Liquid Filtration Market Overview
The Liquid Filtration Market size is forecast to
reach US$2.7 billion by 2027 after growing at a CAGR of 6.1% during the
forecast period 2022-2027. Liquid Filtration is the
process of removing solids from a contaminated liquid by passing it through a
filter media in order to contain solid particles and to allow clean liquid to
pass through the system. Different types of liquid filtration systems include
particle filtration and membrane filtration such as reverse osmosis and micro-filtration
system. The Ministry of Petroleum and
Natural Gas (MoPNG) announced that activities related to 8,363 Oil & Gas projects
worth INR 5.88 lakh crore (US$ 80.47 billion) have resumed in India since April
2020. This, in turn, has increased the demand for liquid filtration systems in
order to filter, refine, and treat the wastewater produced from these
production sites. An
increase in demand from the oil & gas sectors along with strict government
regulations to adopt water treatment acts as major drivers for the market. On the other hand, the dependency of the liquid filtration industry on
industrial catalysts may act as a major constraint for the market.
COVID-19 Impact
There is no doubt that the COVID-19 lockdown has significantly reduced production activities, as a result of the country-wise shutdown of production sites, shortage of labor, and the decline of supply and demand chain all over the world. Studies show that the outbreak of COVID-19 sharply declined oil and gas production in 2020 due to a lack of operations across multiple countries around the world. A decline in production activities significantly reduced the production of liquid waste generated from these petroleum refinery sites, thus, affecting the market. However, a slow recovery in new development and production activities has been witnessed across many countries around the world since the end of 2020. For instance, in September 2020, the Indian Oil Corporation (IOC) had approved an investment of INR 1,268 crore (US$ 173.5 million) in order to set up a needle coker unit at the firm's Paradip refinery in Odisha. The proposed unit is expected to have a total Calcined Needle Coke (CNC) production capacity of around 56-kilo tonnes per year. Likewise, Australia announced its Scarborough Gas Project and Pluto LNG Expansion worth US$ 11 billion to be resumed since 2020. The facility was built with a targeted capacity of 4-5 mtpa, which will be responsible for developing the gas from the Scarborough field, located 270km off the coast of Western Australia. In this way, a slow and steady increase in oil and gas production activities is expected to increase the demand for liquid filtration for waste water treatment produced from these production sites. This will eventually lead to a steady recovery of the market in the upcoming years.
Liquid Filtration Market Report Coverage
The report: “Liquid Filtration Market – Forecast (2022-2027)”, by IndustryARC
covers an in-depth analysis of the following segments of the Liquid Filtration Industry.
By Fabric Material
Type: Cotton,
Polymer, Wool, Linen, Glass Fiber, Metals, Rayons, Others.
By Filter Type: Woven,
Nonwoven, and Mesh.
By Filtration
System: Particle
Filtration, Membrane Filtration.
By End-Use
Industry: Municipal
Treatment, Industrial Treatment.
By Geography: North America (USA, Canada, and
Mexico), Europe (the UK, Germany, France, Italy, Netherlands, Spain, Russia,
Belgium, and the Rest of Europe), Asia-Pacific (China, Japan, India, South
Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and the Rest of
Asia-Pacific), South America (Brazil, Argentina, Colombia, Chile and the Rest
of South America), the Rest of the World (the Middle East, and Africa).
Key Takeaways
- Membrane filtration system in Liquid Filtration Market is expected to see the fastest growth, especially during the forecast period. Its wide range of benefits such as high energy efficiency, and cost-effectiveness made it stand out in comparison to other filtration systems in the market.
- Municipal Industry in Liquid Filtration Market is expected to see the fastest growth, especially during the forecast period, owing to the increasing demand for waste water treatment from the industry.
- North America dominated the Liquid Filtration Market in 2021, owing to the increasing demand for water treatment due to the shale gas exploration in the region in recent years.
Figure: North America Liquid Filtration Market Revenue, 2021-2027 (US$ Billion)
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Liquid Filtration Market Segment Analysis – By Filtration System
The membrane filtration system held the
largest share in the Liquid Filtration Market in 2021 and is expected to grow
at a CAGR of 6.2% between 2022 and 2027, owing to its increasing demand due to
the benefits it offers over other types of filtration systems. Membrane
filtration system such as reverse osmosis, and micro-filtration system offers
high flexibility, high-end product quality, and are relatively less expensive
than other types of liquid filtration system. Moreover, it is more energy-efficient, allows filtration of any volumes of non-turbid liquid, and is
capable of removing 90% to 100% pathogens from the water sample in comparison
to other liquid filtration systems. Hence, all of these benefits of membrane
filtration system such as reverse osmosis, and micro-filtration system are
driving its demand over other types of filtration systems, which in turn, is
expected to boost the market growth in the upcoming years.
