PUBLISHER: The Business Research Company | PRODUCT CODE: 1578752
PUBLISHER: The Business Research Company | PRODUCT CODE: 1578752
Lubricant filtration involves removing contaminants such as dirt, metal particles, and other impurities from lubricating oil used in machinery and engines. This process helps maintain the oil's effectiveness, extends equipment lifespan, and ensures optimal performance. Efficient filtration reduces wear and tear, preventing costly breakdowns and maintenance.
The main types of lubricant filtration are depth filtration and surface filtration. Depth filtration captures contaminants within the filter's material, using a porous medium that traps particles as fluid passes through. Filter media can include cellulose-based, synthetic-based, and blend filters. Filtration systems address various lubricants, including engine oil, hydraulic oil, transmission fluid, and others. Technologies used in these systems include centrifugal filtration, pressure filtration, and vacuum filtration. End users of these filtration systems span automotive, industrial machinery, aviation, marine, and other sectors.
The lubricant filtration market research report is one of a series of new reports from The Business Research Company that provides lubricant filtration market statistics, including the lubricant filtration industry's global market size, regional shares, competitors with a lubricant filtration market share, detailed lubricant filtration market segments, market trends and opportunities, and any further data you may need to thrive in the lubricant filtration industry. This lubricant filtration market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The lubricant filtration market size has grown strongly in recent years. It will grow from $30.20 billion in 2023 to $32.21 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to manufacturing expansion, increased machinery usage, early environmental awareness, the establishment of initial regulatory frameworks, and advancements in filtration technology.
The lubricant filtration market size is expected to see strong growth in the next few years. It will grow to $41.38 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to industrial expansion, increased machinery longevity, stricter environmental regulations, technological advancements, and a rising demand for efficient maintenance. Major trends expected during this period include increased automation, advancements in filtration technologies, eco-friendly solutions, growth in predictive maintenance, and rising demand in emerging markets.
The expansion of the automotive industry is anticipated to drive growth in the lubricant filtration market. The automotive industry encompasses the design, manufacturing, marketing, and sale of motor vehicles such as cars, trucks, and motorcycles. This sector is growing due to increased consumer demand, technological advancements in vehicles, and greater investments in electric and autonomous vehicles. Lubricant filtration within the automotive industry is crucial for maintaining engine performance and longevity by removing contaminants from the lubrication system. For example, Statistics Canada reported in June 2024 that the number of registered road motor vehicles in Canada reached 26.3 million in 2022, reflecting a slight increase of 0.3% from 2021. As a result, the growing automotive industry is driving the demand for lubricant filtration.
Leading companies in the lubricant filtration market are concentrating on developing advanced technological solutions, such as hydraulic and lubrication filtration technology, to improve performance and meet evolving industry needs. Hydraulic and lubrication filtration technology involves methods and equipment designed to remove contaminants from hydraulic fluids and lubricants, ensuring optimal system performance and longevity. For instance, in April 2023, Todd Technologies Inc. (TTI), a US-based filter breather manufacturer, introduced the SmartFlow Media Technology and PowerGuard SmartFlow Filter Element Line. This technology addresses issues such as initial pressure drop, varying viscosity, and high temperatures that affect hydraulic and lubrication systems, enhancing filtration efficiency and extending the lifespan of hydraulic and lubrication fluids.
In September 2023, The Timken Company, a US-based manufacturer of engineered bearings and industrial motion products, acquired Des-Case Corp. for an undisclosed amount. This acquisition is aimed at strengthening Timken's commitment to improving machinery reliability and efficiency while expanding its industrial motion portfolio with complementary filtration solutions that align with its existing automatic lubrication systems. Des-Case Corp., based in the US, specializes in contamination control products for industrial lubricants and fluids.
Major companies operating in the lubricant filtration market are Robert Bosch GmbH, Denso Corporation, 3M Company, EATON CORPORATION plc, PARKER-HANNIFIN CORP, DuPont de Nemours Inc, Mann+Hummel GmbH, Alfa Laval AB, Donaldson Company Inc, Ahlstrom-Munksjo, Camfil, Pall Corporation, UFI FILTERS Spa, Hengst SE & Co. KG, Hollingsworth & Vose, Mahle GmbH, Freudenberg Filtration Technologies SE & Co. KG, FRAM Group IP LLC, ACDelco Ltd, Lazada Philippines, ALCO Filters Ltd, Filtrox AG
Asia-Pacific was the largest region in the lubricant filtration market in 2023. The regions covered in the lubricant filtration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the lubricant filtration market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The lubricant filtration market consists of revenues earned by entities by providing services such as oil analysis and testing, filter installation and replacement, and leak detection and repair. The market value includes the value of related goods sold by the service provider or included within the service offering. The lubricant filtration market also includes sales of filter cartridges, spin-on filters, portable filtration units, and breathers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Lubricant Filtration Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on lubricant filtration market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for lubricant filtration ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The lubricant filtration market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.