Industry Insights
The global liquid filtration market is expected to reach USD 31.74 billion over the forecast period. The market is expected to witness a substantial growth due to the increasing contamination of ground as well as surface water. Moreover, high demand for filtration across various sectors such as chemicals, pharmaceuticals and food processing are expected to boost the market for the liquid filtration over the forecast period.
Global liquid filtration market revenue, by application, 2014 - 2024 (USD Billion)
The global liquid filtration industry is expected to grow significantly due to advancement in technology and increasing industrialization around the globe. For instance, Viledon water solutions combined with Aqua Bio technology uses membrane bioreactors to separate biomass generated in the biological process and quality water which that can be directly used for environmental use.
Segmentation by Product
• Monofilament Mesh (>250 micron opening)
• Monofilament Polypropylene Fabrics
• Multifilament Polypropylene Fabrics
• Nonwoven Polypropylene Felt
• Nonwoven Polyester Felt
Multifilament polypropylene fabrics dominated the global market valued at USD 6 billion due to its unique filtration properties and high resistance towards organic acids which are expected to boost the market over the forecast period. They are used to produce strength fiber for concrete, filter cloth, and knitting belt.
Monofilament polypropylene fabrics and nonwoven polyester felt are expected to witness substantial growth over the forecast period due to its quality and price variation compared to multifilament polypropylene fabric, and nonwoven polypropylene felt. Furthermore, monofilament mesh (>250-micron opening) are only available in nylon and polyester forms. Due to its low price and high availability, it is expected to grow at a CAGR of 4.0% over the forecast period.
Segmentation by application
• Mining
• Chemicals
• Pharmaceuticals
• Food processing
• Sludge dewatering
• Waste water treatment
Waste water treatment holds a significant market share followed by sludge dewatering on account of stringent government regulations for waste water discharges from chemical, food mining and pharmaceutical industries. Moreover, due to demand for filter media and pure quality end product in the pharmaceutical industry is expected to fuel the growth of the market over the forecast period. The segment is projected to grow at a CAGR of 6.5% over the projected period.
Food processing was valued at USD 2.98 billion and is expected to witness above average growth over the projected period. With the rise in population and improved standards of living the demand for food items is expected to fuel the liquid filtration market in food processing industries.
In mining, there are various filtration techniques used for solid-liquid and liquid-liquid separation. Each filtration technique uses a filter media through which the separation is done and due to increase in the mining activities the market for liquid filtration is expected to grow at a 6.3% CAGR over the forecast period.
Segmentation by region
• North America
• U.S.
• Europe
• France
• Asia-Pacific
• China
• Japan
• India
• Central & South America
• Middle East & Africa
Asia Pacific held the largest share and is expected to dominate the global market over the forecast period due to increasing industrialization in China, Japan and India. Changing government regulations to reduce carbon emission and pollution are the key drivers of the industry. Growing demand for filters in China, India, and Japan is projected to boost growth over the coming years. The demand for filters in the automotive sector is expected to fuel the growth in this region.
North America and Europe follow the suite owing to government regulations to follow standard procedures for waste water treatment is expected to fuel the market over the forecast period. Moreover, implementation of various norms on safe drinking water by the EPA and European Environment Agency (EEA) is expected to fuel the demand for liquid filtration over the forecast period.
Competitive Landscape
The global liquid filtration market is competitive due to the presence of a large number of national and international players. The domestic players provide filter media at a reasonable price to the mining, chemicals, pharmaceuticals and food processing industries. The major companies which manufacture liquid filters are Clear Edge, Sefar AG, Lenntech B.V., Industri-Textil Job, Freudenberg Group, Industrial Filter Manufacturing Limited, Khosla Profil Pvt Ltd, The Kraissl Company, Shelco Filters and Genesis Filtration Inc.
