The Liquid Filtration Market is estimated to be USD 1.90 billion in 2018 and projected to reach USD 2.54 billion by 2023, at a CAGR of 6.0%. Growing industrialization has led to rapid urbanization along with economic growth, globally. It has created a demand for industrial filters, as there is an upsurge in the air, liquid, and soil pollution. Liquid filtration is one of the markets with most growth potential, as it involves municipal water treatment, industrial water treatment, and industrial process applications. Developing and developed countries are major business hubs for liquid filtration.
Major companies operating in this market, such as Valmet (Finland), Clear Edge Filtration (US), Eaton Corporation (US), Lydall (US), Sefar AG (Switzerland), Sandler AG (Germany), GKD (Germany), Freudenberg Filtration Technologies (Germany), Fibertex Nonwoven (Denmark), and American Filter Fabrics (US), have adopted both organic and inorganic growth strategies such as new product launches, acquisitions, and expansions to serve their customers efficiently and increase their market shares.
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Multifilament fabrics is projected to be the largest segment among other filter media during the forecast period. They comprise textile strands and are strong and versatile. They are generally made of polyester, polyamide, aramid, polypropylene, and polyethylene stable fibers. They are used to produce mesh and knitted fabrics. These fabrics have various properties such as low-flammability, low shrinkage, antistatic, and UV resistivity, which make them a preferred choice for catering to filtration requirements.
By fabric material, the polymer segment is projected to lead the liquid filtration market, during the forecast period. It is the largest segment of liquid filtration, due to its application as a fabric material in the manufacturing of filter media. Various types of polymer such as polypropylene, polyester, and polyethersulfone are used for manufacturing filter media. Properties such as high thermal and chemical resistance, high tenacity, low water absorption, and others make polymer an ideal choice for filter media manufacturing.
By end users, the industrial segment is projected to lead the Liquid Filtration Market, during the forecast period. In the industrial segment, food & beverage is the largest industry for liquid filtration; water filtration is the primary application area for filter media in the food & beverage industry. Stringent disinfection and purification stipulations require advanced technology to be used in this industry. Appropriate filtration and purification techniques ensure high reusability rate for water, achieving zero liquid discharge (ZLD), production of high-quality final products, a reduction in production costs, and efficient management of wastewater.
APAC is estimated to lead the liquid filtration market during the forecast period, followed by North America, Europe, Middle East & Africa and South America. Growing population, increasing industrialization, and environmental regulations are the key factors attributed to the growth of the liquid filtration market in the region. China is the largest market for liquid filtration in APAC. It is also a significant producer and consumer of liquid filtration in the region, as it has a huge manufacturing base. However, the ongoing industrial activities in India and Southeast Asian countries are expected to drive the demand for liquid filtration in these countries during the forecast period. Therefore, the leading players, such as Valmet (Finland), Eaton (US), and Lydall (US), have established their sales office in the APAC region.
