Industrial Filters Market Segmentation
The global industrial filters market has been segmented based on type, end-use industry, and region.
By type, the global market is divided into air and liquid. The liquid filter segment accounted for a larger market share in 2018 due to the rising need for wastewater treatment, chemicals, filtration of drinking water, and filtration procedures. Liquid filters are used in the treatment of coolants and lubricants, oil, fuel, urea, food and beverages, blood plasma, and wastewater. The growth of the liquid filtration can be attributed to factors such as minimization of time consumed and avoiding expensive replacement of fouled membrane filters. On the other hand, the air filtration segment is projected to grow on account of degrading air quality and global warming, which have resulted in the imposition of strict emission regulations on industries to reduce the pollutants released in the air.
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On the basis of end-use industry, the global market has been segmented into food beverage, metal mining, chemical, pharmaceuticals, power generation, and others. Among these, the food beverage segment held the largest market share and is expected to be the fastest-growing end-use industry for industrial filters. This is due to the high demand for water filtration in this industry, required for washing, beverage production, and processing purposes due to increased food safety concerns and growing population.
Competitive Analysis
Some of the prominent players operating in the global industrial filters market are Valmet (Finland), 3M (US), Ahlstrom-Munksjo (Finland), Lydall, Inc (US), Nordic Air Filtration (Finland), Fibertex Nonwovens A/S (Denmark), Sefar AG (Switzerland), Freudenberg Filtration Technologies SE Co. KG (Germany), Clear Edge (US), Sandler AG (Germany), American Fabric Filter Co (US), and ANDRITZ (Austria).
Regional Analysis
The global market, by region, has been segmented into Asia-Pacific, North America, Europe, Latin America, and the Middle East Africa.
Asia-Pacific accounted for the largest market share in 2018 owing to the high demand for the product in food beverage, chemical, pharmaceuticals, and power generation industries. The fast-paced industrialization and urbanization in countries such as India, Vietnam, Thailand, and Malaysia is expected to result in an increased demand for filtration of industrial waste, thereby fueling the demand for industrial filters.
The North American and European markets are expected to witness healthy growth due to large industrial base coupled with stringent regulations for environment protection by the US Environment Protection Agency and the European Union.
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Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.2 Manufacturers/Producers
4.1.3 Distributors/Retailers/Wholesalers/E-Commerce
4.1.4 End Use
4.2 Porter’s Five Forces Analysis
4.2.1 Threat Of New Entrants
4.2.2 Bargaining Power Of Buyers
4.2.3 Bargaining Power Of Suppliers
4.2.4 Threat Of Substitutes
4.2.5 Intensity Of Competitive Rivalry
5 Market Dynamics Of Global Industrial Filters Market
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Challenges
5.6 Trends/Technology
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