WILMINGTON, DE / ACCESSWIRE / August 15, 2022 / Transparency Market Research Inc. - Ongoing trends in the industrial filter cartridges market indicate a perceptible shift toward adoption of high-performance and large surface filters in multiple industries including pharmaceuticals, chemicals, inks and paints, food and beverages, automotive manufacturing, and cement. Many key vendors in industrial filter cartridges market are expanding product portfolio of depth and surface filtration products in a bid to tap into new profit streams. The industrial filter cartridge market is forecast to reach worth of US$ 8.3 Bn by the end of 2031.
Product demand for industrial filter cartridges market is growing on the back of implementation of latest industry regulations on effluents and emissions. In developing countries, massive demands for gas filter cartridges and air filter cartridges present an enormous opportunity for industrial filter cartridges market. Of note, the food & beverage industry is at the forefront of adopting filter cartridges.
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Key Findings of Industrial Filter Cartridge Market Study
Rising Uptake of Large Surface Industrial Filters Propelling Growth: Preference of large surface filters in various industrial applications will shape the future prospects of the industrial filter cartridge market. Increased adoption of gas filter cartridges and air filter cartridges in factory shop floors has generated substantial revenues over the past few years.
Massive Demand in Water and Wastewater Treatment Applications to Generate Revenues: Demand for filtration systems is expected to rise in water and wastewater treatment. Industrial filters find abundant use in a wide range of industries since water and wastewater treatment is a crucial process in their production units. Technological advancements in industrial filtration technology will make the products popular for filtering out submicron particulates. The segment held a key share of the global industrial filter cartridge market, and update in regulations on wastewater treatment in chemical manufacturing industry will expand the horizon for future business opportunities in industrial filter cartridges market.
Adoption of Polypropylene Filter Cartridges Underpins Profitable Avenues: The polypropylene filter cartridges currently holds the largest market share of the industrial filter cartridge market. Polypropylene filter cartridges are gaining popularity, given they are used in diverse industry verticals. Cost-effectiveness and attractive product attributes such as acid and alkaline resistance and lightweight will spur the demand in the segment of the industrial filter cartridge market.
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Industrial Filter Cartridge Market: Key Drivers
Rapid pace of industrialization in various regions across the globe has resulted in steady rise in factory output. This is a key driver for expansion of opportunity in the industrial filter cartridges market.
Rise in demand for large surface filtration in food & beverages industry will propel profitable avenues for players in the market. Strides made in the food & beverages manufacturing, along with emphasis on maintaining the quality and taste characteristics, will boost the market.
Industrial Filter Cartridge Market: Regional Growth Dynamics
Asia Pacific held a key market share-amounting to approximately 41%--in 2021. The revenue growth is fueled by rising adoption of filter cartridges in various industries including the manufacturing, power generation, and oil & gas industries. China is estimated to account for the leading share of the regional market during the forecast period.
Firms in the industrial filter cartridge market are tapping into the vast demands in South Asian nations such as Singapore, the Philippines, and Vietnam.
Industrial Filter Cartridge Market: Competitive Strategies by Key Players
Presence of several players in the market makes the competition landscape remarkably fragmented. Companies are leaning on expanding R&D, engaging in mergers and acquisitions, and expanding product portfolio to grow their shares to capture new revenue streams.
Some of the key players in the industrial filter cartridge market are S S Filters Pvt. Ltd., Rosedale Products Inc., Pall Corporation, Nordic Air Filtration, Merck Millipore, Filtration Group BV, Filter Concept Private Limited, Filtcare Technology Pvt. Ltd., and Eaton.
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U.S., Canada, Rest of North America, UK, Germany, France, Rest of Europe, China, India, Japan, Rest of APAC, GCC, South Africa, Rest of MEA, Brazil, and Rest of South America
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