Global Liquid Filtration Market to 2027 – Featuring Clear Edge, Lydall and Valmet Among Others – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Liquid Filtration Market” report has been added to ResearchAndMarkets.com’s offering.
The Liquid Filtration Market size is forecast to reach US$2.7 billion by 2027 after growing at a CAGR of 6.1% during the forecast period 2022-2027.
Companies Include:
- Clear Edge
- Lydall, Inc.
- Ahlstrom-Munksjo
- Valmet
- Kimberly-Clark Corporation
- Freudenberg Filtration Technologies
- Fibertex Nonwovens
- Hollingsworth & Vose
- Johns Manville
- Sefar AG
COVID-19 Impact
There is no doubt that the COVID-19 lockdown has significantly reduced production activities, as a result of the country-wise shutdown of production sites, shortage of labor, and the decline of supply and demand chain all over the world. Studies show that the outbreak of COVID-19 sharply declined oil and gas production in 2020 due to a lack of operations across multiple countries around the world.
A decline in production activities significantly reduced the production of liquid waste generated from these petroleum refinery sites, thus, affecting the market. However, a slow recovery in new development and production activities has been witnessed across many countries around the world since the end of 2020.
Liquid Filtration Market Drivers
Increasing demand for oil and gas production is most likely to drive the market growth
Continuously increasing demand for oil and gas supplies from the industrial, commercial, and residential sectors is a key driver for market growth. For instance, Nigeria announced the start of its project called Dangote Refinery and Polypropylene Plant worth US$ 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.
Key Topics Covered:
1. Liquid Filtration Market – Market Overview
2. Liquid Filtration Market – Executive Summary
3. Liquid Filtration Market – Comparative analysis
4. Liquid Filtration Market – Market Forces
5. Liquid Filtration Market – Strategic Analysis
6. Liquid Filtration Market – By Fabric Material Type (Market Size – US$ Million/Billion)
7. Liquid Filtration Market – By Filter Type (Market Size – US$ Million/Billion)
8. Liquid Filtration Market – By Filtration System (Market Size – US$ Million/Billion)
9. Liquid Filtration Market- By End-Use Industry (Market Size – US$ Million/Billion)
10. Liquid Filtration Market – By Geography (Market Size – US$ Million/Billion)
11. Liquid Filtration Market – Entropy
13. Liquid Filtration Market Company Analysis – Business Overview, Product Portfolio, Financials, and Developments
For more information about this report visit https://www.researchandmarkets.com/r/1iq53m
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