The Business Research Company’s Filtration And Contamination Control Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Filtration And Contamination Control Global Market Report 2023 evaluates filtration and contamination control market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global filtration and contamination control market size is expected to grow from $38.48 billion in 2022 to $40.14 billion in 2023 at a compound annual growth rate (CAGR) of 4.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The filtration and contamination control market size is expected to grow to $47.49 billion in 2027 at a CAGR of 4.3%.
The emerging pollution from industrial waste is expected to propel the growth of the filtration and contamination control market. Growing industrial setups have increased pollutant emissions, affecting the entire environment. It contaminates numerous sources by emitting harmful toxins into the atmosphere and degrades soil quality worldwide. This increased industrial pollution has emerged the demand for filtration and contamination control products, providing a necessary level of filtration with the application and system. For instance, in February 2022, according to a report published by the World Bank, a US-based financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects, the world was estimated to generate 2.24 billion tons of solid waste in 2020, amounting to a daily footprint of 0.79 kilograms per person. This rapid population growth and urbanization account for the annual waste generation to rise by 73% from 2020 to 3.88 billion tons in 2050. Therefore, emerging pollution from industrial waste is driving the growth of the filtration and contamination control market.
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The filtration and contamination control market segments in the report are:
1) By Filtration Type: Liquid Filtration, Air Filtration
2) By Customer Type: Aftermarket, OEM
3) By Application: Engine, On-Road, Agriculture, Construction, Mining and Marine, Industrial, Industrial Machinery, Oil and Gas
The table of contents in TBRC’s filtration and contamination control market report includes:
- Executive Summary
- Filtration And Contamination Control Market Characteristics
- Filtration And Contamination Control Market Trends And Strategies
- Filtration And Contamination Control Market – Macro Economic Scenario
- Filtration And Contamination Control Market Size And Growth
- Filtration And Contamination Control Market Segmentation
- Filtration And Contamination Control Market Regional And Country Analysis
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- Filtration And Contamination Control Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Filtration And Contamination Control Market
- Filtration And Contamination Control Market Future Outlook and Potential Analysis
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