Overview and Scope
Sintered metal filters refer to a porous, frequently cylindrical, metallic object created during the sintering process. High temperatures are utilized to combine and fuse copper and metal alloys, resulting in porosity and the formation of a mesh.
Sizing and Forecast
The sintered metal filters market size has grown strongly in recent years. It will grow from $1.38 billion in 2023 to $1.48 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to industrial growth, stringent environmental regulations, quality and purity requirements, globalization and supply chain dynamics, rising awareness of filtration benefits.
The sintered metal filters market size is expected to see strong growth in the next few years. It will grow to $1.98 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to industry-specific demand, increasing emphasis on water and wastewater treatment, stricter emission standards, focus on energy efficiency, rapid urbanization and infrastructure development. Major trends in the forecast period include growing demand for environmental filtration solutions, advancements in material technology, rising emphasis on industrial filtration, global expansion of manufacturing activities, stringent regulatory standards, focus on healthcare and pharmaceutical applications.
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Segmentation & Regional Insights
The sintered metal filters market covered in this report is segmented –
1) By Type: Low Porosity (<30%), Medium Porosity (30~60%), High Porosity (>60%)
2) By Product: Fluid Filters, ICE Filters, Air Filters
3) By Application: Metallurgy Industry, Power Industry, Chemical Industry, Medical Industry, Electronics Industry, Other Applications
Asia-Pacific was the largest region in the sintered metal filters market in 2023. The regions covered in the sintered metal filters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Rising environmental regulations will significantly contribute to the growth of the sintered metal filters market going forward. Environmental regulations refer to the placing of restrictions or obligations on people, businesses, or other organizations intending to prevent environmental deterioration or improve it. Sintered metal filters are used to control emissions generated by power generation and automotive industries to meet environmental regulations. For instance, in March 2022, the Environmental Protection Agency (EPA), a US-based government agency tasked with environmental protection matters, issued new emission control standards for trucks and heavy-duty vehicles. According to the proposed regulations, trucks, buses and heavy-duty vehicles will be required to reduce greenhouse gas (GHG) emissions. Therefore, rising environmental regulations will drive the sintered metal filter market.
Key Industry Players
In March 2022, Mott Corporation, a US-based filtration products company, acquired ASCO Filtri for an undisclosed amount. The acquisition will expand Mott Corporation’s footprint to Europe, Africa and Middle East markets. ASCO Filtri S.p.A. is an Italy-based filtration products company that manufactures sintered metal filters.
The sintered metal filters market report table of contents includes:
1. Executive Summary
2. Sintered Metal Filters Market Characteristics
3. Sintered Metal Filters Market Trends And Strategies
4. Sintered Metal Filters Market – Macro Economic Scenario
5. Global Sintered Metal Filters Market Size and Growth
….
31. Global Sintered Metal Filters Market Competitive Benchmarking
32. Global Sintered Metal Filters Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Sintered Metal Filters Market
34. Sintered Metal Filters Market Future Outlook and Potential Analysis
35. Appendix
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