According to the new market research report “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″, 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 Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period. The major factors driving the liquid filtration industry growth include stringent regulations pertaining to the treatment of industrial and municipal waste, growing industrialization & urbanization.
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The market size of liquid filtration 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.
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.
Browse and in-depth TOC on “Liquid Filtration Market – Global Forecast to 2024”
65 – Tables
43 – Figures
130 – Pages
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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 Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period. The major driving factors for the market are stringent regulations governing the treatment of industrial effluents and the growing industrialization & urbanization in the APAC region.
The major players in the market include Ahlstrom-Munksjo (Finland), Lydall, Inc. (US), Valmet (Finland), Kimberly-Clark Corporation (US), Freudenberg Filtration Technologies (Germany), Clear Edge (US), Fibertex Nonwovens (Denmark), Hollingsworth & Vose (US), Johns Manville (US), Sefar AG (Switzerland), 3M (US), American Fabric Filter (US), Autotech Nonwovens (India), Berry Global, Inc. (US), Donaldson Filtration Solutions (US), Eagle Nonwovens Inc. (US), G. Bopp + Co. AG (Switzerland), GKD (Germany), Kavon Filter Products Co. (US), MANN+HUMMEL (Germany), Norafin Industries (Germany), Sandler AG (Germany), Schweitzer-Mauduit International, Inc. (US), TWE Group (Germany), and Yingkaimo Metal Net Co. (China).
These players have adopted various growth strategies to expand their presence in the market further. Investment & expansion and merger & acquisition have been the leading strategies adopted by the major players in the last 2 years, to strengthen their competitiveness and broaden their customer base in the global liquid filtration market.
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Ahlstrom-Munksjo (Finland) is focusing on the expansion of its business to maintain its leading position in the liquid filtration market. For example, the company invested USD 32 million in its filtration & performance business to expand its production capacity in Turin (Italy) plant. This expansion will specifically aim at improving the company’s current service level and help it to cater to the increasing requirement from industrial treatment applications. This expansion consolidated the company’s position as one of the leading manufacturers of high-performance liquid filter media. Moreover, the investment will help the company in rebuilding and modifying its other existing plants in Belgium and Sweden.
Lydall, Inc. (US) is progressing in the market by providing specialty engineered filter media for various industries, such as mining, food, power, cement, steel, asphalt, incineration, HVAC, and pharmaceutical. The company has a total of 6 filter media manufacturing sites, and it offers filter media that are produced from cellulose, synthetic, and glass materials. In January 2017, Lydall acquired MGF Gutsche GmbH & Co. KG (Germany) for USD 58 million. Gutsche is a leading producer of nonwoven needle punch material for industrial filtration and high-performance nonwoven segments. Gutsche has operations in Germany and China. Lydall strengthened its position as a premier provider of needle punch nonwoven filtration solutions through this acquisition.
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