Industrial Filters Market Growth Opportunities and Forecast till 2030
The Global Industrial Filters Market Size was valued USD 4,897 Million in 2021 is anticipated to reach USD 8,327 Million by 2030 with a CAGR of 6.3% from 2022 to 2030.
According to the EPA, the air inside buildings and structures is typically two to five times more contaminated than the outside air. The level of air pollution in industrial buildings can be even higher, especially in manufacturing plants as well as chemical processing facilities. Furthermore, manufacturing process carryover, such as dust particles, oil mist aerosols, and condensed vapours, can accumulate both inside and outside the equipment, causing problems with equipment maintenance, process quality, and worksite safety. The withdrawal of contaminating particles from air and other gases is what industrial filtration is all about. Many industrial procedures involve air filtration and separation systems to protect not only the equipment but also the work environment.
Market Dynamics
The growing demand for filtration in end-use industries is driving the global industrial filters market. This expansion is attributed to rapid industrialization and urbanization, as well as the implementation of severe restrictions governing industrial waste emission and treatment.
The availability of raw materials such as paper, cotton, synthetic textiles and fibres, metals such as adhesives, iron and steel, rubber, plastics, and chemicals has a significant impact on the industry. Thus, changes in raw material prices have a direct impact on manufacturing costs, limiting industry growth to some extent. The rising global automotive industry, as well as rising population and disposable income levels, are expected to drive market growth, particularly in developing regions such as Asia Pacific, the Middle East and Africa, and Central and South America. Filters are used in a variety of automotive End-Users, including oil intake, emission filtration, and cabin air filtration.
Environmental regulations governing exhaust emissions, strainer maintenance, and disposal are estimated to drive filter market. Organizations such as the United Nations, the Emirates Authority for Standardization and Metrology, the California Environmental Protection Agency, the European Union Emission Standards, and the Environmental Protection Agency have established specific guidelines and regulations to improve safety and reduce environmental and health hazards. However, rising demand for renewable energy sources is expected to limit global market growth over the forecast period.
Market Insights
Type, end-user, and region are the three categories of the global industrial filters industry. Based on the type sector, the segmentation includes mesh, liquid filter media, and air filter media. According to our research, the liquid filter media segment will dominate the industrial filters market in the coming years. One of the major factors propelling the growth of the global industrial filters market in the upcoming years is the need for countries to start imposing air emissions standards on industries in order to minimize pollutants released into the air as a result of deteriorating air quality and global warming.
The end-user segment is further categorized into chemical, food & beverage, metal & mining, pharmaceutical, power generation, and others (textile and pulp & paper). Because water is required for washing, beverage production, and processing, food and beverage is the biggest and fastest-growing end-use sector for industrial filters.
Global Industrial Filters Market Geographical Competition
The global industrial filters market is divided into North America, Europe, Latin America, Asia-Pacific, and the Middle East and Africa. The largest revenue-producing region for industrial filters globally is Asia-Pacific. Due to the region's expanding population, numerous industries are expanding. The market for industrial filters in Asia-Pacific is expanding as a result of rising urbanization and industrialization. The market for industrial filters is also being driven by the region's strict government regulations regarding industrial waste treatment and emission. The regional market will also be fueled by an increase in the adoption of air purifiers in a number of nations, including Germany, France, Italy, and Spain. Due to the high levels of auto production brought on by the presence of major manufacturers like Ford, General Motors, and BMW, North America is predicted to grow at a consistent CAGR from 2022 to 2030.
Global Industrial Filters Industry Segment Analysis
Industrial Filters Market By Type
· Air Filter Media
o Activated Carbon
o Fiberglass
o Filter Paper
o Metal
o Nonwoven Fabrics
o Others
· Liquid Filter Media
o Mesh
o Non-woven Fabrics
o Woven Fabrics
Industrial Filters Market By End-User
· Chemical
· Metal & Mining
· Food & Beverage
· Pharmaceuticals
· Other (Textile and Pulp & Paper)
Industrial Filters Market Leading Companies
This section of the study honors the industrial filters market top vendors such as 3M, Ahlstrom-Munksjo, Clear Edge Filtration Group, Fibertex Nonwoven, Freudenberg Filtration Technologies, Lydall Inc., Nordic Air Filtration, Sandler AG, Sefar AG, and Valmet Corporation.
Industrial Filters Market Regions
North America
· U.S.
· Canada
Europe
· U.K.
· Germany
· France
· Spain
· Rest of Europe
Latin America
· Brazil
· Mexico
· Rest of Latin America
Asia-Pacific
· China
· Japan
· India
· Australia
· South Korea
· Rest of Asia-Pacific
Middle East & Africa
· GCC
· South Africa
· Rest of Middle East & Africa