Industrial Filtration Market Size to Reach USD 48.52 Billion by 2026; Rising Health Awareness and Increasing Popularity of Organic Food will Augment Growth

The global industrial filtration market size is expected to reach USD 48.52 billion by 2026 attributed to the increasing need for pure water, clean energy, advanced medical services, and safe food supplies. A clinical separation technique for removing impurities and adding a barrier layer system between the fluid flow and airflow is called filtration. This process is conducted by many industries including metals and mining, pharmaceuticals, petrochemicals and chemicals, the increasing demand from which will act as the major market driver. Fortune Business Insights™ in their recent report titled, “Industrial Filtration Market Size, Share & Industry Analysis, By Type (Air & Gas Filtration, and Liquid Filtration), By Filter Media (Activated Carbon, Fiberglass, Nonwovens, Metals, Filterpaper, and Combination Filters & Others), By Application (Food & Beverage, Power Generation, Semiconductors & Electronics, Chemicals & Petrochemicals, Healthcare, Metals & Mining, Paper & Paints, and Others), and Regional Forecast, 2019-2026,” predicts the market to rise from USD 34.79 billion in 2018 at a CAGR of 4.3% during the forecast period, 2019 to 2026.

Apollo to Partner with Freudenberg Group for Air Filtration Services in China

A majority of shares belonging to Apollo Air Cleaner Co., Ltd was acquired by the Technologies Business Group by Freudenberg Filtration in April 2019. This joint venture aims to strengthen the position of both companies in the filtration solution market in China. Dr. Mohsen Sohi, the CEO of Freudenberg Group says, “The global market for Apollo filter products such as water treatment filters, room air purifier filters, and decentralized ventilation purifier, is anticipated to earn about 5 billion and above by the end of 2022, and all credit goes to the increasing demand about environmental awareness and the legislation demanding stringent regulations for environment protection. Such initiatives will bode well for the market in the forthcoming years.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/industrial-filtration-market-101206

Expansion of Healthcare and Pharmaceutical Industry to Bode Well for the Market

Industries such as healthcare, metal and mining, food and beverage, chemicals and materials, and others require to treat their outlets for reducing harmful gas and fume emissions into the environment. This stands as a major factor propelling the market growth. On the other side, the increasing awareness about healthcare and the importance of personal health is promoting the expansion of food processing industries that will augment the growth of the market in the future.

On the contrary, the substantial use of energy during industrial filtration processes including centrifugal filtration, and ultrafiltration processes will require a significant amount of energy. The increasing cost of energy for power generation and industrial activities may pose a major threat to the overall market growth. Nevertheless, the advancement of the healthcare industry and increasing demand for advanced industrial filtration systems will help create lucrative opportunities for the market in the coming years.

Players Adopting Collaborative Strategies to Gain Significant Market Shares

The competitive landscape of the market is semi-consolidated owing to the presence of many companies holding more than 50% of the industrial filtration market share. Players are investing heavily amounts into research and development of advanced filtration systems and are aiming to expand their business geographically. Companies are also engaging in mergers and acquisitions, contracts and agreements, and other collaborative efforts to attract high market revenue in the forthcoming years.

Key Industry Developments of this market include the following:

• December 2018 – Donaldson Company Inc. expanded its production facility in Wuxi, China by covering an area of 60,000 sq. The main objective behind this expansion is to add the company’s first Chinese-based liquid filtration manufacturing capability in Asia Pacific.

List of Significant Market Manufacturers are:

• Mott Corporation


• Universal Filtration


• Donaldson Company, Inc.


• Mann + Hummel


• Filtration Group


• Lydall, Inc.


• Ahlstrom-Munjskö


• American Air Filter Company, Inc.


• Hollingsworth & Vose Company


• Pall Corporation


• Aqseptance Group


• Alfa Laval Inc.


• Freudenberg Filtration Technologies SE & Co. KG


• Parker Hannifin Corp.


• Markel Corporation


• Graver Technologies


• Dorstener Wire Tech


• 3M


• Other Players

Further Report Findings

• North America held the dominant industrial filtration market share with a revenue of USD 16. 28 Billion in 2018. This is attributed to heavy investments in research and development activities.


• With respect to segmentation by application, the market is dominated by the healthcare segment. However, the semiconductors and electronics segment earned a 6.6% share earned in 2018.

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