New York, NY, May 03, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Industrial Filters Market by Type (Air Filter Media and Liquid Filter Media) and by End-Use Industry (Food & Beverage, Metal & Mining, Chemical, Pharmaceutical, Power Generation, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global industrial filters market was valued at USD 2.59 billion in 2018 and is expected to reach USD 3.92 billion by 2025, at a CAGR of 6.1% between 2019 and 2025.
Industrial filters are used for cleaning and treating industrial oils, lubricants, gases, and water. Industrial filters are employed in a wide range of different fields, such as power plants, paper manufacturing facilities, and automotive production.
Browse through 37 Tables & 24 Figures spread over 110 Pages and in-depth TOC on “Global Industrial Filters Market Size & Share 2018 Report: Industry Type, Demand, Growth, Segments, Analysis and Forecast to 2025”.
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The global industrial filters market is projected to show rapid growth in the years ahead, owing to growing industrialization and urbanization across the globe. The increasing demand for industrial filters in the manufacturing sectors is anticipated to further boost the industrial filters market growth. Additionally, the rising applications of industrial filters in power generation and food and beverages industries are also likely to propel the industrial filters market globally in the future. However, the fluctuating prices of raw materials may hinder the industrial filters market growth in the future. Alternatively, the growing demand for renewable energy sources is estimated to offer lucrative growth opportunities for the global industrial filters market.
The global industrial filters market is divided based on type and end-use industry. The type segment of the industrial filters market is categorized into liquid filter media (woven fabrics and mesh) and air filter media (nonwoven fabrics, fiberglass, activated carbon, filter, paper, metal, and others). The liquid filter media segment is projected to contribute a significant share to the global industrial filters market in the future, owing to the high demand for solid-liquid separation in several end-use industries. The air filter media segment is expected to contribute a significant share to the global market. Based on end-use industry, the industrial filters market includes chemical, food and beverage, metal and mining, power generation, pharmaceutical, and others. The food and beverage segment is anticipated to show the highest growth rate in the years ahead.
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In 2018, the Asia Pacific region dominated the global industrial filters market, due to the growing urbanization and the increasing regional population. Moreover, the rising applications of industrial filters in the chemical and metal and mining industries are likely to enhance this regional market’s growth in the future. The stringent regulations pertaining to emission and treatment of industrial waste and the rapidly growing manufacturing sectors in India, China, and Japan are expected to propel the industrial filters market growth. Additionally, the increasing requirement for a safe working environment in industrial facilities is also predicted to boost the application of industrial filters in this region.
North America is projected to hold a significant share of the global industrial filters market in the years ahead, owing to the region’s flourishing food and beverage due to the rising demand for convenience food, ready-to-eat food, and semi-processed and processed food.
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The European industrial filters market was the second largest region globally in 2018, due to the rising applications of industrial filters in the pharmaceutical industry and the increasing number of power plants across the region.
In Latin America, the demand for industrial filters is expected to grow substantially due to rapid industrialization and urbanization. Moreover, the increasing demand for industrial filters in the refining industry is projected to fuel this regional market’s growth. The growing application of industrial filters in various industries like food and beverages, chemical, and mining is likely to further propel this regional industrial filters market in the upcoming years. The Middle Eastern and African industrial filters market is expected to grow moderately in the future due to the increasing demand for industrial filters in the oil and gas industry and several manufacturing industries.
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Some companies involved in the global industrial filters market are 3M, Lydall Inc., Fibertex Nonwoven, Clear Edge Filtration Group, Valmet Corporation, Nordic Air Filtration, Freudenberg Filtration Technologies, Sefar AG, Sandler AG, and Ahlstrom-Munksjo.
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This report segments the global industrial filters market into:
Global Industrial Filters market: Type Analysis
- Liquid Filter Media
- Woven Fabrics
- Mesh
- Air Filter Media
- Nonwoven Fabrics
- Fiberglass
- Activated Carbon
- Filter Paper
- Metal
- Others
Global Industrial Filters market: End-Use Industry Analysis
- Food and Beverage
- Metal and Mining
- Chemical
- Pharmaceutical
- Power Generation
- Others
Global Industrial Filters market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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