Overview and Scope
Industrial filtration refers to systems used for separating particles and substances from liquids and gases to extend the life of manufacturing equipment and protect the work environment. The manufacturing and selling of pleated air filter elements, rolled goods, finished air filter bags, cages, and accessories, and impulse air cleaning products including services are related to the process of industrial filtration. Additionally, it aids in the removal of contaminants from the air and gas during operations, thereby ensuring the purity of the process outputs in the manufacturing plant or nearby area.
Sizing and Forecast
The industrial filtration market size has grown strongly in recent years. It will grow from <b>$31.86 billion in 2023 to $34.06 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. </b> The growth in the historic period can be attributed to growth in industrialization and manufacturing activities, increased awareness of workplace health and safety, expansion of water treatment and wastewater management, need for process optimization and efficiency in industries, rise in concerns about contaminant removal in industrial processes.
The industrial filtration market size is expected to see strong growth in the next few years. It will grow to <b>$44.56 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. </b> The growth in the forecast period can be attributed to focus on sustainable and eco-friendly filtration solutions, adoption of advanced nanofiber and membrane filtration technologies, demand for high-purity filtration in pharmaceutical and biotechnology industries, research and development in next-generation filtration materials and processes, expansion of filtration solutions in growing healthcare and life sciences sectors. Major trends in the forecast period include advanced membrane filtration for liquid and gas separation, nanofiber technology for enhanced filtration efficiency, iot-enabled filtration systems for condition monitoring, high-efficiency particulate air (hepa) and ultra-low penetration air (ulpa) filtration, filtration in 3d printing and additive manufacturing processes.
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Segmentation & Regional Insights
The industrial filtration market covered in this report is segmented –
1) By Type: Liquid, Air
2) By Filter Media: Activated Carbon/Charcoal, Fiberglass, Filter Paper, Metal, Non woven fabric
3) By Product: Bag Filter, Filter Press, Cartridge Filter, Depth Filter, Drum Filter, Electrostatic Precipitator, ULPA, HEPA
4) By Industry: Food And Beverage, Chemicals And Petrochemicals, Power Generation, Oil And Gas, Pharmaceuticals, Metal And Mining, Automotive
<b>North America</b> was the largest region in the industrial filtration market in 2023. The regions covered in the industrial filtration market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The necessity of a safe working environment in industrial conveniences is expected to propel the industrial filtration market. The industries are full of pollutant substances such as coarse, liquid dust pollutants, acetylene, benzene, methane, ethane, propane, and hydrogen that might degrade the health condition of employees. Due to this, a safe working environment becomes a necessity to ensure the safety and healthiness of employees and enhance their productivity. The government mandates and regulations regarding occupational health and safety are also the reasons to make a safe working environment a necessity. This necessity for a safe working environment will create a significant demand for industrial filtration as it can enable a safe working environment by eliminating contaminating particles from the air and other gases in industrial conveniences. For instance, in January 2023, according to Health and Safety Executive, a UK-based government agency, in the year 2021/22, the number of workers experiencing work-related ill health, whether new or ongoing, increased by nearly 6%, affecting 1.8 million individuals. Among these cases, the most prevalent issue was work-related stress, depression, or anxiety, accounting for 51% (914,000 cases), followed by musculoskeletal disorders at 27% (477,000 cases). Therefore, the necessity of a safe working environment in industrial conveniences is driving the growth of the industrial filtration market.
Key Industry Players
Major companies operating in the industrial filtration market include <b> Danaher Corporation, Parker Hannifin Corporation, Eaton Corporation plc, Donaldson Company Inc., Mann+Hummel International GmbH & Co. KG, Sulzer Ltd., Lenntech B.V., Ahlstrom-Munksjö Oyj, Camfil AB, Nederman Holding AB, BWF Envirotec AG, Ahlada Engineering Pvt. Ltd., Boll & Kirch Filterbau GmbH, Lydall Inc., Porvair Filtration Group, Filtration Group Corporation, Graver Technologies LLC, General Electric Company, GVS Group, Columbus Industries Inc., AAF International, Airex Filter Corporation, Freudenberg Filtration Technologies SE & Co. KG, HYDAC Technology GmbH, Kaydon Filtration Corp., Hollingsworth & Vose Company, Avery Filter Company, Midwesco Filter Resources Inc. </b>
The industrial filtration market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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