CHICAGO, March 3, 2022 /PRNewswire/ — According to a new market research report “By Type (Air & Liquid), Product (Press, Bag, Drum, Depth, Cartridge, HEPA, ULPA), Industrial Filtration Market by Filtration Media (Activated Carbon, Glass Fiber, Filter Paper, Metal, Nonwovens), Industry and Region – Global Forecast to 2027″, published by MarketsandMarkets™, the global industrial filtration market size is expected to grow by 2027 Reaching USD 45.2 billion, the market size is expected to be USD 33.5 billion in 2022, growing at a CAGR of 6.2% during the forecast period.The key drivers for the growth of the industrial filtration market include government requirements and policies for environmental protection, demand for safe working environment in industrial facilities, increasing demand for equipment reliability and extended life cycle, and industrial development in developing countries.
The liquid segment is expected to be the largest segment of the industrial filtration market by type during the forecast period
The industrial filtration market is segmented by type into liquid-based and air-based.By type, the liquid type segment is expected to be the largest segment in the industrial filtration market during the forecast period.Rising environmental regulations related to the discharge of pollutants into water bodies are expected to drive the growth of the liquid type segment of the industrial filtration market.
The nonwovens segment is expected to be the largest contributor to the industrial filtration market by filter media during the forecast period
The industrial filtration market is divided into activated carbon, glass fiber, filter paper, metal, non-woven fabric, etc. by filter media.The nonwovens segment is expected to hold the largest industrial filtration market size during the forecast period.The growth of this filter media segment is driven as it is durable, reusable, waterproof, hypoallergenic, fire resistant, soft, lightweight and sometimes washable.
Drill Down to TOC for “Industrial Filtration Market” 179 – Table 50 – Figure 254 – Page
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The industrial filtration market is segmented by product into bag filters, filter presses, cartridge filters, depth filters, drum filters, electrostatic precipitators, ULPA, HEPA, and others.The bag filter market is expected to account for the largest size of the industrial filtration market during the forecast period.Low maintenance and low operating costs are driving the demand for bag filters.
Chemicals and petrochemicals are expected to be the largest market by industry during the forecast period
The industrial filtration market is segmented by industry into food & beverage, chemical & petrochemical, power generation, oil & gas, pharmaceutical, metals & mining, automotive, and others.The chemical and petrochemical industries are expected to be the largest industrial filtration market during the forecast period.The growth of this segment is driven by stringent regulations to reduce particulate matter emissions in food and beverage facilities.
North America is estimated to be the largest market for industrial filtration, followed by Asia Pacific.North America is expected to lead the industrial filtration market over the forecast period.Rising investments in manufacturing to control harmful particulate emissions and tightening air pollution control norms are driving the industrial filtration market in the region.
The industrial filtration market is served by large international players operating globally and local players with strong supply networks in the domestic market.Leading players in the global industrial filtration market include MANN+HUMMEL (Germany), Danaher (US), Parker-Hannifin (US), 3M (US) and Cummins (US).
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Post time: Mar-16-2022
