The "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 - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The global liquid filtration market size is expected to grow from USD 2.1 billion in 2019 to USD 2.9 billion by 2024, at a CAGR of 6.5% during the forecast period.
Stringent regulations related to the treatment of industrial waste are driving the overall liquid filtration market
The market is driven by various factors, such as stringent regulations related to treatment of municipal and industrial waste, urbanization, and growing industrialization. However, the increasing use of renewable energy sources is expected to restrain the growth of the market.
The polymer segment is expected to grow at the highest rate during the forecast period.
Polymer is the fastest-growing segment of the liquid filtration market, by fabric material. Polymers have better physical properties compared to other fabric materials. They also have the strongest resistance against acids and elevated temperatures up to 300F.
Nonwoven to be the fastest-growing filter media in the liquid filtration market during the forecast period
The liquid filtration industry has been segmented on the basis of type into three categories, namely, woven, nonwoven, and mesh. Nonwoven is the fastest-growing segment among these types. The nonwoven segment has been further segmented into needle felt, melt blown, and others. In 2018, needle felt filter media accounted for the largest market share owing to its good-strength elongation ratio and permeability characteristics.
The municipal treatment end-user is expected to account for the largest market share during the forecast period
The municipal treatment involves the filtration process, where water filters are used to remove the suspended materials and unsettled floc from the water. Increasing global population and urbanization are resulting in high volumes of municipal wastewater. The regulations for the treatment of effluent water are also becoming stringent with time.
APAC is expected to register the highest growth during the forecast period
APAC is expected to register the highest growth during the forecast period due to the increasing population and urbanization. The increasing developments in the municipal, food & beverage, metal & mining, chemical, and pharmaceutical industries in China, India, Japan, and Australia are providing huge growth opportunities for the liquid filtration market.
Market Dynamics
Drivers
- Stringent Regulations Pertaining to Emission and Treatment of Industrial and Municipal Waste
- Growing Industrialization and Urbanization
Restraints
- Emerging Alternatives and Demand for Renewable Energy Sources
Opportunities
- Increase in Wastewater Treatment Due to Depleting Freshwater Resources
Company Profiles
Key Companies
- Ahlstrom-Munksjo
- Lydall, Inc.
- Valmet
- Kimberly-Clark Corporation
- Freudenberg Filtration Technologies
- Clear Edge
- Fibertex Nonwovens
- Hollingsworth & Vose
- Johns Manville
- Sefar AG
Other Companies
- 3M
- American Fabric Filter
- Autotech Nonwovens
- Berry Global, Inc
- Donaldson Filtration Solutions
- Eagle Nonwovens, Inc
- G. Bopp + Co. AG
- GKD
- Kavon Filter Products Co.
- MANN+HUMMEL
- Norafin Industries
- Sandler AG
- Schweitzer-Mauduit International, Inc
- Twe Group
- Yingkaimo Metal Net Co.
For more information about this report visit https://www.researchandmarkets.com/r/dsqfak
View source version on businesswire.com: https://www.businesswire.com/news/home/20191209005366/en/
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