Filtration Market

The global industrial filtration market received a valuation worth 98.13 billion US dollars in 2021 and is expected to witness much more growth in the coming years.

Market Overview

The market for filtration & separation allows for the efficient lifting and removal of airborne and waterborne pollutants from industries or homes. Dirt and pollution have become unavoidable in many industrial and residential settings today. Effective filtration systems are necessary to remove particles that can trigger allergies or lead to various respiratory illnesses.

The market for filtration and separation has been projected to touch 152.05 billion US dollars by 2031, growing at a surprising CAGR of 4.4% from 2022 to 2031. In recent years, changing attitudes to respiratory health and increased demand for better quality manufactured goods have encouraged producers to incorporate filtration inside their factories.

Filtration and separation systems are also often a necessity for some niche markets. This includes the biotechnology manufacturing and pharmaceutical industries which spend a great deal on this market each year. Moreover, global programs to improve water quality and avoid waterborne diseases such as cholera have recently increased the demand for water filtration systems.

Key Findings

• The filtration market witnessed a 98.13 billion US dollars valuation in 2021, which is expected to rise to 152.05 billion by 2031.
• This growth can be attributed to a worldwide increase in the demand for clean water and air post-pandemic as people strive to improve their immune and respiratory systems. Moreover, global water purification treaties that hope to provide safer drinking water have also increased the demand for filtration.
• As the post-pandemic era approaches and filtration gets affected by the digital revolution, better filtration techniques are introduced that increase efficiency. This provides a great opportunity for the product.
• However, geopolitical issues and the inability of filtration systems to clean out certain unique chemicals might prove to be a drawback in the growth of the product.
• Many players have hoped to bring about a change and increase growth through research. Further research is required to make the systems more effective.

Market Drivers

Increase in Demand for Clean Water and Air Post Pandemic

As the pandemic swept the world's population off its feet, it also taught most of the residents of the globe many lessons about the importance of immunity. Immunity is highly impacted by the quality of water we consume every day, and measures have been taken in recent years to make water filtration more effective and avoid waterborne diseases.

That is not all. Air filtration is also quickly becoming popular as more and more people are beginning to rely on purification systems that can save them from respiratory diseases. This was also a lesson that was received from the pandemic as people with weak respiratory systems faced the worst impact.

The Introduction of Global Water Purification Treaties

In the past few years, the UN has expedited its 6^th sustainable development goal to ensure that people in developing regions of the world get access to safe drinking water as soon as possible. According to their report, 844 million people do not have access to drinking water. This is something they have been hoping to resolve.

Their projects, such as the water, sanitation, and hygiene construction (WASH) and the installation of water treatment plants worldwide, allow them to provide people with access to safe drinking water. This requires better treatment systems that can remove chemicals and unsafe minerals from the water.

Some of the initiatives in the US include the Pollution Prevention Act, Clean Water Act, and Clean Air Act, which consider the harmful effects of pollutants on the environment and, eventually, people around the globe. In Europe, laws have been implemented to regularly monitor air quality and add stricter regulations that prevent more pollution.

All of this, in conjunction with treaties introduced by other regions of the world, add to the popularity of water and air filtration systems worldwide.  

Market Opportunities

Heading into the Post-Pandemic Era

The demand for filtration reduced by 2020 as the pandemic hit and manufacturers were forced to shut down their factories. Filtration systems were no longer required at a massive scale. In fact, they weren't even required on a small scale as people moved to their homes to wait out the effects of the pandemic.

As we step away from the worst of the pandemic and as large-scale manufacturing resumes, we see a rise in filtration's popularity.

Filtration Eases into the Digital Revolution

Filtration systems today are slowly beginning to take their place in the digital revolution. Systems that are put into place to monitor the safety of air and water seldom need a labor force. Today, AI can monitor filters through sensors that record the activity of the cleaners and the status of the space to tweak their performance.

This can prevent downtimes as well as machine breakdowns. It also reduces the cost of an extensive labor force, making filtration much more appealing. Moreover, the more intelligent the machine, the more durable it is, as it will avoid overworking itself.

Through the data provided by new-age filtration systems, companies are becoming more and more aware of the best filtration techniques and are stepping up to more advancements.

Market Challenges

Geopolitical Issues Impact the Demand for Filtration Systems

The market for filtration depends upon the demand for other goods. The more the increase in manufacturing, the greater the demand for filtration systems. However, unfavorable circumstances in the international economy have recently led to a decreased demand.

Economic growth for many other goods is also becoming a lot more volatile. Because of this, projects in certain industries such as oil and gas, chemicals, pharmaceuticals, and power might take a hit, and demand for filtration may decrease.

The Drawbacks of Filtration Systems

Filtration systems aren't always perfect. Although many people all around the globe rely on these systems to filter the environment of impurities, they don't eradicate all kinds of viruses. For example, air filters don't filter any bacteria, mold, viruses, or volatile organic compounds smaller than 0.4 microns. In some cases, filtration doesn't protect consumers from pollen, smoke, or other harmful chemicals in the environment. Further research is required to better the systems and block more harmful particles in future filtration systems.

Regional Coverage

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa

As of 2020, North America has held the highest share of the market for filtration. It makes up more than two-fifths of the market due to the industrial powers that use filtration within their factories in the region.

However, the Asia Pacific region is a close second, taking away the title for the fastest CAGR (5%) predicted for the period between 2023 and 2030.

Company Recent Development

• MANN + HUMMEL
• CORP
• Danaher (Pall Corporation)
• Donaldson Company, Inc.
• Eaton
• Others

Different mergers and acquisitions over the years have led to the creation of big powers in the filtration industry, which drive growth and use revenue for further investment and research. This has increased the application of filtration over time.

This includes the Donaldson Company, which acquired Solaris (US) in 2021 for access to a bigger market where they could sell filtration solutions to food and beverage customers.

These acquisitions have also benefited from new developments such as Eaton's introduction of a Zero-Leak Compact Combo Valve in 2021, which allows for the venting of fuel vapors in a tank through the stacking of a Fill Limit Vent Valve and a Zero Leak Grade Vent Valve.

Mergers, acquisitions, research, and discovery all contribute to the popularity and usage of filtration. This research must be encouraged for better and more flexible solutions to the global air and water pollution crisis.