PUBLISHER: KBV Research | PRODUCT CODE: 1483516
PUBLISHER: KBV Research | PRODUCT CODE: 1483516
The Global Industrial Filtration Market size is expected to reach $52.7 billion by 2031, rising at a market growth of 5.3% CAGR during the forecast period.
Depth filters find applications across various industries, including pharmaceuticals, biotechnology, food and beverage, chemicals, cosmetics, water treatment, and automotive. Thus, the depth filter segment acquired $3,954.8 million revenue in 2023. They remove particulates, sediments, colloids, microbial contaminants, and impurities from liquid streams. Depth filters effectively remove a wide range of particulate matter, including coarse, fine, and gel-like particles.
Environmental regulations limit pollutant emissions, wastewater discharge, and air quality standards. Industrial facilities must comply with these regulations to avoid fines, penalties, and legal liabilities. As a result, there is a growing demand for filtration systems to remove pollutants and ensure compliance with environmental standards. Therefore, stringent environmental regulations drive demand for industrial filtration solutions by mandating pollution control measures, water and air quality standards, and wastewater treatment requirements.
Additionally, Urbanization and industrialization increase the demand for clean air, safe drinking water, and healthy living environments. Concerns about air pollution, water contamination, and occupational health drive industries and municipalities to invest in filtration solutions to protect public health and ensure workplace safety. Thus, growing industrialization and urbanization leads to expanding the industrial filtration market.
However, Industrial filtration systems require regular maintenance to ensure optimal performance and longevity. This includes replacing filter media, cleaning filter elements, inspecting seals and gaskets, and monitoring equipment conditions. Therefore, maintenance and downtime present challenges for the industrial filtration market.
Type Outlook
On the basis of type, the industrial filtration market is classified into liquid and air. The air segment recorded a 41%revenue share in the industrial filtration market in 2023. The need to protect sensitive equipment and processes from airborne contaminants is driving the adoption of industrial filtration systems. This is particularly important in industries such as pharmaceuticals, electronics manufacturing, and food processing, where maintaining a clean environment is critical for product quality and safety.
Filter Media Outlook
Based on filter media, the industrial filtration market is segmented into activated carbon/charcoal, fiberglass, filter paper, metal, nonwoven fabric, and others. In 2023, the filter paper segment acquired a promising growth rate in the industrial filtration market. Filter paper, a porous substance, finds utility in a wide array of filtration applications, spanning from industrial processes to laboratory filtration.
Industry Outlook
Based on industry, the industrial filtration market is divided into food & beverage, chemicals & petrochemicals, power generation, oil & gas, pharmaceuticals, metals & mining, and others. In 2023, the food and beverage segment recorded a 15% revenue share in the industrial filtration market.
Product Outlook
By product, the industrial filtration market is fragmented into filter press, bag filter, drum filter, depth filter, cartridge filter, HEPA filter, ULPA filter, electrostatic precipitator, and others. The bag filter segment witnessed a 24% revenue share in the industrial filtration market in 2023. Bag filters play a crucial role in helping industries comply with environmental regulations and emission standards by reducing particulate emissions and maintaining air quality standards.
Regional Outlook
Region-wise, the industrial filtration market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment garnered a 35.3% revenue share in the industrial filtration market in 2023. North America is home to a diverse manufacturing sector, including automotive, aerospace, electronics, and machinery, which rely on industrial filtration for coolant filtration, oil mist collection, air pollution control, and parts cleaning.
Recent Strategies Deployed in the Market
List of Key Companies Profiled
Global Industrial Filtration Market Report Segmentation
By Type
By Filter Media
By Industry
By Product
By Geography