The value of the global liquid filtration market is anticipated to reach US$ 2.7 billion in 2023, according to Future Market Insights (FMI). Global demand for this market is expected to increase at a 7.9% CAGR between 2023 and 2033. The total market value is anticipated to reach US$ 5.8 billion by the end of 2033.
Because of its superior qualities, non-woven filter media is predicted to continue to be in great demand. The nonwoven market is predicted to grow at a 7.1% CAGR from 2023 to 2033, according to the most recent data.
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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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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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified 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 favor 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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