Industrial Filtration Market Size, Share, Growth, Analysis

[305 Pages Report] The global industrial filtration market is forecast to reach USD 47.1 billion by 2029 from an estimated USD 37.1 billion in 2024, at a CAGR of 4.9% during the forecast period (2024-2029). Changes in concerns evoked by environmental sustainability, which was increasingly becoming an important focus of industries collectively with stringent regulatory requirements to be implemented globally would propel the industry to make investments in the advanced filtration solutions that would quicken emission reduction, wastes minimization, and compliance with set standards. All that, included with the help of the IoT and digitalization which would aid in the constant monitoring, prediction of maintenance, and the overall optimization of the filtration systems would then lead to greater efficiency and cost savings.

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Industrial Filtration Market Dynamics

Driver: Increasing expenditure on refinery and petrochemical infrastructure development

All the same oil refineries and the petrochemical plants are the foundation for almost the entire global energy market. Refiners refine crude oil into products such as gasoline, diesel, jet fuel and other types of petrochemicals that can be useful in a volatile of products starting from plastic to medicine. Due to rising global energy needs there is further rise in the demand of the Petroleum refineries and petro chemical plants. This has shifted focus and increases investment on new refineries and petro chemical structures around the globe, therefore, the growth in demand for products of refinery and petrochemical filterage.

Today, there are more than seven hundred refineries in the world whose total refining capability is over hundred million barrels per day according to the Oil & Gas Journal. Most of these refineries are however located in the first world countries of United States, Europe and Japan. As earlier highlighted the developing world has little or no refining capacity, and majority rely on imported petroleum products as source of energy. ". For this reason, the investments into construction of new refineries in these countries are getting more and more colossal.

Restraint: Availability of low-cost and inferior-quality industrial filtration products

In the industrial air filtration market, one is able to see that industrial filters come in different price range based on the type of product, technology used, and the filter media used. Filter products have a manufacturing standard that is very helpful in the improvement of air and water that we breathe and use. Every end-use industry employs industrial filters in order to prevent unscheduled stoppage in operation, to protect an industry from the ’contamination effect’, to reduce maintenance expense, and to conserve resources in the environment. These factors contribute to high cost of Industrial filters. However, manufacturers are faced with various issues via the gray market which comes in terms of low quality imitations of genuine products or cheap overhaul services. What appears at first is particularly a very strong cost focus at time of purchase while there is room for local competitors to supply what appear to be cheaper to some of the same products offered by the MNEs in many emerging economies. Products that have poor filtration capacity may cause equipment failure that can culminate into a safety issue or have to be repaired after which the company incurs a lot of costs. Besides, the use of inferior filters will also convey a wrong image of the company and its products such as inefficiency and poor quality – this will always have a negative effect on the overall production process. Even the whole environment can be an area of concern when these products of inferior quality are used. When the contaminants are not effectively filtered they found a way of polluting and affecting natural resources thus having legal as well as financial repercussions.

Opportunities: Advancements in filter technologies

The development of filters as a technology has advanced but the technologies applied to filter service and monitoring have somewhat stagnated. Now, most filters are changed with reference to certain time intervals or by technicians’ naked eyes which can hardly be accurate; this is likely to create inefficiencies. Failure to change the filters as often as recommended will lead to increased costs, unrequired shutdowns and on the same note, failure to remove them once they are clogged will lead to narrowing down of the flow. There are several novelties that are currently being worked upon in terms of the filter monitoring to meet this challenge. In more general terms, probably, the most accurate approach is to periodically measure both pressure drop and flow rate across the filter. Together with this information it provides a better view of the state of the filter sometimes being compared to the dashboard of a car that shows information on the health of the engine. Best time for maintenance will be provided from this filter industry, as this will not allow early replacement of the component hence will enhance timely check if warranted. That may help to gain proper control of cost per service output and minimize time devoted to equipment downtimes for filtration systems to run at their best.

Challenges: Frequent replacement and disposal of industrial filters

There are many industrial filters used in industries to purify air and water but in turn produce much wastes that have to be continuously replaced and disposed of. It is possible to make a distinction between environmental, economical, and logistic issues in all these challenges.

Without any doubt, these issues have to be solved towards sustainable and proper industrial practice. It is of utmost significance that strategies that are in the pipeline, for instance, filter regeneration, recycling opportunities, or even prognostic maintenance through real-time data, so as to enhance the technology for extension of lifespans of filters to the environment and economic effects arisen from discreet filter replacement and maintenance.

