Market Leaders - Refinery and Petrochemical Filtration Market
The global refinery and petrochemical filtration market is projected to reach USD 6.1 billion by 2028 from an estimated USD 4.6 billion in 2023, at a CAGR of 6.0% during the forecast period. Factors such as increased investments in downstream sector and increasing environmental mandates for efficient industrial waste disposal is driving the need for filtration systems in refineries and petrochemical industry.
The refinery and petrochemical filtration market is served by a mix of large international players with global operational presence and local players with a strong domestic supply network. 3M (US), Pall Corporation (US), Parker Hannifin Corporation (US), Eaton (Ireland), and Pentair Filtration Solutions, LLC (US) are the market leaders in the global refinery and petrochemical filtration market. These companies use strategies such as product launches, mergers, and acquisitions to increase their market share.
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3M is one of the leading manufacturers of industrial and mechanical products. The company’s diversified portfolio caters to the demand of various markets such as electronics, telecommunications, industrial, consumer and office, healthcare, and safety.
The company operates its business through four business segments, namely, Safety and Industrial, Healthcare, Transportation and Electronics, and Consumer. The Safety and Industrial business segment, which caters separation and purification system portfolio includes refinery and petrochemical filtration systems and solutions.
Pall Corporation is one of the leaders in filtration, separation, and purification solutions for various industries, including food & beverage, aerospace, microelectronics, oil and gas, power generation, chemical, polymer, and industrial manufacturing. It offers a wide range of products: high-flow filters, lenticular filters, lube & hydraulic filters, oil purifiers, condition monitoring, and coalescers. It highly invests in research and development for innovation.
Pentair Filtration Solutions, LLC designs, manufactures, and sells filtration systems and technologies. The company’s product portfolio includes cartridge, bag, and membrane filters, along with UV disinfection systems and reverse osmosis (RO) systems for desalination and water reuse applications.
It offers refinery and petrochemical filtration products under its Industrial and Flow Technology segment. The segment provides products and solutions to various industries and sectors, such as food & beverage, chemical, petrochemical, pharmaceutical, and industrial manufacturing. It offers products like pumps, valves, filtration, and separation technologies.
Parker Hannifin Corp. is an American corporation specializing in motion and control technologies. It operates through two business segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment is further classified into five business subsegments: Engineered Material Group, Filtration Group, Fluid Connectors Group, Instrumentation Group, and Motion Systems Group. The Filtration Group subsegment offers filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases. The company offers industrial filtration solutions to various end-use industries and sectors, including oil & gas, food & beverage, metals & mining, bioprocessing, pharmaceutical, and industrial.
Eaton is a power management company that manufactures engineered products. The company operates through Electrical, Aerospace, Vehicle, and eMobility business segments. The Filtration System Solutions sub-segment of the Aerospace business segment includes liquid pipeline strainers, mechanically cleaned filters and strainers, bag and cartridge filtration systems, gas & liquid separators and hydraulics, and lubrication oil filters in its portfolio. The company caters to refinery & petrochemical, pharmaceutical, food & beverage, industrial water, metals & mining, municipal water, construction equipment, and power generation sectors.
Related Reports:
Refinery and Petrochemical Filtration Market by Filter Type (Coalescer Filter (Liquid-liquid Coalescer, Liquid-gas Coalescer), Cartridge Filter (Pleated Cartridge, High Flow Cartridge), Application, End User & Region - Global Forecast to 2028
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