Liquid Filtration Market Segment Analysis – By End-Use Industry
The municipal industry held the largest share
in the Liquid Filtration Market in 2021 and is expected to grow at a CAGR of 6.4%
between 2022 and 2027, owing to the increasing demand for liquid filtration for
municipal waste water treatment generated from various countries across the
world. For instance, according to the Environmental Information System (ENVIS),
the total amount of municipal wastewater generation in India reached up to
72,368 MLD whereas the total water treatment capacity reached up to 36,668 MLD
in 2020.
According to the United States Environmental Protection Agency, more than 75% of the country’s population is served by centralized wastewater collection, treatment, and filtration systems. There are around 16,000 municipal waste water treatment and filtration facilities that are operational throughout the country. Over 30% of the facilities for waste water treatment produce cleaner discharges by providing higher levels of treatment than secondary treatment. Likewise, recent insights from the University of Michigan - Center for Sustainable Systems, states that California recycled around 1.5 million acre-feet of water per year in 2020, and it is expected to reach up to 2.5 million acre-feet of water per year by the end of 2030. In this way, an increase in demand for municipal waste water treatment is expected to increase the demand for liquid filtration, thus, leading to market growth in the upcoming years.
Liquid Filtration Market Segment Analysis – By Geography
North America held the largest share in
the Liquid Filtration Market in 2021 up to 34%, owing to the increase in demand
for wastewater treatment that is generated from oil and gas production
activities. For instance, the government of the USA announced the continuation
of operations of the Alaska LNG Liquefaction Plant project worth US$ 43 billion
in 2020. The Alaska LNG represents a three-train liquefaction plant, gas
treatment plant, an 800-mile pipeline. The facility is expected to export
around 3.5 billion cubic feet of gas per day from Alaska’s North Slope gas
fields and is scheduled to begin its operations in 2025. Likewise, in 2019, the
Canadian Association of Petroleum Producers (CAPP) stated that Canada is
capable of producing 16,000 barrels of crude oil per day along with 5.5 billion
cubic feet of natural gas per day. It
also stated that Canada's oil production is estimated to reach 106.3 million
barrels per day by 2040. According to
the American Petroleum Institute (API), more than 18 billion barrels of waste liquid
from oil and gas production are generated annually in the United States.
Authorities such as the Environmental Protection Agency (EPA) have enforced strict regulations on the discharge limits of pollutants in water. According to the Environmental Protection Agency, liquid waste produced from crude oil and natural gas exploration and production are usually subject to regulation under Subtitle D of the Resource Conservation and Recovery Act (RCRA) and state regulations, and several state governments have come up with specific regulations and guidance for exploration and production wastes. An increase in oil and gas production activities has also increased the risk of possible effects on public health and the environment, including possible negative effects arising from improper management of wastes from exploration and production activities. Hence, the regulations enforce the importance of proper wastewater management and treatment for all exploration and production wastes. In order to abide by the existing regulations, the demand for waste water treatment generated during these oil and gas production activities has also increased significantly. This, in turn, is expected to increase the demand for liquid filtration in order to filter and refine the wastewater generated from these production sites, thus, leading to the growth of the market during the forecast period.
Liquid Filtration Market Drivers
Increasing demand for oil and gas production is most likely to drive the market growth
Continuously increasing demand for oil and gas
supplies from the industrial, commercial, and residential sectors is a key
driver for market growth. For instance, Nigeria announced the start of its
project called Dangote Refinery and Polypropylene Plant worth US$ 11 billion
which is expected to begin its operations by 2022. The facility is expected to
process different grades of crude including shale oil, along with a production
capacity of 104,000 b/d of diesel, 153,000 b/d of gasoline, 4,109 b/d of LPG,
73,000 b/d of jet fuel, and 12,300 b/d of fuel oil. Similarly, Russia completed
its project called Nord Stream 2 Gas Pipeline worth US$ 10.8 billion in 2021.
The pipeline has increased the gas capacity of the Nord Stream route to 110
billion m3 per annum.
Water filtration system plays a major role in
filtering and refining the wastewater generated from the oil & gas sector
during production activities. This not only reduces the negative impact of
generated wastewater on the environment but also helps the industry save a lot
of money by reusing recycled waste materials. In this way, an increase in
demand for oil and gas production activities in various countries across the
world will also increase the demand for wastewater treatment generated during
these production activities in order to maintain the prevailing environmental
regulations, thus, leading to market growth in the upcoming years.
