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Industrial Filters Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030

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    Report

  • 116 Pages
  • August 2022
  • Region: Global
  • Acute Market Reports
  • ID: 5724528
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Overview:

The industrial filters market is expected to reach US$ 5.79 Bn in 2030, growing at a CAGR of 5.09% during the forecast period from 2022 to 2030. Industrial filters find its applications in many industries such as food & beverages, mining, chemical, pharmaceutical, and power etc. They are used for cleaning and treating industrial oil, liquid, gases and water and also for removing dust and dirt in chemical and pharmaceutical industries and several others. Therefore industrial filters are used to keep environment clean and reduce wear and tear of machinery. Rapid industrialization coupled with growing urbanization has risen the demand for industrial filters which in turn is expected to drive the industrial filters market during the forecast period.

Globally there is rapid growth in industrialization. It influenced the growth of power generation and mining industry. This has demanded sustainable development for environmental cause. Industrial filters can be used for processed water, waste water treatment and for clean air and oil filtration. This has influenced the market of industrial filters in recent years.

Rapid industrialization also turning urbanization at fast rate. As of 2018, around 4.196 Bn people (55.2% of total world population) is accounted as urban population. Rapid urbanization has rising demand for clean energy, pure water, and increased food supply. In these industries, industrial filters are mainly used for filtration of water, oil and for clean air. Growth of automotive and food & beverages industries has influenced the demand for industrial filters which in turn driving the industrial filters market globally.

Filters with Liquid Media recorded the Largest Market Share in 2020

In 2020, liquid media filters registered the largest share in the market. It accounts more than 35% share in industrial filters market. It finds its applications in industries such as food & beverages, pharmaceuticals, power, chemical, and mining, etc., among others. In addition, strict laws for treating industrial and municipal waste have also influenced the demand for liquid filters.

Furthermore, degrading air quality along with global warming have forced countries to form laws for reducing air pollution. Government initiatives (such as UK;s Clean Air Strategy, 2019;) for improving air quality also encouraged the demand for air filters. It is expected that the market share of air filters to speed up during the forecast period.

Asia Pacific Garnered Largest Market Share in 2020

In 2020, Asia Pacific led the industrial filters market worldwide. The region is expected to witness considerable growth during the forecast period. Asia is the fastest-growing economic region. Rapid industrialization in countries such as China, India and countries of ASEAN group has triggered the demand for industrial filters in Asia Pacific. In addition to this, strict environment laws for waste management (such as India;s Waste Management Rules, 2016;) are supporting the demand for industrial filters in Asia Pacific.

Competitive Insights

Major players profiled in industrial filters market include Pall Corporation, Alfa Laval AB, 3M, Eaton Corporation Plc, Mann+Hummel Group, Cummins Filtration Inc., Ahlstrom-Munksjo Oyj, ClearEdge Filtration Group Corporation, Nordic Air Filtration, Fibertex Nonwovens A/S, Sefar AG, Freudenberg Filtration Technologies, and Sandler AG, etc. among others. These companies are adopting several strategies such as acquisition and new product launch for gaining larger market share. For instance, in February 2018, Fibertex Nonwovens A/S has acquired DUCI, the nonwoven manufacturer of Brazil. This acquisition will help the company to grow its business in South American automotive market. Moreover, in July 2018, Pall Corporation has introduced their new filter rated at 5 nm with PTFE media. PTFE media is ideal for lithography solvent. The new filter offers improved pressure drop and cleanliness properties than older lithographic filter material.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Industrial Filters market are as follows:
  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Industrial Filters market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

Media

  • Air
  • Liquid
  • Gas

End-use Industry

  • Food and Beverages
  • Metal and Mining
  • Chemical
  • Pharmaceutical
  • Automotive
  • Power
  • Petroleum
  • Others

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Industrial Filters market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2030.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Industrial Filters market?
  • Which is the largest regional market for Industrial Filters market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Industrial Filters market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Industrial Filters market worldwide?


