The global liquid filtration market is estimated to grow at a significant CAGR of 7.2% during the forecast period. Liquid filtration process involved the removal of any solids from liquids by the flowing the contaminated liquid through a filter media that retains the solid waste and allows the only clean product to pass through. The market for liquid filtration market is mainly driven due to various factors such as growing industrialization and urbanization and strict government regulation for the treatment of municipal and industrial waste. Moreover, the increasing amount of solid waste across the globe is one of the major factors attributing to the global liquid filtration market. According to the USEPA, the US generates approximately 250 million tons of trash each year, which majorly contains hazardous waste. With the increasing amount of municipal and industrial waste, liquid filtration is becoming a large scale commercial business at the global level. 

 Segmental Outlook  

The global liquid filtration market is segmented based on the material and application. Based on the material, the market is further classified into polymer, cotton, and metal. The polymer segment is projected to have a considerable share in the global liquid filtration market. The polymer-based liquid filtration widely used in industries due to high thermal resistance, low water absorption, and high tenacity. Based on the application, the market is segregated into municipal treatment and industrial treatment.  

Global Liquid Filtration Market Share by Application, 2018(%)

Global Liquid Filtration Market to be driven by Industrial Treatment Application

Among, application segments, the industrial treatment held a considerable share in the global liquid filtration market. Industrial treatment involves liquid filtration during manufacturing and industrial processes. This comprises the removal of waste generated from pharmaceutical, manufacturing and processing industries, such as power plants, food processing industries, cement factories, petroleum industries, textile industries, and chemical plants. Such industries generate a distinct kind of waste products that further required propel liquid filtration facilities. Management of waste is an important part of food processing industries, which is in different forms, primarily as expired products, production wastes, and strips. Therefore, creates significant demand for liquid filtration in the industrial application that further propels segmental growth.   

Regional Outlook 

Geographically, the global liquid filtration market is further classified into North America, Europe, Asia-Pacific and the Rest of the World. Asia-Pacific estimated to have considerable market growth in the global market during the forecast period. North America region is estimated to be a potential market for liquid filtration market. The US and Canada provide a significant contribution to the growth of the North American hazardous waste management market.  North American liquid filtration market is influenced by various factors including increasing waste disposal activities in the region and government initiatives for waste management. There are various organizations that support in hazardous waste management by the initiating various programs. The North American Hazardous Materials Management Association (NAHMMA) is an important organization for experts employed to accomplish and decrease household and industrial waste that further increase the demand of liquid filtration.

Global Liquid Filtration Market Growth, by Region 2019-2025

Asia-Pacific to hold a considerable share in the global Liquid filtration market

Asia-Pacific is projected to hold a significant market share with significant growth during the forecast period. The major factors that contribute in the growth of the market is growing industrialization and urbanization in China, India and other countries. As per the World Urbanization Prospects by the UN, the largest urban growth will take place in India, and China. Managing urban areas is challenging for the government in emerging economies that includes forming and implementing cohesive policies and plans related to the development waste management projects. The urbanization in emerging economies has been growing significantly since 2014. There were only 28 mega-cities projects in 2014 which is expected to reach to 41 by 2030. According to the World Economic Forum, Tokyo, Delhi, Shanghai, Mexico City, Mumbai in 2016, were the largest city in terms of population, globally, with more than 10 million inhabitants or more.

Market Players Outlook

The key players in the liquid filtration market contributing significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market include Lydall, Inc., Valmet, Kimberly-Clark Worldwide, Inc., Freudenberg Filtration Technologies SE & Co. KG, 3M Co., and others. These market players adopt various strategies such as product launch, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. 

The Report Covers

• Market value data analysis of 2018 and forecast to 2025.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global liquid filtration market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.