The global filtration paper market is poised for modest growth, with a projected CAGR of 2.50% through 2034. Based on FMI’s initial evaluation, the filtration paper market was valued at US$ 1.20 billion in 2023 and is anticipated to reach US$ 1.30 billion in 2024. Several factors contribute to the market’s expected progression, culminating in a valuation of US$ 1.60 billion by 2034.
Increasing usage in healthcare, biotechnology, food and beverages, and others will fuel the growth of the filtration paper market during the forecast period.
A type of paper that is used to filter out impurities from a liquid or gas is categorized as filtration paper. It is a semi-penetrable paper barrier that is placed vertically to the flow of liquid or gas. Filtration paper is further used to differentiate small hard elements from liquids or gases. The raw material used to manufacture filtration paper is composed of different paper pulps such as hardwood and softwood. The market for filtration paper is expected to undergo substantial growth during the projected period owing to its increasing popularity across various industries
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Filtration paper is gaining large scale application in the healthcare, industrial, and food & beverage industries. This is expected to bolster the global sales at a swift pace over the assessment period. As a result, many leading players are investing in research and development to release products with advanced technology so as to take advantage of the rising demand. All of these factors will propel the filtration paper market towards growth during the forecast period.
“Increasing popularity of filtration paper as a reliable and cost-effective medium will facilitate the global growth of the filtration paper market over the forecast period,” says an FMI analyst.
Competitive Landscape
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, Twin Rivers Paper Company, Turanlar Group, and Alfa Industries among others are some of the major players in the filtration paper market profiled in the full version of the report.
Leading market participants are keen on upgrading their production facilities and producing new products to meet the rising demand. These firms employ strategic mergers and acquisition tactics to gain a competitive advantage.
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More Insights into Filtration Paper Market Report
In its latest report, FMI offers an unbiased analysis of the global filtration paper market, providing historical data and forecast statistics. To understand the global market potential, growth, and scope, the market is segmented on the basis of pulp type (hardwood, softwood), product type (quantitative filter paper, qualitative filter paper), end use (food & beverages, healthcare, laboratories, automotive, cosmetics), and region.
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
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