The global liquid filtration market is forecast to reach USD 3,324.8 Million by 2028, according to a new report by Reports and Data. Growth in the industrial sector is expected to fuel the urbanization across the globe during the forecast period. Development in the industrial sector is also boosting the demand for industrial filters, owing to the surge in liquid pollution.
The demand for liquid filtration mainly emerges from industrial water treatment, municipal water treatment, and industrial processes. The market for liquid filtration is expected to witness a significant growth owing to the growing contamination in the ground as well as surface water. High demand from end-user industries such as food processing, pharmaceuticals, and chemicals are propelling the demand for the market.
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Further key findings from the report suggest
- Polymer held a market share of 33.7% in the year 2018. Concentrated efforts have lowered the capital and operating cost of this type of filtration and anticipated severe water shortages in the near future unless water policies are changed, is expected to propel the market growth.
- Nonwoven Fabrics is forecasted to hold a market share of 38.5% in the year 2026. They are suitable for filtration because of their complicated structure and thickness. It provides high filtration property, high permeability, less blinding technology, and there is no yarn slippage as in woven media.
- Industrial end-user is forecasted to grow with a CAGR of 5.9% during the forecast period. Industrial liquid filtration is used to remove impurities and other contaminants from industrial oils and water. Filters reduce waste disposal, minimize process downtime, lowers maintenance time and expenses, and improves product quality.
- North America is forecasted to hold a market share of 21.7% in the year 2026. Growth in the food and beverages and chemical industries are expected to propel the demand for liquid filtration in the region. The U.S. is expected to be a major contributor to the region’s growth.
- Key participants include Eaton Corporation, Sefar AG, Fibertex Nonwoven, Sandler AG, Freudenberg Filtration Technologies, Valmet Corporation, GKD Gebr. Kufferath AG, Ahlstrom-Munksjö, Schweitzer-Mauduit International, and Filtercorp International, among others.
The COVID-19 impact Analysis: The growing COVID-19 pandemic has led to the weakening demand for coatings in electronics, automotive, construction, and white goods. The market has the capacity to bounce back, but it completely depends on the duration of the lockdown, and also the impact of the virus on the economy. Even though the overall demand of the market is falling, the demand for Liquid Filtration Market is expected to rise in the coming years.
Fabric Material Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2018-2028)
- Polymer
- Cotton
- Aramid
- Metal
Filter Media Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2018-2028)
- Woven Fabrics
- Nonwoven Fabrics
- Mesh
End-User Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2018-2028)
- Municipal
- Industrial
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of the Liquid Filtration Market
– Changes in industry market dynamics
– Detailed market segmentation by type, application, etc.
– Historical, current and projected market size in terms of quantity and value
– Recent industry trends and developments
– Competition situation of Liquid Filtration Market
– Key companies and product strategies
– Potential niche segment/region showing promising growth.
Finally, the Liquid Filtration Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.
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