Liquid Filtration Market - Forecast(2024 - 2030)

Report Code: CMR 60580 Report Format: PDF + Excel

Liquid Filtration Market Overview

The Liquid Filtration Market size is forecast to reach US$2.7 billion by 2027 after growing at a CAGR of 6.1% during the forecast period 2022-2027. Liquid Filtration is the process of removing solids from a contaminated liquid by passing it through a filter media in order to contain solid particles and to allow clean liquid to pass through the system. Different types of liquid filtration systems include particle filtration and membrane filtration such as reverse osmosis and micro-filtration system. The Ministry of Petroleum and Natural Gas (MoPNG) announced that activities related to 8,363 Oil & Gas projects worth INR 5.88 lakh crore (US$ 80.47 billion) have resumed in India since April 2020. This, in turn, has increased the demand for liquid filtration systems in order to filter, refine, and treat the wastewater produced from these production sites. An increase in demand from the oil & gas sectors along with strict government regulations to adopt water treatment acts as major drivers for the market. On the other hand, the dependency of the liquid filtration industry on industrial catalysts may act as a major constraint for the market.

COVID-19 Impact

There is no doubt that the COVID-19 lockdown has significantly reduced production activities, as a result of the country-wise shutdown of production sites, shortage of labor, and the decline of supply and demand chain all over the world. Studies show that the outbreak of COVID-19 sharply declined oil and gas production in 2020 due to a lack of operations across multiple countries around the world. A decline in production activities significantly reduced the production of liquid waste generated from these petroleum refinery sites, thus, affecting the market. However, a slow recovery in new development and production activities has been witnessed across many countries around the world since the end of 2020. For instance, in September 2020, the Indian Oil Corporation (IOC) had approved an investment of INR 1,268 crore (US$ 173.5 million) in order to set up a needle coker unit at the firm's Paradip refinery in Odisha. The proposed unit is expected to have a total Calcined Needle Coke (CNC) production capacity of around 56-kilo tonnes per year. Likewise, Australia announced its Scarborough Gas Project and Pluto LNG Expansion worth US$ 11 billion to be resumed since 2020. The facility was built with a targeted capacity of 4-5 mtpa, which will be responsible for developing the gas from the Scarborough field, located 270km off the coast of Western Australia. In this way, a slow and steady increase in oil and gas production activities is expected to increase the demand for liquid filtration for waste water treatment produced from these production sites. This will eventually lead to a steady recovery of the market in the upcoming years.

Liquid Filtration Market Report Coverage

The report: “Liquid Filtration Market – Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the Liquid Filtration Industry.

By Fabric Material Type: Cotton, Polymer, Wool, Linen, Glass Fiber, Metals, Rayons, Others.
By Filter Type: Woven, Nonwoven, and Mesh.
By Filtration System: Particle Filtration, Membrane Filtration.
By End-Use Industry: Municipal Treatment, Industrial Treatment.
By Geography: North America (USA, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and the Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America), the Rest of the World (the Middle East, and Africa).

Key Takeaways

  • Membrane filtration system in Liquid Filtration Market is expected to see the fastest growth, especially during the forecast period. Its wide range of benefits such as high energy efficiency, and cost-effectiveness made it stand out in comparison to other filtration systems in the market.
  • Municipal Industry in Liquid Filtration Market is expected to see the fastest growth, especially during the forecast period, owing to the increasing demand for waste water treatment from the industry.
  • North America dominated the Liquid Filtration Market in 2021, owing to the increasing demand for water treatment due to the shale gas exploration in the region in recent years.


