Industrial Filtration Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Type (Liquid {Pressure Filtration, Centrifugal Filtration, Gravity Filtration, Vacuum Filtration, Others} and Air {Mechanical, Electronic, Gas-phase}); Filter Media (Metal, Activated Carbon/Charcoal, Fiberglass, Filter Paper, Non-Woven Fabric, Others); Product (Filter Press, Bag Filter, Drum Filter, Depth Filter, Cartridge Filter, HEPA, ULPA, Electrostatic Precipitator, Others); Industry (Food & Beverage, Metal & Mining, Chemicals, Pharmaceuticals, Power Generation, Others); and Region and Country

Published:

Jan-2022

Pages:

231

Table:

53

Figure:

133

Report ID:

UMCH21653

Geography:

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Report Description
Table of content
Research Methodology

Report Description

Industrial Filtration Market
Industrial Filtration Market

Increasing industrialization owing to growing demand from end user is one of the biggest factor for the CO2 emission. In addition, growing power demand increased the coal consumption resulted in the emission of large amount of CO2. Globally, China by far the largest CO2 emitter owing to its large manufacturing sector and less stringent environment regulations relative to western economies. CO2 released causes air pollution resulting in air bone diseases. According to World Health Organization (WHO), in 2019, 99% of the world population was living in places where the WHO air quality guidelines levels were not met. Further, to create a healthy living environment air purifiers are needed to purify the polluted air. However, high installation cost can hamper the demand of air purifiers. Moreover, governments are heavily investing in air purifiers to improve the air quality index and reduce respiratory diseases caused by air pollution.

Industrial filters are used for cleaning and treating industrial oils, lubricants, gases, and water. These filters are employed in a wide range of fields, such as power plants, paper industry, and automotive manufacturing. The growth of the market is attributed to the increasing requirement of a safe working environment in industrial facilities. Furthermore, rapid industrialization and urbanization along with the implementation of stringent regulations pertaining to emission and treatment of industrial waste is further supporting market growth.

Insights Presented in the Report

“Amongst Type, Liquid filtration segment holds the major share”

Based on type, the Industrial Filtration market is segmented air and liquid filtration. Among these, liquid filtration type category to account for majority share in 2020 owing to the strict regulations governing the treatment of industrial and municipal wastes, globally. Moreover, the growing industrialization and urbanization in various parts of the world is also driving the market. Furthermore, liquid filtration is further categorized into different technology which includes  Mechanical, Electronic, and Gas-phase.

In addition, major players in the market are continuously working towards introducing new filters offering advance filtration capabilities mainly to competitive advantage over their rivals. For instance, in 2019, Eaton Corporation PLC launched LOFTREX Nylon 6.6 melt-blown filter cartridges, mainly for specialty chemical manufacturers of liquid resins, additives, solvent and aqueous based paints, lacquers, emulsions, waxes or other high temperature fluids who expect quality, a clear and pure product with consistency and not grit, discoloration or contaminant.

“Amongst Filter Media, Non-woven category to witness highest growth holds the major share”

The Industrial Filtration market is classified into metal, activated carbon/charcoal, fiberglass, filter paper, non-woven fabric, and others; on the basis of filter media. Among these, non-woven material is expected to witness highest CAGR during the forecast period. These are designed to remove ultrafine dust, aerosols, and viable organisms to meet highest requirements to the cleanliness of air in a wide range of applications, such as clean rooms, hospital operating theatres, microelectronics, optical and precision industries, and the pharmaceutical and food industries. Furthermore, an increase in product use for geotextiles is expected to have a positive impact on the industry. Nonwoven filter media are preferred over paper, cloth, or other filtration media because of their cost-effectiveness, easy handling, durability, efficiency, ability to withstand high temperature, and adoption of the customized product as per requirements and functions. In addition, several regulations have been enforced to produce and use nonwoven filter media in various application industries. Thus, further supporting the category’s growth.

“Amongst Product, ULPA category to witness highest growth holds the major share”

On the basis of product, the market has been bifurcated into filter press, bag filter, drum filter, depth filter, cartridge filter, HEPA, ULPA, electrostatic precipitator, and others. During the forecast period, ULPA filters to witness strong growth in the global industrial filtration market. The ULPA standard requires removal of 99.9995% of particles down to 1.2 micrometers. ULPA filter can remove a wide variety of particles from the air. For example, it can completely remove – dust, bacteria, pigments, pollen, metallurgical dust/fumes, ground talc as well as (to a large extent, not 100%) oil smoke, tobacco smoke, rosin smoke, smog, insecticide dust. It can also remove carbon black to some extent.

In addition, HEPA filter market is also expected to witness significant growth during the forecast period. The growth of the market is attributed to rapid industrialization and emission of toxic gases with deteriorating air quality.

