Industrial Filters Global Market Report 2024

The global industrial filters market has grown strongly in recent years. It will grow from $3.22 billion in 2023 to $3.4 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The historical growth can be linked to the implementation of stringent environmental regulations, the swift pace of industrialization, heightened awareness and concerns regarding clean energy initiatives, a concentrated focus on occupational safety measures, and the globalization of supply chains.

The global industrial filters market is expected to see strong growth in the next few years. It will grow to $4.25 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The anticipated growth within the forecast period can be ascribed to the heightened awareness regarding air and water quality, the integration of Industry 4.0 and smart manufacturing practices, a dedicated focus on sustainable methodologies, escalating healthcare concerns, and the economic and industrial expansion witnessed in emerging markets. Major trends expected during this period involve significant advancements in nanotechnology, the increasing significance of air quality monitoring measures, rapid growth within the biopharmaceuticals sector, and a strong emphasis on digitalization and data analytics in various industries.

The burgeoning pace of industrialization and urban expansion is projected to drive the industrial filter market's growth. Industrialization, emblematic of manufacturing industry development, and urbanization's proliferation in population density signify increased use of industrial oils, gases, and lubricants that necessitate filtration. The rising demand for consumer products in emerging economies, fueling industrial development, amplifies the requirement for filtration products. For instance, in 2021, the World Bank recorded a global urban population of 57%, marking a gradual increase from 55% and 56% in 2019 and 2020, respectively. Thus, the rapid urbanization and industrialization phenomena are steering the industrial filter market's expansion.

The escalating environmental pollution from industrial waste is anticipated to propel the industrial filter market's growth. The burgeoning industrial establishments have amplified pollutant emissions, significantly impacting the environment. This pollution pervades various sources, releasing harmful toxins into the atmosphere and degrading soil quality worldwide. This upsurge in industrial pollution has surged the demand for filtration products to curtail these harmful emissions. For instance, a World Bank report from February 2022 estimated the world generated 2.24 billion tons of solid waste in 2020, marking a daily per capita footprint of 0.79 kilograms. With the projected annual waste generation poised to escalate by 73% from 2020 to 3.88 billion tons in 2050 due to rapid population growth and urbanization. Thus, emerging pollution from industrial waste drives the industrial filter market's growth.

Technological advancements emerge as a pivotal trend shaping the industrial filter market. Key industry players are dedicated to developing innovative technological solutions to bolster their market standing. For example, in September 2021, Eaton Corporation unveiled the Compact Combo Valve, a zero-leak valve that safely vents evaporative fuel vapors in tanks. This innovative valve, a fusion of Fill Limit Vent Valve (FLVV) and Zero-Leak Grade Vent Valve (GVV), prevents tank overfilling during refueling and enables proper venting when the vehicle is parked on a gradient.

Major companies in the industrial filter market focus on advancing filtration and contamination solutions, such as the Breath+ Pro Air Purifier, to fortify their market positions. The Breath+ Pro Air Purifier integrates advanced air filters featuring activated carbon and graphene oxide coatings. For instance, in July 2022, G6 Material, an innovative technology company specializing in advanced graphene materials, introduced Breathe+ Pro, an advanced antimicrobial graphene air filtration system. This coating enhances the air filter's capability to capture bioaerosol particles, effectively removing microbes, dust particles, smog, dander, pollen, and volatile organic compounds (VOCs) from the air.

In March 2022, Filtration Group, a reputable US-based supplier specializing in filtration consumables aimed at fostering innovation and providing comprehensive solutions, finalized the acquisition of Universal Air Filter (UAF), with the specific financial terms remaining undisclosed. This strategic move by Filtration Group is set to forge a new collaborative alliance with the UAF team, aimed at enhancing its positioning within the market. Universal Air Filter (UAF) is a US-based company focused on designing and producing air cleaner filters for electronics, including defense, industrial, and broadband devices.

Major companies operating in the industrial filters market report are Cadwell Industries Inc., Compumedics Limited, DeVilbiss Healthcare Pvt. Ltd., Merck & Co. Inc., Natus Medical Incorporated, Novartis AG, Pfizer Inc., Sanofi SA, Sinovac Biotech Ltd., Sleepmed Inc., Acelity L.P. Inc., Eisai Co. Ltd., ResMed Inc., Fisher & Paykel Healthcare Corporation Limited, Braebon Medical Corporation, Löwenstein Medical GmbH & Co. KG, Takeda Pharmaceutical Company Limited, Koninklijke Philips N.V., AstraZeneca PLC, Biodiem Ltd., Apnea Sciences Corp., Boehringer Ingelheim International GmbH, Teva Pharmaceutical Industries Ltd., Vanda Pharmaceuticals Inc., Cadila Healthcare Limited, Johnson & Johnson Services Inc., Mylan N.V., BMC Medical Co. Ltd., Cleveland Medical Devices Inc., Serta Simmons Bedding LLC, Tempur Sealy International Inc., Sleep Number Corporation, Casper Sleep Inc., Purple Innovation Inc., Leesa Sleep LLC.

Asia-Pacific was the largest region in the industrial filters market share in 2023. The regions covered in the industrial filters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the industrial filters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of industrial filters encompass liquid filtration and air filtration. Liquid filtration is instrumental in separating suspended solids from fluid streams, catering to industries like food and beverage, chemicals and petrochemicals, power generation, oil and gas, pharmaceuticals, metal and mining, automotive, among others. Various filter media types serve specific filtration purposes, including activated carbon/charcoal, fiberglass, filter paper, metal, non-woven fabric, and other specialized materials. These filtration mechanisms play a pivotal role in ensuring the efficiency and purity of processes across diverse industrial sectors, contributing significantly to the quality and functionality of various products and operations.

This report provides industrial filters market statistics, including industrial filters industry global market size, regional shares, competitors with industrial filters market share, detailed industrial filters market segments, market trends, and opportunities, and any further data you may need to thrive in the industrial filters industry. This industrial filter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The industrial filters market consists of sales of bag filter, filter press, cartridge filter, depth filter, and drum filters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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