With the emergence and long-term Impact of COVID-19, Global Refinery and Petrochemical Filtration Market to reach USD 6.92 billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Refinery and Petrochemical Filtration Market points towards a potential rise to USD 6.92 billion by 2030. Refinery and petrochemical filtration refer to the process of removing impurities and contaminants from various fluids and gases within the refining and petrochemical industries. It plays a crucial role in maintaining the quality and purity of products, optimizing production processes, ensuring compliance with environmental and safety regulations. The Refinery and Petrochemical Filtration market is expanding because of factors such as increasing expenditure on refinery and petrochemical infrastructure development, implementation of government mandates and policies for environmental protection.
Geographically, the global Refinery and Petrochemical Filtration market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the rising oil demand, rising government support for the development of petroleum and refineries plants in the region. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising investment for the development of refineries, rising public-private partnerships and rising oil demand in the region.
The global Refinery and Petrochemical Filtration market is highly competitive owing to the presence of several key manufacturers such as 3M Company, Pall Corporation, Parker Hannifin Corporation, Eaton Corporation PLC, Pentair Filtration Solutions, LLC, W. L. Gore & Associates, Inc, Filtration Group, Porvair Filtration Group, Filtcare Technology Pvt. Ltd, Filtration Technology Corporation, and others.
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Key findings of the study suggest:
- Global Refinery and Petrochemical Filtration Market is anticipated to grow with a healthy growth rate of more than 6% over the forecast period 2023-2030.
- In Filter Type segment, Bag Filter emerged out as the leading market segment in 2023.
- North America is anticipated to drive regional growth owing to rising oil demand in the region.
- Asia Pacific is also expected to grow at higher rate during 2023-2030 owing to rising investment for the development of refineries in the region.
Bizwit Research & Consulting has considered following segments for the study:
By Filter Type:
- Coalescer Filter
- Cartridge Filter
- Electrostatic Precipitator
- Filter Press
- Bag Filter
- Others
By Application:
- Liquid-liquid Separation
- Liquid-gas Separation
- Others
By End User:
- Refineries
- Petrochemical Industry
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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