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Industrial Filters Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030

Published : Sep 2022

Report ID: ARC2610

Pages : 250

Format : Industrial Filters Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030

The Global Industrial Filters Market Size accounted for USD 4,843 Million in 2021 and is estimated to achieve a market size of USD 8,283 Million by 2030 growing at a CAGR of 6.3% from 2022 to 2030. The industrial filters market value is influenced by a variety of factors, including government-enacted environmental policies and regulations the necessity for secure working environments in industrial sites, and the growing demand for equipment reliability & lifespan extension. Furthermore, the increased emphasis on emissions reduction from automotive and industrial applications is likely to drive industrial filters market growth during the research period.

Global industrial filters market revenue is estimated to expand by USD 8,283 Million by 2030, with a 6.3% CAGR from 2022 to 2030.

Industrial Filters Market Report Key Highlights

  • Global industrial filters market revenue is estimated to expand by USD 8,283 Million by 2030, with a 6.3% CAGR from 2022 to 2030.
  • Asia-Pacific industrial filters market accounting for around 40% of the total market share in 2021
  • Among type, liquid filter media segment grew at the fastest pace of nearly 7% during the projection period
  • North American regional market is expected to develop at the fastest CAGR throughout the forecast period
  • Based on end-user, food and beverages segment will account for more than 31% of overall market share in 2021
  • Government mandates & policies for the protection of the environment, drives the industrial filters market

Filtration is the process of removing suspended particles from a fluid. This could be the removal of suspended solid particles from a liquid or from the air. Industrial filters are used in a wide variety of industries, including power plants, the paper industry, and automotive manufacturing. Cleaning washing water is one of the most common applications for industrial filters. In this case, industrial filters are used to ensure that the fine spray nozzles are not clogged by particles in the water.

 Global Industrial Filters Market Dynamics

Market Drivers

  • Government mandates & policies for the protection of the environment
  • Increased demand for equipment dependability and lifecycle extension
  • Need for a safe and healthy work environment in manufacturing units
  • Increasing demand in the automobile and manufacturing industries

Market Restraints

  • Unfavorable economic circumstances
  • Frequent replacement and disposal of industrial filters

Market Opportunities

  • Increasing the use of automated filtration technologies in industrial applications
  • Increasing emphasis on energy-efficient filtration products

Industrial Filters Market Report Coverage

Market Industrial Filters Market
Industrial Filters Market Size 2021 USD 4,843 Million
Industrial Filters Market Forecast 2030 USD 8,283 Million
Industrial Filters Market CAGR During 2022 - 2030 6.3%
Industrial Filters Market Analysis Period 2018 - 2030
Industrial Filters Market Base Year 2021
Industrial Filters Market Forecast Data 2022 - 2030
Segments Covered By Type, By End-User, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Valmet Corporation, Lydall Inc., The 3M, Ahlstrom-Munksjo, Clear Edge Filtration Group, Nordic Air Filtration, Fibertex Nonwoven, Sefar AG, Freudenberg Filtration Technologies, and Sandler AG.
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
Industrial Filters Market Insights

Stringent Government Regulations For Clean Water And Fresh Air Support The Growth Of Global Industrial Filters Market Trend

Automotive emission regulations, which are being implemented globally to reduce the discharge of carbon dioxide (CO2), sulfur oxides (SOx), nitrogen oxides (NOx), and particulate matter into the environment, are one of the major factors contributing to the growth of global industrial filters. Euro 6, Europe's emissions standard, aims to reduce harmful car and van exhaust emissions in mass-produced petroleum and diesel vehicles. Both India and China are enforcing their own stringent regulations based on European standards. New laws that will go into effect in 2020 are expected to result in a diverse change in air quality. In the pharmaceutical industry, USP 797 in the United States establishes standards to protect patients from harm caused by contaminated or improperly prepared compounded sterile preparations (CSPs). The regulations require regular particle monitoring and measurements to ensure that sites with the highest potential for contamination meet air cleanliness standards. Another factor to consider is the desire for cleaner energy. Filtration and separation are used upstream in the process to remove particulate matter, oil condensates, and other impurities from natural gas and shale gas. Filtration and separation innovative technologies aim to reduce costs while meeting regulations and consumer demands. Environmental regulations governing exhaust emissions, strainer maintenance, and disposal are expected to drive the overall filter market. Organizations such as the United Nations, the Emirates Authority for Standardization and Metrology, the California Environmental Protection Agency, the European Union Emission Standards, and the Environmental Protection Agency have established specific regulations and guidelines to improve safety and reduce environmental and health risks.

Newer Technologies Supplement The Growth Of The Global Industrial Filters Market

Because each industrial application has its own set of requirements, the trend of customized filter technology is quickly evolving. Industrial filters are being developed for specific tasks, operating conditions, environments, and system properties. This is a significant trend that will drive the global industrial filter market share in the coming years. Boll and Kirch, a leading industrial filter vendor, has, for example, introduced the design of optimal industrial filters that are industry and operation specific. Furthermore, industrial filters made of non-woven fabric are gaining traction in the global market. When compared to other materials, non-woven material has higher filter efficiency. Depending on the filter bag's performance, different materials, textiles, or fibres are used as industrial filter bags. Polyurethane, polypropylene, polyamide, and polyvinylidene fluoride are some of the materials used to make non-woven industrial filter bags. Apart from that, the food and beverage industry is currently providing a significant boost to the global industrial filter market. This is due to people's changing lifestyles and food habits, a growing population, and rapid urbanization. The demand for processed and ready-to-eat foods is skyrocketing, and this trend is expected to continue due to the aforementioned factors. This industry is expected to generate high demand for industrial filters, which will boost the global market in the coming years.