Figure: North America Liquid Filtration Market Revenue, 2021-2027 (US$ Billion)

North America Liquid Filtration Market Revenue

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Liquid Filtration Market Segment Analysis – By Filtration System

The membrane filtration system held the largest share in the Liquid Filtration Market in 2021 and is expected to grow at a CAGR of 6.2% between 2022 and 2027, owing to its increasing demand due to the benefits it offers over other types of filtration systems. Membrane filtration system such as reverse osmosis, and micro-filtration system offers high flexibility, high-end product quality, and are relatively less expensive than other types of liquid filtration system. Moreover, it is more energy-efficient, allows filtration of any volumes of non-turbid liquid, and is capable of removing 90% to 100% pathogens from the water sample in comparison to other liquid filtration systems. Hence, all of these benefits of membrane filtration system such as reverse osmosis, and micro-filtration system are driving its demand over other types of filtration systems, which in turn, is expected to boost the market growth in the upcoming years.

Liquid Filtration Market Segment Analysis – By End-Use Industry

The municipal industry held the largest share in the Liquid Filtration Market in 2021 and is expected to grow at a CAGR of 6.4% between 2022 and 2027, owing to the increasing demand for liquid filtration for municipal waste water treatment generated from various countries across the world. For instance, according to the Environmental Information System (ENVIS), the total amount of municipal wastewater generation in India reached up to 72,368 MLD whereas the total water treatment capacity reached up to 36,668 MLD in 2020.

According to the United States Environmental Protection Agency, more than 75% of the country’s population is served by centralized wastewater collection, treatment, and filtration systems. There are around 16,000 municipal waste water treatment and filtration facilities that are operational throughout the country. Over 30% of the facilities for waste water treatment produce cleaner discharges by providing higher levels of treatment than secondary treatment. Likewise, recent insights from the University of Michigan - Center for Sustainable Systems, states that California recycled around 1.5 million acre-feet of water per year in 2020, and it is expected to reach up to 2.5 million acre-feet of water per year by the end of 2030. In this way, an increase in demand for municipal waste water treatment is expected to increase the demand for liquid filtration, thus, leading to market growth in the upcoming years.

Liquid Filtration Market Segment Analysis – By Geography

North America held the largest share in the Liquid Filtration Market in 2021 up to 34%, owing to the increase in demand for wastewater treatment that is generated from oil and gas production activities. For instance, the government of the USA announced the continuation of operations of the Alaska LNG Liquefaction Plant project worth US$ 43 billion in 2020. The Alaska LNG represents a three-train liquefaction plant, gas treatment plant, an 800-mile pipeline. The facility is expected to export around 3.5 billion cubic feet of gas per day from Alaska’s North Slope gas fields and is scheduled to begin its operations in 2025. Likewise, in 2019, the Canadian Association of Petroleum Producers (CAPP) stated that Canada is capable of producing 16,000 barrels of crude oil per day along with 5.5 billion cubic feet of natural gas per day. It also stated that Canada's oil production is estimated to reach 106.3 million barrels per day by 2040. According to the American Petroleum Institute (API), more than 18 billion barrels of waste liquid from oil and gas production are generated annually in the United States.

Authorities such as the Environmental Protection Agency (EPA) have enforced strict regulations on the discharge limits of pollutants in water. According to the Environmental Protection Agency, liquid waste produced from crude oil and natural gas exploration and production are usually subject to regulation under Subtitle D of the Resource Conservation and Recovery Act (RCRA) and state regulations, and several state governments have come up with specific regulations and guidance for exploration and production wastes. An increase in oil and gas production activities has also increased the risk of possible effects on public health and the environment, including possible negative effects arising from improper management of wastes from exploration and production activities. Hence, the regulations enforce the importance of proper wastewater management and treatment for all exploration and production wastes. In order to abide by the existing regulations, the demand for waste water treatment generated during these oil and gas production activities has also increased significantly. This, in turn, is expected to increase the demand for liquid filtration in order to filter and refine the wastewater generated from these production sites, thus, leading to the growth of the market during the forecast period.

Liquid Filtration Market Drivers

Increasing demand for oil and gas production is most likely to drive the market growth

Continuously increasing demand for oil and gas supplies from the industrial, commercial, and residential sectors is a key driver for market growth. For instance, Nigeria announced the start of its project called Dangote Refinery and Polypropylene Plant worth US$ 11 billion which is expected to begin its operations by 2022. The facility is expected to process different grades of crude including shale oil, along with a production capacity of 104,000 b/d of diesel, 153,000 b/d of gasoline, 4,109 b/d of LPG, 73,000 b/d of jet fuel, and 12,300 b/d of fuel oil. Similarly, Russia completed its project called Nord Stream 2 Gas Pipeline worth US$ 10.8 billion in 2021. The pipeline has increased the gas capacity of the Nord Stream route to 110 billion m3 per annum.

