What Factors Propelled The Growth Of The Industrial Filters Market In The Past?
The industrial filters market has seen considerable growth due to a variety of factors.
• The market size for industrial filters has witnessed significant growth in the past few years. The market is projected to expand from $3.38 billion in 2024 to $3.56 billion in 2025, boasting a compound annual growth rate (CAGR) of 5.5%. The past growth can be associated with strict environmental laws, swift industrialization, an increased focus on clean energy, emphasis on workplace safety, and the globalization of supply chains.
How Will the Industrial Filters Market?
The Industrial Filters market is expected to maintain its strong growth trajectory in upcoming years.
• The market for industrial filters is predicted to exhibit robust growth in the coming years, reaching a valuation of $4.5 billion by 2029, registering a compound annual growth rate (CAGR) of 6.0%.
This projected increase during the forecast period is due to rising consciousness regarding air and water quality, the advent of industry 4.0 and intelligent manufacturing, emphasis on sustainable procedures, escalating health-related issues, along with economic and industrial expansion in burgeoning markets. The forecast period is also expected to see significant trends like advancements in the field of nanotechnology, the increasing need for air quality monitoring, a swift surge in the biopharmaceutical sector, and an increasing focus on digital transformation and data analytics.
Which Factors Are Boosting Growth In The Industrial Filters Market?
The industrial filter market is predicted to expand due to swift industrialization and urbanization. Industrialization signifies the progression of manufacturing sectors, while urbanization is indicative of the escalation of urban population centers. Industrial filters are employed in the filtration or separation of industrial oils, gases, and lubricants amid operations. The accelerated pace of industrialization and urbanization, coupled with growing populations in developing nations, is boosting the demand for consumer goods. This is subsequently fuelling industrial growth in these countries, and correspondingly, the need for filtration products. For example, the US Census Bureau reported in July 2024 that the value of construction activities elevated from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Similarly, in 2024, the United Nations Population Fund stated that over half the global population is now residing in urban regions, with predictions for an increase to roughly 5 billion by 2030, largely in Africa and Asia. This swift urbanization is expected to catalyze significant social, economic, and environmental shifts. Hence, the rapid pace of urbanization and industrialization are key factors propelling the growth of the industrial filter market.
What Key Areas Define The Segmentation Of The Global Industrial Filters Market?
The industrial filters market covered in this report is segmented –
1) By Type: Liquid Filtration, Air Filtration
2) By Filter Media: Activated Carbon Or Charcoal, Fiber Glass, Filter Paper, Metal, Non-Woven Fabric, Other Filter Media
3) By Industry: Food And Beverage, Chemicals And Petrochemicals, Power Generation, Oil And Gas, Pharmaceuticals, Metal And Mining, Automotive, Other Industry
Subsegments:
1) By Liquid Filtration: Cartridge Filters, Bag Filters, Membrane Filters, Depth Filters, Coalescing Filters
2) By Air Filtration: HEPA Filters (High-Efficiency Particulate Air), ULPA Filters (Ultra-Low Penetration Air), Electrostatic Filters, Activated Carbon Filters, Pre-Filters
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How Are Emerging Trends Reshaping The Dynamics Of The Industrial Filters Market?
Major corporations in the industrial filter market are prioritizing the development of technological advancements such as renewable and sustainable filter media. These innovations aim to improve efficiency and lessen environmental harm associated with industrial operations. Renewable and sustainable filter media refers to filtration materials, which come from renewable sources and are either biodegradable or recyclable. These materials strive to lessen environmental damage while retaining high operational efficacy and performance in a variety of industrial uses. For example, Ahlstrom, a company based in Finland that specializes in fiber-based materials, introduced Ahlstrom ECO in April 2023. This new eco-friendly packaging solution employs lignin-based materials that are renewable, substantially lessening its carbon footprint and dependency on fossil fuels for the production of automotive filters. It also helps in reducing formaldehyde emissions during manufacturing while upholding high durability and performance standards.
Who Are the Key Players In The Industrial Filters Market?
Major companies operating in the industrial filters market include:
• Donaldson Company Inc.
• Parker Hannifin Corporation
• 3M Company
• AAF International
• Camfil AB
• Eaton Corporation
• Clarcor Inc.
• Filtration Group Corporation
• GRAVER Technologies
• HayssenSandiacre
• Air Filters Inc.
• Sullair Corporation
• Industrial Filter & Pump Manufacturing Co.
• Caleffi S.p.A.
• GEA Group AG
• BWF Envirotec GmbH
• Met-Pro Corporation
• K filters
• Filtration Solutions Inc.
• Ahlstrom-Munksjö
• Lydall Inc.
• WAMGROUP S.p.A.
• Saint-Gobain
• Nanjing Kairui Filter Co. Ltd.
• Sefar AG
• Filtra-Systems Company LLC
• Tetra Tech Inc.
• Ametek Inc.
• Huber Technology GmbH
• John Crane Inc.
What Is The Most Dominant Region In The Industrial Filters Market?
Asia-Pacific was the largest region in the industrial filters market share in 2024. The regions covered in the industrial filters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
