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Transformative Trends Impacting the Liquid Filtration Market Landscape: Technological Advancement Driving Transformation In Telecom Billing And Revenue Management
Liquid Filtration Market
How Large Will the Liquid Filtration Market Size By 2025?
Recently, the size of the liquid filtration market has seen significant growth. Its value is projected to increase from $3.5 billion in 2024 to $3.73 billion in 2025, with a compound annual growth rate (CAGR) of 6.5%. Factors contributing to this growth during the historical period include industrial expansion, strict environmental rules, concerns over water shortage, health and safety regulations, the demand in the pharmaceutical manufacturing sector, and oil and gas exploration.
How Big Is the Liquid Filtration Market Size Expected to Grow by 2029?
The market size for liquid filtration is anticipated to witness robust growth in the coming years, expanding to a worth of $5.03 billion in 2029 with a CAGR of 7.8%. The expected growth during the projection period is due to factors such as growing awareness of the advantages of filtration, waste management efforts, surging population and urbanization trends, development in renewable energy, swift industrialization in new markets, emphasis on clean energy and initiatives towards a circular economy. Technological progress, increased customization and specialization, the integration of IoT and automation processes, a rising demand for membrane filtration, globalization, and market growth, along with a focus on energy efficiency, are the leading trends in the forecast period.
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Which Key Market Drivers Powering Liquid Filtration Market Expansion and Growth?
The escalating urban development and booming industrial sector are predicted to drive the growth of the liquid filtration market in the future. Urban development involves both the expansion of cities and a surge in the urban population, while industrialization is the transition from an agriculture-focused economy to one with a greater emphasis on manufacturing. Liquid filtration plays a crucial role in this process by ensuring improved drinking and sewage water systems capable of meeting the demands of progressive urban development and industrial expansion. For instance, data from the World Economic Forum in April 2022 indicated that over 4.3 billion individuals, equivalent to 55% of the global population, reside in urban areas, with projections expecting this figure to rise up to 80% by 2050. Moreover, a report published by the US Federal Reserve Board in July 2023 indicated that factory output had grown by 1.5% annually in the second quarter of 2023, boosted by a significant 36.7% increase in motor vehicle and parts production during this period. Consequently, the ongoing trend towards urbanization and the expansion of the industrial sector are fuelling the growth of the liquid filtration market.
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Which Fast-Growing Trends Are Poised to Disrupt the Liquid Filtration Market?
The liquid filtration market is witnessing a surge in technological innovations, which is a prominent trend. Several major corporations involved in the liquid filtration market are now using novel technologies to maintain their market position. For example, Amazon Filters, a British firm that specializes in creating filtration systems, rolled out a mechanical safety interlock for its leading process industry housings in April 2023. This safety addition is intended for users across multiple sectors including chemicals, water, pharmaceuticals, food and beverage, OEM, and oil and gas. The safety interlock is designed to deter operators from unlocking the filtration housing while under pressure, mitigating potential health and safety risks such as exposure to violently released substances and fluids. This level of enhanced safety is vital in industries where pressure-based filtration systems are frequently employed.
What Are the Emerging Segments in the Liquid Filtration Market?
The liquid filtration market covered in this report is segmented -
1) By Filter Media: Woven, Nonwoven, Mesh
2) By Fabric Material Type: Cotton, Polymer, Wool, Linen, Glass Fiber, Metals, Rayon, Other Materials
3) By End-User: Municipal Treatment, Industrial Treatment
Subsegments:
1) By Woven: Woven Fabrics, Woven Wire Cloth
2) By Nonwoven: Nonwoven Fabrics, Melt-Blown Nonwoven Materials
3) By Mesh: Stainless Steel Mesh, Nylon Mesh, Polyester Mesh
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Who Are the Global Leaders in the Liquid Filtration Market?
Major companies operating in the liquid filtration market are Clear Edge Filtration Inc., 3M Company, American Fabric Filter Company, Berry Global Inc., Donaldson Company Inc., Eagle Nonwovens Inc., Fibertex Nonwovens A/S, Freudenberg Filtration Technologies GmbH & Co. KG, Gebr. Kufferath AG, Kimberly-Clark Lever Private Limited, Lydall Inc., Sandler AG, Sefar AG, Valmet Technologies Private Limited, Amiad Water Systems Ltd., ANDRITZ Ltd., Boll Filter Corporation, Bwf Tec India Private Limited, The Camfil Group, Parker Hannifin Corporation, Eaton Corporation, ErtelAlsop LLC, Filter Products Company, Filtermist International Ltd., MAHLE GmbH, Graver Technologies LLC, GVS Group Ltd., Hengst SE, Krone Filter Solutions GmbH, LNS Filtration Inc., Filterwerk Mann+Hummel GmbH, Meissner Corp., Merck Co. & KGaA, Pall Corporation, Porvair PLC, Sartorius Stedim Biotech S.A., UFI Filters SpA
Which are the Top Profitable Regional Markets for the Liquid Filtration Industry?
North America was the largest region in the liquid filtration market in 2024. Asia-Pacific is expected to be the fastest-growing region in the liquid filtration market report during the forecast period. The regions covered in the liquid filtration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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