“Global Industrial Filtration Market to reach a market value of USD 52.7 Billion by 2031 growing at a CAGR of 5.3%”
The Global Industrial Filtration Market size is expected to reach $52.7 billion by 2031, rising at a market growth of 5.3% CAGR during the forecast period.
Depth filters find applications across various industries, including pharmaceuticals, biotechnology, food and beverage, chemicals, cosmetics, water treatment, and automotive. Thus, the depth filter segment acquired $3,954.8 million revenue in 2023. They remove particulates, sediments, colloids, microbial contaminants, and impurities from liquid streams. Depth filters effectively remove a wide range of particulate matter, including coarse, fine, and gel-like particles.
Environmental regulations limit pollutant emissions, wastewater discharge, and air quality standards. Industrial facilities must comply with these regulations to avoid fines, penalties, and legal liabilities. As a result, there is a growing demand for filtration systems to remove pollutants and ensure compliance with environmental standards. Therefore, stringent environmental regulations drive demand for industrial filtration solutions by mandating pollution control measures, water and air quality standards, and wastewater treatment requirements.
Additionally, Urbanization and industrialization increase the demand for clean air, safe drinking water, and healthy living environments. Concerns about air pollution, water contamination, and occupational health drive industries and municipalities to invest in filtration solutions to protect public health and ensure workplace safety. Thus, growing industrialization and urbanization leads to expanding the industrial filtration market.
However, Industrial filtration systems require regular maintenance to ensure optimal performance and longevity. This includes replacing filter media, cleaning filter elements, inspecting seals and gaskets, and monitoring equipment conditions. Therefore, maintenance and downtime present challenges for the industrial filtration market.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.
Based on filter media, the industrial filtration market is segmented into activated carbon/charcoal, fiberglass, filter paper, metal, nonwoven fabric, and others. In 2023, the filter paper segment acquired a promising growth rate in the industrial filtration market. Filter paper, a porous substance, finds utility in a wide array of filtration applications, spanning from industrial processes to laboratory filtration.
Based on industry, the industrial filtration market is divided into food & beverage, chemicals & petrochemicals, power generation, oil & gas, pharmaceuticals, metals & mining, and others. In 2023, the food and beverage segment recorded a 15% revenue share in the industrial filtration market.
On the basis of type, the industrial filtration market is classified into liquid and air. The air segment recorded a 41%revenue share in the industrial filtration market in 2023. The need to protect sensitive equipment and processes from airborne contaminants is driving the adoption of industrial filtration systems. This is particularly important in industries such as pharmaceuticals, electronics manufacturing, and food processing, where maintaining a clean environment is critical for product quality and safety.
By product, the industrial filtration market is fragmented into filter press, bag filter, drum filter, depth filter, cartridge filter, HEPA filter, ULPA filter, electrostatic precipitator, and others. The bag filter segment witnessed a 24% revenue share in the industrial filtration market in 2023. Bag filters play a crucial role in helping industries comply with environmental regulations and emission standards by reducing particulate emissions and maintaining air quality standards.
Free Valuable Insights: Global Industrial Filtration Market size to reach USD 52.7 Billion by 2031
Region-wise, the industrial filtration market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment garnered a 35.3% revenue share in the industrial filtration market in 2023. North America is home to a diverse manufacturing sector, including automotive, aerospace, electronics, and machinery, which rely on industrial filtration for coolant filtration, oil mist collection, air pollution control, and parts cleaning.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 35.1 Billion |
| Market size forecast in 2031 | USD 52.7 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 5.3% from 2024 to 2031 |
| Number of Pages | 348 |
| Number of Tables | 560 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Market Share Analysis, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Type, Filter Media, Product, Industry, Region |
| Country scope |
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| Companies Included | Alfa Laval Corporate AB, Danaher Corporation, Eaton Corporation, Donaldson Company, Parker Hannifin, MANN+HUMMEL International GmbH & Co. KG, Fleetlife Inc., Lenntech B.V., W. L. Gore & Associates, Inc., Sulphurnet |
By Type
By Filter Media
By Industry
By Product
By Geography
This Market size is expected to reach $52.7 billion by 2031.
Increasing focus on stringent environmental regulations are driving the Market in coming years, however, Increasing emphasis on maintenance and downtime restraints the growth of the Market.
Alfa Laval Corporate AB, Danaher Corporation, Eaton Corporation, Donaldson Company, Parker Hannifin, MANN+HUMMEL International GmbH & Co. KG, Fleetlife Inc., Lenntech B.V., W. L. Gore & Associates, Inc., Sulphurnet
The expected CAGR of this Market is 5.3% from 2024 to 2031.
The Chemicals & Petrochemicals segment is leading the Market by Industry in 2023; thereby, achieving a market value of $12.3 billion by 2031.
The North America region dominated the Market by Region in 2023; thereby, achieving a market value of $17.6 billion by 2031.
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