LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global liquid macrofiltration market is expected to reach USD 8,775 million by 2021, growing at a CAGR of almost 5%.
This research report titled ‘Global Liquid Macrofiltration Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
The global liquid macrofiltration market is primarily driven by process manufacturing industries. These industries use liquid filtration equipment and consumables for the optimal utilization of fast-depleting water resources. The paper and pulp, mining, pharmaceuticals, chemical, food and beverage, and power industries use liquid macrofiltration equipment for dewatering sludge, product purification, product separation, and product washing.
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Technavio’s analysts categorize the global liquid macrofiltration market into seven major segments by end users. They are:
- Water and waste water
- Chemical and pharmaceutical
- Mining and metal
- Food and beverage
- Pulp and paper
The top three segments based on technology for the global liquid macrofiltration market are discussed below:
Water and wastewater
The water and wastewater industry uses processes such as water treatment, effluent treatment plants, sewage treatment plants, and water recycling. Filtration is a critical aspect of the global water and wastewater treatment industry. The need for efficient water management solutions is mostly propelled by economic development as well as rapid urbanization in emerging economies such as China and India.
According to Anju Ajaykumar, a lead test and measurement research analyst from Technavio, “The resurgence of the global manufacturing sector from its slump is further driving the demand. This is mainly because the increase in production activities stimulates the need for water and wastewater recycling to comply with the stringent water conservation and environmental regulations in various countries.”
Mining and metals
“Over the past few years, the global mining industry is facing difficulties due to reduced investments and weak demand from major regions, including North America and Europe. This has significantly impacted the demand for liquid macrofiltration systems as well,” says Anju.
However, owing to growing demand for metals and minerals from emerging as well as developed nations, the mining industry is expected to grow moderately during the forecast period. This will encourage mining companies to increase their capital expenditure (CAPEX).
Chemical and pharmaceutical
Liquid macrofiltration systems used in the chemical industry for water recovery and recycling need to comply with stringent governmental regulations on reducing and reusing wastewater. In addition, liquid macrofiltration systems are used to reduce chemical, analytical, and labor costs associated with wastewater treatment in the chemical industry.
Liquid macrofiltration systems can be used to concentrate spent materials that need to be recycled or disposed of. These liquid macrofiltration systems provide a cost-effective alternative to various operations in the chemical industry such as evaporation, drying, or dewatering.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Amiad Water Systems
- Parker Hannifin
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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