The global industrial filtration market is estimated to expand at 6.73% CAGR during the forecast period. Industrial filtration is used to remove solids from fluids in industries such as manufacturing, oil & gas, power generation, pharmaceuticals, and so on. They key advantages of using filters for industrial processes include asset and facility safety, improved product quality, and extended equipment life. Regulatory compliance in industries such as food & beverage and pharmaceuticals, among others has resulted in the growth of the industrial filtration market. Industrial filtration helps to improve reliability and safety of systems in various industrial processes. The COVID-19 Analysis of Industrial Filtration Market Report is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic.
The rising demand for industrial filtration is driven by stringent regulatory compliance and focus on safe working environment. For instance, food & beverage processors in US operate under stringent regulations formulated by The Food and Drug Administration (FDA), Safe Quality Foods (SQF), 3-A Sanitary Standards, Inc. (3-A), and so on. Asia-Pacific market for industrial filtration is estimated to witness high growth during the forecast period due to the rising investments in manufacturing & process industries where filtration is required.
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Industry Segmentation
The industrial filtration market is segmented on the basis of type, media, end-use industry, and region.
Based on type, the market is segmented into liquid filters and air filters. Liquid filters segment dominated the industrial filtration market due to rising for filtration of drinking water and treatment of wastewater.
Based on media, the market is segmented as Fiber Glass, Activated Charcoal/Carbon, Fiber Paper, Metal, Nonwoven Fabrics, and Others.
Based on end-use industry, the market is segmented into manufacturing, power generation, oil & gas, Pharmaceuticals, and others.
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Regional Outlook
Asia Pacific dominates the global industrial filtration market and is expected to dominate during the forecast period. Need for clean air facilities coupled with regulatory compliances is expected to drive the industrial filtration market in the region. China is the largest market for industrial filtration in Asia Pacific. The investments in manufacturing sector is expected to drive the industrial filtration market in China. The other countries such as India and Japan are estimated to be the key countries for the growth of industrial filtration market in Asia Pacific region. These countries are investing in power, oil & gas, and pharmaceutical industries in order to advance their economic growth, which in turn is expected to drive the industrial filtration market in Asia Pacific.
Leading Players
The key players of the global industrial filtration market are Cummins Filtration (US), Pall Corporation (US), Parker Hannifin (US), Mann+Hummel (US), Donaldson (US), 3M (US), Eaton (Ireland), Alfa Laval (Sweden), Parker Hannifin (US), Freudenberg Group (Germany), Lenntech (The Netherlands), and Camfil (Sweden).
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