The Industrial Filtration Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Industrial Filtration Global Market Report 2024, The industrial filtration market size has grown strongly in recent years. It will grow from $31.86 billion in 2023 to $34.06 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. 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 $44.56 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. 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.
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.
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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
Technological innovation is a key trend gaining popularity in the industrial filtration market. The market is witnessing the implementation of advanced filtration technologies such as spray booth filters, custom-engineered porous polymer solutions, nanofiber technology, and others to enhance life, and efficiency, reduce costs and minimize the environmental impact of industrial wastes. Major companies operating in the industrial filtration market are focusing on providing technologically advanced filtration systems to strengthen their market position. For instance, in February 2022, Veolia Water Technologies, a France-based water treatment solutions company launched he Filtraflo FCP-P, a multimedia pressure filter designed for depth filtration with high dirt-holding capacity. It is suitable for various applications, including industrial, drinking water, and wastewater treatment. This modular, high-performance system is available in different sizes, offers advanced filtration capabilities, and can be optimized for maintenance and control. Veolia’s expertise ensures the filters meet rigorous standards, and they can be integrated with Veolia’s digital monitoring solution, Hubgrade, for real-time optimization.
The industrial filtration market report table of contents includes:
- Executive Summary
- Industrial Filtration Market Characteristics
- Industrial Filtration Market Trends And Strategies
- Industrial Filtration Market – Macro Economic Scenario
- Global Industrial Filtration Market Size and Growth
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- Global Industrial Filtration Market Competitive Benchmarking
- Global Industrial Filtration Market Competitive Dashboard
- Key Mergers And Acquisitions In The Industrial Filtration Market
- Industrial Filtration Market Future Outlook and Potential Analysis
- Appendix
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