Sintered Metal Filters Market Size, Share & Trends Analysis Report By Application (Chemical & Petrochemical, Medical & Pharmaceutical, Food & Beverages, Electronics, Power & Energy), By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global sintered metal filters market size was estimated at USD 1.31 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.7% from 2022 to 2030. The ability of the filters to separate particles from gas or liquid streams and its properties such as high strength, high-temperature resistance, and corrosion resistance are expected to fuel the growth of the industry. Furthermore, the rising use of sintered metal filters in various applications like chemical, food and beverages, medical, and electronics to comply with environmental regulations is likely to boost the growth. The global sintered metal filter industry faced a number of challenges due to the COVID-19 pandemic. Global industrial operations came to a halt, thus affecting the demand for sintered metal filters across different industries. The global economy is recovering, and the consumption of products and services has increased, resulting in the rising in the demand for sintered metal filters over the forecast period.

The U.S. sintered metal filters market accounted for revenue of USD 180.1 million in 2021. It is expected to grow due to the increasing demand for sintered metal filters in the automotive industry to control the emissions from vehicles and adhere to the environmental regulations laid down by Environmental Protection Agency (EPA).

These filters help achieve particulate capture efficiencies of 99.9% and removal efficiency with an accuracy between 0.5um to 300um. It can be operated even at a temperature as high as 1000⁰C concerning the type of metal of the filter. It has high porosity with better permeability and low-pressure drop and can be processed into required shapes and sizes.

The 21st century brings many environmental and economic challenges to various industries due to rapid industrialization. There are environmental protection laws that are being made to reduce the effects of emissions by these industries. These regulations help to emphasize the reduction of non-toxic materials and changing production procedures. Sintered metal filters will help to adhere to government norms and are more economical than other industrial filters.

The market players are trying to adopt environment-friendly solutions with improved efficiency. Companies are working on improving their sales through acquisitions and innovations. To serve the international markets, they are increasing their production capacity and operating through their dedicated distribution channels.

Application Insights

Chemical and petrochemical applications led the market and accounted for 34.3% of the revenue share in 2021. These filters are used in the treatment of radioactive wastes and nuclear plants. These methods are applied to liquid and gas streams that contain a variety of chemical elements ranging from highly corrosive to non-corrosive, as well as a wide range of particulate matter and system temperatures and pressures. 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 and is expected to expand at a CAGR of 6.5% over the forecast period. 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 use of sintered metal filters is growing continuously in the food and beverage industry, which will result in the growth of the segment.

The electronics application segment accounted for about USD 145.4 million in 2021. This 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. Factors such as urbanization and the increasing use of sintered metal filters in domestic appliances like vacuum cleaners, water purifiers, filtration units, and dampers in blenders are expected to further boost growth. Sintered metal filter helps in increasing the performance of appliances by passing clean and controlled air.

The medical and pharmaceutical application segment held the third-largest revenue share in 2021 and is expected to expand at the highest CAGR of 7.6% over the forecast period. 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. Earlier the industry was using cyclones and disposable filters, but now it is replaced by sintered metal filters because of their high effectiveness.

Regional Insights

Asia Pacific dominated the sintered metal filters industry with a revenue share of 40.6% in 2021. It is due to rapid industrialization and stringent environmental regulations implemented by local governments. The growth of industries like chemical & petrochemical and food & beverages is driving the demand for sintered metal filters in the region.

Europe accounted for the second-largest revenue share in 2021 and is expanding at a CAGR of 5.7% in the forecast period. The rise in the use of filtration equipment in many industries like medical & pharmaceutical, electronics, and energy sectors is driving the demand for the industry in the region.

North America accounted for a significant market share in 2021 and is expected to grow at a CAGR of 6.2% over the forecast period. The growth would be driven by the presence of a wide industrial setup in the region resulting in the demand for sintered metal filters owing to numerous benefits like high pressure and temperature resistant, high strength, corrosion resistance, high thermal shock resistance, cleanability, and long service life. The growth of the automotive sector in North American countries like the U.S. and Canada is driving the demand for sintered metal filters.

Central & South America accounted for about 7.8% of the revenue share in 2021 and is growing at a CAGR of 4.6% in terms of revenue over the forecast period. The growth is attributed to the rise of the medical and chemical industry in the region. Furthermore, the government regulation to reduce industrial emissions and actions to adhere to the norms will drive the industry in the region.

Key Companies & Market Share Insights

The industry has several domestic and international players who are trying to gain market share by increasing production capacities. The key players operating in the global sintered metal filters market include Eurobalt, Pall Corporation, Gopani, Teesing Worldwide, Filson Filters, GKN Powder Metallurgy, Allied Group, and Parker Hannifin.

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. To gain greater market share, the companies are using strategies like mergers and acquisitions. Some prominent players in the global sintered metal filters market include:

• Mott Corporation

• Eurobalt

• Pall Corporation

• Gopani

• Teesing Worldwide

• Filson Filters

• GKN Powder Metallurgy

• Allied Group

• Parker Hannifin

• Lenntech

• Capstan Incorporated

Sintered Metal Filters Market Report Scope

Global Sintered Metal Filters Market Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global sintered metal filter market report based on application, and region:

• Application Outlook (Revenue, USD Million, 2017 - 2030)

  • Chemical & Petrochemical

  • Food & Beverages

  • Medical & Pharmaceutical

  • Electronics

  • Power & Energy

  • Other Applications

• Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • France

    • U.K.

    • Spain

    • Italy

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

    • Singapore

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • UAE