In 2022, the global filtration paper market is poised to achieve a valuation of US$ 2.3 Billion, and it is anticipated to maintain a consistent growth trajectory, with a projected 4.6% CAGR, culminating in a market worth US$ 3.6 Billion by 2032.
These specialized papers serve as essential purification tools in various research applications within the aforementioned industries. Filtration papers have also found an expanding role in breweries, particularly in the context of malt filtration. Nevertheless, recent studies indicate a significant surge in the utilization of filtration paper within the healthcare sector. This can be attributed to the increasing need for research tools to address the challenges posed by blood-borne pathogens and bacteria.
Furthermore, the continuous growth in sales of filtration paper can be attributed to its reputation as a dependable and cost-efficient filtration medium. As awareness regarding the critical importance of maintaining water and air quality continues to rise, it is anticipated that the demand for filtration paper will continue to increase steadily in the coming years.
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Leading End Use Industry for Filtration Papers
Based on market analysis by FMI, it is anticipated that the food & beverage sector will play a pivotal role in the filtration paper market, accounting for approximately 42% of the total global sales. The escalating utilization of filtration paper to remove impurities from liquids and gases is rapidly gaining traction on a global scale. In light of the ongoing coronavirus pandemic, consumers have become increasingly conscious of hygiene and the quest for high-quality products. This shift in consumer behavior and priorities is expected to drive heightened demand for filtration paper within various end-use industries, as they seek to enhance the hygiene and quality of their products. Consequently, the food & beverage industry is poised to claim a substantial share of this growing market.
Drivers:
- Growing Environmental Concerns: Increasing awareness about environmental pollution and the need for clean water and air has driven the demand for filtration paper in various industries, including water treatment and air purification.
- Expanding Healthcare Industry: The healthcare sector’s growth, particularly in diagnostic testing and research, has boosted the use of filtration paper in applications like laboratory filtration and medical-grade filters.
- Manufacturing and Industrial Processes: Filtration paper is widely used in industrial processes to separate solids from liquids or gases, contributing to product quality and process efficiency.
- Food and Beverage Industry: The stringent quality standards in the food and beverage industry drive the use of filtration paper for applications such as coffee and tea filtration and beer and wine clarification.
- Biotechnology Advancements: The biotechnology and pharmaceutical industries require specialized filtration paper for processes like cell culture, fermentation, and purification.
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Key Factors Driving the Demand for Filtration Paper-
The demand for filtration paper is influenced by several key factors, including:
1. Environmental Regulations: Stringent environmental regulations imposed by governing bodies across the globe are compelling industries to adopt robust filtration systems. Filtration paper plays a crucial role in ensuring compliance with these regulations by effectively removing pollutants and contaminants.
2. Health and Safety Concerns: With a growing emphasis on health and safety, industries are increasingly investing in filtration systems to ensure the purity of their products. Filtration paper acts as a reliable barrier, safeguarding consumers from harmful impurities and pathogens.
3. Quality Control Standards: In industries such as pharmaceuticals and food and beverage, maintaining stringent quality control standards is paramount. Filtration paper enables the removal of particles and contaminants, ensuring the desired quality of the final product.
4. Technological Advancements: Continuous advancements in filtration paper manufacturing processes have led to the production of high-quality filter papers with improved performance characteristics. Enhanced porosity, greater particle retention capacity, and increased durability are some of the notable developments driving the demand for filtration paper.
Key Players
- Thermo Fisher Scientific Inc.
- Ahlstrom-Munksjö
- PAPCEL, a.s.
- Azumi Filter Paper Co Ltd
- Hawach Scientific Co., Ltd
- KONOS GmbH
- Hollingsworth & Vose
- Merck KGaA
- SP Bel-Art
- Shanghai Mingguan Purification Materials Ltd.
- Animo B.V
- Polymer Papers Limited
- Dongguan Huachen Filter Material Limited
- Innova Corporate
- General Filtration
Filtration Paper Market by Category
By Pulp Type:
- Hardwood
- Softwood
By Product Type:
- Quantitative Filter Paper
- Qualitative Filter Paper
By End Use:
- Food & Beverage
- Healthcare
- Laboratories
- Automotive
- Cosmetics
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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