Industrial Filtration Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024-2030)

Industrial Filtration Market Size

Industrial Filtration Market Trends & Drivers

Digitalization of Filtration Processes Is Key Trend

The digitalization of filtration equipment offers the industry a significant growth opportunity, by aiding in the continuous observation of industrial filters. These filters include sensors, which record air cleaners' load status and then provide service-related data to the plant operator. By preventing unexpected machine downtime, the digitalization process contributes significantly to effective maintenance planning. It is possible to replace sensor technology as and when required. Additionally, such technology is crucial for eliminating the possibility that these filters are used beyond their functional lives. Additionally, it gives machines a longer service life.

Further, the adoption of Industry 4.0 accelerates the digitalization of industrial filtration processes, which, in turn, aids manufacturers in efficiently tracking operational performance and gathering data that supports workflow automation.

Implementation of Stringent Regulations

Industries are required to install air and liquid filtering equipment as a result of the rigorous rules being implemented in response to the growing environmental concerns. The key driver for the market in this regard is the stringent limits set on GHG and particulate emissions and effluent discharge, which every industry must adhere to. Additionally, the policies adopted by many nations to address the issue of venting and flaring associated with upstream oil & gas operations are contributing to the expansion of the market.

The market is also expected to grow at a healthy rate throughout the projection period due to the implementation of worker safety and health laws in numerous countries. Numerous industrial air filtering laws have been put into place as a result of the rise of industrial facilities. For example, a federal law in the U.S., named The Clean Air Act, aims to reduce air pollution on a massive national scale. Similar to this, the European Commission proposed a clean air policy package in 2013 with the aim of reducing the effects of harmful pollutants by 2030.

Industrial Filtration Market Analysis

Non-Woven Fabric Contributes Major Share

The non-woven fabric category, based on filtration media, accounted for the largest revenue share, around 35%, in 2022, and it is further expected to maintain its dominance during 2022–2030. This is because non-woven fabrics are preferred by the pharmaceutical industry due to their low weight, reusability, durability, water resistance, and fire resistance. Additionally, they are commonly utilized in the mineral processing industry because of their intricate fiber arrangements, quick and inexpensive manufacturing, and numerous design options provided by the adaptability of the structure.

Moreover, the activated carbon/charcoal category held a significant revenue share in 2022. This is because this material is suitable for continuous-filtration operations because it is easily regenerable in situ, via heat and chemical treatment.

Chemicals & Petrochemicals Sector Significantly Contributes to Market

The chemicals & petrochemicals category accounted for the largest revenue share, of 40%, in 2022, and it is further expected to maintain its position during the forecast period. This is due to the fact that the manufacturing processes employed in this sector produce a variety of pollutants, which react with the equipment. Moreover, these chemical contaminants also pose a risk to the environment and employees, as well as carrying the possibility of cross-contamination with other materials, which lowers product quality.

Furthermore, the pharmaceuticals category will grow with a substantial CAGR in the coming years. This is because strict hygiene and safety requirements must be upheld to prevent the external contamination of medicines by both staff and the environment. Several enterprises may not be as concerned about the possibility of product contamination due to microbes, germs, and suspended airborne particles. However, contamination can render a product unsuitable for use and negatively impact the pharmaceutical industry's quality requirements, which is why it has emerged as a significant revenue contributor.

Liquid Category Accounts for Higher Revenue

The liquid category accounted for the larger revenue share, over 60%, in 2022, and it is further expected to maintain its dominance in the coming years. This can be attributed to the strict environmental laws that forbid pollutants from getting into water sources. The high cost of wastewater treatment facilities and the rising demand for clean water are the main factors driving the category. Thus, over the projection period, the demand for industrial filters may be influenced by the deployment of improved water treatment equipment and zero-discharge technologies.

Filter Presses Will Witness Fastest Growth in Demand

The filter press category will witness the fastest growth during the forecast period, with a CAGR of over 7%. This will be due to the fact that filter presses are extensively used in the food & beverage, metals & mining, pharmaceuticals, power generation, and industrial manufacturing sectors to collect undesired solid particles.

Moreover, the HEPA system category contributed significant revenue to the market in 2022. This is due to the existence of air filters with high effectiveness, which filter out the inorganic dust floating in the air, which includes bacteria, mold spores, viruses, dust mites, and pollen, which may cause serious harm. Instead of the flat fiberglass material used in conventional filters, HEPA variants use thick, pleated media, thus increasing the filtration surface area and filter life. In hospitals and clinics, HEPA filters are already the industry standard.

Geographical Analysis

North America accounted for the largest revenue share, of 45%, in 2022, and it is further expected to maintain its position during the prediction period. This is due to the rising environmental concerns, surging need for workplace safety in the industrial sector, government mandates to control emissions, and increasing R&D activities to provide cost-efficient solutions to owners of industrial facilities.

Additionally, industrial customers in this region utilize high-performance air filters for the effective removal of sub-micron particulates, in an effort to reduce health risks. In addition, the players are concentrating on reducing the pressure drop in air filters, which provides end users with substantial energy savings and, consequently, decreases the total expense of plant ownership.

Moreover,

• The U.S. contributed the majority of the revenue in 2022, and it is further set to maintain its dominance in the coming years. This is due to the presence of a huge number of industry players, well-established healthcare infrastructure, growing industrial activities, and mounting funding for industrial filtration startups and development of products with cutting-edge technology.

APAC is expected to be the fastest-growing region during the forecast period. This is due to the rapid industrialization and urbanization, rising preference for packaged food owing to the surging per capita income, high acceptance rate of industrial filters, digitalization of plant operations, growing need for wastewater treatment, and governments’ strict regulations regarding emission control.

Moreover,

• China, India, and South Korea significantly contribute to the regional market revenue. Among these, China contributes the highest revenue to the regional market because it is a hub for several industries, including electronics and industrial manufacturing, owing to low infrastructure and labor costs.
• Numerous pharmaceutical and food & beverage companies are establishing manufacturing facilities in the country to address local export and import demands.

Report Breakdown

Based on Type

• Liquid
  • Pressure filtration
  • Gravity filtration
  • Vacuum filtration
  • Centrifugal filtration
• Air
  • Mechanical
  • Electronic
  • Gas-Phase

Based on Filter Media

• Activated Carbon/Charcoal
• Fiberglass
• Filter Paper
• Metal
• Non-Woven Fabric

Based on Product

• Bag Filter
• Filter Press
• Cartridge Filter
• Depth Filter
• Drum Filter
• Electrostatic Precipitator
• ULPA Filter
• HEPA Filter

Based on Industry

• Food & Beverages
• Chemicals & Petrochemicals
• Power Generation
• Oil & Gas
• Pharmaceuticals
• Metal & Mining
• Automotive

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
• Asia-Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • South Africa

Top Industrial Filtration Companies