Industrial Filtration Market Overview, Growth, Trends, Analysis, Research Report (2021-2031)

The industrial filtration market size is projected to reach US$ 59.54 billion by 2031 from US$ 34.52 billion in 2023. The market is expected to register a CAGR of 7.1% during 2023–2031. Increasing adoption of advanced filtration techniques such as membrane filtration and nano filtration is likely to remain a key trend in the market.

Industrial Filtration Market Analysis

Over the past few years, the industrial filtration market has witnessed significant growth. Factors such as increasing industrialization and urbanization, rising industrial operations, Growing emphasis on occupational health and safety, and increasing awareness and regulations regarding environmental sustainability are some of the factors driving the industrial filtration market growth. Innovative approaches, processes and materials were providing lucrative growth opportunities for the industrial filtration market.

Industrial Filtration Market Overview

Industrial filtration refers to a process through which industries filter their products from debris and residue as well as other waste products. Industrial filtration focuses on drying waste for safe disposal and refining the end product. Filtration is essential for various industries such as mining, natural gas, liquid waste management, water, food & beverage packaging, renewable power generation and others. Industrial filters are of various types classified based on their mechanical and physical characteristics. Some of these industrial filters are gravity filters, pressure/vacuum filters, leaf filters, rotary drum vacuum filters, and others.

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Industrial Filtration Market: Strategic Insights

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Industrial Filtration Market Drivers and Opportunities

Growing Emphasis On Occupational Health And Safety to Favor Market

In today's dynamic world, the importance of ensuring the well-being of workers is necessary. A secure workplace serves as a cornerstone for a healthy environment and also catalyzes increased productivity and an elevated corporate reputation. Ensuring workplace safety involves implementing various preventive measures, safety policies, and procedures to minimize workplace injuries, accidents, and illnesses. In order to ensure workplace safety, various industries, such as manufacturing, mining, pharmaceuticals and others, were increasingly investing in advanced filtration technologies to safeguard their workforce from harmful particles, chemicals, and fumes.

Innovative Approaches, Processes and Materials

Machine breakdowns are one of the biggest production issues faced by manufacturers. Contaminants such as dust, welding slag, oil mist, rubber particles from hoses and seals, sand from castings, and metal debris from machined components are the major reasons behind machine breakdowns. The repair costs and downtime are both expensive. As consumers have become increasingly aware of the negative impact of contaminants, there is an increased demand for improved processes and products that will help reduce downtime, increase lubricant life, and lower costs. In such a scenario, organizations are increasingly implementing progress in filtration in three areas: longer-lasting filter designs, higher-performance materials, and automated filter monitoring (the Internet of Things) to address these issues.

Industrial Filtration Market Report Segmentation Analysis

Key segments that contributed to the derivation of the industrial filtration market analysis are type, filter media, and industry.

• Based on type, the industrial filtration market is divided into air and liquid. The air segment held a larger market share in 2023.
• By filter media, the market is segmented into fiber glass, filter paper, metal, and non-woven fabric. The non-woven fabric segment held the largest market share in 2023.
• In terms of industry, the market is segmented into food and beverage, metal and mining, chemical, pharmaceutical, power generation, and others. The food and beverage segment is expected to grow with the highest CAGR over the forecast period.

Industrial Filtration Market Share Analysis by Geography

The geographic scope of the industrial filtration market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

The European region in the industrial filtration market is poised to experience significant growth in the foreseeable future. Europe has been at the forefront of implementing strict environmental regulations and standards to reduce the impact of industrial emissions. These regulations emphasize using non-toxic materials, modification of manufacturing methods, and conservation techniques. As a result, European industries are increasingly adopting industrial filtration systems to comply with these regulations and reduce pollution, thereby driving the regional industrial filtration market.

Industrial Filtration Market Regional Insights

The regional trends and factors influencing the Industrial Filtration Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Industrial Filtration Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Industrial Filtration Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Industrial Filtration Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Industrial Filtration Market are:

1. Industrial Filtration, Inc.
2. Alfa Laval AB
3. Eaton Corporation Plc
4. 3M Company
5. Clarcor Inc.
6. Cummins Filtration

Disclaimer: The companies listed above are not ranked in any particular order.

Industrial Filtration Market News and Recent Developments

The industrial filtration market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the industrial filtration market are listed below:

• Pall Corporation, a renowned global leader in the industrial filtration market, separation, and purification technology, is set to showcase its next-generation filtration and purification technology at SEMICON West. This strategic move aligns with the increasing demand for advanced chips with enhanced performance and energy efficiency, driven by the growing adoption of 5G, AI, and IoT devices. (Source: Pall Corporation, Press Release, July 2023)

• MANN+HUMMEL Group, a global leader in filtration solutions, has recently acquired a majority stake in Suzhou U-Air Environmental Technology. This strategic move is driven by the increasing global demand for cleaner air solutions and aims to strengthen MANN+HUMMEL's presence in the Chinese and Southeast Asian air filtration market. The acquisition of Suzhou U-Air Environmental Technology allows MANN+HUMMEL to expand its product portfolio and meet the region's rising demand for air filtration solutions. (Source: MANN+HUMMEL Group, Press Release, October 2023)

Industrial Filtration Market Report Coverage and Deliverables

The “Industrial Filtration Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Industrial filtration market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Industrial filtration market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Industrial filtration market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the industrial filtration market
• Detailed company profiles