Liquid Filtration Market worth $2.9 billion by 2024 | Key players Lydall, Inc., Valmet, Clear Edge, Johns Manville, 3M.

According to recent market research the "Liquid Filtration Market by Fabric Material (Polymer, Cotton, and Metal), Filter Media (Woven, Nonwoven, and Mesh), End-User (Municipal Treatment, Food & Beverage, Metal & Mining, Chemical, and Pharmaceutical), Region - Global Forecast to 2024" The global liquid filtration market size is expected to grow from USD 2.1 billion in 2019 to USD 2.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period. The major factors driving the liquid filtration industry growth include stringent regulations pertaining to the treatment of industrial and municipal waste, growing industrialization & urbanization.

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Based on fabric material, the liquid filtration industry has been segmented into three types, namely, polymer, cotton, and metal. The polymer segment is projected to account for the high share of the liquid filtration market. The demand for this segment is highest due to the superior physical properties including excellent thermal resistance and chemical resistance provided by the polymers.
The liquid filtration market has been segmented into three categories, namely, woven, nonwoven, and mesh, based on filter media. Among these types, the nonwoven filter media segment is expected to grow at the highest rate in this market. The demand for nonwoven filtration fabrics is highest due to technological advancements and cost-effectiveness.

Industrial treatment is the largest and fastest growing segment amongst end users in the liquid filtration market. This segment is further segmented into chemical, food & beverage, pharmaceutical, metal & mining, and other. The food & beverage end-user is growing rapidly owing to the rising demand for convenience food, processed & semi-processed food, and ready-to-eat food. Further, purification and filtration of the water are required during various industrial processes.

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Asia Pacific is the fastest growing market for liquid filtration. The growing industrialization, urbanization, and improving standard of living in the emerging economies of Asia Pacific including China and India are supporting the growth of the liquid filtration market. The major end-users of liquid filtration in this region include food & beverage, metal & mining, chemical, and municipal.

The major vendors in the liquid filtration market include Ahlstrom-Munksjo (Finland), Lydall, Inc. (US), Valmet (Finland), Kimberly-Clark Corporation (US), Freudenberg Filtration Technologies (Germany), Clear Edge (US), Fibertex Nonwovens (Denmark), Hollingsworth & Vose (US), Johns

Manville (US), Sefar AG (Switzerland), 3M (US), American Fabric Filter (US), Autotech Nonwovens (India), Berry Global, Inc. (US), Donaldson Filtration Solutions (US), Eagle Nonwovens Inc. (US), G. Bopp + Co. AG (Switzerland), GKD (Germany), Kavon Filter Products Co. (US), MANN+HUMMEL (Germany), Norafin Industries (Germany), Sandler AG (Germany), Schweitzer-Mauduit International, Inc. (US), TWE Group (Germany), and Yingkaimo Metal Net Co. (China).

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Ahlstrom-Munksjo (Finland) is focusing on the expansion of its business to maintain its leading position in the liquid filtration market. For example, the company invested USD 32 million in its filtration & performance business to expand its production capacity in Turin (Italy) plant. This expansion will specifically aim at improving the company's current service level and help it to cater to the increasing requirement from industrial treatment applications. This expansion consolidated the company's position as one of the leading manufacturers of high-performance liquid filter media. Moreover, the investment will help the company in rebuilding and modifying its other existing plants in Belgium and Sweden.

Lydall, Inc. (US) is progressing in the market by providing specialty engineered filter media for various industries, such as mining, food, power, cement, steel, asphalt, incineration, HVAC, and pharmaceutical. The company has a total of 6 filter media manufacturing sites, and it offers filter media that are produced from cellulose, synthetic, and glass materials. In January 2017, Lydall acquired MGF Gutsche GmbH & Co. KG (Germany) for USD 58 million. Gutsche is a leading producer of nonwoven needle punch material for industrial filtration and high-performance nonwoven segments. Gutsche has operations in Germany and China. Lydall strengthened its position as a premier provider of needle punch nonwoven filtration solutions through this acquisition.

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