Filtration & Separation Market Outlook -2026: The filtration & separation refers to the removal and elevation of airborne and waterborne pollutant and particles

PORTLAND, OR, UNITED STATES, January 5, 2021 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, " Filtration & Separation Market by Type and End-User: Global Opportunity Analysis and Industry Forecast, 2019–2026," the global filtration & separation market size 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.

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By type, the gas and liquid segment garnered the largest share in the filtration & separation market in 2018. In addition, the expansion of HVAC and chemical industry throughout the globe especially in nations such as the U.S., China, and India, fuels the demand for filtration & separation. The manufacturers of 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, by end-user, the water and wastewater segment 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 air segment is expected to exhibit significant growth during the forecast period. In terms of region, North America, and Asia-Pacific collectively contributed around 69.8% of shares in the global filtration & separation market in 2018.

Key Players:

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.

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Key Findings of the Study:

Depending on type, the gas and liquid segment dominated the filtration & separation market, in terms of revenue in 2018 and air is projected to grow at a CAGR 3.7% during the forecast period.

By end-user, the water and wastewater segment 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 the filtration & separation market trends and emerging opportunities of the filtration & separation market.

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

David Correa
Allied Analytics LLP
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