The global filtration paper market is projected to reach a value of US$ 3.6 Billion by 2032, with the market growing at a steady CAGR of 4.6% from 2022 to 2032. Climbing up from a value of US$ 2.2 Billion in 2021, the target market is set to reach an estimated US$ 2.3 Billion in 2022. Increasing usage in healthcare, biotechnology, food and beverages, and others will fuel the growth of the filtration paper market during the forecast period.
Filtration paper, also known as filter paper, is a porous material designed to separate solids from liquids or gases by trapping particles and impurities. Its high porosity and retention capacity make it an indispensable tool in filtration processes. The Filtration Paper Market encompasses a wide range of applications, serving diverse industries such as healthcare, food and beverage, pharmaceuticals, chemicals, water treatment, and more.
Filtration Paper Market has emerged as an essential sector, catering to diverse filtration needs across industries. The growing emphasis on environmental sustainability, strict regulatory norms, and technological advancements have fueled the demand for high-quality filtration paper. The market encompasses a wide range of filtration paper types, including qualitative, quantitative, ashless, and chromatography paper, each designed for specific filtration requirements.
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Filtration paper is increasing gaining traction in the packaging industry, healthcare, and food and beverages industry. The global demand in the market is anticipated to grow by 1.7x during the projection period of 2022 and 2032.
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.
Key Takeaways:
- The filtration paper market in China will register a CAGR of 5.1% during the forecast period.
- The growing usage in paper industry will bolster India’s filtration paper market.
- By type of pulp, the hardwood pulp will generate highest demand during 2022-2032.
- On the basis of end use, the food and beverages industry will likely hold 42% of the global market sales.
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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.
Key Factors Driving the Demand for Filtration Paper-
The demand for filtration paper is influenced by several key factors, including:
- 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.
- 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.
- 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.
- 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.
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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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