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, the industrial 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.
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