The Global Liquid Filtration Market Size Is Projected To Reach US$ 6B By 2033 | Future Market Insights Inc.

Global liquid filtration market sales revenue totaled US$ 2.5B in 2022. From 2023 to 2033, global liquid filtration demand is likely to increase at 7.9% CAGR. As per the latest analysis, the global liquid filtration market size is projected to expand frm US$ 2.7B in 2023 to US$ 5.8B by 2033.

Polymer is expected to remain the most commonly used fabric material in liquid filtration globally. The target segment is forecast to exhibit a CAGR of 7.4% from 2023 to 2033.

Key Market Shaping Factors:

• Surging demand for liquid filtration across sectors such as food & beverages, mining, oil & gas will boost the market
• Growing water scarcity concerns due to depleting freshwater resources are likely to create a high demand for liquid filtration
• Implementation of stringent regulations governing the treatment of municipal and industrial waste will boost the market
• Growing importance of waste water management is likely to fuel liquid filtration equipment demand globally
• Integration of novel technologies such as IoT and AI to support market expansion
• Increasing popularity of polymer-based liquid filtration to boost market revenues through 2033

The process of separating or removing solid particles and contaminants from a fluid stream is known as liquid filtration. It is a simple yet effective method in which the fluid or liquid is passed through a permeable filter medium (liquid filter).

During liquid filtration process, the porous material (filter) holds solid particles while fluid passes through it.

Liquid filtration has become a cost-effective method of separating solids from fluids in a wide range of sectors. This includes petroleum, mining, food & beverages, etc. Hence, robust expansion of these sectors along with rising usage of liquid filters in these sectors will create a high demand for liquid filtration and liquid filters.

Growing concerns regarding water scarcity is another key factor expected to boost the global liquid filtration industry.

In recent years, factors such as population explosion, drastic climatic changes, and excessive usage of fresh water have facilitated water scarcity around the world. It is estimated that half of the world’s population could be living in areas facing water scarcity if proper steps are not taken, as per the United Nations Children's Fund (UNICEF).

Rising water scarcity in turn is bringing water treatment technologies such as liquid filtration into limelight. Various techniques and water treatment solutions such as filters, reverse osmosis, polymer membranes, and membrane chemicals are being used to produce fresh water.

New strict regulations are being introduced to encourage companies to adopt water treatment technologies such as liquid filtration. This is expected to boost sales of liquid filtration systems or liquid filters.

Governments and regulatory organizations such as the Environmental Protection Agency are proactively engaged in framing regulations and policies to restrict the disposal of untreated produced water.

For instance, to encourage and facilitate the recycling and reuse of produced water by oil and gas producers, New Mexico Governor Lujan signed the Produced Water Act in 2019.

2018 to 2022 Global Liquid Filtration Sales Outlook Compared to Demand Forecast from 2023 to 2033

As per Future Market Insights (FMI) new report, the global market for liquid filtration increased at around 8.6% CAGR from 2018 to 2022. Looking ahead, the market is set to thrive at 7.9% CAGR, generating an absolute $ opportunity of US$ 3.1B during the assessment period.

Rising adoption of liquid filtration in a wide range of sectors, such as food & beverages, oil & gas, wastewater treatment is a key factor driving the global market forward.

Liquid filtration is becoming an easy and cost-effective method of removing solid particles and impurities from a fluid stream. It is being employed across various sectors to separate solid particles from a fluid.

Rising water scarcity concerns due to depletion of freshwater resources is expected to boost the global liquid filtration industry. This is because liquid filtration is being increasingly employed for producing drinking water.

Rapid urbanization across the world is anticipated to fuel demand for liquid filtration products in the municipal sector.

In 2021, to encourage the implementation of water treatment in 340 municipalities, a new regulation was created by the government of Guatemala

Similarly, in September 2021, plans for new wastewater regulations were announced by the United States Environmental Protection Agency (EPA).

These new developments are expected to create lucrative opportunities for market players and boost global liquid filtration sales revenues.

Liquid filtration is gaining immense traction for resolving the water scarcity issue globally. It is being employed for improving the quality of water in diverse end-use sectors including oil & gas, food & beverage, mining, and wastewater treatment.

What is the Growth Outlook for The United States Liquid Filtration Market?
Growing Need for Treating Produced Water to Elevate Liquid Filtration Demand in the United States

According to Future Market Insights (FMI), the United States liquid filtration industry witnessed a CAGR of 8.5% from 2018 to 2022. Over the next ten years, liquid filtration demand in the country is forecast to rise at 7.8% CAGR.

By 2033, the United States market size is projected to reach US$ 1.0B. It is anticipated to create an absolute $ opportunity of around US$ 0.554B between 2023 and 2033.

Growth in the market is primarily driven by rapid industrialization, increasing adoption of advanced water treatment technologies, & implementation of strict government regulations.

Another key factor that will bolster liquid filtration sales revenue in the United States is the increasing need for treating produced water.

Increasing production of wastewater during oil & gas drilling activities along with rising environmental concerns has put water treatment technologies such as liquid filtration into spotlight. This in turn will continue to boost sales in the market.

According to Produced Water Treatment and Beneficial Use Information Center, about 21 billion bbl of produced water is generated from 900,000 wells each year in the United States.

To manage and treat this large quantity of produced water and make it suitable for usage, liquid filtration technology is being employed in the upstream oil and gas sector. This will power up sales of liquid filters in the country.

Which is the Highly Preferred Fabric Material in Liquid Filtration?

Polymer to Remain the Highly Preferred Fabric Material
Based on fabric material, the global market is segmented into polymer, cotton, and metal. Among these, polymer material is most commonly used in liquid filtration due to its attractive properties.

According to Future Market Insights (FMI), polymer segment exhibited a CAGR of 8.5% from 2018 to 2022. For the next ten years (2023 to 2033), it is likely to thrive at 7.4% CAGR, making it a top revenue generation segment for liquid filtration companies.

Polymeric fabric is mostly used in liquid filtration due to its excellent properties. These include its high thermal resistance, high tenacity, and low water absorption.

Polymers are more flexible, easier to handle, and less expensive than other fabric materials. As a result, they are preferred for membrane filtration. They are being increasingly used as the membrane active layer & porous support in nanofiltration, osmosis, ultrafiltration, and microfiltration processes.

Rising investments in research & development to improve properties of polymer materials will further boost growth of the target segment.

Competitive Landscape
Leading players listed in the report include 3M Company, Ahlstrom-Munksjo, American Fabric Filter, Autotech Nonwovens, Berry Global, Inc, Clear Edge, Donaldson Filtration Solutions, Eagle Nonwovens Inc., Fibertex Nonwovens, and Freudenberg Filtration Technologies.

These key players are focusing on developing novel filtration solutions to meet end user demand and boost their sales. They are also employing strategies such as mergers, partnerships, distribution agreements, acquisitions, facility expansions, and collaborations to gain a competitive edge in the market.

Recent developments:
In September 2022, Alkegen, announced the launched LyPore MB, a new range of meltdown liquid filtration media, to meet the most critical application requirements. The new line is designed to provide high filtration efficiency, excellent dirt holding capacity, and low-pressure drop.

In September 2021, Lotus Range, a new line of filter media for mining & minerals sector was launched by Clear Edge, a prominent leader in industrial filtration products and filter media.

In November 2022, an advanced Aqua Solution membrane, based on silicone carbide membrane technology, was introduced by LiqTech International Inc., a leading manufacturers of specialized filtration products and systems.