The industrial filtration market offers solutions for removing solid and liquid contaminants from industrial processes and equipment across various end-use industries. Filtration finds applications in manufacturing industries such as food & beverage, chemicals, mining, metals & power among others for protecting equipment and meeting stringent emission regulations. Advances in membrane technology, need for clean processes and legislations around the globe are fueling demand for industrial filters.
Global Industrial Filtration Market is estimated to be valued at US$ 39.1 Bn in 2024 and is expected to exhibit a CAGR of 3.7% over the forecast period 2024 to 2031.
Industrial filtration market share encompasses sophisticated systems consisting of a variety of filter media, housings, and ancillary components customized for each industry's requirements. Filtration improves equipment life, product quality, and occupational health. In some industries, it is also crucial for meeting emission norms and environmental compliance.
Key Takeaways
Key players operating in the Industrial Filtration market are Pall Corporation, Mott Corporation, Ahlstrom-Munksjö, Lydall Inc., and Donaldson Company.
The growing demand from process and manufacturing industries is one of the key factors driving the industrial filtration market. Strict emission regulations across regions have necessitated installation of advanced filtration systems. Also, demand for dust control and removal of impurities from industrial gases and liquids is surging.
Major players are focusing on geographic expansion into emerging nations to tap increasing filtration requirement from evolving industries. Pall Corporation acquired Zefon International to strengthen its presence in Brazil, Argentina and other Latin American countries.
AhlstromMunksjö opened a new nonwoven plant in Costa Rica to cater to the local market.
Market Key Trends
Stringent emission norms are one of the major trends shaping the industrial filtration market. Regulatory bodies worldwide have implemented emission limits on particulate matter, VOCs and other pollutants released from industrial facilities. This is prompting manufacturers to adopt sophisticated air and liquid filtration systems capable of deep purification.
Another key trend is the rising adoption of membrane filtration technology. It offers superior purification compared to conventional techniques and finds increasing use in biopharma, food processing and water treatment applications. Major players have strengthened their portfolio of membrane filtration products focused on niche requirements of various industries. Porter's Analysis
Threat of new entrants: High capital investment and stringent regulatory environment acts as a barrier for new companies to enter the market.
Bargaining power of buyers: Large industrial consumers have significant bargaining power due to the competitively-priced nature of filtration products.
Bargaining power of suppliers: The presence of a large number of raw material suppliers limits their individual bargaining power over manufacturing companies.
Threat of new substitutes: Industrial filtration market challenges and opportunities include no major substitute products currently available in the filtration industry however, new technologies may pose a potential threat in the future.
Competitive rivalry: The market is highly consolidated and global players compete intensely based on product quality, reliability and service offerings.
Geographical Regions
North America currently accounts for the largest share of the global industrial filtration market, both in terms of value and volume. Stringent regulations regarding industrial air and liquid pollution have propelled demand for filtration products across industries.
Asia Pacific is poised to be the fastest growing regional market during the forecast period, driven by expanding manufacturing sector and growing industrialization in major economies like China and India. Rapid industrialization accompanied by rising environmental standards will escalate the need for effective filtration systems across various end-use industries.
About Author:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
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