Mining & Metal Filtration Market by Filter Type (Liquid Filter Media, Air Filter Media), Filter Media (Woven Fabric, Non-Woven Fabric, Filter Paper, Fiberglass ), Application, and Region (North America, Europe, APAC, RoW) - Global Forecast to 2028
The mining & metal filtration market is projected to reach USD 888 million by 2028, at a CAGR of 4.7% from USD 707 million in 2023. Mining and metal filtration play a crucial role in the extraction and refining of valuable minerals. This process entails removing undesired impurities and substances from metal ores, guaranteeing exceptional purity and quality. By employing efficient filtration methods, businesses can boost productivity, minimize environmental harm, and optimize resource allocation. This enables them to meet industry benchmarks and provide exceptional metal products to global markets.
Attractive Opportunities in the Mining & Metal Filtration Market
To know about the assumptions considered for the study, Request for Free Sample Report
Mining & Metal Filtration Market Dynamics
Driver: Increasing global demand for metals
The rising global demand for metals is a key catalyst for the expansion of the mining and metal filtration market. This demand surge is primarily propelled by factors like the growth of industries, increased investments in infrastructure projects, energy facilities, smart cities, and advancements in technology. Additionally, increasing global population, rising middle-class incomes, and changing consumer preferences for durable goods contribute to the growing demand for metals in various sectors. As economies continue to grow and develop, there is a rising need for metals like iron ore, copper, aluminum, and others, which are vital for various industries, including construction, automotive, electronics, and energy.
To meet this demand, mining and metal production activities are expanding worldwide. According to the World Mining Data, global mining production reached approximately 16.5 billion metric tons in 2020. In the mining and metal production industry, there is a need for effective filtration systems to address the environmental impact caused by the generation of by-products, waste materials, and emissions. Filtration solutions play a crucial role in separating solids from liquids, eliminating particulate matter, and capturing harmful pollutants from air and water streams. These filtration systems are essential for meeting environmental regulations and minimizing the industry's ecological footprint.
Restraint: Operational disruptions in metal & mining operations
Operational disruptions in filtration systems can occur due to several factors impacting the smooth functioning of the equipment. One major reason is the occurrence of clogging, where the filter media becomes obstructed with particles, impurities, or contaminants. This impedes the flow of fluids or gases through the system, reducing filtration efficiency and causing pressure build-up. Additionally, inadequate maintenance, improper filter media selection, or operating conditions beyond the recommended limits can contribute to operational disruptions. Such disruptions can lead to production delays, decreased productivity, and increased maintenance requirements, ultimately affecting operational efficiency and necessitating additional costs for maintenance, repairs, and media replacement.
Opportunity: Expanding into emerging markets for metal & mining filtration solutions
Expansion in emerging markets presents a lucrative opportunity for filtration solution providers in the metal and mining industry. The rapid industrialization, infrastructure development, and urbanization in Asia-Pacific, Latin America, and Africa are driving the surging demand for metals. To meet these increasing needs, there is a growing requirement for efficient filtration systems that ensure compliance with environmental regulations and optimize operational efficiency. Filtration solution providers can leverage this market expansion by delivering customized filtration solutions that address the unique challenges and demands of these emerging markets. By comprehending the distinct characteristics and requirements of these regions, such as water scarcity, elevated particulate matter levels, and stringent regulatory frameworks, filtration companies can develop innovative products and services that cater to the evolving needs of customers in these markets.
Challenge: High temperature environment in metal & mining operation
In metal and mining operations, high-temperature environments can be encountered, presenting unique challenges for filtration systems. These high temperatures can negatively impact the performance and durability of filtration equipment if not adequately addressed. It is essential to ensure that the filtration equipment is designed and constructed with materials and components that can withstand the elevated temperatures encountered in these processes.
The high temperatures can accelerate the degradation of filter media, reduce filtration efficiency, and increase the risk of equipment failure. Filters that are not designed to handle high temperatures may experience premature clogging, reduced filtration capacity, or even structural damage. This can lead to operational disruptions, decreased productivity, and increased maintenance costs.
Mining & Metal Filtration Market Ecosystem
Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis
"Filtration was the largest segment for mining & metal filtration market in 2022, in terms of value."
The filtration process is an essential stage in mining and metal filtration, enabling the extraction and refinement of valuable minerals. It comprises several key steps that aim to separate solid particles from liquids or slurries, ensuring the production of superior end products. Pre-treatment optimizes the material for filtration, followed by the actual filtration process where impurities are eliminated. The resulting filtrate, a clarified liquid, is collected, while the solid particles form a filter cake, which undergoes additional processing or disposal.
"Liquid filter media was the largest type for mining & metal filtration market in 2022, in terms of value."
