Liquid Filtration Market Set to Reach New Heights: Key Trends, Drivers and Opportunities| MarketsandMarkets™

May 03 18:25 2023
Liquid Filtration Market Set to Reach New Heights: Key Trends, Drivers and Opportunities| MarketsandMarkets™
Browse 65 Market Data Tables and 43 Figures spread through 131 Pages and in-depth TOC on “Liquid Filtration Market”
Liquid Filtration Market by Fabric Material (Polymer, Cotton, and Metal), Filter Media (Woven, Nonwoven, and Mesh), End-User (Municipal Treatment, Food & Beverage, Metal & Mining, Chemical, and Pharmaceutical), Region

The global liquid filtration market size is expected to witness high growth during the forecast period owing to strict environmental regulations to reduce water pollution. Liquid filtration is an important process among various industrial manufacturing processes as it helps in producing high-quality products. MarketsandMarkets projects the global liquid filtration market to grow from USD 2.1 billion in 2019 to USD 2.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 6.5% between 2019 and 2024. 

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Polymer is the fastest-growing fabric material in the liquid filtration market. This growth is attributed to its various physical properties, such as high strength, high thermal resistance, good resistance to most acids & chemicals, high tenacity, and low water absorption. These filter media are majorly used in chemical plants, fertilizer plants, pharmaceutical, food & beverage, metal & mining, oil & gas, and sewage treatment industries. 

Nonwoven filter media is the fastest-growing segment of the market. The properties of nonwoven filter media, such as high strength, versatile structure, and economical price, are majorly driving their demand. Nonwoven filter media is further classified into melt blown, needle felt, and others, which include spun bond and wet-laid. Among these types, needle felt filter media is projected to be the largest as well as fastest-growing type during the forecast period. 

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Food & beverage is the fastest-growing end-user segment in the liquid filtration market owing to the strict regulations and norms related to the disinfection and purification of water. There is a huge demand for filtration in the industry to keep food fresher, prolong food shelf life, prevent spoiling of beverages, and maintain the food processing equipment. The global food & beverage industry has witnessed healthy growth over the last ten years, which is expected to continue in the future. Growing population, increased spending capacity of consumers, curiosity to explore new types of food, and busy lifestyles in developed nations are the major factors driving the growth of this industry. This growth of the food & beverage industry is expected to boost the liquid filtration market further. 

APAC is the fastest-growing market of liquid filtration owing to the rapidly increasing population and industrialization in emerging economies such as China and India. The high demand from the food & beverage industry in the region will help the liquid filtration industry to grow. Water contamination is also a serious issue in this region due to environmental deterioration, high soil erosion, and occasional floods. Stringent government regulations regarding water pollution are expected to be favorable for the growth of the overall liquid filtration market.

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