Filtration & Drying Equipment Global Market Report 2024

The filtration & drying equipment market size has grown strongly in recent years. It will grow from $1.81 billion in 2023 to $1.95 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historical period can be attributed to factors such as the impact of environmental regulations, industrial expansion, adherence to quality and safety standards, globalization of industries, increased emphasis on health and safety, and the pursuit of cost efficiency.

The filtration & drying equipment market size is expected to see strong growth in the next few years. It will grow to $2.64 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The anticipated growth in the forecast period can be attributed to the continuous industrialization, evolving environmental standards, growing demand in emerging markets, emphasis on sustainable practices, and advancements in the pharmaceutical and biotechnology sectors. Major trends expected in the forecast period include technological advancements, a heightened focus on sustainability, adherence to stringent regulatory standards, the adoption of customized filtration solutions, globalization of supply chains, and the integration of hybrid drying technologies.

The escalating investment in pharmaceutical research and development (R&D) is anticipated to drive the growth of the filtration and drying equipment market. R&D involves the collection of information aimed at innovating and improving products or services. Filtration and drying equipment play a pivotal role in this process, facilitating the testing and refinement of pharmaceutical products before commercialization and aiding in the characterization of material properties through microstructural analysis. Notably, in 2021, Spain's expenditure on internal R&D amounted to 17,249 million USD, representing 1.43% of GDP, marking a 9.2% increase from the previous year. This surge in pharmaceutical R&D spending underscores the driving force behind the growth of the filtration and drying equipment market.

The surge in chemical production is set to bolster the expansion of the filtration and drying equipment market. Within chemical manufacturing, filtration and drying equipment play a critical role in separating, purifying substances, ensuring product quality, and adhering to industry standards. For instance, the Chemical Industries Association's report indicated a steady growth trajectory in UK chemical production from 2022 to 2024, underscoring a 1.0% expansion in 2022, followed by a projected growth of 2.2% and 2.3% in 2023 and 2024, respectively. This increased chemical production stands as a significant driver for the filtration and drying equipment market.

Innovation in product development emerges as a prominent trend within the filtration and drying equipment market. Leading companies within this sector are dedicated to introducing pioneering solutions to fortify their market position. An illustration of this trend is evident in Donaldson Company Inc.'s launch of Ultrapac in March 2021. This innovative product, designed as a smart dryer for compressed air process filtration applications, boasts a modular design that offers flexible orientations. Smart communication features and ultrasilencers contribute to reducing noise pollution, ensuring safer working conditions, and facilitating easier maintenance and service handling, thereby emphasizing the trend of product innovation within this market segment.

Prominent entities in the filtration and drying equipment sector are concentrating on the development of industrial centrifuges, particularly peeler centrifuges, to cater to the escalating demands and specifications of the pharmaceutical and chemical industries. A peeler centrifuge is a specialized industrial equipment utilized for segregating solid and liquid constituents within a mixture. For example, Heinkel, a Germany-based aircraft manufacturer, introduced the BlueTector horizontal peeler centrifuge in April 2023, tailored to meet the burgeoning needs of pharmaceutical and chemical sectors. This centrifuge incorporates a redesigned structure, featuring improvements such as an optimized filtrate housing shape to enhance liquid flow efficiency, a direct drive system eliminating belt or hydraulic dependencies, and a modular base plate for cost-efficient shipping and installation. The BlueTector horizontal peeler centrifuge stands as an adaptable and effective solution, offering filtration and drying capabilities to meet the multifaceted requirements of pharmaceutical and chemical industries.

In June 2022, Komline-Sanderson Corporation, a US-based manufacturer specializing in filtration, drying, and thermal processing systems, completed the acquisition of Wyssmont Company for an undisclosed sum. This acquisition is envisioned to fortify Komline-Sanderson Corporation's position within critical product segments and expand its expertise in specialty drying on a global scale. Wyssmont Company, a US-based manufacturing and service enterprise, is renowned for its specialized tray dryers, aligning well with Komline-Sanderson Corporation's objectives for growth and specialization in drying solutions within the industry.

Major companies operating in the filtration & drying equipment market report are GMM Pfaudler Ltd., Tsukishima Kikai Co. Ltd., Heinkel Process Technology GmbH, Jaygo Incorporated, Amar Equipment Pvt. Ltd., Shree Bhagwati Machtech Pvt. Ltd., Powder Systems Ltd., HLE Glascoat Limited, Charles Thompson Limited., Little Men Roaring LLC, Pope Scientific Inc., Promas Engineers Private Limited., Comi Polaris Systems Inc., 3V Tech S.p.A, Bachiller, Chem Flowtronics Inc., BHS-Sonthofen GmbH, Komline-Sanderson Engineering Corporation, ANDRITZ AG, SPX FLOW Inc., Carrier Vibrating Equipment Inc., FLSmidth & Co. A/S, GEA Group AG, Hosokawa Micron Corporation, Metso Outotec Corporation, Nara Machinery Co. Ltd., Pneumatic Scale Angelus, Rosenmund AG, Swenson Technology Inc., TEMA Process B.V.

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

The primary categories of filtration and drying equipment include full-automatic and semi-automatic equipment. Full-automatic equipment initiates and completes processes with minimal operator involvement, enabling the automation of machines, network devices, or computer systems. These technologies encompass centrifuges, Agitated Nutsche filter-dyers (ANFD), and others, serving industries such as pharmaceuticals, chemicals, water and wastewater treatment, as well as food and beverage.

The filtration and drying equipment market research report is one of a series of new reports that provides filtration and drying equipment market statistics, including filtration and drying equipment industry global market size, regional shares, competitors with filtration and drying equipment market share, detailed filtration and drying equipment market segments, market trends and opportunities, and any further data you may need to thrive in the filtration and drying equipment industry. This filtration and drying equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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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