Global Liquid Filtration Market Research Strategies and Forecasts, 2018 to 2025
The global liquid filtration market is expected to grow from USD 2,177.60 Million in 2017 to USD 3,837.69 Million by 2025 at a CAGR of 7.34% during the forecast period from 2018-2025. Major drivers that fuel the growth of liquid filtration market are:
- Rapid industrial developments & urbanization
- Stringent rules and regulations for emission and treatment of industrial and municipal waste
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Liquid filtration is process in which solids from fluid are separated by using mechanical, physical or biological operations. This filtration process uses a medium that allows only the fluid to pass through it. The liquid filtration is done by municipal water treatment plants, control generators, steel factories, metropolitan sewage treatment operators, metropolitan sewage treatment operators, chemical plants, and other industries for purification of industrial waste water. The constant operations in industries typically creates minute airborne particles, dust, synthetic substances, and in addition different allergens. This can ruin the outer environment and thus increased the need to industrial filtration.
Rapid industrial developments & urbanization is anticipated to drive liquid filtration market:
Rapid industrial developments & urbanization and stringent rules and regulations for emission and treatment of industrial and municipal waste are the key driving factors for the liquid filtration market. The increasing demand for renewable resources and low rate of industrial development in countries like China may impact the growth of market. However, increasing manufacturing sectors and start-ups in various industries is expected to boost the liquid filtration market over the forecast period.
The global liquid filtration market is segmented on the basis of fabric material, fabric media, end user, and regions.
Woven segment valued around USD 683.98 Million in 2017
Filter media segment includes woven, nonwoven, and mesh. Woven segment is anticipated to grow with highest CAGR over the forecast period. Here, contributing factors are high-tech development, increasing demands for multifilament woven fabrics, and less cost of woven are key factors to drive the demand of woven segment.
Industrial is anticipated to grow with highest CAGR of 10.19% over the forecast period
End user segment is divided into municipal and industrial. Industrial is playing a chief role in shaping business growth, disrupting industry verticals and acting as catalyst for business modernization. The industries such as food & beverage, mining, and chemical uses advanced technologies for the liquid filtration and hence fuels the market share of industrial segment.
Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. Asia Pacific held the market value of USD 753.67 Million in 2017. Increase in the adoption of advanced filtration processes and rapid industrialization are some of the factors that led to the growth of liquid filtration market in this region.
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The major players for liquid filtration market include Clear Edge Filtration, Eaton Corporation, Freudenberg Filtration Technologies, GKD, American Filter Fabrics, Lydall, Valmet, Sandler AG, Sefar AG, Fibertex Nonwoven, Halton, Aquael, TROX GmbH, and among others.
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