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Filtration Market Trends

Report ID: GMI10648
Published Date: Aug 2024
Report Format: PDF

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Filtration Market Trends

The market for residential air purifiers and water filters is witnessing a surge, propelled by consumer demand for enhanced indoor air quality and clean drinking water. This demand is steering advancements in filtration materials and techniques, including nanofiber filters, electrostatic filters, and advanced membranes, all geared toward boosting filtration efficiency and durability. Meanwhile, sectors like automotive, aerospace, and electronics are increasingly reliant on precise filtration to uphold product quality and operational efficiency. In parallel, the oil and gas sector are deploying filtration systems to safeguard its operations, ensuring contaminants are effectively removed from drilling fluids, processing streams, and gas emissions.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of filtration was reached USD 50.5 billion in 2023 and is expected to register 4.9% CAGR from 2024 to 2032, owing to the governments and regulatory bodies increasingly enforcing stricter environmental regulations, specifically targeting air and water pollution worldwide.

Filtration industry from the air filters segment is expected to cross USD 20.4 billon by 2032, due to the rising awareness of the health implications associated with poor indoor air quality, including respiratory problems and allergies.

Asia Pacific filtration industry held 38% share in 2023 and is expected to register a commendable CAGR from 2024 to 2032, due to Sectors such as manufacturing, automotive, electronics, and pharmaceuticals, fueling the demand for cutting-edge industrial filtration systems in the region.

Cummins Filtration, Donaldson Company, Inc., Eaton Corporation, Koch Filter Corporation, Lydall, Inc., MANN+HUMMEL, Pall Corporation, Parker Bioscience Filtration, Parker Hannifin Corporation, Pentair, and Porvair Filtration Group, are some of the major filtration companies worldwide.