Tag: Filtration and Contamination Control Market

Global Filtration and Contamination Control Market Fuelled by Strict Environmental Rules

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.

Filtration and Contamination Control Market – Huge Growth Opportunities for Players by 2025

Filtration and Contamination Control Market: Overview 

The global filtration and contamination control market is propelled by the increasingly restrictive environmental regulations compelling the use of cleaner fuels. Liquid filtration is used for the purification of solid-liquid and liquid-liquid materials, across almost all industries, so as to enhance the quality of products.  Liquid filtration is also used for the removal of harmful impurities from the waste before disposal. The growth of the power generation industry is one of the key factors creating a need for filtration and contamination control, thus driving the market. In addition to this, the demand for filtration from on-road and off-road applications will help boost the market. The mechanical equipment and factory processes require high efficiency and performance and this will also encourage the growth of the filtration and contamination control market. 

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Filtration and Contamination Control Market: Key Trends 

A surge in industrialization across developing nations is anticipated to create growth opportunities in the global filtration and contamination control market. The continued implementation and upgrading of emission standards is pushing the growth of the filtration and contamination control market. The emergence of alternative and renewable energy source will also create potential growth opportunities in this market. The industrial segment is projected to lead and drive the market towards growth on account of the high rate of deployment of filtration and contamination control devices. The adoption rate is especially high in metal manufacturing industries and chemical and petrochemical refineries. On the other hand, factors challenging the growth of the market include growing demand and use of electric vehicles and volatility in the cost of raw materials.

Filtration and Contamination Control Market: Market Potential

The dependence of almost all end user application areas on liquid filtration and contamination control devices for the purification of solid-liquid and liquid-liquid raw materials is anticipated to be a strong plus point, which will continue to ensure the growth of the market. The lifespan of equipment is increased and performance is enhanced by the adoption of filtration and contamination control devices and this is further expected to push the market’s growth.

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Companies such as Eaton Corporation plc have devised automatic self cleaning and pipeline strainers. These devices help in the protection of the equipment from debris, thus ensuring long life of the equipment.

Filtration and Contamination Control Market: Regional Outlook 

On the basis of geography, the market is segmented into Asia Pacific, Europe, North America, and the Rest of the World. Of these, the market is led by North America on account of the presence of several manufacturers of the filtration and contamination control devices. Europe, trailed by Asia Pacific is anticipated to lead in the filtration and contamination control market in the coming years. The high demand from oil and gas sectors as well as the aerospace industries will likely create a high demand for these devices in the future in North America. Moreover, stringent regulatory policies in the region are also fueling the adoption rates of filtration and contamination control. Further, continuous upgradations in power generation sectors are driving the market in North America. The U.S. led the market in North America.

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Filtration and Contamination Control Market: Competitive Landscape

Key players operating in the global filtration and contamination control market are Donaldson Company, Inc. (U.S.), MANN+HUMMEL Holding GmbH (Germany), Cummins Inc. (U.S.), Pall Corporation (U.S.), Parker-Hannifin Corp. (U.S.), CECO Environmental Corp. (U.S.).Clarcor Inc. (U.S.), Eaton Corporation plc (Ireland), Filtration Group Corporation (U.S.), and HYDAC International GmbH (Germany). The report gives details about each player such as recent developments, information about their mergers and acquisition activities, and business and financial overview. Also, the business strategies adopted by players to expand in the market have been included in this report.

Filtration and Contamination Control a Basic Need of Industries

San Francisco, California, June 02, 2017: TMR Research announces a new report on the global filtration and contamination control market. The market’s historical growth trajectory is assessed in brief in the report, along with a detailed description of the market’s current dynamics. Using this data, solid projections regarding the global filtration and contamination control market growth potential have been provided in the report. The report is titled ‘Filtration and Contamination Control Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025.’

The global filtration and contamination control market has exhibited a steady rise in the last few years due to the rising government support to environmental regulations. As a result, the need for cleaner fuels has grown, which has led directly to a steady demand from the filtration and contamination control market. The growing acknowledgement of the human contribution to environmental contamination and pollution has led to a prevalence of supportive regulatory frameworks conducive for the growth of the filtration and contamination market.

The essential driver for the global filtration and contamination control market is the consistent need for liquid-liquid or solid-liquid filtration and contamination control in almost every end use industry. Due to the rising awareness about consumer safety and support from regulatory frameworks for it, filtration and contamination control has become a basic need for almost industries. The industrial sector is likely to remain the leading consumer in the global filtration and contamination control market in the coming years, due in large part to the rapid urbanization in Southeast and East Asia, the Middle East, Africa, and Latin America. The sustained demand for urban development in countries such as India, China, Brazil, South Africa, Thailand, Taiwan, Argentina, Mexico, Saudi Arabia, and the UAE is thus vital for the global filtration and contamination control market.

The strong prospects of the petrochemicals and chemicals industries in the coming years bode well for the global filtration and contamination control market. The petrochemicals sector has been boosted by the sustained growth of the consumer goods market, which makes heavy use of petroleum derivatives, and is thus likely to remain among the leading end-use segments of the global filtration and contamination control market in the coming years.

The global filtration and contamination control market is likely to be led by North America in the coming years. The strong presence of several leading producers of filtration and contamination control systems has propelled the North America market. The rapid development of the petrochemicals as well as aviation industries in North America is a key driver for the filtration and contamination control market in the region. North America is a leading hub for pioneering research in aviation and is likely to remain progressive in this respect, entailing consistent demand from the filtration and contamination control market.

The report profiles the leading players operating in the global filtration and contamination control market in order to shed light on the market’s competitive dynamics. Key companies in the filtration and contamination control market include Pall Corporation, Donaldson Company, Inc., Eaton Corporation Plc, Cummins Inc., Clarcor Inc., Filtration Group Corporation, Parker-Hannifin Corp., MANN+HUMMEL Holding GmbH, and CECO Environmental Corp.