Liquid filtration market is expected to rise by registering a substantial CAGR 6.94% in the forecast period of 2020-2029. The major drivers of development in demands for liquid filtration, including pharmaceutical products, mining, food and beverages in the forecasted period
The need for liquid filtration is increased by strict regulations on wastewater management in different industries. Increased demand for renewables could impede the growth of the market for liquid filtration. Nevertheless, growing knowledge of nutritious foods among those in the food processing industry shows the likelihood of fluid filtering.
The filters used for fluid filtration may vary depending on the component to be separated from the flow of the liquid system. The material to be separated is often molecular in water treatment and therefore includes a filter to extract solids of one micron or more. Filters used to extract suspended particle materials of about 25 microns or more in industrial applications. Diverse filtering solutions such as bag filters, cartridge filters, backwash filters, etc. are available. With different applications on the market, there are several options available. In different industries as chemicals, food and drinks, pharmaceutical products, etc. fluid filtration is needed.
Liquid filtration market Scope and Market Size
Liquid filtration market has been segmented on the basis fabric material, filter media, end-user.
On the basis of fabric material, the liquid filtration market is segmented into polymer, cotton, metal, aramid. Polymer is further sub segmented into polypropylene, polyester, nylon, fiberglass polyphenylene sulphide (PPS), fluoropolymers, meta- aramids, others. In the fabric material segment polymer segment register the highest market share in the forecasted period due to Polymer properties that provide high strength, low water absorption, strong thermal tolerance and reasonable chemicals resistance.
On the basis of filter media, the Liquid filtration market is segmented into woven, nonwoven, mesh. Woven is further segmented into multifilament, monofilament and nonwoven is further segmented into needle felt, melt blown, others. The nonwoven filter media is expected to grow at the highest rate at the forecasted period and in the type of nonwoven needle felt expected to register highest growth rate due to its outstanding product quality and features.
Based on end-user the Liquid filtration market is segmented into Municipal Treatment, Food & beverage, Metal & mining, Chemical, Pharmaceutical, Others) The food and beverage industry is expected to growing globally due to the rising demand for ready-to-eat food, convenience food and semi-processed food in the forecasted period
Country Level Analysis of Liquid filtration market
On the basis of region, the Liquid filtration market is segmented into North America and South America, Asia Pacific, Europe and Middle East and Africa.
Countries covered under North and South America region are Canada, Mexico, Brazil, Rest of Americas, along with Germany, France, United Kingdom, Italy, Spain, Rest of Europe covered under Europe region and Japan, China, India, Australia, Rest of Asia-Pacific covered under Asia-Pacific region.
Asia Pacific is the largest and fastest growing market for liquid filtering. As a result of increasing investment in industry and a rapidly growing world population, the development of different industries in this area has been driven by increased consumer purchasing capacity. Such trends are likely to result in an increase in demand for liquid filtration in the area during the forecast period.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands impact of sales channels are considered while provided forecast analysis of the country data.
Key Developments in the Market:
Competitive Analysis and Liquid filtration market Share Analysis:
Liquid filtration market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Liquid filtration market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Liquid filtration market competitive landscape provides details by competitors. Details included are company overview which includes Company focus, business segment, product categories, revenue generated, and global presence. Liquid filtration market report also provides information on recent financials and R&D expenditures over the years from 2020 to 2029.
Key Market Competitors:
Few of the major competitors currently working in the Liquid filtration market are Ahlstrom-Munksjö, Lydall, Inc., Valmet, KCWW, Freudenberg Filtration Technologies SE & Co. KG, Clear Edge, Schouw & Co., Hollingsworth & Vose, Johns Manville. A Berkshire Hathaway Company, Sefar Holding AG, 3M, American Fabric Filter Co., Autotech Nonwovens Pvt Ltd., Berry Global Inc., Donaldson Company, Inc., G. BOPP + CO. AG, GKD Gebr. Kufferath AG, Kavon Filter Products Co, MANN+HUMMEL, Norafin Industries (Germany) GmbH., Sandler AG, Schweitzer-Mauduit International, Inc., TWE GmbH & Co. KG, Yingkaimo Metal Net Co., Ltd and many others.
Key Insights in the report: