Liquid Filtration Market is Forecasted to Reach US$ 2.98 Billion in 2028, Says Stratview Research

The global liquid filtration market is projected to witness a growth rate of 6.55% annually from 2023 to 2028 with an anticipated size of US$ 2.98 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global liquid filtration market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 2.98 billion
Growth (CAGR): 6.55% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Liquid Filtration Market:

The global liquid filtration market is segmented based on filter type, fabric material type, end-user type, and region.

Based on filter type - The market is segmented into woven, non-woven, and mesh. The woven segment is estimated to lead the market in the coming five years. The growth is attributed to the rising demand for monofilament and multifilament fabrics in various industrial applications. Monofilament fabrics deliver numerous benefits, such as enhanced open area, elevated flow rate, rarer likelihoods of product pollution, and fewer openings, which render extended lifespan and competent operation for solid elimination. Monofilament fabrics have substituted metal wire cloth in various applications, such as dryer belts, fiber belts, sifting screens, automobile filters, and rotary filters.

Based on fabric material type - The liquid filtration market is segmented into polymer, cotton, aramid, and metal. The polymers segment is expected to dominate the market during the forecast period. The growth is owing to the exceptional properties of polymers, such as elevated thermal and chemical confrontation and minimal water absorption, which enable them as the preferred choice for filter media engineering.

Based on end-user type - The market is segmented into municipal and industrial. The industrial segment is expected to lead the market in the coming five years. The other major subsegments, such as food & beverage, mining, chemical, and pharmaceutical, are the prime end-users of liquid filtration. The food & beverage segment is estimated to register the fastest stride. The rapidly growing population and fast urbanization, coupled with the changing lifestyles, have catapulted the progress of the food & beverage industry globally. The increasing demand for ready-to-eat food, processed & semi-processed food, and convenience food signifies ample growth opportunities for the food & beverage industry, which is bolstering the liquid filtration market.

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is estimated to be the fastest-growing market for liquid filtration globally.. This growth outlook is majorly attributed to the following-

• High demand from the chemical, municipal, mining, pharmaceutical, and food & beverage sectors.
• The necessity for liquid filtration is predominant in developing economies, such as China, India, and Indonesia.
• The growing urbanization and rapid industrialization are contributing to the rising demand for potable water, which in turn is driving the region's liquid filtration market in the municipal and industrial segments.
• The enactment of stringent environmental guidelines in developed as well as emerging countries is also a prime driver of the global market. North America and Europe are also expected to offer sizeable growth opportunities during the forecast period.

Liquid Filtration Market Drivers:

Some of the key drivers listed in the report are given below.

• High demand from the chemical, municipal, mining, pharmaceutical, and food & beverage sectors
• Increasing industrialization and urbanization
• Stringent protocols apropos to the release and handling of industrial and municipal waste

Top Companies in the Liquid Filtration Market:

Stratview Research has identified the following companies as the top market players.
• American Fabric Filter
• Ahlstrom-Munksjö
• Autotech Nonwovens
• Clear Edge Filtration Group
• Eaton Corporation
• Freudenberg Filtration Technologies
• Fibertex Nonwovens A/S
• Filtercorp International
• GKD Gebr
• Hollingsworth & Vose
• Kufferath AG

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Liquid Filtration Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Tangential Flow Filtration Market: https://stratviewresearch.com/1082/tangential-flow-filtration-market.html
• Nonwoven Filtration Market: https://stratviewresearch.com/3455/nonwoven-filtration-market.html

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This release was published on openPR.