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Sintered Metal Filters Market Trends, Top Companies, Share, Growth And Forecast 2033
Sintered Metal Filters Market Trends
According to The Business Research Company's, The sintered metal filters market size has grown strongly in recent years. It will grow from $1.38 billion in 2023 to $1.48 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to industrial growth, stringent environmental regulations, quality and purity requirements, globalization and supply chain dynamics, rising awareness of filtration benefits.
The sintered metal filters market size is expected to see strong growth in the next few years. It will grow to $1.98 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to industry-specific demand, increasing emphasis on water and wastewater treatment, stricter emission standards, focus on energy efficiency, rapid urbanization and infrastructure development. Major trends in the forecast period include growing demand for environmental filtration solutions, advancements in material technology, rising emphasis on industrial filtration, global expansion of manufacturing activities, stringent regulatory standards, focus on healthcare and pharmaceutical applications.
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Market Drivers and Trends:
Rising environmental regulations will significantly contribute to the growth of the sintered metal filters market going forward. Environmental regulations refer to the placing of restrictions or obligations on people, businesses, or other organizations intending to prevent environmental deterioration or improve it. Sintered metal filters are used to control emissions generated by power generation and automotive industries to meet environmental regulations. For instance, in March 2022, the Environmental Protection Agency (EPA), a US-based government agency tasked with environmental protection matters, issued new emission control standards for trucks and heavy-duty vehicles. According to the proposed regulations, trucks, buses and heavy-duty vehicles will be required to reduce greenhouse gas (GHG) emissions. Therefore, rising environmental regulations will drive the sintered metal filter market.
Strategic partnerships are the key trend gaining popularity in the sintered metal filters market. Major companies operating in the sintered metal filters market are focusing on expanding strategic partnerships to strengthen their position in the market. For instance, in November 2022, Rypos Inc. a US-based diesel particulate filter solutions company partnered with Dürr Universal, a US-based filtration solutions company and Mack Molding, a US-based metal fabrication company to manufacture sintered metal filters and other necessary parts for diesel particulate filters. Instead of using exhaust heat to burn away particles, Rypos' filters use electrically heated, sintered metal filters, which send electric currents through the filter's fibers. Furthermore, in February 2023, Porvair Filtration Group, a UK-based provider of filtration solutions for various applications commissioned a fully integrated powder metallurgy production cell at its Caribou, Maine, USA, facility to produce its sintered powder products such as sintered metal filters.
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Major Key Players of the Market:
Mott Corporation; Eurobalt; Pall Corporation; Gopani Products Systems; Teesing; Filson Filters; GKN Powder Metallurgy Inc.; THE ALLIED GROUP; Parker Hannifin Corp.; Lenntech B.V.; Capstan Inc.; Jelliff Corporation; Porous Metal Filters Inc.; Norman Filter Company; DSB Technologies; R&G Components Inc.; Yankee Wire Cloth Products; Porvair Filtration Group; Baoji Saga Filter Co. Ltd.; Hengko Technology Co. Ltd.; Fuji Filter Manufacturing Co. Ltd.; Sintered Metal Filter Inc.; N.V. Bekaert S.A.; Ametek Inc.; HAVER & BOECKER OHG; BEA Technologies S.p.A.; Kemco Systems Co. LLC; Sumitomo Precision Products Co. Ltd.; Fluid Conditioning Products Inc.; Swift Filters Inc.
Sintered Metal Filters Market 2024 Key Insights:
• The sintered metal filters market will grow to $1.98 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%.
• Growing Emphasis On Environmental Compliance Boosts Demand For Sintered Metal Filters
• Strategic Partnerships Drive Innovation And Market Presence In The Sintered Metal Filters Industry
• Asia-Pacific was the largest region in the sintered metal filters market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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