Projected to reach $3.78 billion by 2021, the global filtration market is set to experience prominent growth over the forecast period. Therefore, it’s important for engineers and manufacturers to understand what’s driving global filtration market and how these trends impact them.
Trend #1: Technological Advances
As more companies invest in R&D, filter media is experiencing significant innovations. In particular, these innovations include:
- More energy efficient filtration
- Reduction in greenhouse gases
- Reduced resistance to flow
- Decreased operating costs
- Enhanced filtration performance
In addition to driving industrial filtration demand, these trends are helping to shape the entire make up and functionality of the industry itself.
Trend #2: India’s Chemical Sector Growth
According to Business Wire, India’s petrochemical and chemical industry is experiencing significant growth. This is due to increased demand from the manufacturing, agricultural and agricultural sectors especially. The result of this rapid growth is likely to rise the demand for industrial filters and shape the overall volume needed in this market.
Trend #3: Emerging Asian Economies
In addition to India’s rapid urbanization, Asian pharmaceutical markets are growing, which will contribute to air filter demand especially. This is because air filters play an important role in drug manufacturing. To address this, manufacturers will need to be aware of rising global supply needs for certain filter types.
As the filter industry grows and changes, it will become especially important for manufacturers to use efficient materials in their assembly. For information on filter adhesives in particular, view this relevant content:
- Adhesives’ Role in Filter Media Manufacturing
- Understand Filter Adhesives At-a-Glance
- Hot Melt Adhesives Used in Filter Assembly
- Filter Adhesive Uses, Applications and Technologies
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