Industrial Filtration Market: Current Analysis and Forecast (2021-2027)
Increasing industrialization owing to growing demand from end user is one of the biggest factor for the CO2 emission. In addition, growing power demand increased the coal consumption resulted in the emission of large amount of CO2. Globally, China by far the largest CO2 emitter owing to its large manufacturing sector and less stringent environment regulations relative to western economies. CO2 released causes air pollution resulting in air bone diseases. According to World Health Organization (WHO), in 2019, 99% of the world population was living in places where the WHO air quality guidelines levels were not met. Further, to create a healthy living environment air purifiers are needed to purify the polluted air. However, high installation cost can hamper the demand of air purifiers. Moreover, governments are heavily investing in air purifiers to improve the air quality index and reduce respiratory diseases caused by air pollution.
Industrial filters are used for cleaning and treating industrial oils, lubricants, gases, and water. These filters are employed in a wide range of fields, such as power plants, paper industry, and automotive manufacturing. The growth of the market is attributed to the increasing requirement of a safe working environment in industrial facilities. Furthermore, rapid industrialization and urbanization along with the implementation of stringent regulations pertaining to emission and treatment of industrial waste is further supporting market growth.
Based on type, the Industrial Filtration market is segmented air and liquid filtration. Among these, liquid filtration type category to account for majority share in 2020 owing to the strict regulations governing the treatment of industrial and municipal wastes, globally. Moreover, the growing industrialization and urbanization in various parts of the world is also driving the market. Furthermore, liquid filtration is further categorized into different technology which includes Mechanical, Electronic, and Gas-phase.
In addition, major players in the market are continuously working towards introducing new filters offering advance filtration capabilities mainly to competitive advantage over their rivals. For instance, in 2019, Eaton Corporation PLC launched LOFTREX Nylon 6.6 melt-blown filter cartridges, mainly for specialty chemical manufacturers of liquid resins, additives, solvent and aqueous based paints, lacquers, emulsions, waxes or other high temperature fluids who expect quality, a clear and pure product with consistency and not grit, discoloration or contaminant.
The Industrial Filtration market is classified into metal, activated carbon/charcoal, fiberglass, filter paper, non-woven fabric, and others; on the basis of filter media. Among these, non-woven material is expected to witness highest CAGR during the forecast period. These are designed to remove ultrafine dust, aerosols, and viable organisms to meet highest requirements to the cleanliness of air in a wide range of applications, such as clean rooms, hospital operating theatres, microelectronics, optical and precision industries, and the pharmaceutical and food industries. Furthermore, an increase in product use for geotextiles is expected to have a positive impact on the industry. Nonwoven filter media are preferred over paper, cloth, or other filtration media because of their cost-effectiveness, easy handling, durability, efficiency, ability to withstand high temperature, and adoption of the customized product as per requirements and functions. In addition, several regulations have been enforced to produce and use nonwoven filter media in various application industries. Thus, further supporting the category's growth.
On the basis of product, the market has been bifurcated into filter press, bag filter, drum filter, depth filter, cartridge filter, HEPA, ULPA, electrostatic precipitator, and others. During the forecast period, ULPA filters to witness strong growth in the global industrial filtration market. The ULPA standard requires removal of 99.9995% of particles down to 1.2 micrometers. ULPA filter can remove a wide variety of particles from the air. For example, it can completely remove - dust, bacteria, pigments, pollen, metallurgical dust/fumes, ground talc as well as (to a large extent, not 100%) oil smoke, tobacco smoke, rosin smoke, smog, insecticide dust. It can also remove carbon black to some extent.\
In addition, HEPA filter market is also expected to witness significant growth during the forecast period. The growth of the market is attributed to rapid industrialization and emission of toxic gases with deteriorating air quality.
For a better understanding of the market adoption of Industrial Filtrations, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, Rest of APAC), and Rest of World. APAC to witness fastest growth during the forecast period mainly due to the rising adoption of industrial filters in countries such as China, Japan, India, and others countries is set to drive the industrial filtration industry as they have more number of industries, especially in China as it is the manufacturing hub for various industries. Additionally various government initiatives have been pushing the industrial centrifugal filtration systems industry. For instance, in Indian Government has taken some initiatives such as green skill development program to curb the pollution from industries which set to drive the industrial filtration systems. Moreover, rise in economic standards along with flourishing end-use industries in the developing countries of the region is further expected to promote the industry growth in APAC.
Global Industrial Filtration market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.