According to a new report published by Prudent Markets, titled, “Filtration & Separation Market by Typeand End-User: Global Opportunity Analysis and Industry Forecast, 2019–2026,” the global filtration & separation marketsize was valued at $89.0 billion in 2018, and is projected to reach $116.1 billion by 2026, growing at a CAGR of 3.3% from 2019 to 2026.

By type, the gas and liquid segment garnered the largest share in the filtration & separation market in 2018. In addition, the expansion of HVACand chemical industry throughout the globe especially in nations such as the U.S., China, and India, fuels the demand for filtration & separation. The manufacturersof filtration & separation are focusing on business expansion and new projects as a strategy to increase their filtration & separation market shares. For instance, in October 2018, Donaldson Company, Inc. announced the acquisition of BOFA International Ltd.,which sells fume extraction technology systems to various industries. The acquisition was meant to be completed by the end of first quarter of 2019..

Currently, byend-user, the water and wastewatersegment have garnered significant market share in 2018, owing to government regulations such as Clean Water Act (CWA) to control water pollution.In addition, based on type, the airsegment is expected to exhibit significant growth during the forecast period. In terms of region, North America, and Asia-Pacificcollectively contributed around 69.8% of shares in the global filtration & separation market in 2018.

According to Amar Chinchane,LeadAnalyst, Construction and Manufacturing at Prudent Markets, “The filtration & separation market has witnessed significant growth over the past decade, owing to the rise ininvestment in HVAC industry especially in the North America, and Asia-Pacific region.A number of players are expanding their business around the globe, owing to increased customer base, enhanced effective operations, developed product portfolios, and expanded geographical reach. This is anticipated to fuel the demand for thewellhead equipment. Furthermore, byend-user, the life sciencessegment is expected to grow in the near future due to growing pharmaceutical industry around the globe.”

The key market players profiled in the filtration & separation  market report include  Ahlstrom-Munksjö, Alfa Laval, Donaldson, Eaton, Freudenberg, Lydall, Inc., Mann+Hummel, Pall Corporation, Parker Hannifin Corporation, and Porvair Plc. The major players operating in the global filtration & separation market have adopted key strategies such as acquisitions, product launch and business expansion, to strengthen their market outreach and sustain the stiff competition in the filtration & separation market. For instance, in November 2017, Ahlstrom-Munksjö Oyj launched Trinitex Advance W3000 filtration media, specifically designed for pulse jet gas turbine applications. The product offers particulate air (EPA) efficiency that provides better protection to the gas turbines.

KEY FINDINGS OF THE STUDY

• Depending on type, the gas and liquidsegment dominated thefiltration & separation market, in terms of revenue in 2018 and airis projected to grow at a CAGR 3.7%during the forecast period.

• By end-user, thewater and wastewatersegment led the filtration & separation market in 2018.

• North America is projected to register the highest growth rate in the coming years.

• The key market players within the filtration & separation market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the filtration & separation industry.

• The report provides an extensive analysis of thefiltration & separation market trends and emerging opportunities of the filtration & separation market. 

• In-depthfiltration & separation market analysis is conducted by constructing estimations for the key segments between 2018 and 2026.

 

Research Link: https://www.prudentmarkets.com/report/filtration-separation-market/542/