“APAC region will be the fastest growing market in Global Industrial Filtration Market”

For a better understanding of the market adoption of Industrial Filtrations, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, Rest of APAC), and Rest of World. APAC to witness fastest growth during the forecast period mainly due to the rising adoption of industrial filters in countries such as China, Japan, India, and others countries is set to drive the industrial filtration industry as they have more number of industries, especially in China as it is the manufacturing hub for various industries. Additionally various government initiatives have been pushing the industrial centrifugal filtration systems industry. For instance, in Indian Government has taken some initiatives such as green skill development program to curb the pollution from industries which set to drive the industrial filtration systems. Moreover, rise in economic standards along with flourishing end-use industries in the developing countries of the region is further expected to promote the industry growth in APAC.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
  • The report presents a quick review of overall industry performance at one glance.
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
  • The study comprehensively covers the market across different segments.
  • Deep dive regional level analysis of the industry.

Customization Options:

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1.1.Market Definitions
1.2.Limitation
1.3.Stake Holders
1.4.Currency used in Report
2.1.Research Process of the Industrial Filtration Market
2.2.Research Methodology of the Industrial Filtration Market
2.3.Forecasting Method
2.4.Respondent Profile
2.5.Main Objective of the Industrial Filtration Market Study
3MARKET SYNOPSIS

 

4EXECUTIVE SUMMARY

 

5GLOBAL INDUSTRIAL FILTRATION MARKET COVID-19 IMPACT
6GLOBAL INDUSTRIAL FILTRATION MARKET REVENUE (USD BN), 2019-2027F
7.1.Liquid 
 7.1.1.Pressure filtration
 7.1.2.Centrifugal filtration
 7.1.3.Gravity filtration
 7.1.4.Vacuum filtration
 7.1.5.Others
7.2.Air 
 7.2.1.Mechanical
 7.2.2.Electronic
 7.2.3.Gas-phase
8.1.Metal
8.2.Activated Carbon/Charcoal
8.3.Fiberglass
8.4.Filter Paper
8.5.Non-Woven Fabric
8.6.Others
9.1.Filter Press
9.2.Bag Filter
9.3.Drum Filter
9.4.Depth Filter
9.5.Cartridge Filter
9.6.HEPA
9.7.ULPA
9.8.Electrostatic Precipitator
9.9.Others
10.1.Food & Beverage
10.2.Metal & Mining
10.3.Chemicals
10.4.Pharmaceuticals
10.5.Power Generation
10.6.Others
11.1.North America Industrial Filtration Market 
 11.1.1.United States
 11.1.2.Canada
 11.1.3.Rest of North America
11.2.Europe Industrial Filtration Market 
 11.2.1.Germany
 11.2.2.France
 11.2.3.United Kingdom
 11.2.4.Spain
 11.2.5.Italy
 11.2.6.Rest of Europe
11.3.Asia Pacific Industrial Filtration Market
 11.3.1.China
 11.3.2.India
 11.3.3.Australia
 11.3.4.Japan
 11.3.5.Rest of Asia Pacific
11.4.Rest of the World Industrial Filtration Market
12.1.Market Drivers
12.2.Market Challenges
12.3.Impact Analysis
13INDUSTRIAL FILTRATION MARKET OPPORTUNITIES
14INDUSTRIAL FILTRATION MARKET TRENDS
15.1.Demand Side Analysis
15.2.Supply Side Analysis
 15.2.1.Top Product Launches
 15.2.2.Top Business Partnerships
 15.2.3.Top Business Expansions, Investments and Divestitures
 15.2.4.Top Merger and Acquisitions
16.1.Porter Five Force Analysis
 16.1.1.Bargaining Power of Buyer
 16.1.2.Bargaining Power of Supplier
 16.1.3.Intensity of Rivalry
 16.1.4.Threat of New Entrant
 16.1.5.Threat of New Substitute
16.2.Competitive Landscape
17.1.Eaton Corporation PLC
17.2.Alfa Laval AB
17.3.Ahlstrom-Munksjö Oyj
17.4.Camfil Group
17.5.Donaldson Company Inc.
17.6.Parker-Hannifin Corporation
17.7.Filtration Group Corporation
17.8.Freudenberg Group
17.9.Mann+Hummel Gruppe
17.10.Danaher Corporation
18DISCLAIMER

Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the global Industrial Filtration market were the three major steps undertaken to create and analyze the adoption of Industrial Filtration in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Industrial Filtration market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of Industrial Filtration market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Industrial Filtration market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as type, industry, filter media, and product. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Industrial Filtration market. Further, we conducted factor analysis using dependent and independent variables such as rising need to improve food production. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the Industrial Filtration market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Industrial Filtration market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of Industrial Filtration market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the global Industrial Filtration market in terms of product/service offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Industrial Filtration Market
Industrial Filtration Market

 

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global Industrial Filtration market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of system design and crop type in the global Industrial Filtration market.

The main objective of the Global Industrial Filtration Market Study

The current & future market trends of global Industrial Filtration market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of Industrial Filtration market in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of Industry and type.
  • Define and analysis of the regulatory framework for the Industrial Filtration market industry.
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
  • Analyze the current and forecast market size of the Industrial Filtration market for the major region.
  • Major regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
  • Company profiles of the Industrial Filtration market and the growth strategies adopted by the market players to sustain in the fast-growing market

Deep dive regional level analysis of the industry