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Liquid Filtration Market Growth Accelerates: Strategic Forecast Predicts $4.86 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Liquid Filtration Industry Market Size Be by 2025?
The size of the liquid filtration market has seen a continuous expansion in the past. The market value, projected to increase from $3.5 billion in 2024 to $3.67 billion in 2025, will grow at a compound annual growth rate (CAGR) of 4.8%. Factors such as industrial growth, rigorous environmental standards, concerns over water shortage, health and safety norms, pharmaceutical production requirements, and oil and gas prospecting have contributed to the growth during the historical period.
What's the Long-Term Growth Forecast for the Liquid Filtration Market Size Through 2029?
In the coming years, the liquid filtration market is set to experience robust growth, with an estimated valuation of $4.86 billion in 2029 and a compound annual growth rate (CAGR) of 7.3%. Factors contributing to this growth during the forecast period include heightened understanding of filtration merits, effective waste handling, population increase, urban development, emphasis on renewable energy, fast-tracked industrialization in emerging markets, and a focus on clean energy and circular economy measures. Key trends for the forecast period encompass technological advancements, personalization and specialty services, the incorporation of IoT and automation, a rising demand for membrane filtration, global integration and market growth, as well as an emphasis on energy efficiency.
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What Are the Key Growth Drivers Fueling the Liquid Filtration Market Expansion?
The growth of the liquid filtration market is anticipated to be driven by the increasing trend of urbanization and industrialization. Urbanization is a process that involves the expansion of cities and development of urban living, while industrialization is a shift in an economy from primarily agricultural to manufacturing-based. Liquid filtration plays a critical role by ensuring better quality of drinking water and sewage services to cater to the demands created by this growth in urbanization and industrialization, driving the liquid filtration market ahead. For example, data from the World Economic Forum, an independent organization based in Switzerland, stated in April 2022 that over 4.3 billion people, representing 55% of the global population, resided in urban areas, and this figure is predicted to increase to 80% by 2050. Moreover, a July 2023 report from the US Federal Reserve Board revealed that factory output rose by 1.5% yearly in the second quarter of 2023, propelled by a dramatic 36.7% increase in motor vehicle and parts production during the quarter. Consequently, the escalating rates of urbanization and industrialization are fueling the expansion of the liquid filtration market.
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What Are the Key Trends Driving Liquid Filtration Market Growth?
The liquid filtration market is experiencing a surge in adoption due to technological advancements. Key players in the market, such as Amazon Filters, a UK-based provider of filtration systems, are introducing innovative technologies to maintain their market position. An example of this is the launch of their mechanical safety interlock for prominent process industry housings in April 2023. This feature, intended to avert the filtration housing from being opened while still under pressure, offers a key safety measure by mitigating health and safety risks, such as the forceful release of substances and liquids. It is highly applicable in various sectors including chemicals, water, pharmaceuticals, food and beverages, OEM, oil, and gas, where the use of pressurized filtration systems is prevalent, underlining the significance of enhanced safety precautions.
How Is the Liquid Filtration Market Segmented?
The liquid filtrationmarket 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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Which Companies Are Leading the Charge in Liquid Filtration Market Innovation?
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 Regions Are Leading the Global Liquid Filtration Market in Revenue?
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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