Global liquid
filtration market is projected to grow from $ 1.9 billion in 2018 to $ 2.5 billion
by 2024, exhibiting a CAGR of 6.0% during 2019-2024. Liquid filtration
separates solid from a liquid by passing the polluted liquid through a filter
media that retains the solid and allows the clean liquid to pass through.
Growing urbanization and industrialization along with stringent regulations about
emissions and treatment of municipal and industrial waste are the major factors
expected to fuel the market during forecast period. However, increasing demand
for renewable energy sources is anticipated to hinder market growth.
The market
for liquid filtration has been segmented into fabric material, filter media,
end user and region. Based on fabric material, the polymer segment is anticipated
to lead global liquid filtration market during the forecast period, as excellent
properties, like high chemical and thermal resistance, high tenacity and low
water absorption make polymers an ideal choice for the manufacturing of filter
media. Based on filter media, the woven segment is expected to account for the
largest share in global liquid filtration market, owing to increasing demand
for both monofilament and multifilament fabrics in the industrial filtration
applications. Monofilament fabrics offer several advantages such as high flow
rate, more open area, reduced product contamination and reduced interstices,
which enable longer lifespan and efficient operation for solid removal.
Based on end user,
the market has been segmented into municipal, food & beverages, mining and
others. Among the end user sub-segments, the industrial segment is anticipated
to dominate the market for liquid filtration during the forecast period. Notably,
the industrial sub-segments such as food & beverages, chemical, mining and
pharmaceutical are the major end users of liquid filtration. In the coming
years, food & beverages segment is anticipated to grow at the fastest rate,
on account of rapidly increasing population and urbanization coupled with
changing lifestyle. The rising demand for ready-to-eat, semi-processed and processed
food is resulting in growth opportunities for the food & beverages
industry, which, in turn, is fueling global liquid filtration market.
Asia-Pacific is the
fastest growing market for liquid filtration, globally. The growth is predominantly
driven by huge demand from municipal, mining, chemical, pharmaceutical and food
& beverage end users. Moreover, demand for liquid filtration is high in emerging
economies, such as India, China and Indonesia. Rising urbanization and
industrialization is increasing demand for potable water, which, in turn, is
boosting the region’s liquid filtration market.
Some of
the leading companies operating in global liquid filtration market are Valmet
Corporation, Clear Edge Filtration Group, Eaton Corporation, Lydall Inc., Sefar
AG, Sandler AG, GKD- Gebr. Kufferath AG, Freudenberg Filtration Technologies,
Fibertex Nonwoven, American Fabric Filter, among others.
Years considered for this report:
Historical
Years: 2014-2017
Base Year:
2018
Estimated
Year: 2019
Forecast Period:
2020-2024
Objective of the Study:
- To analyze and
forecast the market size of liquid filtration market.
- To forecast global liquid
filtration market based on fabric material, filter media, end user and
regional distribution.
- To identify drivers
and challenges for global liquid filtration market.
- To examine competitive
developments such as expansions, new product launches, mergers &
acquisitions, etc., in global liquid filtration market.
- To conduct the pricing
analysis for global liquid filtration market.
- To identify and analyze
the profile of leading players involved in the manufacturing of liquid
filtration.
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Some of
the leading players in global liquid filtration market are Valmet
Corporation, Clear Edge Filtration Group, Eaton Corporation, Lydall Inc., Sefar
AG, Sandler AG, GKD- Gebr. Kufferath AG, Freudenberg Filtration Technologies,
Fibertex Nonwoven, American Fabric Filter, among others.
TechSci
Research performed both primary as well as exhaustive secondary research for
this study. Initially, TechSci Research sourced a list of leading manufacturers
across the globe. Subsequently, TechSci Research conducted primary research
surveys with the identified companies. While interviewing, the respondents were
also enquired about their competitors. Through this technique, TechSci Research
could include the manufacturers which could not be identified due to the
limitations of secondary research. TechSci Research analyzed the product offerings,
distribution channels and presence of all major players operating in global liquid
filtration market.
TechSci Research
calculated global liquid filtration market size by using a top-down approach, wherein
data for various end-user segments was recorded and forecast for the future
years was made. TechSci Research sourced these values from the industry experts
and company representatives and externally validated through analyzing
historical data of these product types and applications for getting an
appropriate, overall market size. Various secondary sources such as company
websites, news articles, press releases, company annual reports, investor
presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Liquid
Filtration manufacturers and suppliers
- Government
and other regulatory bodies
- Research
institutes and organizations
- Market
research and consulting firms
The study is
useful in providing answers to several critical questions that are important
for the industry stakeholders such as manufacturers and partners, end users,
etc., besides allowing them in strategizing investments and capitalizing on
market opportunities.
Report Scope:
In this
report, global liquid filtration market has been segmented into following
categories, in addition to the industry trends which have also been detailed
below:
- Market, by Fabric Material:
- Polymer
- Cotton
- Aramid
- Others
- Market, by Filter Media:
- Market, by End User:
- Municipal
- Food &
Beverages
- Mining
- Others
- Market, by Region:
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Europe
- France
- Germany
- United Kingdom
- Italy
- Russia
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- Jordon
- UAE
Competitive Landscape
Company Profiles: Detailed
analysis of the major companies present in global liquid filtration market.
Available Customizations:
With the given
market data, TechSci Research offers customizations according to a company’s
specific needs. The following customization options are available for the
report:
Company
Information
- Detailed
analysis and profiling of additional market players (up to five).
Profit Margin Analysis
- Profit
margin analysis in case of direct and indirect sales channel.
In case you
don’t find what you are looking for, please get in touch with our custom
research team at sales@techsciresearch.com
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at sales@techsciresearch.com