Strict government regulations to adopt wastewater treatment is most likely to drive the market growth
Authorities such as the Environmental
Protection Agency (EPA) have enforced strict regulations on the discharge limits
of pollutants in wastewater. For instance, the U.S. Environmental Protection
Agency has issued Effluent Guideline regulations for industries under the Clean
Water Act (CWA). According to this regulation, the maximum level of
contamination that is allowed in discharge depends on the type of industry
along with the levels that have been set as per the performance of treatment
systems. Any kind of desecration of these regulations or guidelines can lead to
an environmental penalty. Exceeding the mentioned discharge levels, abnormal or
accidental release of pollutants along with the failure of discharge reporting can
result in an environmental penalty. Hence, all the manufacturers from multiple
industries are bound to follow these regulations and tend to treat wastewater
properly in order to avoid such penalties. Since liquid filtration systems are
primarily used in multiple industries for filtering, refining, and treatment of
wastewater, this, in turn, can lead to significant growth of the Liquid
Filtration Market.
Liquid Filtration Market Challenges
Dependency on industrial catalysts may cause an obstruction to the market growth
Dependency on industrial catalysts is one of
the major challenges faced by the liquid filtration industry. Industrial
catalysts play a vital role in improving the flow of the liquid filtration process
in order to make it stable. However, these catalysts are quite expensive as
well as difficult to maintain. These catalysts come with fixed guidelines and it
is essential to remove all particles in the slurry from the final product for
the catalysts to work. In addition to this, many of these catalysts work according
to the size of the particles, which in turn, makes the process much more complex.
Thus, such problems and complexity associated with industrial catalysts
required in the liquid filtration industry may confine the growth of the market.
Liquid Filtration Market Landscape
Technology launches, acquisitions, and R&D
activities are key strategies adopted by players in the market. Liquid Filtration Market top 10 companies include:
- Clear Edge
- Lydall, Inc.
- Ahlstrom-Munksjo
- Valmet
- Kimberly-Clark Corporation
- Freudenberg Filtration Technologies
- Fibertex Nonwovens
- Hollingsworth & Vose
- Johns Manville
- Sefar AG
Recent Developments
In
May 2019, Saint-Gobain launched its membrane liquid filtration technology. This
technology is developed from layers of high purity recrystallized silicon
carbide that is capable of purifying demanding liquid flows at supreme levels
of efficiency. Its major application areas include water & waste water,
industrial processes & life sciences, and recreational water.
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LIST OF TABLES
LIST OF FIGURES
1.US Liquid Filtration Market Revenue, 2023-2030 ($M)2.Canada Liquid Filtration Market Revenue, 2023-2030 ($M)
3.Mexico Liquid Filtration Market Revenue, 2023-2030 ($M)
4.Brazil Liquid Filtration Market Revenue, 2023-2030 ($M)
5.Argentina Liquid Filtration Market Revenue, 2023-2030 ($M)
6.Peru Liquid Filtration Market Revenue, 2023-2030 ($M)
7.Colombia Liquid Filtration Market Revenue, 2023-2030 ($M)
8.Chile Liquid Filtration Market Revenue, 2023-2030 ($M)
9.Rest of South America Liquid Filtration Market Revenue, 2023-2030 ($M)
10.UK Liquid Filtration Market Revenue, 2023-2030 ($M)
11.Germany Liquid Filtration Market Revenue, 2023-2030 ($M)
12.France Liquid Filtration Market Revenue, 2023-2030 ($M)
13.Italy Liquid Filtration Market Revenue, 2023-2030 ($M)
14.Spain Liquid Filtration Market Revenue, 2023-2030 ($M)
15.Rest of Europe Liquid Filtration Market Revenue, 2023-2030 ($M)
16.China Liquid Filtration Market Revenue, 2023-2030 ($M)
17.India Liquid Filtration Market Revenue, 2023-2030 ($M)
18.Japan Liquid Filtration Market Revenue, 2023-2030 ($M)
19.South Korea Liquid Filtration Market Revenue, 2023-2030 ($M)
20.South Africa Liquid Filtration Market Revenue, 2023-2030 ($M)
21.North America Liquid Filtration By Application
22.South America Liquid Filtration By Application
23.Europe Liquid Filtration By Application
24.APAC Liquid Filtration By Application
25.MENA Liquid Filtration By Application