Liquid filter media play a pivotal role in the operational success of metal and mining filtration processes. These media, including filter cloths, filter cartridges, and filter membranes, are specifically engineered to withstand the demanding operating conditions and effectively capture and retain solid particles. By selecting the appropriate liquid filter media based on factors like particle size, chemical compatibility, and flow rates, companies can ensure efficient and reliable filtration operations, leading to improved productivity, reduced downtime, and enhanced product quality in the metal and mining industry.
"Asia Pacific was the largest market for mining & metal filtration in 2022, in terms of value."
Asia Pacific was the largest market for global mining & metal filtration market, in terms of value, in 2022. China is the largest market in Asia Pacific. It is projected to witness the second-highest growth during the forecast period considering of high usage of fabric filters in the region for mining & metal processing application.
To know about the assumptions considered for the study, download the pdf brochure
Key Market Players
The key players in this market Clear Edge Filtration Inc, (US), Valmet (Finland), Lydall Inc. (US), Kimberly-Clark Professional (US), Sefar (Switzerland), Khosla Profil Pvt. Ltd. (India), Markert Group Corporation (Germany), Testori Group (Italy), Micronics Engineered Filtration Group, Inc. (US), Finsa (Spain), Arvind Advanced Materials (India), Solaft Filtration Solutions (Australia) and GKD Group (Germany). Continuous developments in the market—including new product launches, mergers & acquisitions, agreements, and expansions—are expected to help the market grow. Leading manufacturers of fabric filters have opted for new product launches to sustain their market position.
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
Request Sample Scope of the Report
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
|
Report Metric |
Details |
|
Years considered for the study |
2020-2028 |
|
Base Year |
2022 |
|
Forecast period |
2023–2028 |
|
Units considered |
Volume (Million Square Meter); Value (USD Million) |
|
Segments |
Filter Type, Filter Media, Application, and Region |
|
Regions |
Asia Pacific, North America, Europe, Middle East & Africa, and South America |
|
Companies |
Clear Edge Filtration Inc, (US), Valmet (Finland), Lydall Inc. (US), Kimberly-Clark Professional (US), Sefar (Switzerland), Khosla Profil Pvt. Ltd. (India), Markert Group Corporation (Germany), Testori Group (Italy), Micronics Engineered Filtration Group, Inc. (US), Finsa (Spain), Arvind Advanced Materials (India), Solaft Filtration Solutions (Australia) , GKD Group (Germany) |
This report categorizes the global mining & metal filtration market based on filter type, filter media, application, and region.
Based on filter type, the mining & metal filtration market has been segmented as follows:
- Liquid Filter Media
- Air Filter Media
Based on filter media, the mining & metal filtration market has been segmented as follows:
- Woven fabric
- Non-Woven Fabric
- Filter Paper
- Fiberglass
Based on region, the mining & metal filtration market has been segmented as follows:
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- South America
Recent Developments
- In August 2021, Clear Edge Filtration, Inc. announced the expansion of their existing Minnesota plant to accommodate continuing growth and future market development plans. This facility will also facilitate technical support, patent of products, and new product development. This facility will add fabrication of liquid filtration media and belting products to its capabilities, using state-of-the-art infrastructure.
- In September 2021, Clear Edge Filtration, Inc. has launched new filter media- Lotus range for the mining and mineral industry to provide longer-life, decrease the frequency of filter cloth changes, and increase efficiency in mining and mineral processing dewatering operations.
- In December 2022, Valmet have signed a two-year service agreement with Karara Mining Ltd for the delivery of filter cloths for tailings filtration to Karara’s mine in Western Australia.
- In June 2021, Valmet has recently made a strategic investment in a state-of-the-art forming fabric weaving machine at its production facility located in Tianjin, China. This move strengthens the company’s capability to serve the customers with high quality fabrics.
- In November 2022, Markert Group acquired 100% of the shares of Cross Filtration LLC in Moravia, New York State. This expansion is a part of company’s development plan to penetrate in the North American market.
- In June 2022, Testori Group has announced the foundation of Testori LATAM, a new company, registered and located in Santiago (Republic of Chile). With this new company, the group aims at developing an ever-growing customer base of end users in those industrial sectors whose processes extensively employ equipment for liquid-solid separation, such as press and vacuum filters.
- In February 2023, Finsa launched the new patented Eyeletless System. The main objective of this system is to eliminate any non-textile component of the clothes by substituting the possible use of metallic eyelets and/or the use of plastic laces or flanges.
Frequently Asked Questions (FAQ):
What is the expected growth rate of the mining & metal filtration market?
