Overview and Scope
Liquid filtration is the process of removal of solid particles, impurities, and contaminants from a fluid stream. The liquid is passed through a semi-permeable membrane that allows only liquids to pass through and blocks all the solid particles and impurities. Liquid filtration is used for separating suspended solids from a fluid medium.
Sizing and Forecast
The liquid filtration market size has grown strongly in recent years. It will grow from $3.3 billion in 2023 to $3.53 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to industrial growth, stringent environmental regulations, water scarcity concerns, health and safety standards, pharmaceutical manufacturing needs, oil and gas exploration..
The liquid filtration market size is expected to see strong growth in the next few years. It will grow to $4.66 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to increasing awareness of filtration benefits, waste management, rising population and urbanization, renewable energy development, rapid industrialization in emerging markets, focus on clean energy, circular economy initiatives.. Major trends in the forecast period include technological advancements, customization and specialization, adoption of iot and automation, increasing demand for membrane filtration, globalization and market expansion, focus on energy efficiency..
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Segmentation & Regional Insights
The liquid filtration market covered in this report is segmented –
1) By Filter Media: Woven, Nonwoven, Mesh
2) By Fabric Material Type: Cotton, Polymer, Wool, Linen, Glass Fiber, Metals, Rayon, Other Materials
3) By End-User: Municipal Treatment, Industrial Treatment
North America was the largest region in the liquid filtration market in 2023. Asia-Pacific is expected to be the fastest-growing region in the liquid filtration market report during the forecast period. The regions covered in the liquid filtration 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
The rising urbanization and industrialization are expected to propel the growth of the liquid filtration market going forward. Urbanization refers to the growth of the cities and an increase in the population of people that live in cities, whereas industrialization refers to the process, by which an economy is changed to one based on the manufacturing of goods from a primarily agricultural one. Liquid filtration helps by providing better drinking and sewage water facilities to fulfil the need of rising urbanization and industrialization. For this purpose, liquid filtration is used which drives the liquid filtration forward. For instance, in 2021, according to the United Nations Conference on Trade and Development, 56.5% of the world’s population resided in urban regions, and it is projected to rise to 68% by 2050. Additionally, in 2022, according to Trading Economics, a US-based site that provides its users with accurate information, following a downwardly corrected 0.1% rise in March, industrial production in the United States climbed by 0.2% annually in April 2023. As a result, the growing urbanization and industrialization are driving the growth of the liquid filtration market.
Key Industry Players
Major companies operating in the liquid filtration market report are Clear Edge Filtration Inc., 3M Company, American Fabric Filter Company, Berry Global Inc., Donaldson Company Inc., Eagle Nonwovens Inc., Fibertex Nonwovens A/S, Freudenberg Filtration Technologies GmbH & Co. KG, Gebr. Kufferath AG, Kimberly-Clark Lever Private Limited, Lydall Inc., Sandler AG, Sefar AG, Valmet Technologies Private Limited, Amiad Water Systems Ltd., ANDRITZ Ltd., Boll Filter Corporation, Bwf Tec India Private Limited, The Camfil Group, Parker Hannifin Corporation, Eaton Corporation, ErtelAlsop LLC, Filter Products Company, Filtermist International Ltd., MAHLE GmbH, Graver Technologies LLC, GVS Group Ltd., Hengst SE, Krone Filter Solutions GmbH, LNS Filtration Inc., Filterwerk Mann+Hummel GmbH, Meissner Corp., Merck Co. & KGaA, Pall Corporation, Porvair plc, Sartorius Stedim Biotech S.A., UFI Filters SpA
The liquid filtration market report table of contents includes:
1. Executive Summary
2. Liquid Filtration Market Characteristics
3. Liquid Filtration Market Trends And Strategies
4. Liquid Filtration Market – Macro Economic Scenario
5. Global Liquid Filtration Market Size and Growth
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31. Global Liquid Filtration Market Competitive Benchmarking
32. Global Liquid Filtration Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Liquid Filtration Market
34. Liquid Filtration Market Future Outlook and Potential Analysis
35. Appendix
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