Industrial Filters Market – Major Players are Valmet Corporation, Lydall Inc., 3M, Ahlstrom-Munksjo, Clear Edge Filtration Group, Nordic Air Filtration, Fibertex Nonwoven, Sefar AG, Freudenberg Filtration Technologies, and Sandler AG

According to recent market research "Industrial Filters Market by Type (Liquid and Air Filter Media), End-use Industry (Food & Beverage, Metal & Mining, Chemical, Pharmaceutical, and Power Generation), and Region (APAC, Europe, North America, MEA, and SA) - Global Forecast to 2023", The industrial filters market is expected to grow from USD 2.7 billion in 2018 to USD 3.7 billion by 2023, at a CAGR of 6.2% during the forecast period. The major factors driving the industrial filters market include growing industrialization and urbanization coupled with stringent regulations pertaining to emission and treatment of industrial waste.

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The industrial filters market size is estimated to be USD 2.7 billion in 2018 and is projected to reach USD 3.7 billion by 2023, at a CAGR of 6.2%. Stringent regulations pertaining to emission & treatment of industrial waste and requirement of a safe working environment in industrial facilities are driving the industrial filters market. The rise in the global pollution level has led to an increase in the risk of adverse effects on health and the environment. Stringent regulatory and sustainability mandates have increased the demand for industrial waste treatment. Hence, various emission control acts and regulations have been legislated across most of the countries worldwide to control the level of pollution as well as to ensure that the disposed waste is less harmful to the environment.

APAC is projected to be the largest and fastest-growing market for industrial filters. This growth is mainly driven by high demand from the food & beverage and metal & mining industries. The demand for industrial filters is high in developing economies such as China and India. The growing population is leading to an increase in demand for various food products which is fueling the industrial filters market in the food & beverage industry. There is a huge demand for industrial water & wastewater treatment in the region owing to increasing industrialization. The stringent government norms and environmental regulations are also fueling the growth of the industrial filters market in APAC.

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The industrial filters market size is estimated at USD 2.7 billion in 2018 and is projected to reach USD 3.7 billion by 2023, at a CAGR of 6.2%. The growing urbanization and industrialization in developing countries and stringent environmental regulations related to filtration are driving the demand for industrial filters during the forecast period.

The key players in the industrial filters market include Valmet Corporation (Finland), Lydall Inc. (US), 3M (US), Ahlstrom-Munksjo (Finland), Clear Edge Filtration Group (US), Nordic Air Filtration (Denmark), Fibertex Nonwoven (Denmark), Sefar AG (Switzerland), Freudenberg Filtration Technologies (Germany), and Sandler AG (Germany). The industrial filters market report analyzes the key growth strategies adopted by the leading market players between 2013 and 2018. These strategies include investment & expansion, acquisition, and new product launch.

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Lydall Inc. is one of the leading manufacturers of industrial filters. The company has adopted acquisition as one of its key business strategy to strengthen its position in the global industrial filters market. For example, in January 2017, Lydall acquired MGF Gutsche GmbH & Co. KG (Germany) for USD 58 million. The company has established itself as a global leader in needle punch nonwoven filters solutions and strengthened its position as a premier provider of engineered technical materials through this acquisition.

Ahlstrom-Munksjo is among the key players in the industrial filters market. The company has adopted investment & expansion and new product launch as its key business strategies. For instance, in November 2018, Ahlstrom-Munksjo launched a highly durable air filtration media, Ahlstrom-Munksjo Extia 1000. This filtration media will increase the filtration lifetime by more than 40%, which will further help customers to extend operational duration before changing the filters.

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