In a recent published report, Kenneth Research has updated the market report for Liquid Filtration Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Liquid Filtration Market products.
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The liquid filtration market was valued at USD 1.82 billion by 2017, growing with 6.7% CAGR during the forecast period, 2018-2025.
Separation of solids from liquid by passing the contaminated liquid through a filter is called liquid filtration. Contamination of soil and water is paving the growth of global filtration market. Besides, there is a high filtration demand in several sectors. It includes food processing, pharmaceuticals, and chemicals. Hence, a boost in the demand for liquid filtration technology is a projected during the foreseen period.
The global liquid filtration industry will also grow due to the advancement in technologies. The growth will facilitated through the increase of industrialization throughout the world. For example, Viledon water solutions combined with Aqua Biotechnology. It uses membrane bioreactors to separate the biomass generated in the biological process. The water quality generated in the process is fit for environmental use.demand of renewable energy sources is the main restraint of the market.
Multifilament polypropylene fabrics dominated the global market. Thanks to its unique filtration properties and high resistance to organic acids. Hence, there will be a boost in the market during the forecast period. You can use it to produce resistant fiber for concrete, filter cloth, and tissue belt.
There will be a large growth in the nonwoven polyester and monofilament polypropylene fabrics. Price variation and quality are the main reasons for it. Making it more convenient than polypropylene felt and multifilament polypropylene fabric. The monofilament mesh (aperture of > 250 microns) has two variants. They are available in polyester and nylon. Due to its low price and high availability, it will grow at a strong CAGR of over 4.0% during the study period.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Waste water treatment has a significant market share. Followed by sludge dewatering due to strict government regulations. For instance, waste water discharges from the pharmaceutical industries, food, and chemical mining. The pharmaceutical industry has a high demand for the pure quality final product, and filter media. This, will, in turn, drive the market growth. Food processing will witness above-average growth during the projected period. Increase in population, better living standards, and surging demand for food products will boost demand for liquid filtration technology in the food processing industries.
The Asia Pacific had the largest participation. It will dominate the global market owing to the increasing industrialization in India, China, and Japan. Regulation related to carbon emissions and pollution will also boost this technology demand. Growing demand for filters in the automotive sector will also boost the regional growth.
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North America and Europe have strict regulations and procedures for the treatment of waste water. Therefore, it will feed the market during the forecast period. The United States Environmental Protection Agency (US EPA) and the European Environment Agency (EEA) implemented strict regulations related to drinking water, supporting this industry growth.
Key Vendor Takeaway
The global liquid filtration market is competitive. Presence of several domestic and international companies makes the market vibrant. Indigenous companies provide filter media at a reasonable price. Companies are engaged in developing new and innovative products to attract large customers. For instance, Lydall has developed a LyPore filter, which is having a small diameter and a microfiber glass media. It has better capacity of holding effluents than synthetic filters and cellulose.
The main companies that manufacture liquid filters are:
Khosla Profil Pvt Ltd
The Kraissl Company
Shelco Filters and Genesis Filtration Inc.
Industrial Filter Manufacturing Limited
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year – 2014 & 2016
Base Year – 2017
Estimated Year – 2018
Projected Year – 2025
Traders, Distributors, and Suppliers
Government and Regional Agencies and Research Organizations
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCT
Nonwoven Polyester Felt
Multifilament Polypropylene Fabrics
Nonwoven Polypropylene Felt
Monofilament Plypropylene Fabrics
MARKET, BY APPLICATION
Waste Water Treatment
MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of the World
The Middle East and Africa
About Kenneth Research
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