PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1566249
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1566249
The bulk filtration market is expected to grow from an estimated USD 13.63 billion in 2024 to USD 18.76 billion by 2030, at a CAGR of 5.5% during the forecast period. The increasing demand for sustainable filtration solutions together with stringent environmental regulations and the ever-increasing requirement for circular economy makes a huge opportunity in the market for bulk filtration. Industries are being challenged continuously to adopt cleaner and energy-efficient filtration technology that reduces waste and emissions. Sustainable filters, made from biodegradable or recyclable material, and energy-efficient systems also help the industries meet the regulatory standards while reducing the operational cost. The filtration technologies for water and wastewater reuse are very valuable; such sectors become increasingly concerned about the resources, especially from an investment point of view-chemical processing, mining, and even perhaps areas having automobiles.
Scope of the Report | |
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Years Considered for the Study | 2020-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Units Considered | Value (USD Million/Billion) |
Segments | Bulk filtration Market by mounting type, end use, application, fluid type, filtration system, and region. |
Regions covered | North America, Europe, Asia Oceania, South America, Middle East & Africa |
"Fuels, by fluid type, is expected to be the largest-growing segment from 2024 to 2030."
The fuels segment is expected to largest growing in the bulk filtration market. Cleaner fuels, such as ULSD, and other low-emission alternatives, mean that advanced filtration systems are needed during their production and transportation to prevent contamination. This upsurge means there is a growing need for bulk filtration systems as the industrial activity is increasing globally, especially in emerging markets. Bulk filtration is required in manufacturing, transportation, and power generation, among other industries, as a tool to ensure effective operation.
"Liquid-Liquid Filtration, by application, is expected to be the fastest-growing market from 2024 to 2030"
It is expected that the Liquid-Liquid filtration application in the bulk filtration market will grow at a faster rate. This application, especially for marine and industrial uses, involves separating immiscible liquids (like oil and water) or removing contaminants from one liquid phase. The importance of this process lies in the purification of fuel, treatment of lube oil, and bilge water management in marine vessels and also in other industrial operations such as petrochemical refining and wastewater treatment. Such a rapid investment growth in petrochemical infrastructure demands a more advanced filtration solution in a liquid-liquid separation process.
"China to grow at a highest CAGR for Asia Oceania bulk filtration market."
The filtration systems in China play a crucial role in offshore drilling operations in the South China Sea. Such a system will ensure that the filtered drilling fluids, hydraulic oils, and treated water are quality services that would prevent equipment failure and environmental pollution. Given the harsh marine environment, robust filtration solutions are necessary to enhance operational reliability and protect ecosystems. The Chinese government's 14th Five-Year Plan emphasizes sustainable development, pollution control, and resource efficiency. This regulatory framework is driving the bulk filtration market as industries look for advanced filtration solutions to meet stricter environmental standards. Achieving improved fluid cleanliness and reduced emissions from industrial processes is vital for fulfilling these governmental objectives.
In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the bulk filtration market.
By Company Type: Tier 1- 60%, Tier 2- 25%, and Tier 3- 15%
By Designation: C-level Executives - 35%, Director Level- 25%, and Others- 40%
By Region: North America - 25%, Europe - 25%, Asia Oceania - 30%, South America - 10%, Middle East & Africa - 10%
Note: Other designations include sales managers, marketing managers, product managers, and product engineers.
The tier of the companies is defined based on their total revenue as of 2023. Tier 1: USD 1 billion and above, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: <USD 500 million.
The bulk filtration market is dominated by a few major players that have a wide regional presence. The leading players in the bulk filtration market are Parker Hannifin Corp (US), Donaldson Company, Inc. (US), Filtration Group (US), MANN+HUMMEL (US), Eaton (Ireland), among others. The major strategy adopted by the players includes new product launches, joint ventures, acquisitions, and expansions.
The report defines, describes, and forecasts the bulk filtration market by mounting type, filtration system, fluid type, application, end use, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements. new product launches, mergers and acquisitions, and recent developments associated with the bulk filtration market. Competitive analysis of upcoming startups in the bulk filtration market ecosystem is covered in this report.
Reasons to buy this report The report will help the market leaders/new entrants bulk filtration market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.