The liquid filtration global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Liquid Filtration Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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Scope Of Liquid Filtration Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Liquid Filtration Market Overview
Market Drivers –
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.
Market Trends –
Technological advancements are a key trend gaining popularity in the liquid filtration market. Major companies operating in the liquid filtration market are introducing new technologies to sustain the market. For instance, in April 2023, Amazon Filters, a UK-based company that specializes in the design and manufacture of filtration systems, launched a mechanical safety interlock for its key process industry housings. It is designed for users in various sectors such as chemical, water, pharmaceuticals, food and beverage, OEM, and oil and gas. The interlock is a safety feature designed to prevent operators from opening the filtration housing while it is still under pressure. This is crucial for preventing potential health and safety hazards, including exposure to substances and liquids being released violently. Enhanced safety measures are essential in industries where pressurized filtration systems are commonly used.
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
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Regional Insights –
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.
Key Companies –
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
1. Executive Summary
2. Liquid Filtration Market Report Structure
3. Liquid Filtration Market Trends And Strategies
4. Liquid Filtration Market – Macro Economic Scenario
5. Liquid Filtration Market Size And Growth
…..
27. Liquid Filtration Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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