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Table of Contents

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted

2. Executive Summary
2.1. Market Snapshot: Global Industrial Filters Market
2.2. Global Industrial Filters Market, By Media, 2021 (US$ Million)
2.3. Global Industrial Filters Market, By End-use Industry, 2021 (US$ Million)
2.4. Global Industrial Filters Market, By Geography, 2021 (US$ Million)
2.5. Attractive Investment Proposition by Geography, 2021

3. Industrial Filters Market: Competitive Analysis
3.1. Market Positioning of Key Industrial Filters Market Vendors
3.2. Strategies Adopted by Industrial Filters Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2021 Versus 2030

4. Industrial Filters Market: Macro Analysis & Market Dynamics
4.1. Introduction
4.2. Global Industrial Filters Market Value, 2020 - 2030, (US$ Million)
4.3. Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Key Challenges
4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis

5. Industrial Filters Market: By Media, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Air
5.3.2. Liquid
5.3.3. Gas

6. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2021 Versus 2030
6.3. Market Segmentation
6.3.1. Food and Beverages
6.3.2. Metal and Mining
6.3.3. Chemical
6.3.4. Pharmaceutical
6.3.5. Automotive
6.3.6. Power
6.3.7. Petroleum
6.3.8. Others

7. North America Industrial Filters Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. Industrial Filters Market: By Media, 2020-2030, USD (Million)
7.3. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)
7.4.Industrial Filters Market: By Region, 2020-2030, USD (Million)
7.4.1.North America
7.4.1.1. U.S.
7.4.1.1.1. Industrial Filters Market: By Media, 2020-2030, USD (Million)
7.4.1.1.1. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)
7.4.1.2. Canada
7.4.1.2.1. Industrial Filters Market: By Media, 2020-2030, USD (Million)
7.4.1.2.1. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)
7.4.1.3. Rest of North America
7.4.1.3.1. Industrial Filters Market: By Media, 2020-2030, USD (Million)
7.4.1.3.1. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)

8. UK and European Union Industrial Filters Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. Industrial Filters Market: By Media, 2020-2030, USD (Million)
8.3. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)
8.4.Industrial Filters Market: By Region, 2020-2030, USD (Million)
8.4.1.UK and European Union
8.4.1.1. UK
8.4.1.1.1. Industrial Filters Market: By Media, 2020-2030, USD (Million)
8.4.1.1.1. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)
8.4.1.2. Germany
8.4.1.2.1. Industrial Filters Market: By Media, 2020-2030, USD (Million)
8.4.1.2.1. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)
8.4.1.3. Spain
8.4.1.3.1. Industrial Filters Market: By Media, 2020-2030, USD (Million)
8.4.1.3.1. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)
8.4.1.4. Italy
8.4.1.4.1. Industrial Filters Market: By Media, 2020-2030, USD (Million)
8.4.1.4.1. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)
8.4.1.5. France
8.4.1.5.1. Industrial Filters Market: By Media, 2020-2030, USD (Million)
8.4.1.5.1. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)
8.4.1.6. Rest of Europe
8.4.1.6.1. Industrial Filters Market: By Media, 2020-2030, USD (Million)
8.4.1.6.1. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)

9. Asia Pacific Industrial Filters Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. Industrial Filters Market: By Media, 2020-2030, USD (Million)
9.3. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)
9.4.Industrial Filters Market: By Region, 2020-2030, USD (Million)
9.4.1.Asia Pacific
9.4.1.1. China
9.4.1.1.1. Industrial Filters Market: By Media, 2020-2030, USD (Million)
9.4.1.1.1. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)
9.4.1.2. Japan
9.4.1.2.1. Industrial Filters Market: By Media, 2020-2030, USD (Million)
9.4.1.2.1. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)
9.4.1.3. India
9.4.1.3.1. Industrial Filters Market: By Media, 2020-2030, USD (Million)
9.4.1.3.1. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)
9.4.1.4. Australia
9.4.1.4.1. Industrial Filters Market: By Media, 2020-2030, USD (Million)
9.4.1.4.1. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)
9.4.1.5. South Korea
9.4.1.5.1. Industrial Filters Market: By Media, 2020-2030, USD (Million)
9.4.1.5.1. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)
9.4.1.6. Rest of Asia Pacific
9.4.1.6.1. Industrial Filters Market: By Media, 2020-2030, USD (Million)
9.4.1.6.1. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)

10. Latin America Industrial Filters Market, 2020-2030, USD (Million)
10.1. Market Overview
10.2. Industrial Filters Market: By Media, 2020-2030, USD (Million)
10.3. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)
10.4.Industrial Filters Market: By Region, 2020-2030, USD (Million)
10.4.1.Latin America
10.4.1.1. Brazil
10.4.1.1.1. Industrial Filters Market: By Media, 2020-2030, USD (Million)
10.4.1.1.1. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)
10.4.1.2. Mexico
10.4.1.2.1. Industrial Filters Market: By Media, 2020-2030, USD (Million)
10.4.1.2.1. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)
10.4.1.3. Rest of Latin America
10.4.1.3.1. Industrial Filters Market: By Media, 2020-2030, USD (Million)
10.4.1.3.1. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)

