Filtration and separation market to reach $141.2 billion globally by 2030 at a CAGR of 4.1%: Allied Market Research

The focus on reducing water and air pollution is expected to drive the demand for filters, which in turn is driving the growth of the filtration and separation market.

PORTLAND, Oregon., April 20, 2022 /PRNewswire/ — Allied Market Research released a report titled “Filtration and Separation Market by Type (Gas & Liquid, Air), By End User (Industrial Process, HVAC, Life Science, Water & Wastewater, Transportation): Global Opportunities Analysis and Industry Forecast , 2020-2030“. According to the report, the global filtration and separation industry generated $93.2 billion in 2020, and should generate $141.2 billion by 2030, with a CAGR of 4.1% from 2021 to 2030.

Main determinants of growth

The focus on reducing water and air pollution is expected to drive the demand for filters, which in turn will drive the growth of the filtration and separation market. However, the higher purchase and running cost of the filtration system is restraining the growth of the market. Nevertheless, the growing adoption of nanotechnology is expected to provide lucrative opportunities for the market.

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Covid-19 scenario

  • The outbreak of the COVID-19 pandemic has negatively impacted the growth of the global filtration and separation market, owing to the temporary shutdown of production facilities.
  • Construction and transportation activities and their supply chains have been hampered globally, which has resulted in lower demand for filtration and separation in the market, thereby restraining the growth of the market.
  • However, the market will recover soon in 2022.

The gas & liquid segment will maintain its leading status throughout the forecast period

Based on type, the gas and liquid segment held the highest market share in 2020, accounting for 94% of the global filtration and separation market, and is expected to maintain its leading status throughout the forecast period. forecast, due to the large-scale application of filtration and separation. separation of liquids and gases in the industrial and municipal sector. Additionally, the air segment is expected to show the highest CAGR of 4.5% from 2021 to 2030, owing to increased health awareness to breathe clean air.

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The water and wastewater segment to maintain its leading position during the forecast period

On an end-user basis, the water and wastewater segment accounted for the largest share in 2020, contributing over one-third of the global filtration and separation market, and is expected to maintain its position leader over the forecast period. This is due to the use of filtration and separation from industrial and wastewater applications. However, the life sciences segment is expected to show the highest CAGR of 5.0% from 2021 to 2030, owing to the rapid increase in healthcare facilities and awareness of healthy lifestyle.

North America maintain dominance by 2030

Based on the region, North America held the highest market share by 2020 revenue, accounting for more than two-fifths of the global filtration and separation market, owing to the large-scale application of filtration and separation plants in the region for municipal, industrial and life science end users. Moreover, the Asia Pacific The region is expected to witness the fastest CAGR of 5.0% during the forecast period, owing to the rapid development of countries such as China and India.

Main market players

  • Porvair Plc
  • Ahlstrom-Munksjo
  • Alfa Laval
  • Danaher (Pall Corporation)
  • Donaldson Company, Inc.
  • Eaton Company
  • Freudenberg Filtration Technologies SE & Co. KG
  • Lydall, Inc.
  • MANN+HUMMEL
  • PARKER HANNIFIN CORP

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