Water filtration system plays a major role in filtering and refining the wastewater generated from the oil & gas sector during production activities. This not only reduces the negative impact of generated wastewater on the environment but also helps the industry save a lot of money by reusing recycled waste materials. In this way, an increase in demand for oil and gas production activities in various countries across the world will also increase the demand for wastewater treatment generated during these production activities in order to maintain the prevailing environmental regulations, thus, leading to market growth in the upcoming years.

Strict government regulations to adopt wastewater treatment is most likely to drive the market growth

Authorities such as the Environmental Protection Agency (EPA) have enforced strict regulations on the discharge limits of pollutants in wastewater. For instance, the U.S. Environmental Protection Agency has issued Effluent Guideline regulations for industries under the Clean Water Act (CWA). According to this regulation, the maximum level of contamination that is allowed in discharge depends on the type of industry along with the levels that have been set as per the performance of treatment systems. Any kind of desecration of these regulations or guidelines can lead to an environmental penalty. Exceeding the mentioned discharge levels, abnormal or accidental release of pollutants along with the failure of discharge reporting can result in an environmental penalty. Hence, all the manufacturers from multiple industries are bound to follow these regulations and tend to treat wastewater properly in order to avoid such penalties. Since liquid filtration systems are primarily used in multiple industries for filtering, refining, and treatment of wastewater, this, in turn, can lead to significant growth of the Liquid Filtration Market.

Liquid Filtration Market Challenges

Dependency on industrial catalysts may cause an obstruction to the market growth

Dependency on industrial catalysts is one of the major challenges faced by the liquid filtration industry. Industrial catalysts play a vital role in improving the flow of the liquid filtration process in order to make it stable. However, these catalysts are quite expensive as well as difficult to maintain. These catalysts come with fixed guidelines and it is essential to remove all particles in the slurry from the final product for the catalysts to work. In addition to this, many of these catalysts work according to the size of the particles, which in turn, makes the process much more complex. Thus, such problems and complexity associated with industrial catalysts required in the liquid filtration industry may confine the growth of the market.

Liquid Filtration Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the market. Liquid Filtration Market top 10 companies include:

  1. Clear Edge
  2. Lydall, Inc.
  3. Ahlstrom-Munksjo
  4. Valmet
  5. Kimberly-Clark Corporation
  6. Freudenberg Filtration Technologies
  7. Fibertex Nonwovens
  8. Hollingsworth & Vose
  9. Johns Manville
  10. Sefar AG

Recent Developments

In May 2019, Saint-Gobain launched its membrane liquid filtration technology. This technology is developed from layers of high purity recrystallized silicon carbide that is capable of purifying demanding liquid flows at supreme levels of efficiency. Its major application areas include water & waste water, industrial processes & life sciences, and recreational water.

