Press release
Industrial Filtration Market to Grow $41.1 Billion by 2025 | Danaher, Alfa Laval, Eaton, Ahlstrom Munksjö, Donaldson, Parker Hannifin.
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By industry, the industrial filtration market is segmented into manufacturing, power generation, oil & gas, pharmaceuticals, metal & mining, and process industry. The manufacturing industry is expected to be the largest market from 2020 to 2025. It includes machinery & equipment, chemical, electrical & electronics (includes semiconductors), and pulp & paper industries. The machinery & equipment manufacturing industry uses industrial filtration for adsorption of corrosive gases, dust protection, treatment of cooling and process water, and for filtration of cooling lubricants and washing fluids. In chemical industry, use of industrial filtration helps in catalyst support, pollution control, wastewater filtration, and for filtration of a wide variety of chemicals. This is likely to drive the demand for industrial filtration market.
The Filter Press segment is expected to be the fastest-growing market of the industrial filtration market
The industrial filtration market, based on the filter media, is segmented to metal, activated carbon/charcoal, fiberglass, filter paper, non-woven fabric, and others. The non-woven fabric segment is expected to grow at the highest CAGR during the forecast period. The strength and reliability of the fabric to remove microorganisms from liquids spurs the growth of this segment. The softness, strength, absorbency, resilience, and elasticity of non-woven fabrics make them appropriate for use in various industries such as pharmaceuticals, mineral processing, and others.
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North America is expected to be the largest industrial filtration market
North America is the largest market for industrial filtration. The region has been segmented by country into the US, Canada, and Mexico. The demand for industrial filtration in this region is driven mostly by the manufacturing, oil & gas, power generation, pharmaceutical, metal & mining and process industries. It is the largest market for industrial filtration during the forecast as it is the second-largest producer of crude oil which generates waste, which is needed to be treated. Manufacturing is the largest sector globally as they increase the operational life of machines and equipments. Moreover, this region also houses some of the major manufacturers who continuously focus on R&D to innovate new technologies.
A few major players that have a strong presence and dominate the industrial filtration market market. The leading players in the market market include Danaher (US), Alfa Laval (Sweden), Eaton (Ireland), Ahlstrom Munksjö (Finland), Donaldson (US), Parker Hannifin (US).
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