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Filtration & Separation Market Growth, Analysis & Forecast- 2026 | Key Drivers, Restraints and Opportunities
Filtration & Separation Market
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The global filtration & separation market size was valued at $89,072.0 million in 2018, and is projected to reach $116,123.0 million by 2026, growing at a CAGR of 3.3% from 2019 to 2026.
In addition, air filters are also used across pharmaceutical and biotechnology manufacturing. Therefore, the higher importance of air filters in hospitals and pharmaceutical and biotechnology manufacturing increases the need for air filters. Moreover, the growth in overall healthcare spending also results in higher demand for air filters, which in turn drives the growth for filtration & separation market.
The quality of air and water across the globe is decreasing due to factors such as industrialization and urbanization. Therefore, air and water pollution has become a health problem globally. Thus, the high focus to curb air and water pollution is expected to increase the demand for filters, which in turn drives the demand for the filtration & separation market.
In addition, the stringent government regulations for clean water in developed countries fuels the growth of the filtration & separation market. However, the high capital and operating cost, and decline in number of new coal power plants hamper the filtration & separation market growth. Furthermore, high focus on nanotechnology for air filtration is expected to offer lucrative growth opportunities for the market players during the forecast period.
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Scope of The Report
By Type
Gas and Liquid
Air
By End-User
Industrial Process
HVAC
Life Sciences
Water and Wastewater
Transportation
By Region
North America
Europe
Asia-Pacific
LAMEA
Key Players
Ahlstrom-Munksjö
Alfa Laval
Donaldson
Eaton
Freudenberg
Lydall, Inc.
Mann+Hummel
Pall Corporation
Parker Hannifin Corporation
Porvair Plc
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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