Industrial Filtration Market

Market Overview

The global industrial filtration market size was valued at USD 32.88 billion in 2022. It is projected to reach USD 59.89 billion by 2031, growing at a CAGR of 6.89% during the forecast period (2023-2031).

Filtration is the process of removing suspended solid particles from a liquid or gas. This process is performed with the help of a medium called filter media. The process is used in the chemical, petrochemical, automotive, metals, and mining industries. The increasing need to prevent dust and minute airborne particles generated within manufacturing plant space from being released into surroundings may raise demand for the market in the coming years. Increasing efforts by major manufacturers to bring about innovations such as reduced greenhouse gases, enhanced performance, and enhanced energy efficiency in filter media are likely to further encourage usage. The increasing population may raise the demand for purification for drinking water, coupled with growing industrialization may create the need for purification in products such as foods and beverages, transportation, and infrastructure in the near future.

Market Dynamics

Market Driving Factors

Government Regulations to Control Industrial Emissions

Environmental regulations and standards are garnering popularity around the world as a means of mitigating the impact of industrial emissions. The utilization of non-toxic materials, the reconfiguration of manufacturing techniques, and the use of conservation practices are all emphasized in these guidelines. They also urge people to reuse rather than discard items, which helps to reduce pollution. North America and Europe were the first regions in the world to enact environmental legislation. According to the law, large-scale industrial installations must also obtain operations and maintenance permits for pollution control. Developing countries in the Asia Pacific, the Middle East, and Africa are working to establish various environmental emission standards in order to reduce pollution. These rules are expected to increase the demand for industrial filtration.

Rapid Industrialization Worldwide

Growing industrialization and urbanization are major drivers of the industrial filtration market. Expanding industrial operations and financial backing for industrial filtration businesses, as well as the development of new advanced-technology solutions, all contribute to the market's growth and demand for such products. Employee health is important, which is why industries are mandating the use of industrial filtration in their facilities, which ultimately increases the market for the product.

Market Restraining Factors

Higher Consumption of Energy

The significant use of energy during the industrial filtration process is a big challenge affecting the market growth. Ultrafiltration and centrifugal filtration are two processes that consume a large amount of energy in the processing industry. With the rising energy cost around the world, this factor significantly impacts manufacturers' profit potential, providing opportunities for other treatment methods over filtration processes. This is expected to restrain the market's growth potential.

Key Market Opportunities

Rapid Advancement of Filtration in the Pharmaceutical Industry

Filtration is a process that removes solid particulate matter from a fluid, which can be liquid or gas, by using a porous medium. Filtration is widely used in the pharmaceutical industry because it can be easily applied to various pharmaceutical needs. Depending on the type of solution, the pharmaceutical industry requires different filtration methods. Surface filtration, horizontal filtration, cross-flow filtration, ultra-filtration, and cake filtration are the most common types of filtration used in the pharmaceutical industry. Revolutionary developments in the pharmaceutical industry have increased human life expectancy while providing a productive and healthy lifestyle. As a result, industries such as diagnostic and medical research have increasingly used filtration technologies such as microfiltration and ultrafiltration instead of chemical techniques to keep products safe and pure. As a result, the pharmaceutical industry's expansion is expected to drive market growth.

Regional Analysis

The global Industrial Filtration Market is bifurcated into four regions, namely North America, Europe, Asia-Pacific, and LAMEA.

North America Dominates the Global Market

North America is the most significant shareholder in the global Industrial Filtration Market and is expected to grow at a CAGR of XX% during the forecast period. The larger share is linked to the increasing investment in the manufacturing sector to control hazardous particle emissions, and stringent regulations to control air pollution are driving the market in the region. The USA has one of the world's most polluting power industries, with coal being used for 26.86% of overall electricity output. Therefore, this factor would provide sufficient opportunities for the region's industrial filtration market during the projected period.

Asia Pacific is expected to account for a significant share of the global industrial filtration market due to the presence of major electronics industries. Filtration is very important in the manufacturing of electrical equipment such as generators and semiconductors. China is the leading producer of electrical equipment and semiconductors, contributing heavily to the growth of the market in the region. Growing population, increasing industrialization, and growing environmental concerns regarding the level of emissions from industries are some of the factors attributed to an increased usage of systems in the region. Increasing investment by major manufacturers in the development of innovative filter media for improving energy efficiency and the development of new raw materials, such as small fibers, may further promote the growth of the market.

