According to a new report published by Allied Market Research, titled, " — Filtration & Separation Market by Type and End-User: Global Opportunity Analysis and Industry Forecast, 2019–2026," the global filtration & separation market size was valued at $89.0 billion in 2018, and is projected to reach $116.1 billion by 2026, growing at a CAGR of 3.3% from 2019 to 2026.
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The filtration & separation refers to the removal and elevation of airborne and waterborne pollutant and particles. The constant operation in the industrial sector produces minute particles, chemicals, dust, and other allergens, which pollute air and water. Thus, there is a need of efficient filtration & separation for filtering out the unnecessary effluents with the help of filter media. Industrial gases are also needed to be filtered from impurities to improve the quality of the manufactured commodities.
The quality of air and water across the globe is decreasing due to factors such as industrialization and urbanization. Therefore, air and water pollution has become a health problem globally. Thus, the high focus to curb air and water pollution is expected to increase the demand for filters, which in turn drives the demand for the filtration & separation market. In addition, the stringent government regulations for clean water in developed countries fuels the growth of the filtration & separation market.
Key Market Players
The key market players profiled in the filtration & separation market report include Ahlstrom-Munksjö, Alfa Laval, Donaldson, Eaton, Freudenberg, Lydall, Inc., Mann+Hummel, Pall Corporation, Parker Hannifin Corporation, and Porvair Plc.
Depending on the type, the gas and liquid segment dominated the filtration & separation market, in terms of revenue in 2018, and the air is projected to grow at a CAGR of 3.7% during the forecast period.
By end-user, the water and wastewater segment led the filtration & separation market in 2018.
North America is projected to register the highest growth rate in the coming years.
The key market players within the filtration & separation market are profiled in this report, and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the filtration & separation industry.
The report provides an extensive analysis of the filtration & separation market trends and emerging opportunities of the filtration & separation market.
In-depth filtration & separation market analysis is conducted by constructing estimations for the key segments between 2018 and 2026.
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