Liquid Filtration Global Market Report 2024

The global liquid filtration market has grown strongly in recent years. It will grow from $3.3 billion in 2023 to $3.53 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The expansion observed in the historical period can be credited to industrial advancements, the imposition of strict environmental regulations, concerns regarding water scarcity, adherence to health and safety standards, the demands within pharmaceutical manufacturing, and the expansion of oil and gas exploration activities.

The global liquid filtration market is expected to see strong growth in the next few years. It will grow to $4.66 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. Anticipated growth in the forthcoming period is linked to heightened awareness of the advantages of filtration, the imperative of effective waste management, the impact of rising population and urbanization, the development of renewable energy sources, the swift industrialization in emerging markets, an emphasis on clean energy, and initiatives promoting a circular economy. Major trends expected in this period encompass technological advancements, a shift towards customization and specialization, the integration of IoT and automation, a surge in demand for membrane filtration, globalization and the expansion of markets, and a continued focus on enhancing energy efficiency.

The liquid filtration market is anticipated to surge due to escalating urbanization and industrialization. Urbanization denotes the expansion of cities and a growing urban population, while industrialization signifies the shift from an agricultural economy to one centered on manufacturing goods. Liquid filtration systems play a crucial role in providing improved drinking and sewage water facilities, aligning with the needs of urbanization and industrialization. Notably, in 2021, 56.5% of the global population resided in urban areas, projected to rise to 68% by 2050 according to the United Nations Conference on Trade and Development. Concurrently, industrial production in the United States rose by 0.2% annually in April 2023, as reported by Trading Economics. These trends significantly drive the liquid filtration market growth.

The burgeoning pharmaceutical sector is poised to fuel growth in the liquid filtration market. Liquid filtration systems play a pivotal role in upholding quality standards within pharmaceutical manufacturing by eliminating impurities and contaminants from liquids. This ensures pharmaceutical products meet stringent specifications. In November 2022, the India Brand Equity Foundation reported India's domestic pharmaceutical business valued at $42 billion in 2021, projected to reach $65 billion by 2024 and $120-$130 billion by 2030. Thus, the escalating prominence of the pharmaceutical industry contributes significantly to the liquid filtration market's expansion.

Technological advancements represent a prominent trend shaping the liquid filtration market. Leading companies within this sector are actively introducing innovative technologies to sustain market growth. For instance, in April 2023, Amazon Filters, a UK-based filtration systems specialist, unveiled a mechanical safety interlock for key process industry housings. This safety feature prevents operators from opening filtration housings under pressure, crucial in industries prone to pressurized filtration system usage. Ensuring operator safety and preventing potential hazards align with the evolving needs of various sectors like chemicals, water, pharmaceuticals, food and beverage, OEM, and oil and gas.

Major players in the liquid filtration market focus on product development, particularly high-efficiency filtration solutions, to gain a competitive edge. High-efficiency filtration solutions encompass filters designed to remove a substantial percentage of particulate matter from air or liquid streams. For instance, in October 2022, Alkegen unveiled three state-of-the-art High Efficiency Filtration (HEF) products at the World Filtration Congress. Notable among these is Alkegen's LyPore MB, a novel line of meltblown liquid filtration media designed to meet rigorous application requirements. Available in various configurations, LyPore MB ensures high filtration efficiency, low pressure drop, and substantial dirt holding capacity. This launch underscores Alkegen's commitment to sustainability, offering enhanced performance and extended service life, fostering eco-friendly solutions.

In February 2022, Micronics Engineered Filtration Group, a conglomerate of filtration companies headquartered in the US, completed the acquisition of National Filter Media (NFM) for an undisclosed sum. Following the acquisition, National Filter Media (NFM) became integrated into Micronics. This strategic move aims to broaden Micronics' range of offerings, enhancing their capacity to meet the sophisticated filtration requirements of their clientele. National Filter Media is based in Utah and specializes in manufacturing filtration products.

Major companies operating in the liquid filtration market report are Clear Edge Filtration Inc., 3M Company, American Fabric Filter Company, Berry Global Inc., Donaldson Company Inc., Eagle Nonwovens Inc., Fibertex Nonwovens A/S, Freudenberg Filtration Technologies GmbH & Co. KG, Gebr. Kufferath AG, Kimberly-Clark Lever Private Limited, Lydall Inc., Sandler AG, Sefar AG, Valmet Technologies Private Limited, Amiad Water Systems Ltd., ANDRITZ Ltd., Boll Filter Corporation, Bwf Tec India Private Limited, The Camfil Group, Parker Hannifin Corporation, Eaton Corporation, ErtelAlsop LLC, Filter Products Company, Filtermist International Ltd., MAHLE GmbH, Graver Technologies LLC, GVS Group Ltd., Hengst SE, Krone Filter Solutions GmbH, LNS Filtration Inc., Filterwerk Mann+Hummel GmbH, Meissner Corp., Merck Co. & KGaA, Pall Corporation, Porvair PLC, Sartorius Stedim Biotech S.A., UFI Filters SpA

North America was the largest region in the liquid filtration market in 2023. Asia-Pacific is expected to be the fastest-growing region in the liquid filtration market report during the forecast period. The regions covered in the liquid filtration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the liquid filtration market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of filter media utilized in liquid filtration include woven, nonwoven, and mesh materials. Woven filter media are products tailored with specific properties and structures aligned precisely with the needs of the operational process. These fabrics encompass a range of materials like cotton, polymers, wool, linen, glass fiber, metals, rayon, and others. The end-users of these filtration systems span municipal and industrial treatment sectors.

This report provides liquid filtration market statistics, including liquid filtration industry global market size, regional shares, competitors with a liquid filtration market share, detailed liquid filtration market segments, market trends and opportunities, and any further data you may need to thrive in the liquid filtration industry. This liquid filtration 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 liquid filtration market consists of sales of mechanical filters, ion-exchange filters and absorption 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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