Global Industrial Filtration Market Insights Forecasts to 2033

• The Global Industrial Filtration Market Size was Valued at USD 35.2 Billion in 2023
• The Market Size is Growing at a CAGR of 4.79% from 2023 to 2033
• The Worldwide Industrial Filtration Market Size is Expected to Reach USD 56.2 Billion by 2033
• Asia-Pacific is expected to Grow the fastest during the forecast period.

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The Global Industrial Filtration Market Size is Anticipated to Exceed USD 56.2 Billion by 2033, Growing at a CAGR of 4.79% from 2023 to 2033.

 

Market Overview

Industrial filtration is the system through which industries separate their products from the debris and residue from the means of production, as well as other waste products. The main focus of filtration is the refined end product and the effective removal and drying of waste for safe disposal. Some examples of industrial filtration are gravity filters, pressure/vacuum filters, leaf filters, and rotary drum vacuum filters. The most common uses for filtration include the protection of equipment from ingesting harmful contaminants, purification of air and gas streams, protection of personnel and the work environment, and separation & isolation of desirable products from the air stream. Product integrity and safety in manufacturing environments as well as protection of process equipment and maximizing uptime and performance are achieved through the application of industrial filtration. Revolutionary developments of filtration in the pharmaceutical industry have increased human life expectancy while providing a productive and healthy lifestyle. Diagnostic and medical research industries have increasingly used filtration technologies such as microfiltration and ultrafiltration instead of chemical techniques to keep products safe and pure.

 

Report Coverage

This research report categorizes the market for the global industrial filtration market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global industrial filtration market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global industrial filtration market.

 

Driving Factors

The increasing investment in advanced solutions of industrial filtration for reducing emissions, minimizing waste, and ensuring compliance are contributing to drive the global industrial filtration market. The rising use of filtration technologies such as microfiltration and ultrafiltration in the healthcare industry is propelling the market demand for industrial filtration. Further, the integration of digitalization and IoT technologies provides real-time monitoring, and predictive maintenance that leads to improved efficiency and cost-effectiveness which is significantly contributing to market growth. The rising industrial operations and development of advanced technology solutions contribute to market growth of industrial filtration.

 

Restraining Factors

The higher energy consumption for filtration in industry and the growing energy cost impacts market growth for industrial filtration.

 

Market Segmentation

The global industrial filtration market share is classified into type, filter media, and end user industry.

 

• The air & gas filtration segment dominated the market with the largest revenue share through the forecast period.

Based on the type, the global industrial filtration market is categorized into air & gas filtration and liquid filtration. Among these, the air & gas filtration segment dominated the market with the largest revenue share through the forecast period. Air & gas filtration systems are used to remove smaller-size contaminants under dry conditions. The increasing demand for air filtration in the industry owing to compliance with regulations under the Clean Air Act in industries leads to propelling the market demand in the air & gas filtration segment.

 

• The activated carbon media segment is expected to grow at the fastest CAGR rate during the forecast period.

Based on the filter media, the global industrial filtration market is categorized into activated carbon, fiberglass, nonwovens, metals, filterpaper, and combination filters & others. Among these, the activated carbon media segment is expected to grow at the fastest CAGR rate during the forecast period. The activated carbon media has applications in compressed air and gas purification to remove oil vapors, odor, and other hydrocarbons from the air. It is also used to reduce the level of organics and chlorine in feed water. Activated carbon is effective for filtering contaminants as it is more porous than activated charcoal.

 

• The chemicals & petrochemicals segment is expected to hold the largest share of the global industrial filtration market during the forecast period.   

Based on the end user industry, the global industrial filtration market is categorized into food & beverages, chemicals & petrochemicals, power generation, oil & gas, pharmaceuticals, metals & mining, automotive, and others. Among these, the chemicals & petrochemicals segment is expected to hold the largest share of the global industrial filtration market during the forecast period. In the petrochemical industry, contaminants and impurities are removed from feedstocks and final products such as plastics, synthetic fibers, fertilizers, and chemicals. The growing demand for refined petroleum products and petrochemicals and investments in downstream oil and gas production are driving the market demand.

 

Regional Segment Analysis of the Global Industrial Filtration Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is anticipated to hold the largest share of the global industrial filtration market over the predicted timeframe.

 

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North America is projected to hold the largest share of the global industrial filtration market over the forecast period. The rising technological advancements, digitalization, and industrialization in countries like US and Canada are driving the market growth in the region. The adoption of sustainable filtration media, using reusable and recyclable filters made up of materials such as walnut shells, activated carbon, and nonwovens is also driving the market for industrial filtration in the region. Further, the increasing adoption of the usage of digital filters helps in monitoring operational performance and the collection of real-time data. In addition, advancement in the healthcare industry creates demand for sophisticated industrial filtration systems.

 

Asia-Pacific is expected to grow at the fastest CAGR growth of the global industrial filtration market during the forecast period. The use of filtering systems in petrochemical facilities to eliminate pollutants and impurities from feedstocks and finished products such as chemicals, plastics, synthetic fibers, and fertilizers. The growing demand for energy-efficient and high-performing filtration technologies in the region is anticipated to propel the market growth. 

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global industrial filtration market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• Pall Corporation
• Eaton
• Ahlstrom-Munjsko
• 3M
• Parker Hannifin Corp.
• Cummins
• Danaher
• Mott Corporation
• Universal Filtration
• Donaldson Company, Inc.
• Lydall, Inc.
• Markel Corporation
• American Air Filter Company, Inc.
• Alfa Laval Inc.
• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Developments

• In September 2023, Parker Hannifin’s Industrial Gas Filtration division introduced BHA replacement dust cartridges for Donaldson Downflo Evolution (DFE) collectors.

 

• In August 2022, Eaton’s Filtration division showcased filtration solutions for life sciences and industrial processing at ACHEMA 2022. 

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global industrial filtration market based on the below-mentioned segments: 

 

Global Industrial Filtration Market, By Type

• Air & Gas Filtration
• Liquid Filtration

 

Global Industrial Filtration Market, By Filter Media

• Activated Carbon
• Fiberglass
• Nonwovens
• Metals
• Filterpaper
• Combination Filters & Others

 

Global Industrial Filtration Market, By End User Industry

• Food & Beverages
• Chemicals & Petrochemicals
• Power Generation
• Oil & Gas
• Pharmaceuticals
• Metals & Mining
• Automotive
• Others

 

Global Industrial Filtration Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa