The demand for industrial filtration is growing rapidly owing to various factors, which includes stringent environmental regulations and need for clean and safe working environment.
The global industrial filtration market is projected to grow at 6.50% CAGR during the forecast period, 2019–2025. In 2018, the global industrial filtration market was dominated by Asia-Pacific with a 33.4% share, followed by North America and Europe with shares of 25.2% and 21.1%, respectively.
The global industrial filtration market has been segmented based on type, media, end-use industry, and region. On the basis of type, the global industrial filtration market has been divided into liquid filters and air filters. The liquid filters segment is expected to grow at a faster rate during the forecast period. In 2018, the liquid filters segment held a 63.82% share of the global industrial filtration market.
On the basis of media, the global industrial filtration market has been segmented into fiber glass, activated charcoal/carbon, fiber paper, metal, nonwoven fabrics, and others. The metal segment is expected to grow at the faster rate during the forecast period. In 2018, the metal segment held a 25.40% share of the global industrial filtration market.
On the basis of end-use industry, the global industrial filtration market has been segmented into oil & gas, manufacturing, power generation, pharmaceutical, and others. The manufacturing segment is expected to grow at the faster rate during the forecast period. In 2018, the manufacturing segment held a 38.28% share of the global industrial filtration market.
On the basis of region, the global industrial filtration market has been segmented into the North America, Europe, Asia-Pacific, Middle East & Africa, and South America. In 2018, Asia-Pacific held a 33.4% share of the global industrial filtration market.