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1. Liquid Filtration Market - Market Overview
    1.1 Definitions and Scope
2. Liquid Filtration Market - Executive Summary
    2.1 Key Trends by Fabric Material Type
    2.2 Key Trends by Filter Type
    2.3 Key Trends by Filtration System
    2.4 Key Trends by End-Use Industry
    2.5 Key Trends by Geography
3. Liquid Filtration Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Liquid Filtration Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Liquid Filtration Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Liquid Filtration Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Liquid Filtration Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Liquid Filtration Market – By Fabric Material Type (Market Size - US$ Million/Billion)
    8.1 Cotton
    8.2 Polymer
    8.3 Wool
    8.4 Linen
    8.5 Glass Fiber
    8.6 Metals
    8.7 Rayon
    8.8 Others
9. Liquid Filtration Market – By Filter Type (Market Size - US$ Million/Billion)
    9.1 Woven
    9.2 Nonwoven
    9.3 Mesh
10. Liquid Filtration Market – By Filtration System (Market Size - US$ Million/Billion)
    10.1 Particle Filtration
        10.1.1 Bag Filters
        10.1.2 Cartridge Filters
        10.1.3 Self-Cleaning Filters
    10.2 Membrane Filtration
        10.2.1 Reverse Osmosis
        10.2.2 Ultra filtration and Micro-filtration System
11. Liquid Filtration Market- By End-Use Industry (Market Size - US$ Million/Billion)
    11.1 Municipal Treatment
    11.2 Industrial Treatment
        11.2.1 Food & Beverage
        11.2.2 Chemical
        11.2.3 Oil and Gas
        11.2.4 Metal & mining
        11.2.5 Paper and Pulp
        11.2.6 Food and Beverages
        11.2.7 Pharmaceutical
        11.2.8 Textile
        11.2.9 Others
12. Liquid Filtration Market - By Geography (Market Size - US$ Million/Billion)
    12.1 North America
        12.1.1 USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Netherlands
        12.2.6 Spain
        12.2.7 Russia
        12.2.8 Belgium
        12.2.9 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia and New Zealand
        12.3.6 Indonesia
        12.3.7 Taiwan
        12.3.8 Malaysia
        12.3.9 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
            12.5.1.1 Saudi Arabia
            12.5.1.2 UAE
            12.5.1.3 Israel
            12.5.1.4 Rest of the Middle East
        12.5.2 Africa
            12.5.2.1 South Africa
            12.5.2.2 Nigeria
            12.5.2.3 Rest of Africa
13. Liquid Filtration Market – Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. Liquid Filtration Market – Industry/Segment Competition Landscape Premium
    14.1 Company Benchmarking Matrix – Major Companies
    14.2 Market Share at Global Level - Major companies
    14.3 Market Share by Key Geography - Major companies
    14.4 Market Share at Country Level - Major companies
    14.5 Market Share by Key Product Type/Product category - Major companies
15. Liquid Filtration Market – Key Company List by Country Premium Premium
16. Liquid Filtration Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

LIST OF FIGURES

1.US Liquid Filtration Market Revenue, 2023-2030 ($M)
2.Canada Liquid Filtration Market Revenue, 2023-2030 ($M)
3.Mexico Liquid Filtration Market Revenue, 2023-2030 ($M)
4.Brazil Liquid Filtration Market Revenue, 2023-2030 ($M)
5.Argentina Liquid Filtration Market Revenue, 2023-2030 ($M)
6.Peru Liquid Filtration Market Revenue, 2023-2030 ($M)
7.Colombia Liquid Filtration Market Revenue, 2023-2030 ($M)
8.Chile Liquid Filtration Market Revenue, 2023-2030 ($M)
9.Rest of South America Liquid Filtration Market Revenue, 2023-2030 ($M)
10.UK Liquid Filtration Market Revenue, 2023-2030 ($M)
11.Germany Liquid Filtration Market Revenue, 2023-2030 ($M)
12.France Liquid Filtration Market Revenue, 2023-2030 ($M)
13.Italy Liquid Filtration Market Revenue, 2023-2030 ($M)
14.Spain Liquid Filtration Market Revenue, 2023-2030 ($M)
15.Rest of Europe Liquid Filtration Market Revenue, 2023-2030 ($M)
16.China Liquid Filtration Market Revenue, 2023-2030 ($M)
17.India Liquid Filtration Market Revenue, 2023-2030 ($M)
18.Japan Liquid Filtration Market Revenue, 2023-2030 ($M)
19.South Korea Liquid Filtration Market Revenue, 2023-2030 ($M)
20.South Africa Liquid Filtration Market Revenue, 2023-2030 ($M)
21.North America Liquid Filtration By Application
22.South America Liquid Filtration By Application
23.Europe Liquid Filtration By Application
24.APAC Liquid Filtration By Application
25.MENA Liquid Filtration By Application