The Industrial Filtration Market is estimated to be valued at US$ 51.2 Billion in 2031

A newly published report by Coherent Market Insights reveals a sustainable growth in opportunities in the industrial filtration market. Coherent Market Insights’ analyst projected the industrial filtration market is estimated to be valued at US$ 51.2 Bn in 2031 and is expected to exhibit a CAGR of 3.9% over the forecast period 2024 -2031.

Stringent regulations regarding pollution control across various industries drives market growth. Government bodies worldwide are implementing stringent norms and regulations to limit the emission of pollutants from manufacturing facilities. For instance, the Clean Air Act in the U.S. restricts the release of particulate matter and chemicals into the atmosphere.

Moreover, the growth of water and wastewater treatment industries is also fueling the demand for filtration systems. Various membrane filtration and activated carbon techniques are widely used to remove impurities from water in industrial applications.

Key Market Trends: Depth filtration is a key trend driving market growth. In depth filtration, particulate contaminants are retained throughout the depth of the filter media rather than just the top surface. Depth filters find wide usage in bottled water and food & beverage industries.

Cross-flow filtration systems: Another key trend is the rising demand for cross-flow filtration systems. In cross-flow filtration, the feed flow is passed tangentially over the surface of the membrane. This technique overcomes the issues of concentration polarization and cake layer formation seen in dead-end filtration. Cross-flow systems experience less fouling and require less frequent cleaning or replacement of membranes.

Industrial Filtration Market Opportunities: The air and gas filtration segment is expected to hold a significant share of the industrial filtration market during the forecast period. Growing manufacturing sector is also driving the demand for air and gas filtration systems to remove particulates and contaminants from industrial exhaust and ventilation systems. Various industries such as chemicals, power generation, food and beverage, and others heavily rely on air and gas filtration systems to maintain air quality within the workplaces.

The liquid filtration segment is also anticipated to witness promising growth during the forecast period. Rapid industrialization and a growing need to treat industrial wastewater are some of the major factors augmenting the demand for liquid filters in different end-use industries. Strict regulations regarding wastewater discharge standards are further compelling industries to invest in efficient liquid filtration systems.

Key Market Takeaways: The global industrial filtration market is anticipated to witness a CAGR of 3.9% during the forecast period 2024-2031. This is owing to stringent environmental regulations pushing industries to reduce pollution at sources.

On the basis of filter media, the non-woven segment is expected to hold a dominant position accounting for over 30% of the market share in 2031. This is due to its excellent filtration efficiency and low cost.

On the basis of application, the food & beverage segment is expected to hold a dominant position over the forecast period. This is due to stringent quality standards in the F&B industry regarding product and process contaminants.

North America is expected to hold a dominant position over the forecast period. This is due to stringent environmental regulations and advanced industrial sector in the region.

Competitor Insights: Key players operating in the industrial filtration market include, Pall Corporation,  Mott Corporation, Aqseptance Group, Universal Filtration, Alfa Laval Inc., Donaldson Company, Inc., Freudenberg Filtration Technologies SE & Co. KG, Mann + Hummel, Parker Hannifin Corp., Filtration Group.

Recent Developments: In July 2024, IDEX Corp announced a USD one billion acquistion of Mott Corp to expand its footprint in the medical technology market. Solvetum, a healthcare company split off from 3M in Ocotober 2024, began considering the sale of its purification and filtration division, which generated roughly $1billion in revenue in 2023. More Information is available in the full report, that can be found here.