Liquid Filtration Market by Fabric Material (Polymer, Cotton, Aramid) by Type, Application & 2023 Forecast

The market size of liquid filtration is projected to grow from USD 1.90 billion in 2018 to USD 2.54 billion by 2023, at a CAGR of 6.0%.Liquid filtration separates solid from a liquid by passing the polluted liquid through a filter media that retains the solid and allows the clean liquid to pass through.

The key players in this market are Valmet (Finland), Clear Edge Filtration (US), Eaton Corporation (US), Lydall (US), Sefar AG (Switzerland), Sandler AG (Germany), GKD (Germany), Freudenberg Filtration Technologies (Germany), Fibertex Nonwoven (Denmark), and American Filter Fabrics (US). These companies have adopted various organic as well as inorganic growth strategies between 2014 and 2018 to strengthen their position in the market.

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New product launches, expansions, and acquisitions are the key growth strategies adopted by these leading players to enhance their regional presence and meet the growing demand for liquid filtration from emerging economies.

The filtration media should have uniformed pores smaller than the smallest particles to be removed. Moreover, the filter media should be strong enough and possess sufficient area to hold the required volume of solids. Growing industrialization and urbanization coupled with stringent regulations with regard to emission and treatment of industrial and municipal waste are the key factors fueling the market growth.

“Melt blown to be the fastest-growing filter media segment f the liquid filtration market, during the forecast period.”

Melt blown fabrics are formed by extruding melted polymer fibers through a die, which consists of up to 40 holes per inch to form long fibers. These fibers are then stretched and cooled by passing hot air over them and deposited in rolls which are then further processed as per the requirement of the end user. These fabrics are largely used in filtration activities owing to properties such as smooth texture, large surface area, and adequate strength. Their use in industries such as food & beverage, chemical, and mining also drives the market.

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APAC is the fastest-growing market for liquid filtration, globally. The growth is mainly driven by high demand from the municipal, chemical, mining, pharmaceutical, and food & beverage end users. The need for liquid filtration is high in developing economies, such as China, India, and Indonesia. The growing urbanization and industrialization are leading to the increased demand for potable water, which, in turn, is boosting the APAC liquid filtration market in the municipal and industrial segments. The implementation of stringent environmental regulations in the developed as well as emerging economies is also a significant driver of the global market.

Growing industrialization & urbanization

The growing industrialization has led to the increase in urbanization along with economic growth, globally. It has created a demand for industrial filters as there is an upsurge in air, liquid, and soil pollution. Liquid filtration is one of the markets with most growth potential, as it involves municipal water treatment, industrial water treatment, and industrial process applications. Developing and developed countries are major business hubs of liquid filtration. For example, manufacturing is one of the rapidly growing sectors for several developed and developing countries including China, India, US, Germany, Japan, South Korea, France, and Italy. It is a major contributor to the GDP of these countries. These countries are producing large industrial output from pulp & paper, food & beverage, chemical, pharmaceutical, mining, and several other industries. Moreover, the governments of developing countries such as India and China are facilitating plant setups and financial support for new entrepreneurs to star
t their ventures. The increase in manufacturing setups is expected to drive the industrial liquid filtration market as there is stringent regulation to treat industrial water and other liquid treatment.

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Objectives of the Study:
• To analyze and forecast the size of the liquid filtration market only in terms of value
• To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
• To define, describe, and forecast the market by fabric material, filter media, and end user
• To forecast the size of the market with respect to five regions, namely, Asia Pacific (APAC), Europe, North America, South America, and the Middle East & Africa along with their countries
• To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and their contribution to the market
• To analyze the opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
• To analyze competitive developments, such as new product launches, acquisitions, and expansions in the market
• To strategically profile the key players and comprehensively analyze their market shares and core competencies2

The market sizes estimated in this study have been validated through primary interviews conducted with various industry experts, globally. These primary sources have been divided into three categories:
1. By Company Type: Tier I-25%, Tier II-50%, and Tier III-25%
2. By Designation: C Level-20%, Director Level -30%, and Others-50%
3. By Region: North America-20%, Europe-30%, APAC-25%, South America-15%, and the Middle East& Africa-10%

Reasons To Buy Liquid Filtration Market Report:

The report is expected to help market leaders/new entrants in the liquid filtration market in the following ways:

This report comprehensively segments the liquid filtration market and provides the closest approximations for the sizes of different segments and sub segments of the market across different verticals and regions.

This report is expected to help stakeholders in obtaining an improved understanding of their competitors and gain insights about their businesses. The competitive landscape section includes detailed information about new product launches, acquisitions, and expansions that have been undertaken by various key players to enhance their position in the liquid filtration market.

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