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Status of industrial filtration industry: global market size of $29.54 billion billion in 2023

2024-06-21 15:18

According to the type, the market is divided into air and liquid. The liquids segment is expected to be the largest segment in the industrial filtration market during 2023-2028. Due to the increasing number of environmental regulations related to the discharge of pollutants into water bodies, the segment of liquid types in the industrial filtration market is growing. The liquid type is therefore the largest segment of the market.
Status of industrial filtration industry: global market size of $29.54 billion billion in 2023

The global industrial filtration market will reach $29.54 billion billion in 2023 and is expected to grow to $50.38 billion billion in 2028.

1. Market Segmentation

1. Type breakdown

According to the type, the market is divided into air and liquid. The liquids segment is expected to be the largest segment in the industrial filtration market during 2023-2028. Due to the increasing number of environmental regulations related to the discharge of pollutants into water bodies, the segment of liquid types in the industrial filtration market is growing. The liquid type is therefore the largest segment of the market.

2. Product segmentation

According to the product is divided into filter press, bag filter, drum filter, depth filter, cartridge filter, HEPA filter, ULPA filter. Filter presses are commonly used in industrial manufacturing in the metal and mining, water and wastewater treatment plants, food and beverage, chemical, pharmaceutical, power generation, and food and beverage industries. The filter press segment is expected to be the fastest growing market in the industrial filtration market during the 2023-2027 forecast period.

3. Filter media subdivision

According to the filter media, it can be divided into activated carbon, glass fiber, filter paper, metal, non-woven fabric and others. It is expected that during the 2023-2028 period, non-woven fabrics will become the largest contributor to the industrial filtration market. The growth drivers of this filter media segment are that it is durable, reusable, waterproof, hypoallergenic, fireproof, soft and lightweight.

Proportion of 2. area

In 2023, North America will dominate the global industrial filtration market, with a compound annual growth rate of 5.2 per cent in 2023-2028. This is mainly due to increased manufacturing investment in the region to control harmful particulate emissions and strict regulations to control air pollution, which have promoted the development of the market in the region.

Due to the presence of the major electronics industry, the Asia-Pacific region holds the majority share of the global industrial filtration market. Filtration is very important in the manufacture of electrical equipment such as generators and semiconductors. China is a major producer of electrical equipment and semiconductors, strongly contributing to the growth of the industrial filtration market in the region. A growing population, increasing industrialization and growing environmental concerns about the level of industrial emissions are some of the reasons for the use of the system in the region. Increased investment by major manufacturers in the development of advanced filter media to improve energy efficiency, as well as the development of new raw materials such as microfibers, have further contributed to the growth of the market.

The European market is expected to grow significantly during the 2023-2028 forecast period. The faster growth is due to the continued development of the food and beverage and pharmaceutical industries in the region, the presence of large manufacturers with mature production facilities, and the growing interest in new product development and innovation, which may drive growth in the region.