The forecast period for the mining & metal filtration market in this study is 2023-2028. The mining & metal filtration market is expected to grow at a CAGR of 4.7%, in terms of value, during the forecast period.
Who are the major key players in the mining & metal filtration market?
Clear Edge Filtration Inc, (US), Valmet (Finland), Lydall Inc. (US), Kimberly-Clark Professional (US), Sefar (Switzerland), Khosla Profil Pvt. Ltd. (India), Markert Group Corporation (Germany), Testori Group (Italy), Micronics Engineered Filtration Group, Inc. (US), Finsa (Spain), Arvind Advanced Materials (India), Solaft Filtration Solutions (Australia) and GKD Group (Germany) are the leading manufacturers of fabric filters.
What are the drivers and opportunities for the mining & metal filtration market?
Increasing global demand for metals is driving the market during the forecast period. Expanding into emerging markets for metal & mining filtration solutions acts as an opportunity during the forecast period.
Which are the key technology trends prevailing in the mining & metal filtration market?
The key technologies prevailing in the mining & metal filtration market include nanofiltration, and automated filtration systems. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
The study involved four major activities in estimating the market size of the mining & metal filtration market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. These secondary sources include annual reports, press releases, investor presentations of companies, white papers, certified publications, trade directories, certified publications, articles from recognized authors, gold standard and silver standard websites, and databases.
Secondary research has been used to obtain key information about the value chain of the industry, monetary chain of the market, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.
Primary Research
The mining & metal filtration market comprises several stakeholders in the value chain, which include raw material suppliers, manufacturers, and end users. Various primary sources from the supply and demand sides of the mining & metal filtration market have been interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include key opinion leaders in end-use sectors. The primary sources from the supply side include manufacturers, associations, and institutions involved in the mining & metal filtration industry.
Primary interviews were conducted to gather insights such as market statistics, data of revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, raw material, application type, end-use industries, and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of mining & metal filtration and outlook of their business which will affect the overall market.
The breakdown of profiles of the primary interviewees is illustrated in the figure below:
Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2022 available in the public domain, product portfolios, and geographical presence.
Other designations include consultants and sales, marketing, and procurement managers.
To know about the assumptions considered for the study, download the pdf brochure
|
Company Name |
Designation |
|
Clear Edge Filtration, Inc. |
Individual Industry Expert |
|
Lydall Inc. |
Sales Manager |
|
Arvind Advanced Materials |
Director |
|
Testori Group |
Marketing Manager |
|
Finsa |
R&D Manager |
|
|
|
Market Size Estimation
The top-down and bottom-up approaches have been used to estimate and validate the size of the mining & metal filtration market.
- The key players in the industry have been identified through extensive secondary research.
- The supply chain of the industry has been determined through primary and secondary research.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
- The research includes the study of reports, reviews, and newsletters of the key market players, along with extensive interviews for opinions with leaders such as directors and marketing executives.
Mining & Metal Filtration Market: Bottum-Up Approach
Note: All the shares are based on the global market size.
Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis
To know about the assumptions considered for the study, Request for Free Sample Report
Mining & Metal Filtration Market: Top-Down Approach
Data Triangulation
After arriving at the total market size from the estimation process explained above, the overall market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated by using both the top-down and bottom-up approaches and primary interviews. Hence, for every data segment, there have been three sources—top-down approach, bottom-up approach, and expert interviews. The data was assumed correct when the values arrived from the three sources matched.
Market Definition
Mining & metal filtration refers to the process of separating solid particles, impurities, and contaminants from fluids or liquids used in mining and metal processing operations. It encompasses the use of specialized filtration systems and media to ensure the cleanliness, purity, and quality of process water, slurry, tailings, metal concentrates, and other liquid streams associated with these industries.
Key Stakeholders
- Senior Management
- End User
- Finance/Procurement Department
- R&D Department
Report Objectives
- To define, describe, and forecast the size of the mining & metal filtration market, in terms of value and volume.
- To provide detailed information regarding the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the market
- To estimate and forecast the market size based on filter type, filter media, and application, , and region.
- To forecast the size of the market with respect to major regions, namely, Europe, North America, Asia Pacific, Middle East & Africa, and South America, along with their key countries
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market
- To analyze opportunities in the market for stakeholders and provide a competitive landscape of market leaders.
- To track and analyze recent developments such as expansions, new product launches, partnerships & agreements, and acquisitions in the market.
- To strategically profile key market players and comprehensively analyze their core competencies.
Available Customizations
Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Regional Analysis
Further breakdown of a region with respect to a particular country or additional application
Company Information
Detailed analysis and profiles of additional market players
Tariff & Regulations
Regulations and impact on mining & metal filtration market
Growth opportunities and latent adjacency in Mining & Metal Filtration Market