According to the latest report by Reports and Data, the global liquid filtration market had a size of USD 2.54 Billion in 2021 and is expected to exhibit a revenue compound annual growth rate (CAGR) of 6.60% over the forecast period. The growth in the market is driven by various factors such as rapid urbanization and industrialization, strict regulations for effective industrial waste treatment, and increasing pollution levels in ground and surface water.
Industrial facilities and small business entities generate a significant amount of pollutants in wastewater streams, which creates demand for industrial water filtration systems as part of process water or tertiary wastewater treatment system applications.
Additionally, global waste creation has increased considerably in recent years, with no signs of slowing down. The worldwide municipal solid waste output is expected to increase by about 70% by 2050, owing to factors such as urbanization, population expansion, industrialization, building, economic growth, and consumer spending habits.
The increasing generation of waste is causing growing concerns and a growing demand for liquid filtering systems. The polymer segment is projected to have significant revenue growth during the forecast period, owing to its flexibility, ease of handling, and cost-effectiveness over inorganic membranes made of metals, oxides, and ceramics.
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Companies profiled in the market report include Alkegen, Ahlstrom, Valmet, Freudenberg Filtration Technologies GmbH Co. KG, Sefar AG, MANN+HUMMEL, Johns Manville, Sandler, KCWW and Fibertex Nonwovens A/S
North America held the highest revenue share in the global liquid filtration market in 2021 due to expanding sectors such as food and beverage (FB), chemical, and pharmaceutical, among others, as well as growing concern about soil and water quality. Finally, Freudenberg, a global producer of air and liquid filtration technologies, launched a high-performance fuel cell filter for Sentient Labs' first zero-emission bus, which operates on hydrogen, and micronAir filters help fuel cells work even in harsh weather and when exposed to contaminants like ammonia.
Factors Affecting of Liquid Filtration Market
The global liquid filtration market is influenced by several factors, including:
- Rapid Urbanization and Industrialization: As urbanization and industrialization continue to increase, the demand for liquid filtration systems grows to manage and treat wastewater generated by various industries and municipalities.
- Stringent Regulations: The stringent regulations for effective industrial waste treatment, discharge, and environmental protection set by governing bodies across the world are driving the demand for liquid filtration systems.
- Rising Pollution Levels: Increasing pollution levels in ground and surface water are causing growing concerns and creating demand for liquid filtration systems to treat and purify water.
- Increasing Waste Generation: The increasing generation of waste from various industries and municipalities is causing growing concerns, which are driving the demand for liquid filtration systems to manage and treat wastewater.
- Advancements in Filter Technology: The advancements in filter technology, including the development of nanofiber technology and the use of hybrid membranes, are driving the demand for liquid filtration systems that can remove even the smallest particles and pollutants from water.
- Growing Awareness of Water Scarcity: The growing awareness of water scarcity due to increasing urbanization, population growth, and climate change is driving the demand for liquid filtration systems to conserve water and ensure its efficient use.
- Increasing Demand from End-Use Industries: The increasing demand for liquid filtration systems from various end-use industries such as food and beverage, pharmaceutical, and chemical is driving market growth.
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- For the purpose of this report, Reports and Data has segmented the global liquid filtration industry into Fabric Material Outlook,ย Filter Media,ย End-User Outlook, Regional Outlook:
Fabric Material Outlook (Revenue, USD Billion; 2019-2030)
- Aramid
- Cotton
- Polymer
- Metal
Filter Media Outlook (Revenue, USD Billion; 2019-2030)
- Non-Woven
- Woven
- Mesh
End-User Outlook (Revenue, USD Billion; 2019-2030)
- Industrial treatment
- Municipal treatmentย
Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
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