Aug 14, 2018   SOURCE: BusinessWire

Global $44.89 Billion Industrial Filtration Market Analysis & Forecast to 2026 - ResearchAndMarkets.com

The "Industrial Filtration - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.

According to the report, the Global Industrial Filtration market accounted for $23.12 billion in 2017 and is expected to reach $44.89 billion by 2026 growing at a CAGR of 7.7% during the forecast period.

Stringent regulations pertaining to emissions & treatment of industrial waste, requirement of safe working environment in industrial facilities and growing industrialization & urbanization are some of the factors expected to boost the market growth. However, vailability of Low-Cost and Inferior-Quality Industrial Filtration Products are hindering the market growth.

Amongst product, liquid filtration segment acquired considerable market share, 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 demand for the liquid filter will continue to increase throughout the estimated period due to the growth in the chemical, food and beverage, and water and wastewater treatment industries. Liquid filtration minimizes the time consumption and avoids expensive replacement of fouled membrane filters.

By geography, Asia pacific region is expected to register the highest market growth during the forecast period due to the growth in the power, processing industries, water and wastewater, and chemical industries. In addition, the investments in a variety of processing sectors such as chemicals, water and wastewater treatment, and food and beverage processing are increasing in APAC countries such as India and China. During the processing of crude oil in oil refineries, the cooling water is filtered to protect the plant equipment. This in turn, enhances the life of the refinery and improves its efficiency.

Companies Profiled

  • Filtration Group
  • Sidco
  • Ahlstrom-Munksj
  • Parker Hannifin
  • Mann Hummel
  • Camfil
  • Lenntech
  • Donaldson
  • Cummins
  • Alfa Laval
  • Freudenberg
  • Eaton
  • Pall Corporation
  • Benchmarking

For more information about this report visit https://www.researchandmarkets.com/research/9gkh2l/global_44_89?w=4