Global Liquid Filtration market demand 2024, Forecast To 2033
4 Mar, 2024
The liquid filtration market has demonstrated strong growth, escalating from$3.3 billion in 2023 to$3.53 billion in 2024, with a compound annual growth rate (CAGR) of 6.8%. This growth is attributed to industrial expansion, stringent environmental regulations, concerns regarding water scarcity, adherence to health and safety standards, pharmaceutical manufacturing requirements, and demands within the oil and gas sector. Forecasts suggest continued strong growth, with the market expected to reach$4.66 billion by 2028, exhibiting a compound annual growth rate (CAGR) of 7.2%. Factors driving this growth include increasing awareness of filtration benefits, waste management needs, rising population and urbanization, renewable energy development, industrialization in emerging markets, focus on clean energy, and initiatives promoting the circular economy. Major trends in the forecast period encompass technological advancements, customization and specialization, adoption of IoT and automation, rising demand for membrane filtration, globalization, and an increased focus on energy efficiency.
Global Liquid Filtration Market Key Driver
The rising urbanization and industrialization are expected to propel the growth of the liquid filtration market going forward. Urbanization refers to the growth of the cities and an increase in the population of people that live in cities, whereas industrialization refers to the process, by which an economy is changed to one based on the manufacturing of goods from a primarily agricultural one. Liquid filtration helps by providing better drinking and sewage water facilities to fulfil the need of rising urbanization and industrialization. For this purpose, liquid filtration is used which drives the liquid filtration forward. For instance, in 2021, according to the United Nations Conference on Trade and Development, 56.5% of the world's population resided in urban regions, and it is projected to rise to 68% by 2050. Additionally, in 2022, according to Trading Economics, a US-based site that provides its users with accurate information, following a downwardly corrected 0.1% rise in March, industrial production in the United States climbed by 0.2% annually in April 2023. As a result, the growing urbanization and industrialization are driving the growth of the liquid filtration market. By 2023, the liquid filtration market reached $X billion and is projected to grow to $Y billion by 2028.
Get A Free Sample Of The Global Liquid Filtration Market ReportGlobal Liquid Filtration Market Segments
The global liquid filtration market covered in this report is segmented –
1) By Filter Media: Woven, Nonwoven, Mesh
2) By Fabric Material Type: Cotton, Polymer, Wool, Linen, Glass Fiber, Metals, Rayon, Other Materials
3) By End-User: Municipal Treatment, Industrial Treatment
By Geography: The regions covered in the liquid filtration market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the liquid filtration market in 2023. Asia-Pacific is expected to be the fastest-growing region in the liquid filtration market report during the forecast period. The regions covered in the liquid filtration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Liquid Filtration Industry Players
Clear Edge Filtration Inc., 3M Company, American Fabric Filter Company, Berry Global Inc., Donaldson Company Inc., Eagle Nonwovens Inc., Fibertex Nonwovens A/S, Freudenberg Filtration Technologies GmbH & Co. KG, Gebr. Kufferath AG, Kimberly-Clark Lever Private Limited, Lydall Inc., Sandler AG, Sefar AG, Valmet Technologies Private Limited, Amiad Water Systems Ltd., ANDRITZ Ltd., Boll Filter Corporation, Bwf Tec India Private Limited, The Camfil Group, Parker Hannifin Corporation, Eaton Corporation, ErtelAlsop LLC, Filter Products Company, Filtermist International Ltd., MAHLE GmbH, Graver Technologies LLC, GVS Group Ltd., Hengst SE, Krone Filter Solutions GmbH, LNS Filtration Inc., Filterwerk Mann+Hummel GmbH, Meissner Corp., Merck Co. & KGaA, Pall Corporation, Porvair PLC, Sartorius Stedim Biotech S.A., UFI Filters SpA
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Liquid Filtration Market Overview
Liquid filtration is the process of removal of solid particles, impurities, and contaminants from a fluid stream. The liquid is passed through a semi-permeable membrane that allows only liquids to pass through and blocks all the solid particles and impurities. Liquid filtration is used for separating suspended solids from a fluid medium.
Liquid Filtration Global Market Report 2023 provides data on the global liquid filtration market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The liquid filtration market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.