Industrial Filters Market Growth 2022 - 2030

Industrial Filters Market Segmentation          

The worldwide industrial filters market segmentation is based on the type, end-user, and geography.

Industrial Filters Market By Type

  • Liquid Filter Media
    • Woven Fabrics
    • Nonwoven Fabrics
    • Mesh
  • Air Filter Media
    • Nonwoven Fabrics
    • Fiberglass
    • Activated Carbon
    • Filter Paper
    • Metal
    • Others

Asia-Pacific industrial filters market accounting for around 40% of the total market share in 2021

According to the industrial filters industry analysis, the liquid filter media segment is expected to dominate the market during the forecast period. Degrading air quality and global warming have compelled countries to impose strict air emission regulations on industries in order to reduce pollutants released into the atmosphere, which is one of the key factors driving the growth of the global industrial filters market in the coming years. Furthermore, stringent government regulations drive the global industrial filters market.

Industrial Filters Market By End-User

  • Food & Beverage
  • Metal & Mining
  • Chemical
  • Pharmaceutical
  • Power Generation
  • Others (Textile and Pulp & Paper)

Among type, liquid filter media segment grew at the fastest pace of nearly 7% during the projection period

According to the industrial filters market forecast, the food and beverage industry will grow at the fastest rate in the coming years. Food and beverage is the largest and fastest-growing end-use industry for industrial filters, as water is needed for washing, beverage production, and processing. Filtration is a critical process in the food and beverage industries. Food safety concerns, the addition of new product lines by various companies, and a growing population are expected to drive demand for industrial filters in this industry.

Industrial Filters Market Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Latin America

  • Mexico
  • Brazil
  • Rest of Latin America

Asia-Pacific

  • India
  • Japan
  • China
  • Australia
  • South Korea
  • Rest of Asia-Pacific

The Middle East & Africa (MEA)

  • Gulf Cooperation Council (GCC)
  • South Africa
  • Rest of the Middle East & Africa

Asia-Pacific Region Is Expected To Dominate The Market

In terms of regions, the Asia Pacific region is expected to have a reasonable market share in the coming years. Rapid industrialization and urbanization in emerging economies such as India, Vietnam, Thailand, and Malaysia aid regional market growth. High investments, combined with government initiatives to aid in increasing urbanization and industrialization, particularly in emerging economies, have a significant impact on market growth. Changes in customer lifestyle and living standards are important factors driving demand for industrial filters.

North America is expected to grow significantly during the forecast period, owing to the expansion of the region's food and beverage and chemicals industries. The high standard of living and affordability of these end-use industries are driving up demand for industrial filters.

Due to the high demand for industrial filters in major end-use industries such as food and beverage, chemicals, metals and mining, and pharmaceuticals, the European market is expected to grow significantly during the forecast period.

Industrial Filters Market Players

Some of the top industrial filters market companies offered in the professional report include Valmet Corporation, Lydall Inc., The 3M, Ahlstrom-Munksjo, Clear Edge Filtration Group, Nordic Air Filtration, Fibertex Nonwoven, Sefar AG, Freudenberg Filtration Technologies, and Sandler AG. & Co., Inc., Johnson & Johnson Services, Inc., and Novartis AG.Based on end-user, food and beverages segment will account for more than 31% of overall market share in 2021

Frequently Asked Questions

What is the size of global industrial filters market in 2021?

The estimated value of global industrial filters market in 2021 was accounted to be USD 4,843 Million.

What is the CAGR of global industrial filters market during forecast period of 2022 to 2030?

The projected CAGR industrial filters market during the analysis period of 2022 to 2030 is 6.3%.

Which are the key players operating in the market?

The prominent players of the global industrial filters market are Valmet Corporation, Lydall Inc., The 3M, Ahlstrom-Munksjo, Clear Edge Filtration Group, Nordic Air Filtration, Fibertex Nonwoven, Sefar AG, Freudenberg Filtration Technologies, and Sandler AG.

Which region held the dominating position in the global industrial filters market?

Asia-Pacific held the dominating industrial filters during the analysis period of 2022 to 2030.

Which region registered the fastest growing CAGR for the forecast period of 2022 to 2030?

North America region exhibited fastest growing CAGR for industrial filters during the analysis period of 2022 to 2030.

What are the current trends and dynamics in the global industrial filters market?

Government mandates & policies for the protection of the environment, and increased demand for equipment dependability and lifecycle extension, drive the growth of global industrial filters market.

By type segment, which sub-segment held the maximum share?

Based on type, liquid filter media segment is expected to hold the maximum share industrial filters market.

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