In 2022, the global liquid filtration market achieved sales revenue of USD 2.5 billion. Projections indicate a robust increase in demand, with a compound annual growth rate (CAGR) of 7.9% expected from 2023 to 2033. The latest analysis forecasts substantial market expansion, with the global liquid filtration market size anticipated to grow from USD 2.7 billion in 2023 to USD 5.8 billion by 2033.
Polymer is poised to maintain its position as the predominant fabric material used in liquid filtration worldwide. The target segment is projected to experience a steady CAGR of 7.4% from 2023 to 2033, reflecting sustained demand and technological advancements in the sector.
Liquid filtration is a fundamental process designed to separate solid particles and contaminants from a fluid stream. It involves the passage of fluid through a permeable filter medium, commonly referred to as a liquid filter.
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Throughout the liquid filtration process, the porous material of the filter effectively captures and retains solid particles, allowing the fluid to pass through unhindered. This straightforward yet efficient method plays a crucial role in various industries, ensuring the purity and cleanliness of liquids used in diverse applications.
Growth Factors
The escalating need for liquid filtration solutions across a spectrum of industries including food & beverages, mining, and oil & gas is poised to drive market growth.
Rising apprehensions regarding water scarcity stemming from dwindling freshwater reservoirs are anticipated to spur significant demand for liquid filtration technologies.
The imposition of stringent regulations governing the treatment of municipal and industrial waste is expected to catalyze market expansion.
The increasing emphasis on wastewater management is projected to propel the demand for liquid filtration equipment on a global scale.
The integration of cutting-edge technologies like IoT and AI is set to play a pivotal role in facilitating market expansion and meeting evolving filtration requirements.
Latest Developments
In September 2022, Alkegen unveiled its latest innovation, LyPore MB, a groundbreaking range of meltdown liquid filtration media meticulously crafted to fulfill the most demanding application requirements. Engineered to deliver exceptional filtration efficiency, remarkable dirt holding capacity, and minimal pressure drop, this new line sets a new standard in liquid filtration technology.
Similarly, in September 2021, Clear Edge, a renowned leader in industrial filtration products and filter media, introduced Lotus Range, a revolutionary line of filter media tailored specifically for the mining & minerals sector. This innovative solution is designed to optimize filtration performance and enhance operational efficiency in demanding mining applications.
Additionally, in November 2022, LiqTech International Inc., a prominent manufacturer of specialized filtration products and systems, unveiled its cutting-edge Aqua Solution membrane. Leveraging silicone carbide membrane technology, this advanced membrane offers unparalleled filtration performance and durability, catering to the evolving needs of various industries for superior liquid filtration solutions.
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Key Companies
- 3M Company
- Ahlstrom-Munksjo
- American Fabric Filter
- Autotech Nonwovens
- Berry Global, Inc
- Clear Edge
- Donaldson Filtration Solutions
- Eagle Nonwovens Inc.
- Fibertex Nonwovens
- Freudenberg Filtration Technologies
