Dublin, May 31, 2023 (GLOBE NEWSWIRE) -- The "Refinery and Petrochemical Filtration Market by Filter Type (Coalescer Filter (Liquid-liquid Coalescer, Liquid-gas Coalescer), Cartridge Filter (Pleated Cartridge, High Flow Cartridge), Application, End User & Region - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The global refinery and petrochemical filtration market is estimated to grow from USD 4.6 Billion in 2023 to USD 6.1 Billion by 2028; it is expected to record a CAGR of 6.0% during the forecast period. Increasing energy demand leads to an increase in downstream investment which drives the refinery and petrochemical filtration market.
Filter press: The second-fastest segment of the refinery and petrochemical filtration market, by filter type
Based on filter type, the refinery and petrochemical filtration market has been split into six types: coalescer filter, cartridge filter, electrostatic precipitator, filter press, bag filter, and others. The adoption of filter press is growing in the refinery and petrochemical industry due to their high efficiency in removing solids and impurities from liquids.
Filter presses use a combination of pressure and filter media to separate solids from liquids, making them highly effective in applications such as dewatering, clarification, and sludge handling. They can also handle large volumes of liquids, making them suitable for use in the high-volume processing required in the refinery and petrochemical industry.
Liquid-Liquid segment is expected to emerge as the second-largest segment based on application
Based on application, the refinery and petrochemical filtration market has been segmented into liquid-liquid separation, liquid-gas separation, and others. The liquid-liquid separation segment is expected to be the second-largest segment owing to its requirement in the downstream oil and gas sector. This is used for the removal of water from gasoline, diesel, kerosene, and jet fuel, protection of catalysts and adsorbents from water contamination, removal of carried-over caustic from caustic treating processes, removal of carried-over amine from liquified petroleum gas (LPG), removal of hydrocarbons from amine, and protection of salt driers and clay towers.
Petrochemical Industry is expected to emerge as the fastest segment based on end user
By end user, the refinery and petrochemical filtration market has been segmented into refineries and petrochemical industry. Increasing infrastructure investments in the petrochemical industry are anticipated to drive the demand for petrochemical filtration. The rising investment in petrochemical plants is driven by increasing demand for products such as plastics, synthetic fibers, fertilizers, and chemicals as economies develop and populations grow. Petrochemical plant operators use bag filters, cartridge filters, membrane filters, and coalescers to remove impurities, contaminants, and particles from feedstocks and final products.
Asia Pacific is expected to be the second-largest region in the refinery and petrochemical filtration market
Asia Pacific is expected to be the second-largest region in the refinery and petrochemical filtration market between 2023-2028, preceded by North America. The downstream sector is growing in the region due to the increasing demand for petrochemical products, which has prompted the expansion of the downstream sector to meet the growing demand. Moreover, countries in this region have strategic locations for refineries, which enable them to access crude oil supplies from the Middle East and other regions. Additionally, the governments of these countries have implemented policies and incentives to attract foreign investments in the downstream sector. These are the key factors fostering the growth of the refinery and petrochemical filtration market in the Asia Pacific
Market Dynamics
Drivers
- Implementation of Government Mandates and Policies for Environmental Protection
- Increasing Expenditure on Refinery and Petrochemical Infrastructure Development
Restraints
- Availability of Low-Cost and Inferior-Quality Filtration Products
- Increasing Focus on Use of Renewable Energy
Opportunities
- Rising Shale Development Activities to Enhance Shale Refining Potential
- Expanding Transportation Sector
Challenges
- Supply Chain Constraints
- Frequent Replacement and Disposal of Filters
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 217 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $4.6 Billion |
| Forecasted Market Value (USD) by 2028 | $6.1 Billion |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Global |
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Refinery and Petrochemical Filtration Market, by Filter Type
6.1 Introduction
6.2 Coalescer Filter
6.2.1 Highly Effective at Separating Liquids from Liquids and Gases
6.2.1.1 Liquid-Liquid Coalescer
6.2.1.1.1 Cost-Effective Solution for Separating Liquids from Liquids
6.2.1.2 Liquid-Gas Coalescer
6.2.1.2.1 Helps Enhance Quality of End Products
6.3 Cartridge Filter
6.3.1 Offers High Versatility and Requires Less Maintenance
6.3.1.1 Pleated Cartridge Filter
6.3.1.1.1 Features High Surface Area
6.3.1.2 Depth Cartridge Filter
6.3.1.2.1 Long Service Life and Effectiveness Against Different Contaminants
6.3.1.3 High Flow Cartridge Filter
6.3.1.3.1 Used in High Flow Processes
6.4 Electrostatic Precipitator
6.4.1 Highly Efficient in Removing Particulate Matter and Pollutants from Exhaust Gases
6.5 Filter Press
6.5.1 Used to Remove Solids and Impurities from Liquids in Dewatering, Clarification, and Sludge Handling Applications
6.6 Bag Filter
6.6.1 Exhibits High Dirt-Holding Capacity and Long Service Life
6.7 Others
7 Refinery and Petrochemical Filtration Market, by Application
7.1 Introduction
7.2 Liquid-Liquid Separation
7.2.1 Need to Prevent Component Failures Attributed to the Presence of Water-In-Crude Oil Emulsions
7.3 Liquid-Gas Separation
7.3.1 Need to Ensure Component Protection
7.4 Others
8 Refinery and Petrochemical Filtration Market, by End-user
8.1 Introduction
8.2 Refineries
8.2.1 Rising Investments in Refineries Attributed to Growing Global Demand and Increasing Crude Oil Prices
8.3 Petrochemical Industry
8.3.1 Need to Ensure Component Protection
9 Refinery and Petrochemical Filtration Market, by Region
10 Competitive Landscape
11 Company Profiles
12 Appendix
Companies Mentioned
- 3M
- Amazon Filters Ltd.
- Brother Filtration
- Camfil Ab
- Compositech Products Manufacturing, Inc.
- Eaton
- Filson Filter
- Filtcare Technology Pvt. Ltd.
- Filtration Group
- Filtration Technology Corporation
- Huading Separator
- Kel India Filters
- Lenntech B.V.
- Norman Filter Company
- Pall Corporation
- Parker Hannifin Corp.
- Pentair Filtration Solutions, LLC
- Porvair Filtration Group
- Sungov Engineering
- W.L. Gore & Associates, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/u4zqyb
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