Filtration & Separation Market by Type and End-User: Global Opportunity Analysis and Industry Forecast, 2019-2026

Executive Summary

According to the report titled 'Filtration & Separation Market by Type and End-User: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global filtration & separation market size was valued at $89.0 billion in 2018, and is projected to reach $116.1 billion by 2026, growing at a CAGR of 3.3% from 2019 to 2026.

By type, the gas and liquid segment garnered the largest share in the filtration & separation market in 2018. In addition, the expansion of HVAC and chemical industry throughout the globe especially in nations such as the U.S., China, and India, fuels the demand for filtration & separation. The manufacturers of filtration & separation are focusing on business expansion and new projects as a strategy to increase their filtration & separation market shares. For instance, in October 2018, Donaldson Company, Inc. announced the acquisition of BOFA International Ltd., which sells fume extraction technology systems to various industries. The acquisition was meant to be completed by the end of first quarter of 2019.

Currently, by end-user, the water and wastewater segment have garnered significant market share in 2018, owing to government regulations such as Clean Water Act (CWA) to control water pollution. In addition, based on type, the air segment is expected to exhibit significant growth during the forecast period. In terms of region, North America, and Asia-Pacific collectively contributed around 69.8% of shares in the global filtration & separation market in 2018.

According to Amar Chinchane, Lead Analyst, Construction and Manufacturing, “The filtration & separation market has witnessed significant growth over the past decade, owing to the rise in investment in HVAC industry especially in the North America, and Asia-Pacific region. A number of players are expanding their business around the globe, owing to increased customer base, enhanced effective operations, developed product portfolios, and expanded geographical reach. This is anticipated to fuel the demand for the wellhead equipment. Furthermore, by end-user, the life sciences segment is expected to grow in the near future due to growing pharmaceutical industry around the globe.

The key market players profiled in the filtration & separation market report include Ahlstrom-Munksjö, Alfa Laval, Donaldson, Eaton, Freudenberg, Lydall, Inc., Mann+Hummel, Pall Corporation, Parker Hannifin Corporation, and Porvair Plc. The major players operating in the global filtration & separation market have adopted key strategies such as acquisitions, product launch and business expansion, to strengthen their market outreach and sustain the stiff competition in the filtration & separation market. For instance, in November 2017, Ahlstrom-Munksjö Oyj launched Trinitex Advance W3000 filtration media, specifically designed for pulse jet gas turbine applications. The product offers particulate air (EPA) efficiency that provides better protection to the gas turbines.

KEY FINDINGS OF THE STUDY

• Depending on type, the gas and liquid segment dominated the filtration & separation market, in terms of revenue in 2018 and air is projected to grow at a CAGR 3.7% during the forecast period.
• By end-user, the water and wastewater segment led the filtration & separation market in 2018.
• North America is projected to register the highest growth rate in the coming years.
• The key market players within the filtration & separation market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the filtration & separation industry.
• The report provides an extensive analysis of the filtration & separation market trends and emerging opportunities of the filtration & separation market.
• In-depth filtration & separation market analysis is conducted by constructing estimations for the key segments between 2018 and 2026.

Companies Mentioned

• Ahlstrom-Munksjö
• Alfa Laval
• Donaldson
• Eaton
• Freudenberg
• Lydall Inc.
• Mann+Hummel
• Pall Corporation
• Parker Hannifin Corporation
• Porvair Plc.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.