Filter Cartridge Market Size, Share, Opportunities, And Trends By Filter Type (Surface Cartridge Filter, Depth Cartridge Filter), By Cartridge Type (Stainless Steel Cartridge, Activated Carbon Cartridge, Melt Blown Cartridge, Wound Cartridge, Oil-block Cartridge), By End-User (Food & Beverage, Chemicals, Pharmaceuticals, Water Treatment, Household, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Mar 2023
- Report Code : KSI061614541
- Pages : 135
Filter cartridges are used as porous devices for filtration across a broad spectrum of industries and applications. These devices typically take on a cylindrical shape and are comprised of a permeable material that enables fluid to flow through while effectively trapping and eliminating undesirable particles or impurities. Filter cartridges can be implemented in numerous sectors such as water filtration systems for drinking water, industrial procedures, and wastewater treatment plants. Furthermore, they are employed in HVAC air filtration and cleanroom settings for critical manufacturing operations. Additionally, filter cartridges play a crucial role in the pharmaceutical and biotech fields for filtering gases, liquids, and solids, ensuring that the product meets stringent purity standards. In the food and beverage industry, filter cartridges are frequently used to eliminate contaminants and improve the quality and clarity of the final product. Hence, the market for filter cartridges is expanding due to the growth of its major end users along with government initiatives to increase clean water accessibility.
The filter cartridge market is expected to experience a surge in growth due to the increasing investments being made in water treatment plants.
Filter cartridges are essential components of water treatment plants as they perform the vital function of removing impurities and contaminants from water. By using filter cartridges in the water treatment process, the water is purified to a high degree of quality, making it safe for consumption and other purposes, such as irrigation or industrial applications. Therefore, filter cartridges significantly contribute to ensuring that water is free from harmful substances and can be used in a wide range of beneficial ways. Increasing investments made in the development of such water treatment plants will drive the growth of the filter cartridge market. For instance, in August 2022, The Biden-Harris Administration disclosed its plan to invest $75 million in providing clean drinking water and safe wastewater infrastructure for rural areas of West Virginia. Additionally, the City of Lewisburg secured $52.7 million in loans and grants from the USDA to upgrade its water treatment facility. Similarly, in September 2022, the United States and Mexico agreed to invest $474 million in the expansion of wastewater plants, underscoring their commitment to enhancing wastewater management infrastructure. Furthermore, in a move to bolster water and wastewater infrastructure in Romania, the European Commission approved funding of over €65 million in September 2022. Canada and Ontario revealed their plans to invest approximately $190.2 million in 144 community water infrastructure projects in April 2022. Likewise, The European Investment Bank (EIB) allocated roughly €50 million to enhance water treatment plants in 36 municipalities throughout Italy in August 2022. Thus, the rising investments in water treatment plants are expected to drive substantial growth in the filter cartridge market.
The North American region is expected to witness substantial growth in the filter cartridge market.
The North American region is a significant market for filter cartridges, with strong demand from various industries such as food and beverage, pharmaceuticals, and water treatment. For instance, The Food and Beverage industry generated a revenue of around US$ 1.264 trillion in 2021, accounting for a 5.4% share of the United States' total GDP, as per the U.S. Department of Agriculture. Similarly, the Government of Canada reports that in 2019, the food and beverage processing industry produced $117.8 billion in revenue, which constituted 17% of total manufacturing sales and 2% of the national Gross Domestic Product (GDP). Filter cartridges are also widely used in the pharmaceutical industry for the filtration of liquids and gases. They are an essential component in the manufacturing process of pharmaceutical products, including medicines, vaccines, and other medical products. Data from the European Federation of Pharmaceutical Industries and Associations shows that the pharmaceutical expenditure in the United States in 2019 amounted to US$ 64,375 million. Bayer, a multinational pharmaceutical company based in Germany, announced an investment of US$ 361 million towards the development and enhancement of the pharmaceutical industry in Mexico, in September 2022. In addition, the increasing investments in water treatment plants in this region are expected to further fuel the growth of the filter cartridge market. For instance, a water treatment plant project in Camagüey, Cuba, received a $40 million investment from The Saudi Fund for Developments (SFD) in December 2021. Thus, all these factors combine to drive the market growth of filter cartridges in the North American region.
Market Key Developments
- In September 2022, Industrial Sonomechanics (ISM) introduced Large-Capacity In-Line Cartridge Filters for nanoemulsions, which improve the efficiency of the nanoemulsion production process while reducing associated costs.
- In September 2021, Porvair Filtration released a filtration catalogue that featured several new products, including 14 high-purity chemical filters, GIANT filter bag housing, and complementary housings.
- In October 2019, Parker Hannifin Corporation announced the addition of the ProTura SB Nano cartridge filter to the BHA product portfolio. This addition surpassed traditional cartridge filter media options in terms of performance.
- By Filter Type
- Surface Cartridge Filter
- Depth Cartridge Filter
- By Cartridge Type
- Stainless Steel Cartridge
- Activated Carbon Cartridge
- Melt Blown Cartridge
- Wound Cartridge
- Oil-block Cartridge
- By End User
- Food & Beverage
- Water Treatment
- By Geography
- North America
- South America
- Middle East and Africa
- Suadi Arabia
- Asia Pacific
- South Korea
- North America
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porter’s Five Force Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis
5. FILTER CARTRIDGE MARKET ANALYSIS, BY FILTER TYPE
5.2. Surface Cartridge Filter
5.3. Depth Cartridge Filter
6. FILTER CARTRIDGE MARKET ANALYSIS, BY CARTRIDGE TYPE
6.2. Stainless Steel Cartridge
6.3. Activated Carbon Cartridge
6.4. Melt Blown Cartridge
6.5. Wound Cartridge
6.6. Oil-block Cartridge
7. FILTER CARTRIDGE MARKET ANALYSIS, BY END-USER
7.2. Food & Beverage
7.5. Water Treatment
8. FILTER CARTRIDGE MARKET ANALYSIS, BY GEOGRAPHY
8.2. North America
8.3. South America
8.5. Middle East and Africa
8.5.1. Suadi Arabia
8.6. Asia Pacific
8.6.3. South Korea
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.2. Lenntech B.V
10.3. Ultrafilter Group
10.4. Fil-Tek Corporation
10.5. Parker Hannifin Corporation
10.6. Merck KgaA
10.7. Graver Technologies
10.8. Wolftechnik Filtersysteme GmbH & Co. Kg.
10.9. Meissner Filtration Products Inc.
10.10. Universal Filtration
Parker Hannifin Corporation
Wolftechnik Filtersysteme GmbH & Co. Kg.
Meissner Filtration Products Inc.
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