Liquid Filtration Market to experience an impressive growth of 7.2% during 2020-2025
January 27, 2020
Liquid Filtration Market is likely to witness an impressive CAGR of 7.2% during the forecast period. Liquid filtration separates solid from liquid by allowing the contaminated liquid through a filter media that holds the solid and permits the clean liquid to pass through. The filtration media must bear uniformed openings minor than the minutest particles to be eliminated. Further, the filter media should be strong enough and own adequate area to grasp the required capacity of solids. Increasing industrialization and urbanization along with stringent protocols apropos to release and handling of industrial and municipal waste are the prime factors driving the global market growth.
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Liquid Filtration Market Segment Insights:
By Filter Type:
Based on the filter type, the market is segmented as woven, non-woven, and mesh. The woven segment is estimated to lead the market in the coming five years. The growth is attributed to the rising demand for monofilament and multifilament fabrics in various industrial applications. Monofilament fabrics deliver numerous benefits, such as enhanced open area, elevated flow rate, rarer likelihoods of product pollution, and fewer openings, which render extended lifespan and competent operation for solid elimination. Monofilament fabrics have substituted metal wire cloth in various applications, such as dryer belts, fiber belts, sifting screens, automobile filters, and rotary filters.
By Fabric Material Type:
Based on the fabric material type, the market is segmented as polymer, cotton, aramid, and metal. The polymers segment is expected to dominate the market during the forecast period. The growth is owing to the exceptional properties of polymers, such as elevated thermal and chemical confrontation and minimal water absorption which enable them as the preferred choice for filter media engineering.
By End-Use Industry Type:
Based on the end-user type, the market is segmented as municipal and industrial. The industrial segment is expected to lead the market in the coming five years. The major other subsegments, such as food & beverage, mining, chemical, and pharmaceutical, are the prime end-users of liquid filtration. The food & beverage segment is estimated to register the fastest stride. The rapidly growing population and fast urbanization, coupled with the changing lifestyles, have catapulted the progress of the food & beverage industry, globally. The increasing demand for ready-to-eat food, processed & semi-processed food, and convenience food signifies ample growth opportunities for the food & beverage industry, which is bolstering the liquid filtration market.
By Region:
In terms of regions, Asia-Pacific is estimated to be the fastest-growing market for liquid filtration, globally. The growth is majorly driven by high demand from the chemical, municipal, mining, pharmaceutical, and food & beverage sectors. The necessity for liquid filtration is predominant in developing economies, such as China, India, and Indonesia. The growing urbanization and rapid industrialization are contributing to the rising demand for potable water, which in turn, is driving the region’s liquid filtration market in the municipal and industrial segments. The enactment of stringent environmental guidelines in developed as well as emerging countries is also a prime driver of the global market. North America and Europe are also expected to offer sizeable growth opportunities during the forecast period.
Key Players:
Some of the major players in the liquid filtration market are American Fabric Filter, Ahlstrom-Munksjö, Autotech Nonwovens, Clear Edge Filtration Group, Eaton Corporation, Freudenberg Filtration Technologies, Fibertex Nonwovens A/S, Filtercorp International, GKD Gebr. Kufferath AG, and Hollingsworth & Vose.
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- Attractive market segments and associated growth opportunities
- Emerging trends
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- Key success factors
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