11. Middle East and Africa Industrial Filters Market, 2020-2030, USD (Million)
11.1. Market Overview
11.2. Industrial Filters Market: By Media, 2020-2030, USD (Million)
11.3. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)
11.4.Industrial Filters Market: By Region, 2020-2030, USD (Million)
11.4.1.Middle East and Africa
11.4.1.1. GCC
11.4.1.1.1. Industrial Filters Market: By Media, 2020-2030, USD (Million)
11.4.1.1.1. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)
11.4.1.2. Africa
11.4.1.2.1. Industrial Filters Market: By Media, 2020-2030, USD (Million)
11.4.1.2.1. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)
11.4.1.3. Rest of Middle East and Africa
11.4.1.3.1. Industrial Filters Market: By Media, 2020-2030, USD (Million)
11.4.1.3.1. Industrial Filters Market: By End-use Industry, 2020-2030, USD (Million)

12. Company Profile
12.1. Pall Corporation
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Product Portfolio
12.1.4. Strategic Initiatives
12.2. Alfa Laval AB
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Portfolio
12.2.4. Strategic Initiatives
12.3. 3M
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Portfolio
12.3.4. Strategic Initiatives
12.4. Eaton Corporation Plc
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Portfolio
12.4.4. Strategic Initiatives
12.5. Mann+Hummel Group
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Portfolio
12.5.4. Strategic Initiatives
12.6. Cummins Filtration Inc.
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Portfolio
12.6.4. Strategic Initiatives
12.7. Ahlstrom-Munksjo Oyj
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Portfolio
12.7.4. Strategic Initiatives
12.8. ClearEdge Filtration Group Corporation
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Portfolio
12.8.4. Strategic Initiatives
12.9. Nordic Air Filtration
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Portfolio
12.9.4. Strategic Initiatives
12.10. Fibertex Nonwovens A/S
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Portfolio
12.10.4. Strategic Initiatives
12.11. Sefar AG
12.11.1. Company Overview
12.11.2. Financial Performance
12.11.3. Product Portfolio
12.11.4. Strategic Initiatives
12.12. Freudenberg Filtration Technologies
12.12.1. Company Overview
12.12.2. Financial Performance
12.12.3. Product Portfolio
12.12.4. Strategic Initiatives
12.13. Sandler AG
12.13.1. Company Overview
12.13.2. Financial Performance
12.13.3. Product Portfolio
12.13.4. Strategic Initiatives

List of Figures
Figure 1 Global Industrial Filters Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global Industrial Filters Market: Quality Assurance
Figure 5 Global Industrial Filters Market, By Media, 2021
Figure 6 Global Industrial Filters Market, By End-use Industry, 2021
Figure 7 Global Industrial Filters Market, By Geography, 2021
Figure 8 Market Geographical Opportunity Matrix - Global Industrial Filters Market, 2021
Figure 9 Market Positioning of Key Industrial Filters Market Players, 2021
Figure 10 Global Industrial Filters Market - Tier Analysis - Percentage of Revenues by Tier Level, 2021 Versus 2030
Figure 11 Global Industrial Filters Market, By Media, 2021 Vs 2030, %
Figure 12 Global Industrial Filters Market, By End-use Industry, 2021 Vs 2030, %
Figure 13 U.S. Industrial Filters Market (US$ Million), 2020 - 2030
Figure 14 Canada Industrial Filters Market (US$ Million), 2020 - 2030
Figure 15 Rest of North America Industrial Filters Market (US$ Million), 2020 - 2030
Figure 16 UK Industrial Filters Market (US$ Million), 2020 - 2030
Figure 17 Germany Industrial Filters Market (US$ Million), 2020 - 2030
Figure 18 Spain Industrial Filters Market (US$ Million), 2020 - 2030
Figure 19 Italy Industrial Filters Market (US$ Million), 2020 - 2030
Figure 20 France Industrial Filters Market (US$ Million), 2020 - 2030
Figure 21 Rest of Europe Industrial Filters Market (US$ Million), 2020 - 2030
Figure 22 China Industrial Filters Market (US$ Million), 2020 - 2030
Figure 23 Japan Industrial Filters Market (US$ Million), 2020 - 2030
Figure 24 India Industrial Filters Market (US$ Million), 2020 - 2030
Figure 25 Australia Industrial Filters Market (US$ Million), 2020 - 2030
Figure 26 South Korea Industrial Filters Market (US$ Million), 2020 - 2030
Figure 27 Rest of Asia Industrial Filters Market (US$ Million), 2020 - 2030
Figure 28 Brazil Industrial Filters Market (US$ Million), 2020 - 2030
Figure 29 Mexico Industrial Filters Market (US$ Million), 2020 - 2030
Figure 30 Rest of Latin America Industrial Filters Market (US$ Million), 2020 - 2030
Figure 31 GCC Industrial Filters Market (US$ Million), 2020 - 2030
Figure 32 Africa Industrial Filters Market (US$ Million), 2020 - 2030
Figure 33 Rest of Middle East and Africa Industrial Filters Market (US$ Million), 2020 - 2030

