The global sintered metal filters market size is expected to reach USD 2.37 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 6.7% from 2022 to 2030. This growth can be attributed to the ability of the filters to achieve effective particulate removal to protect equipment and comply with environmental regulations. The use of filters in various applications like medical, chemical, electronics, and power are driving the demand.
Sintered Metal Filters Market Report Highlights
- Chemical & petrochemical applications led the market and are expected to grow a CAGR of 6.2% in the forecast period. Sintered metal filters in chemical & petrochemical applications help in the separation of solid and liquid and have the ability to work at higher temperatures and pressure. Furthermore, it has higher strength than any other filter and is resistant to corrosion
- The medical & pharmaceutical application segment is expanding at the highest CAGR of 7.6% in the forecast period. Sintered metal filters help in preparing the process of the disinfectant final product in the medical industry by removing bacteria and other unknown materials from the solutions, which is highly effective than the method used earlier and is cost-effective
- The demand was hampered owing to the COVID-19 pandemic in 2020. Operations in major economies such as the U.S., India, China, and Japan came to a halt, which affected the sintered filter industry. After easing restrictions, the demand for sintered metal filters is expected to grow at a significant rate due to increased consumption over the forecast period
- The market consists of several global and regional players which are working to develop innovative and effective solutions in the filtration process to adhere to environmental norms, thus leading to high competition in the industry. Strategies followed by key players include mergers & acquisitions and increasing production capacities to gain a competitive edge to serve in the domestic and international markets
- Asia Pacific held the highest market share of 40.6% in 2021 and is estimated to witness a high CAGR of 7.8% in the forecast period, owing to rapid industrialization and strict environmental regulations put in place by local governments. Furthermore, the growth of industries like food & beverages and medical & pharmaceutical are expected to drive the demand
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Sintered metal filters are made from different elements, including bronze, stainless steel, fiber filter, titanium, specially alloyed powders, and nickel-based alloys. Among all the elements used to make sintered metal filters, bronze is the most popular. Sintered metal filters have high tolerances & strength and can be used in temperatures ranging from -200 to 10000C. It has filtration accuracy from 0.5um to 300um, which helps in better separation of particulate matter.
To lessen the effects of industrial emissions, environmental protection laws are becoming increasingly important. These regulations emphasize encouraging the use of non-toxic materials, changing production procedures, and putting conservation measures in place. Sintered metal filters are made to adhere to these government norms and help to reduce harm to the environment. This will drive the demand for sintered metal filters over the forecast period.
Analysis By Application Type
Chemical and petrochemical applications led the market. These filters are used in the treatment of radioactive wastes and nuclear plants. Sintered metal filters are used to separate materials and ensure complete particulate removal to secure downstream systems. The food and beverage application segment accounted for the second largest revenue share. The filter helps in the extraction of juices and essential nutrients. Filtration is used to stop these nutrients from being washed away while the food and beverages are being processed and assure the quality of the process. The medical and pharmaceutical application segment held the third-largest revenue share. Sintered Metal filter’s primary purpose in this application is to remove bacteria and other unwanted material from the solution and to create a disinfected final product. The electronics application segment is expected to grow on account of the rising usage of sintered metal filters to pass the clean air to transistors, microprocessors, and sensitive machines.
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Market Latest Trends and Developments
Prominent companies use distribution channels like online modes and dedicated distribution networks. The manufacturing of sintered metal filters depends upon the type of metal used, the exact size, and the shape of the custom die. It is difficult to get these Sintered metal filters directly due to size and shape differences. So, these filters are made on order and require some time to manufacture. The industry has several domestic and international players who are trying to gain market share by increasing production capacities. The market is competitive due to the presence of several companies, and it is characterized by a wide consumer base owing to the presence of various industries around the world with these players operating their business through their distribution networks.
List of major companies in the Sintered Metal Filters Market
- Mott Corporation
- Eurobalt
- Pall Corporation
- Gopani
- Teesing Worldwide
- Filson Filters
- GKN Powder Metallurgy
- Allied Group
- Parker Hannifin
- Lenntech
- Capstan Incorporated
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Contact:
Grand View Research, Inc.
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Email: [email protected]
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For Customized reports or Special Pricing please visit @: https://www.grandviewresearch.com/checkout/select-license/sintered-metal-filters-market-report
Segmented the global sintered metal filters market based on application, and region.
Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Snapshot, 2021(USD Million)
2.2. Segmental Outlook
2.3. Competitive Outlook
Chapter 3. Sintered Metal Filters Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Global Metal Filters Outlook
3.2. Market Penetration and Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Technology Overview
3.5. Regulatory Framework
3.6. Market Dynamics
3.6.1. Market driver analysis
3.6.2. Market restraint analysis
3.6.3. Market opportunity analysis
3.6.4. Market Challenges
3.7. PESTEL Analysis
3.7.1. Political Landscape
3.7.2. Environmental Landscape
3.7.3. Social Landscape
3.7.4. Technology Landscape
3.7.5. Economic Landscape
3.7.6. Legal Landscape
3.8. Industry Analysis - Porter's
3.8.1. Supplier Power
3.8.2. Buyer Power
3.8.3. Substitution Threat
3.8.4. Threat from New Entrant
3.8.5. Competitive Rivalry
3.9. Case Studies
Chapter 4. Sintered Metal Filters Market: Application Estimates & Trend Analysis
4.1. Sintered Metal Filters Market: Application Movement Analysis, 2021 & 2030
4.2. Chemical & petrochemical
4.2.1. Sintered metal filters market estimates and forecasts for chemical & petrochemical application, 2017 - 2030 (USD Million)
4.3. Food & beverages
4.3.1. Sintered metal filters market estimates and forecasts for food & beverages application, 2017 - 2030 (USD Million)
4.4. Medical & pharmaceutical
4.4.1. Sintered metal filters market estimates and forecasts for medical & pharmaceutical application, 2017 - 2030 (USD Million)
4.5. Electronics
4.5.1. Sintered metal filters market estimates and forecasts for electronics application, 2017 - 2030 (USD Million)
4.6. Power & Energy
4.6.1. Sintered metal filters market estimates and forecasts for power & energy application, 2017 - 2030 (USD Million)
4.7. Other applications
4.7.1. Sintered metal filters market estimates and forecasts for other applications, 2017 - 2030 (USD Million)
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