INDUSTRIAL FILTRATION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Industrial Filtration Market Size and Forecast – 2024-2031

Global Industrial Filtration Market is estimated to be valued at USD 39.1 Bn in 2024 and is expected to reach USD 51.2 Bn by 2031, growing at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

Key Takeaways from the Industrial Filtration Market Report:

• Air & Gas filtration is expected to contribute the highest market share of 69.4% in 2024.
• Non-woven segment is expected to contribute the highest market share of 43.2% in 2024.
• Food & beverage is expected to contribute the highest market share of 45.5% in 2024.
• North America is a leading market expected to account for 39.1% market share in 2024.

Market Overview:

The industrial filtration market is set to expand at a moderate pace over the forecast period.  The industry growth is projected to witness a high demand for filtration systems from industries such as oil & gas, power generation, food & beverage, and pharmaceutical where these systems remove impurities from liquids and gases. Increasing environmental regulations regarding emissions and effluents will also contribute to the demand for industrial filtration solutions across various end-use industries.

Segmental Insights

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Type Insights: Filtration of Industrial Gases and Fumes Dominates the Type Segment

By Type, Air & Gas filtration is expected to contribute the highest market share of 69.4% in 2024 owing to stringent regulations and standards governing industrial emissions. Air and gas filtration is essential across various heavy industries such as power generation, manufacturing, and petrochemicals to filter out particulate matter, fumes, and other pollutants from industrial exhaust streams and process off-gases. Failure to adequately treat emissions can not only lead to significant financial penalties but also adversely impact worker health and safety. Furthermore, demand is being driven by rapid industrialization in emerging economies lacking proper pollution control infrastructure initially.

Filter Media Insights: Filtration Media Selection is Dictated by the Properties of Contaminants

Among filter mediums, non-woven segment is expected to contribute the highest market share of 43.2% in 2024 due to their versatility and ability to effectively trap a wide range of particulate sizes without blinding or cracking. Non-woven materials can be customized through parameters such as fiber composition and weave pattern to suit diverse filtration applications. Their primary roles include pre-filtering, deep-bed applications as well as clarification and polishing filters.

Application Insights: Food Safety Drives Strong Demand from Beverage and Food Industries

By application, food & beverage is expected to contribute the highest market share of 45.5% in 2024 as strict international standards ensure contaminant-free production. Microbial, particulate and chemical contamination pose health and regulatory risks in the food chain. Advanced filtration systems play a critical role in purifying process water, air conditioning systems and product streams. 

Regional Insights

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North America Industrial Filtration Market Trends

North America is a leading market expected to account for 39.1% market share in 2024. The growth can be attributed to the strong presence of manufacturing industries and strict government regulations around industrial emissions. Major industries such as automotive, chemicals and food and beverage have accelerated demand for filtration systems to meet quality standards. Additionally, Canada and the U.S. actively promote the adoption of advanced technologies to reduce environmental impact.

Asia Pacific Industrial Filtration Market Trends

The Asia Pacific region is poised to exhibit the fastest growth accounting for 35.6% market share in 2024. The growth is driven by rising industrialization across developing nations. Countries such as China, India and Vietnam are rolling out expansion plans to augment their manufacturing capacities in sectors such as electronics, machinery and construction materials. This rapid industrial growth has increased the need for filtration products that ensure workplace safety and emission control. Government initiatives to attract foreign investments have also encouraged global filtration companies to enter these fast-growing markets.

Industrial Filtration Market Outlook for Key Countries

United States Industrial Filtration Market Trends

The US industrial filtration market is experiencing significant changes driven by growing awareness of environmental sustainability and harmful pollutants. More factories are implementing stringent emissions standards to filter air and liquid waste before releasing it into the environment. This is being mandated by organizations like the EPA to curb industrial pollution and protect public health. As a result, industries are increasingly investing in advanced filtration systems to ensure they adhere to regulatory compliance.

China Industrial Filtration Market Trends

China's market experiences robust demand from a diversifying manufacturing base, aided by Made in China 2025. Existing factories are upgrading their outdated filtration equipment to meet new emission standards while new facilities incorporate the latest filtration solutions during construction. For instance, Midea Group's new automotive electronics mega-factory in Beijiao, Guangdong invested heavily in micro and nano filtration systems from companies like Donaldson, Pall and Mann+Hummel to purify air and water recycled within the facility. This helps minimize the factory's environmental impact and ensures workplace safety.

