Liquid Filtration Market

New Product Launches is the Key Strategy Adopted by the Leading Players to Strengthen Their Position in the Liquid Filtration Market

The market size of liquid filtration is estimated to be USD 1.89 billion in 2018 and is projected to reach USD 2.54 billion by 2023, at a CAGR of 6.0%. Major companies operating in this market, such as Valmet (Finland), Clear Edge Filtration (US), Eaton Corporation (US), Lydall (US), Sefar AG (Switzerland), Sandler AG (Germany), GKD (Germany), Freudenberg Filtration Technologies (Germany), Fibertex Nonwoven (Denmark), and American Filter Fabrics (US), have adopted both organic and inorganic growth strategies such as new product launches, acquisitions, and expansions to serve their customers efficiently and increase their market shares.

New product launches was the key strategy adopted by the major players to strengthen their position in the liquid filtration market between 2015 and 2018. This strategy accounted for a share of 60.0% of the overall growth strategies adopted by the leading players between 2015 and 2018. Adopting this strategy has helped the companies to fulfill the emerging and growing need for liquid filtration in industries such as municipal treatment, food & beverage, mining, chemical, and pharmaceutical.

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Valmet has a strong foothold in the liquid filtration market. It is strengthening its position by adopting various expansions to meet the growing demand from customers. The company has a robust product portfolio of liquid filtration media for mining, chemical, pulp & paper, and several other industries. It aims at creating value for its customers through varied and market-driven portfolios in different businesses. In April 2015, the company expanded its filter fabrics production and R&D center in Ovar, Portugal. Along with the production unit, the company also aimed at strengthening its filtration-related R&D to increase its competitiveness in the global filtration market.   

Eaton Corporation (US) is another major player operating in the liquid filtration market. The company has a broad product portfolio for liquid filtration technology. In June 2018, Eaton launched a new high-performance and colorless filter bag named MAX-LOAD. This new filter bag range offers an excellent dirt-holding capacity and is suitable for applications involving high retention ratings, including water treatment, filtration of bulk and fine chemicals or metal cleaning. The filter bag is made of melt-blown polypropylene or polyester. In May 2017, Eaton expanded its range of membrane and depth filter cartridges. The new filter cartridges were tailored to the specific requirement for beer, wine, mineral water, and non-alcoholic beverage applications.

Related Reports:

Liquid Filtration Market by Fabric Material (Polymer, Cotton, Aramid), Filter Media (Woven, Nonwoven), End User (Municipal, Food & Beverage, Mining), and Region (North America, Europe, APAC, South America) - Global Forecast to 2023

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Report Code
CH 6693
RI Published ON
10/17/2018
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