The Global Industrial Filtration Market size is valued at USD 37.08 billion in 2024 and is expected to grow at a CAGR of around 6% during the forecast period, i.e., 2024-30.
Key Findings of the Study: Industrial Filtration Market
Global Industrial Filtration Market Driver: Increasing Refinery Petrochemical Infrastructure Development
The expansion of petroleum refineries petrochemical plants is a substantial driver in the Industrial Filtration Market. These facilities play a key role in meeting the escalating global energy demand by refining crude oil into essential products like gasoline, diesel, and petrochemicals, which are integral to various industries. Further, as the energy need continues to grow, there's a complementary increase in investments towards the establishment of new refineries infrastructure for petrochemical operations worldwide. Consequently, this fuels a heightened demand for refinery petrochemical filtration products, as ensuring the quality purity of fluids within these processes becomes paramount for operational efficiency regulatory compliance.
Moreover, the expansion of the Oil Gas sector, particularly in developing countries, serves as a significant driver for the market. along with this, developing countries that are facing a scarcity of refineries, are increasingly investing in new refinery projects to meet their energy demands, thereby enhancing the need for advanced filtration technologies to ensure the quality purity of refined products.
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Scope of the Report and Industrial Filtration Market Segmentation
By Type
Liquid Filtration
Air Gas Filtration
By Product
Filter Press
Bag Filter
Drum Filter
Depth Filter
Cartridge Filter
HEPA Filter
ULPA Filter
Electrostatic Precipitator
Others
By Filter Media
Activated Carbon/Charcoal
Fiberglass
Filter Paper
Metal
Non-Woven Fabric
Others
- The Fiberglass segment commands a significant share in the Industrial Filtration Market due to its versatile applications across diverse industries such as food beverages, chemicals, metals mining, power generation, pulp paper, and electronics.
By Industry
-Food Beverages
-Chemicals Petrochemicals
-Oil Gas
-Pharmaceuticals
-Metals Mining
-Automotive
-Power Generation
-Others
Top leading companies in the Industrial Filtration Market includes:
3M Company, Donaldson Company Inc., Metso, Alfa Laval, Camfil, Parker Hannifin Corp., Cummins Inc., Eaton, Filtration Group, Freudenberg Group, Mann+Hummel, Danaher Corporation, Babcock Wilcox, W.L. Gore, Hengst Se, Others
Industrial Filtration Market Development
- 2023: Donaldson Company Inc. revealed its acquisition of Isolere, Bio, Inc., an early-stage biotechnology firm specializing in developing reagents associated filtration processes tailored for the purification and efficient production of biopharmaceuticals.
- 2023: Metso secured a significant deal in the Industrial Filtration Market, clinching a contract to supply seven Larox FFP2512 pressure filtration units to enhance Tosyali's iron concentrator plant expansion in Algeria.
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Geographical analysis:
North America: US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
- The North American Industrial Filtration Market asserts its dominance by capturing the largest market share globally
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