San Francisco, California, August 16, 2018: TMR Research’s latest report, titled, “Filtration and Contamination Control Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025,” finds that the market is making rapid strides owing to stringent regulations pertaining to the environmental protection. Liquid filtration finds application in purification of liquid-liquid and solid liquid materials in most industries. This helps them to improve the quality of their products. Liquid filtration also finds usage in removing harmful impurities from the waste before disposing it off.
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At the forefront of driving the global filtration and contamination control market is the power industry. The market is also being driven by the off-road and on-road applications. Besides, factory processes and mechanical equipment need to perform smoothly. This is benefitting the global filtration and contamination control market too. The adoption of the product is high in chemical and petrochemical refineries and metal manufacturing industries. However, fluctuations in raw material cost is affecting the market negatively.
Despite looking promising, the global filtration and contamination control market is being hobbled by a few factors. Those include the emergence of electric vehicles and fluctuating raw material costs.
From a geographical standpoint, the global filtration and contamination control market is being led by North America owing to the superior manufacturing facilities in the region. Presence of several manufacturers in the region, particularly the U.S., too has provided a fillip to the market. Europe is another key region which accounts for a substantial share. Meanwhile, Asia Pacific is expected to be the fastest growing filtration and contamination control market which is seeing rapid growth owing to fast paced industrialization, particularly in the nations of China and India.
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Prominent participants in the global filtration and contamination control market include Donaldson Company, Inc., MANN+HUMMEL Holding GmbH, Cummins Inc., Pall Corporation, Parker-Hannifin Corp., and CECO Environmental Corp.