Industrial Filtration Market Ecosystem

Leading companies in this market include well-established, financially secure producers of industrial filtration. These corporations have been long operating in the industrial filters market and have a differentiated product portfolio, modern manufacturing technologies, and robust sales and marketing networks. Major companies in this market Eaton (US), Danaher (US), Parker - Hannifin (US), 3M (US), Cummins (US).

The chemicals & petrochemicals segment is expected to be the largest market by end user industry during the forecast period.

The industrial filtration market segment by end-users industry is food & beverage, chemicals & petrochemicals, power generation, oil & gas, pharmaceuticals, metals & mining, automotive and others. The industrial filtration business is clasified into chemicals and petrochemicals, which is anticipated to grow at the highest rate due to the fact that during the continuum of refining raw materials such as chemicals and hydrocarbons, the processes that make use of filtration in the finest manner includes procedures intended for separation of impurities, contaminants, and particulates. Such a strict selection is used in order to maintain high quality of products, compliance with the legislation requirements, and equipment preservation.

By filter media, the fiberglass segment is expected to be the second largest segment during the forecast period.

Based on filter media, this report divides the industrial filtration market into Activated Carbon/Charcoal, Fiberglass, Filter Paper, Metal, Nonwoven Fabric, and Others. Fiberglass which is comparatively lighter is well-known and used extensively in the food and beverages, chemicals, metals and mining, power generation and distribution, pulp and paper and electronics industries. It also fitted for high temperature applications to noble ends, for thermal protection. Some of the properties that have been attributed to the material include hardness, resistance to corrosion products, moderate tensile/compressive strength, and mechanical properties amongst others.

“North America”: The largest in the Industrial Filtration market.

North America is the largest region in the Industrial Filtration market and other regions include Europe Asia-Pacific Latin America Middle East and Africa. It appears that industries in the North America require a supply of products such as oil and gas, industrial water treatment, pharmaceuticals, process industries, manufacturing, and metals and mining. Besides that, there is a facility such as the Blue Plains Wastewater Treatment Facility in the region where industries benefit from the reclaimed water.

Key Market Players

The industrial filtration market is dominated by a few major players that have a wide regional presence. The major players in the Industrial filtration industry are Eaton (US), Danaher (US), Parker - Hannifin (US), 3M (US), Cummins (US). Between 2020 and 2023, strategies such as product launches, contracts, agreements, partnerships, collaborations, alliances, acquisitions, and expansions are followed by these companies to capture a larger Industrial filtration market share.

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Scope of the Report

This research report categorizes the market by End user Industry, type, product, filter media, and region

On the basis of end user industry, the industrial filtration market has been segmented as follows:

• Food & Beverage
• Chemicals & Petrochemicals
• Power Generation
• Oil & Gas
• Pharmaceuticals
• Metals & Mining
• Automotive
• Other Industries

On the basis of type, the industrial filtration market has been segmented as follows:

• Liquid
• Air

On the basis of product, the industrial filtration market has been segmented as follows:

• Filter Press
• Bag Filter
• Drum Filter
• Depth Filter
• Cartridge Filter
• HEPA Filter
• ULPA Filter
• Electrostatic Precipitator
• Other products

On the basis of filter media, the industrial filtration market has been segmented as follows:

• Activated Carbon/ Charcoal
• Fiberglass
• Filter Paper
• Metal
• Nonwoven Fabric
• Other filter media

On the basis of region, the industrial filtration market has been segmented as follows:

• Asia Pacific
• Europe
• North America
• Middle East & Africa
• South America

Recent Developments

• In August 2022, Eaton's Filtration Division has showcased filtration solutions for life sciences and industrial processing at ACHEMA 2022. Highlights include the new BECO CARBON depth filter sheets with integrated activated carbon and the Simplex 72X pipeline strainers, offering efficient filtration for various applications.
• In March 2020, Danaher acquired the Biopharma business of GE’s Life Science division, now known as Cytiva. Cytiva is a leading provider of instruments, consumables, and software that support the research, discovery, process development, and manufacturing workflow of biopharmaceutical drugs.
• In September 2023, Parker Hannifin's Industrial Gas Filtration division introduces BHA® replacement dust cartridges for Donaldson Downflo® Evolution (DFE) collectors. These cartridges promise both cost savings and improved air cleaning performance compared to the original DFE filters.
• In December 2021, 3M and NEOGEN have entered into a definitive agreement under which 3M will separate its food safety business and simultaneously combine it with NEOGEN, this combination will create an innovative leader in the food safety sector with a comprehensive product range and a strategic focus on the category’s long-term growth opportunities.

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