecast period. Excellent properties, such as high thermal and chemical resistance, high tenacity, and low water absorption, make polymers an ideal choice for filter media manufacturing.
Based on filter media, the woven segment is projected to lead the liquid filtration market, during the forecast period. Increasing demand for monofilament and multifilament fabrics in the industrial filtration applications is the key factor driving the market. Over the metal mesh, monofilament fabrics offer several advantages such as more open area, high flow rate, fewer chances of product contamination, and fewer interstices, which enable longer lifespan and efficient operation for solid removal. Monofilament fabrics have replaced metal wire cloth in applications such as filter belts, dryer belts, sifting screens, automobile filters, and rotary filters.
Among end users, the industrial segment is projected to lead the liquid filtration market during the forecast period. The key industrial subsegments, such as food & beverage, mining, chemical, and pharmaceutical, are the key end users of liquid filtration. The food & beverage segment is expected to grow at a faster pace. The rapidly increasing population and urbanization, along with changing lifestyles, have resulted in the growth of the food & beverage industry, globally. The rising demand for ready-to-eat food, convenience food, and processed & semi-processed food offers growth opportunities for the food & beverage industry, which in turn, drives the liquid filtration market.
APAC is the fastest-growing market for liquid filtration, globally. The growth is mainly driven by high demand from the municipal, chemical, mining, pharmaceutical, and food & beverage end users. The need for liquid filtration is high in developing economies, such as China, India, and Indonesia. The growing urbanization and industrialization are leading to the increased demand for potable water, which, in turn, is boosting the APAC liquid filtration market in the municipal and industrial segments. The implementation of stringent environmental regulations in the developed as well as emerging economies is also a significant driver of the global market.
The key players in this market are Valmet (Finland), Clear Edge Filtration (US), Eaton Corporation (US), Lydall (US), Sefar AG (Switzerland), Sandler AG (Germany), GKD (Germany), Freudenberg Filtration Technologies (Germany), Fibertex Nonwoven (Denmark), and American Filter Fabrics (US). These companies have adopted various organic as well as inorganic growth strategies between 2014 and 2018 to strengthen their position in the market. New product launches, expansions, and acquisitions are the key growth strategies adopted by these leading players to enhance their regional presence and meet the growing demand for liquid filtration from emerging economies.
Article from Markets And Markets: Liquid Filtration Market
Leave a Comment