Europe is expected to grow significantly, with the highest CAGR during the forecast period 2023-2031. The faster rate is attributed to the growth of the food and beverage industry and pharmaceutical industry in the region. The presence of major manufacturers with their well-established production facilities, coupled with their increasing focus on new product development and innovation, may promote growth in the region. For instance, major manufacturers of systems in Europe, such as Donaldson and Clarcor Inc, are focusing on R&D initiatives so as to develop innovative products in the field of nanotechnology.

The LAMEA region is expected to grow at a moderate rate due to the gradually improving economic and political situation in South America. In the LAMEA region, industrial filtration is promoted by both governmental agencies and NGOs, with the full participation of the community. Residential filters, slow and rapid sand filters and dual media filters are particularly used in Latin America. In the coming years, market participants will benefit from the current changes in manufacturing industries from developed countries to developing regions. This will provide these industries with even more innovative and customized filtration products.

Segmental Analysis

The global industrial filtration market is segmented by type, filter media, and application.

Based on type, the global market is bifurcated into air and gas filtration, and liquid filtration.

The liquid segment is the highest contributor to the market and is expected to grow at a CAGR of xx% during the forecast period due to the need to treat wastewater worldwide, as it is the primary cause of water pollution. The wastewater also affects agriculture, as the toxic water can be used for farming, resulting in the degradation of farmlands and the yield of toxic crops and vegetables. The water coming out of several industries are hazardous, and it can worsen the water quality of nearby rivers affecting the health of the nearby population; hence governments are enforcing certain regulations to reduce water pollution by making it mandatory to have wastewater treatment at the outlet of all industries.

The air and gas filtration segment is expected to grow at the fastest rate due to technological advancements in developing new filter media to improve product energy efficiency. Similarly, governments and key players around the world are working with various environmental organizations to develop guidelines to control harmful emissions. Industrial air filters are essential in any industry where operations generate smoke and pollution. These filters are used in closed areas to maintain indoor air quality by filtering out air pollutants.

Based on filter media, the global market is bifurcated into activated carbon, fiberglass, nonwovens, metals, filter paper, and combination filters.

The nonwoven segment is the highest contributor to the market and is expected to grow at a CAGR of xx% during the forecast period due to its remarkable properties such as high durability, good strength, reusability, good water-resistance, hypoallergenic nature, fire-resistance, and soft, light, and washable nature. Nonwoven fabric is the most commonly used filter media. Because of the complex structure of fibers, low-cost and fast production process, and diverse design possibilities due to the structure's adaptability, they are suitable for use in a wide range of industries, such as pharmaceuticals, mineral processing, and others.

The activated carbon segment is expected to grow at the fastest rate, as the activated carbon can be easily regenerated on-site through the use of heat and chemical treatment, which makes it appealing for use in continuous filtration operations. With a growing emphasis on reusable media, the activated carbon segment is anticipated to gain a large market share during the forecast period.

Based on application, the global market is bifurcated into food and beverage, power generation, semiconductors and electronics, chemicals and petrochemicals, healthcare, metals and mining, and paper and paints.

The healthcare segment is expected to account for a large share of the market, owing to the rising need for pure raw materials. The COVID-19 pandemic has increased investment in the healthcare industry, resulting in an increase in the establishment of pharmaceutical industries and the installation of industrial filtration processes in those industries. The rapid growth of the pharmaceutical sector is likely to raise the demand for bio-filter, a combined filter and biological digestion device, which may, in turn, increase consumption in the years to come.

The food and beverage segment is expected to grow at the fastest rate due to the increasing demand for a longer shelf life of food and beverages. Industrial filtration plays an important role in maintaining food processing equipment, prolonging its shelf life, and keeping food and beverage products fresher for a longer period.

Recent Developments

• March 2022, Alpha Laval launched E-PowerPack, to improve marine sustainability by helping convert waste heat into electric power that can be utilized to power the ship.
• May 2022, Mutares has acquired Mann+Hummel group’s plastic parts business including air intake manifolds, and fluid reservoirs.