Germany Industrial Filtration Market Trends

Germany has witnessed a major push towards greater sustainability and environmental protection in recent years. stricter emission standards have been introduced for industrial facilities that require upgrades to filtration systems to effectively capture more particulate matter and other pollutants before they are released into the air or water systems.

India Industrial Filtration Market Trends

The industrial filtration market in India has been undergoing significant changes over the past few years due to evolving regulations and priorities. With growing awareness around environmental protection and public health, the government has introduced stringent emission control norms for various industries. The new emission standards mandated by the Central Pollution Control Board have put the onus on industrial units to curb air and water pollution at source.

Japan Industrial Filtration Market Trends

The trends of stringent emission norms and demand for optimized industrial processes have significantly influenced growth of Japan's industrial filtration market through 2024. In the upcoming years, major players are anticipated to introduce innovative offerings integrating latest filtration technologies to help industries comply with regulations and gain production benefits. While compliance will drive basic filtration adoption, optimization needs will push sophisticated smart filtration integration across sectors.

Market Players, Key Devlopment, and Competitive Intelligence

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Key Developments:

• In August 2024, Cleanova expanded its global presence by acquiring Sidco Filter Company and Shawndra Products.
• In July 2024, IDEX Corp announced its plan to acquire filtration products maker Mott Corp for USD one billion in cash, aiming to bolster its presence in the medical technologies industry.
• In October 2024, Solventum, a healthcare company recently spun off from 3M, began exploring the sale of its purification and filtration business, which reported about one billion in revenue in 2023.
• In September 2023, K&N Engineering unveiled an air filtration solution for industrial applications and data centers, aiming to reduce waste and energy utilization while maintaining high performance.
• In January 2024, Coway introduced the Airmega 100, a cylindrical air purifier designed for small areas, featuring a 360-degree air intake and a HEPA 3-stage filtration system to provide healthier indoor air.

Top Strategies Followed by Industrial Filtration Market Players:

• Established Players: Established Players focus heavily on research and development to drive product innovation.
• For instance, companies like Clarcor and Donaldson spend over 5% of their annual revenues on R&D. This allows them to continually launch high-performing filter media, housings and integrated systems. They also pursue strategic partnerships with major OEMs. For example, Mann+Hummel has long-term supply agreements with automotive giants like Volkswagen and Daimler. Such partnerships strengthen distribution networks and promote product adoption.
• Leading players additionally focus on global expansion into emerging economies. Parker Hannifin has expanded its presence across Asia Pacific and Latin America in the last five years through acquisitions and new facilities. This allows it to better serve growing international demand.
• Mid-Level Players: Mid-level players concentrate on providing cost-competitive alternatives.
• For instance, companies like Hollingsworth & Vose emphasize value engineering to meet budget constraints in various industries like energy and construction. They also form technology collaborations, like Lenntech working with Evoqua Water Technologies to bolster expertise in water filtration fields.
• Small Players: Smaller players often find success through niche specialization.
• For instance, Fibertex Personal Care develops ultra-fine fiber solutions for hygiene products catering to an underserved need. They also embrace new technologies quicker - ProcessFilter integrates 3D printing for rapid customized filter manufacturing. Local partnerships also aid market access as seen by Purolator partnering with regional OEMs in India and Mexico.

Emerging Startups in the Industrial Filtration Industry Ecosystem

• Innovation: Several startups are advancing innovative technologies, like Filter Sensing which developed smart sensors integrated into filters to enable remote monitoring. Their IIoT solutions could transform the industry by facilitating predictive maintenance. BioLargo's electrochemical treatments offer sustainable alternatives to traditional chemicals.
• Sustainable Solutions: Other startups focus on eco-friendliness. Aquafil uses recycled ocean plastics for water filters, diverting waste from landfills. FiberLean developed a natural fiber technology from agricultural byproducts as a renewable alternative to synthetic materials. Their approaches could lower overall industry carbon footprint over time.

Niche Specialization: Startups also target niche markets through novel approaches. Camfil's allergen filters address indoor air quality concerns, while SepLite's sewage treatment technologies service decentralized communities. Partnerships help startups gain traction - Fiberio works with Evonik on 3D printed filter prototypes applicable across industries. 

