NEWARK, Del, June 14, 2023 (GLOBE NEWSWIRE) -- According to Future Market Insights (FMI), the global liquid filtration market value is estimated to reach US$ 2.7 billion in 2023. Between 2023 and 2033, global demand for this market is anticipated to rise at 7.9% CAGR. Total market value at the end of 2033 is projected to reach US$ 5.8 billion.
Demand is expected to remain high for non-woven filter media owing to its excellent properties. As per the latest report, the nonwoven segment is set to expand at 7.1% CAGR from 2023 to 2033.
Increasing concerns about water scarcity are a key factor driving the global liquid filtration industry. Similarly, the implementation of stringent government regulations aimed at encouraging the treatment of industrial and municipal waste will elevate its demand.
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Liquid filtration has become an ideal method of separating solids from a liquid or fuel stream. It uses filters for separating solid and liquid particles. This technique is gaining wider popularity due to its simple, easy, and cost-effective features.
Growing usage of liquid filtration across various sectors including chemical, petroleum, wastewater treatment, etc. is expected to boost the global market.
Governments worldwide are taking various measures to stop the discharge of industrial and household wastewater into the environment. New regulations are being put into force to encourage the adoption of liquid filtration and water treatment technologies. This will fuel sales in the market.
Key Takeaways:
- The global liquid filtration industry size is expected to reach US$ 5.8 billion by 2033.
- Based on fabric material, the polymer segment is forecast to progress at a CAGR of 7.4% through 2033.
- By filter media, the nonwoven segment is poised to exhibit a 7.1% CAGR during the assessment period.
- The United States liquid filtration industry is projected to surpass a valuation of US$ 1.0 billion by 2033.
- Liquid filtration demand in Japan is anticipated to increase at 7.8% CAGR through 2033.
- China's liquid filtration industry is forecast to reach a valuation of US$ 1.2 billion by 2033.
“Implementation of stringent regulations for encouraging the adoption of water treatment technologies across the industrial sector will boost the global liquid filtration market. To maximize their sales and boost revenues, key companies are introducing new liquid filters with enhanced features,” - says a lead analyst at Future Market Insights (FMI).
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Who is Winning?
3M Company, Clear Edge, American Fabric Filter, Ahlstrom-Munksjo, Autotech Nonwovens, Berry Global, Inc, Eagle Nonwovens Inc., Donaldson Filtration Solutions, Fibertex Nonwovens, and Freudenberg Filtration Technologies are a few of the key companies profiled in the report.
These key companies are investing in research and development activities for developing novel filtration solutions. They are also forming alliances, collaborations, and partnerships as well as employing merger & acquisition strategies to strengthen their market positions.
Recent developments:
- In 2022, Alkegen announced that it will be launching three new high-efficiency filtration solutions for liquid, air, and molecular applications.
- In 2023, a big order for supplying filter cloth to a leading zinc mining company was received by Clear Edge.
More Insights Available:
Future Market Insights (FMI), in its new offering, presents an unbiased analysis of the liquid filtration industry presenting historical data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study reveals market projections based on fabric material (polymer, cotton, metal), filter media (nonwoven, woven, and mesh), end use (industrial treatment and municipal treatment), and region.
Market Segmentation:
By Fabric Material:
- Polymer
- Cotton
- Metal
By Filter Media:
- Nonwoven
- Woven
- Mesh
By End Use:
- Industrial Treatment
- Municipal Treatment
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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Table of Content (ToC):
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Fabric Material
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Fabric Material, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Fabric Material, 2023 to 2033
5.4. Y-o-Y Growth Trend Analysis By Fabric Material, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Fabric Material, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Filter Media
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Filter Media, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Filter Media, 2023 to 2033
6.4. Y-o-Y Growth Trend Analysis By Filter Media, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Filter Media, 2023 to 2033
Complete TOC: https://www.futuremarketinsights.com/toc/rep-gb-17396
Explore FMI’s Extensive Coverage in Industrial Automation Domain:
Industrial Air Filtration Market Demand: The industrial air filtration market is capturing a valuation of US$ 32.2 billion in 2023 and is predicted to reach US$ 56.1 billion by 2033. The market is registering a CAGR of 5.7% during the forecast period.
Industrial Filtration Market Growth: The global industrial filtration market is expected to secure US$ 56,834.1 Million in 2032 while expanding at a CAGR of 5.7%. The market is likely to hold a value of US$ 32,789 Million in 2022. From 2016-2021, the market displayed a growth rate of 4.1%.
Compressed Air Filtration and Dryer System Market Analysis: The compressed air filtration and dryer system market is expected to expand its roots at an average CAGR of 5.7% during the forecast period. The market is likely to hold a revenue of US$ 5.69 billion in 2023 while it is anticipated to surpass US$ 9.91 billion by 2033.
Single-use Filtration Assemblies Market Size: The global single-use filtration market is set to reach US$ 3.53 billion in 2023. By 2033, the market valuation is forecast to cross US$ 19.28 billion, with a CAGR of 18.5%.
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Compressors and Vacuum Pumps Market Sales: The global compressors and vacuum pumps market is anticipated at US$ 57.8 billion in 2033, recording a CAGR of 4.4% from 2023 to 2033. The market is likely to secure US$ 37.6 billion in 2023.
Wire Compounds and Cable Compounds Market Value: The wire compounds and cable compounds market size is projected to be worth US$ 13.9 billion in 2023. The revenue from sales of wire compounds and cable compounds is anticipated to reach US$ 28 billion by 2033, at a CAGR of 7.2% during the forecast period.
Centrifugal Pumps Market Review: The centrifugal pumps market is estimated to be valued at US$ 33 billion in 2023 and is expected to reach US$ 60 billion by 2033. The adoption of centrifugal pumps is likely to advance at a CAGR of 6.2% during the forecast period.
Printed Circuit Boards (PCB) Market Revenue: The global printed circuit boards market is anticipated at US$ 104.8 billion in 2033, recording a CAGR of 5.1% from 2023 to 2033. The market is likely to secure US$63.5 billion in 2023.
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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