List of Tables
Table 1 Global Industrial Filters Market By Media, 2020-2030, USD (Million)
Table 2 Global Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
Table 3 North America Industrial Filters Market By Media, 2020-2030, USD (Million)
Table 4 North America Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
Table 5 U.S. Industrial Filters Market By Media, 2020-2030, USD (Million)
Table 6 U.S. Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
Table 7 Canada Industrial Filters Market By Media, 2020-2030, USD (Million)
Table 8 Canada Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
Table 9 Rest of North America Industrial Filters Market By Media, 2020-2030, USD (Million)
Table 10 Rest of North America Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
Table 11 UK and European Union Industrial Filters Market By Media, 2020-2030, USD (Million)
Table 12 UK and European Union Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
Table 13 UK Industrial Filters Market By Media, 2020-2030, USD (Million)
Table 14 UK Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
Table 15 Germany Industrial Filters Market By Media, 2020-2030, USD (Million)
Table 16 Germany Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
Table 17 Spain Industrial Filters Market By Media, 2020-2030, USD (Million)
Table 18 Spain Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
Table 19 Italy Industrial Filters Market By Media, 2020-2030, USD (Million)
Table 20 Italy Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
Table 21 France Industrial Filters Market By Media, 2020-2030, USD (Million)
Table 22 France Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
Table 23 Rest of Europe Industrial Filters Market By Media, 2020-2030, USD (Million)
Table 24 Rest of Europe Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
Table 25 Asia Industrial Filters Market By Media, 2020-2030, USD (Million)
Table 26 Asia Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
Table 27 China Industrial Filters Market By Media, 2020-2030, USD (Million)
Table 28 China Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
Table 29 Japan Industrial Filters Market By Media, 2020-2030, USD (Million)
Table 30 Japan Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
Table 31 India Industrial Filters Market By Media, 2020-2030, USD (Million)
Table 32 India Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
Table 33 Australia Industrial Filters Market By Media, 2020-2030, USD (Million)
Table 34 Australia Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
Table 35 South Korea Industrial Filters Market By Media, 2020-2030, USD (Million)
Table 36 South Korea Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
Table 37 Latin America Industrial Filters Market By Media, 2020-2030, USD (Million)
Table 38 Latin America Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
Table 39 Brazil Industrial Filters Market By Media, 2020-2030, USD (Million)
Table 40 Brazil Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
Table 41 Mexico Industrial Filters Market By Media, 2020-2030, USD (Million)
Table 42 Mexico Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
Table 43 Rest of Latin America Industrial Filters Market By Media, 2020-2030, USD (Million)
Table 44 Rest of Latin America Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
Table 45 Middle East and Africa Industrial Filters Market By Media, 2020-2030, USD (Million)
Table 46 Middle East and Africa Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
Table 47 GCC Industrial Filters Market By Media, 2020-2030, USD (Million)
Table 48 GCC Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
Table 49 Africa Industrial Filters Market By Media, 2020-2030, USD (Million)
Table 50 Africa Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)
Table 51 Rest of Middle East and Africa Industrial Filters Market By Media, 2020-2030, USD (Million)
Table 52 Rest of Middle East and Africa Industrial Filters Market By End-use Industry, 2020-2030, USD (Million)

Companies Mentioned

  • Pall Corporation
  • Alfa Laval AB
  • 3M
  • Eaton Corporation Plc
  • Mann+Hummel Group
  • Cummins Filtration Inc.
  • Ahlstrom-Munksjo Oyj
  • ClearEdge Filtration Group Corporation
  • Nordic Air Filtration
  • Fibertex Nonwovens A/S
  • Sefar AG
  • Freudenberg Filtration Technologies
  • Sandler AG

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