Market Report Scope

Market Dynamics

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Industrial Filtration Market Driver - Increasing Demand for Treated Water in Various End-Use Industries

The demand for industrial water filtration is closely tied to the need for clean and treated water across various end-use industries. Rapid industrialization and urbanization have significantly increased the consumption of water in sectors such as food and beverage processing, power generation, oil and gas, pharmaceuticals, and manufacturing. However, extraction of water from sources such as rivers, lakes, and groundwater has resulted in high contamination in varying concentrations. Untreated water causes operational issues and affects the quality of end products if used in industrial processes. Stringent regulations regarding discharge of wastewater have compelled industries to invest in advanced filtration systems that can remove solids, bacteria, and other impurities from water before use. This is to ensure the treated water meets prescribed quality standards.

Industrial Filtration Market Challenge - High Maintenance and Operational Costs of Filtration Systems

One of the key challenges faced by the industrial filtration market is the high maintenance and operational costs associated with filtration systems. Filtration systems require periodic replacements of filters which adds to operational expenditure. Regular cleaning and maintenance of filters is also essential to ensure optimum performance of filtration systems. However, maintaining large industrial filtration units involved significant time and resource investments. The costs associated with filter replacements, cleaning, and general upkeep negatively impact the total cost of ownership. Additionally, downtimes caused during maintenance cycles also reduce productivity. Advanced filtration technologies which promise lower lifecycle costs and minimal downtimes are yet to be adopted widely. Until such technologies become mainstream, high maintenance expenses will continue to hinder greater adoption of filtration systems across industries.

Industrial Filtration Market Opportunity: Emerging Applications of Filtration Systems in New Industries

The industrial filtration market is witnessing new growth opportunities arising from emerging applications in industries such as food & beverage, pharmaceuticals, and semiconductors. In the food & beverage industry, advanced filtration solutions are playing a key role in ensuring food safety and quality compliance. Nanofiltration and ultrafiltration systems provides an effective way to eliminate contaminants, retaining nutrients and enhancing process efficiency. Similarly, the pharmaceutical industry's stringent quality standards have bolstered demand for highly specialized filtration equipment in manufacturing areas such as water treatment and air treatment. The semiconductor industry is also relying more on particle filtration technology during critical manufacturing steps to achieve finer resolution in semiconductor wafers.

Analyst Opinion (Expert Opinion)

• The industrial filtration market is poised to experience steady growth over the coming years. The market is driven by stringent government regulations regarding industrial air and liquid pollution across major regions. Additionally, the increasing need for clean environments in various industrial sectors such as oil & gas, power generation, manufacturing, and chemicals will bolster demand for filtration solutions.
• However, the market may face some restraints in terms of high installation and maintenance costs of advanced filtration systems. This can discourage some small and medium enterprises. Fluctuations in raw material prices can also negatively impact the profits of market players.
• From a regional perspective, Asia Pacific is expected to dominate the global industrial filtration market owing to rising industrial activity, rapid industrialization, and strict norms regarding factory emissions. Within the region, China, India, and Southeast Asian countries will be the major revenue generators. North America will likely witness impressive gains due to stringent environmental rules imposed by the EPA on industrial facilities. Europe will remain another profitable area on account of the well-established manufacturing industry and focus on sustainability.
• In terms of technology, bag filters and cartridge dust collectors will continue experiencing high demand across diverse industries for controlling air pollution. Membrane filtration systems are poised to grow at a noteworthy pace owing to their advantages such as low operational costs and maintenance requirements.

Market Segmentation

• Type Insights (Revenue, USD Bn, 2019 - 2031)
• • Air & Gas Filtration
  • Liquid Filtration
• Filter Media Insights (Revenue, USD Bn, 2019 - 2031)
• • Non-woven
  • Metals
  • Activated Carbon
  • Combination Filters
  • Others
• Application Insights (Revenue, USD Bn, 2019 - 2031)
• • Food & Beverage
  • Power Generation
  • Chemicals & Petrochemicals
  • Others
• Regional Insights (Revenue, USD, 2019 - 2031)
• • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
  • Pall Corporation
  • Mott Corporation
  • Aqseptance Group
  • Universal Filtration
  • Alfa Laval Inc.
  • Donaldson Company, Inc.
  • Freudenberg Filtration Technologies SE & Co. KG
  • Mann + Hummel
  • Parker Hannifin Corp.
  • Filtration Group
  • Markel Corporation
  • Lydall, Inc.
  • Graver Technologies