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Electronic Filtration Market worth $6.0 billion by 2028 | Key players Pall Corporation (US), Entegris, Inc. (US), 3M (US), Cobetter Filtration (China), and Parker Hannifin (US).

07-18-2024 08:44 AM CET | Chemicals & Materials

Press release from: MarketsandMarkets

Electronic Filtration Market, Electronic Filtration, Filtration Market, APAC Electronic Filtration Market, Europe Electronic

Electronic Filtration Market, Electronic Filtration, Filtration Market, APAC Electronic Filtration Market, Europe Electronic

According to recent market research the "Electronic Filtration Market by Type (Gas Filter, Liquid Filter, Air Filter), Filter Material, Filtration Technologies, Application, End-use Industry (Consumer Electronics, Industrial Electronics, Semiconductors), and Region - Global Forecast to 2028", size is projected to reach USD 6.0 billion by 2028 from USD 4.0 billion in 2023, at a CAGR of 8.5% during the forecast period. The major drivers for the electronic filtration market are the growing demand for semiconductors in various end-use industries, increasing demand for ultra-pure water in microelectronics, and enhanced cleanroom environments in semiconductors and microelectronics production. High costs associated with advanced filtrations, and the disposal of waste generated through the filtration process are considered restraining factors in this market. Whereas the usage of nanocomposite membranes, and the growth of data centers and cloud computing services act as opportunities in the market.

Browse 169 market data Tables and 55 Figures spread through 214 Pages and in-depth TOC on "Electronic Filtration Market - Global Forecast to 2028"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/electronic-filtration-market-239108694.html

The liquid filters segment is estimated to be the second fastest-growing product type in the electronic filtration market due to the critical need to protect intricate electronic components from liquid contaminants. As electronic devices evolve in complexity and compactness, the significance of efficient liquid filtration to prevent damage and uphold optimal performance has intensified. This heightened awareness of the role liquid filters play in safeguarding electronic systems positions them as the second fastest-growing product type in the electronic filtration market.

Cleanroom environments hold the highest market share in electronic filtration applications due to their critical role in industries like semiconductor manufacturing and pharmaceuticals. The stringent cleanliness requirements to prevent contamination and ensure optimal working conditions drive demand for advanced filtration solutions. As technology advances and precision manufacturing becomes paramount, the significance of cleanroom environments grows, making them the dominant application in the electronic filtration market.

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The industrial electronics industry is estimated to be the second fastest growing end-use industry of the electronic filtration market, due to the escalating integration of advanced electronic components in manufacturing processes. As industries embrace automation, IoT, and sophisticated electronic equipment, there is an increasing need for effective filtration to protect sensitive electronics from contaminants. This heightened demand positions the industrial electronics sector as the second fastest-growing end-use industry in the electronic filtration market.

Pall Corporation (US), Entegris, Inc. (US), 3M (US), Cobetter Filtration (China), and Parker Hannifin (US) are some of the established players in the electronic filtration market. These players have adopted various strategies such as mergers & acquisitions, joint ventures, and expansion to strengthen their market position.

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Entegris, Inc. is a world-class supplier of advanced materials and process solutions for semiconductors, life sciences, and other high-tech industries. The company offers a range of products, including specialty chemicals, materials, and advanced manufacturing solutions. The company operates through four operating segments, namely, specialty chemicals & engineered materials, advanced polarization solutions, micro contamination control, and advanced materials handling. The company offers solutions to filter and purify critical liquid and gaseous chemistries used in semiconductor manufacturing processes and other high-technology industries through micro contamination control segment. This segment serves industries like chemical, electronics, pharma and medical. The company operates globally, serving customers in various regions, including Asia, North America, and Europe. Their global presence allows them to support the semiconductor and high-tech industries on a worldwide scale.

Pall Corporation specializes in providing filtration, separation, and purification solutions across various industries. In 2015, Pall Corporation was acquired by Danaher Corporation, a conglomerate known for its diverse range of science and technology-based products and services, and now it operates as a subsidiary. The company is known for its advanced filtration technologies and its products and services are used in a wide range of applications, including microelectronics, aerospace & marine, chemicals & polymers, food and beverage, industrial manufacturing, oil & gas, and power generation. Pall Corporation offers membranes, permanent and temporary membrane systems, pre-treatment solutions, and filters and housings solutions for Microelectronics and Semiconductors. Aria Microfiltration Membranes, Ultipor GF Plus Membranes, and Supor EKV Membranes are some of the key brands that Pall Corporation offers microfiltration membranes for semiconductor applications. The company operates globally, with a presence in multiple countries. The company's products are used by diverse industries worldwide.

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