Rapid urbanisation and industrialization, rigorous regulations for effective industrial waste treatment, and rising pollution levels in ground and surface water are major drivers driving market revenue growth.
Gravity Filtration Market Size – USD 2.54 Billion in 2021, Growth – at a CAGR of 6.60%.
The global Gravity Filtration Market size was USD 2.54 Billion in 2021 and is expected to register a revenue CAGR of 6.60% over the forecast period, according to the latest report by Reports and Data.
Rapid urbanisation and industrialization, rigorous regulations for effective industrial waste treatment, and rising pollution levels in ground and surface water are major drivers driving market revenue growth. A number of pollutants are produced in wastewater streams by industrial facilities and small business entities. As a result, industrial water filtration systems are employed as part of process water or tertiary wastewater treatment system applications, which is boosting market revenue growth. According to study, about 50 million tonnes of hazardous garbage would be discarded globally by February 2021.
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Top Companies: Alkegen, Ahlstrom, Valmet, Freudenberg Filtration Technologies GmbH Co. KG, Sefar AG, MANN+HUMMEL, Johns Manville, Sandler, KCWW and Fibertex Nonwovens A/S.
Further Key Finding from the Report Suggestion:
- The worldwide Gravity Filtration market has been divided into four segments based on fabric material: aramid, cotton, polymer, and metal. During the projection period, the polymer segment is predicted to have considerable revenue growth. Polymers are becoming more popular for membrane filtering due to their flexibility, ease of handling, and cost-effectiveness over inorganic membranes made of metals, oxides, and ceramics.
- The ability of a filter media to retain the particles present in the suspension is one of the most significant variables in attaining successful filtering. Polymer Nanocomposites (PNCs) are one type of polymeric material that is quickly gaining popularity due to improved processability, surface area, stability, changeable characteristics, and cost effectiveness. PNCs exhibit quick decontamination and excellent selectivity in the removal of diverse pollutants.
- North America held the highest revenue share in the worldwide Gravity Filtration market in 2021, owing to expanding sectors such as food and beverage (FB), chemical, and pharmaceutical, among others, as well as growing concern about soil and water quality. Pollution from commercial, industrial, and residential waste is driving revenue growth in the market. After purchasing Protect Plus Air Holding, Inc. in September, Freudenberg's Filtration Technologies business sector concluded another purchase in the United States on December 2, 2021. It has acquired RPS Products, a filter manufacturer that also distributes air filters to retailers for use in residential and commercial facilities. By 2020, the company had over 200 employees and a revenue of more than USD 41 million.
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
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The global Gravity Filtration Market is segmented into:
Fabric Material Outlook (Revenue, USD Billion; 2019-2030)
- Aramid
- Cotton
- Polymer
- Metal
Filter Media Outlook (Revenue, USD Billion; 2019-2030)
- Non-Woven
- Woven
- Mesh
End-User Outlook (Revenue, USD Billion; 2019-2030)
- Industrial treatment
- Municipal treatment
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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