Global Liquid Filtration Market is expected to garner revenue of USD 2.5 billion by 2024 | TechSci Research

Posted April 1, 2019 by James_Smith

Global liquid filtration market is projected to grow $ 2.5 billion by 2024. Liquid filtration separates solid from a liquid by passing the polluted liquid through a filter media that retains the solid and allows the clean liquid to pass through.

Stringent regulations regarding emissions and treatment of industrial & municipal waste to drive global liquid filtration market through 2024

According to TechSci Research report, “Global Liquid Filtration Market By Fabric Material, By Filter Media, By End User, By Region, Competition, Forecast & Opportunities, 2024’’, liquid filtration market, globally, is projected to grow from $ 1.9 billion in 2018 to $ 2.5 billion by 2024, exhibiting a CAGR of 6.0% during 2019-2024, backed by growing urbanization and industrialization coupled with stringent regulations regarding emissions and treatment of industrial and municipal waste. The market for liquid filtration has been segmented into fabric material, filter media, end user and region. Based on filter media, the market has been segmented into woven and nonwoven. Among these, the woven segment is anticipated to lead the liquid filtration market during the forecast period, owing to its cost-effectiveness and technological advancements. Furthermore, increasing demand for multifilament woven fabrics, due to their high strength and versatile usage, is the major factor driving the segment.

Browse XX market data Figures and Tables spread through 110 Pages and an in-depth TOC on " Global Liquid Filtration Market"

Based on end user, the market has been segmented into municipal, food & beverages, mining and others. Of these categories, theindustrial segment which includes food & beverages, mining, and chemicals sub-segments, is anticipated to lead global liquid filtration market during the forecast period. Stringent disinfection and purification stipulations require advanced technology to be used in this industry, which in turn drives the market. Appropriate filtration and purification techniques ensure high reusability rate for water, achieving production of high-quality final products, reduction in production costs, zero liquid discharge (ZLD) and effective wastewater management.

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“Asia-Pacific liquid filtration market is expected to grow at the fastest rate in coming years, on account of rising industrialization, growing population and environmental regulations in the region. China is the largest market for liquid filtration in the region, as it is a major producer and consumer of liquid filtration, owing to its large manufacturing base. Moreover, ongoing industrial activities are expected to drive the demand for liquid filtration in China during the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Liquid Filtration Market By Fabric Material, By Filter Media, By End User, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global liquid filtration market and provides statistics and information on market size, structure and future market growth. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also analyzes the evolving market trends along with drivers, challenges and opportunities in global liquid filtration market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


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Last Updated April 1, 2019