Liquid Filtration Market is segmented by Filter Type (Woven, Non-Woven, and Mesh), Fabric Material Type (Polymer, Cotton, Aramid, and Metal), End-User Type (Municipal, Industrial), and Region (North America, Europe, Asia-Pacific, and Rest of the World).
Liquid Filtration Market is segmented by Filter Type (Woven, Non-Woven, and Mesh), Fabric Material Type (Polymer, Cotton, Aramid, and Metal), End-User Type (Municipal, Industrial), and Region ...
The Liquid Filtration Market was estimated at US$ 2.03 billion in 2022 and is expected to grow at a CAGR of 6.55% during 2023-2028 to reach US$ 2.98 billion by 2028.
Liquid filtration is a process used to separate suspended solid particles from a liquid, ensuring the liquid's cleanliness and purity. This technique is employed in various industries such as water treatment, pharmaceuticals, food and beverage, and manufacturing. Filters, commonly made of materials like paper, fabric, or porous substances, trap and remove particles as the liquid passes through. Filtration can occur through different mechanisms, including mechanical, where particles are physically blocked, or adsorptive, where contaminants adhere to the filter material.
The goal of liquid filtration is to enhance the quality of the liquid by removing impurities, sediments, or unwanted substances, contributing to improved product quality, process efficiency, and environmental protection.
Market Drivers
The growth is majorly driven by high demand from the chemical, municipal, mining, pharmaceutical, and food & beverage sectors. Increasing industrialization and urbanization along with stringent protocols apropos to the release and handling of industrial and municipal waste are the prime factors driving the global market growth of the liquid filtration market.
Segments Analysis
By Filter Type
The market is segmented into 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
The liquid filtration market is segmented into 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-User Type
The market is segmented into 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 signify ample growth opportunities for the food & beverage industry, which is bolstering the liquid filtration market.
Regional Analysis
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.
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Key Players
Some of the major players in the liquid filtration market are-
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Report Features
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Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Liquid Filtration Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market Segment Analysis and Forecast
Who are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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