Filtration And Drying Equipment Market (By Technology: Centrifuges, Agitated Nutsche Filter-Dryers; By End-use: Chemical, Water & Wastewater Treatment) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2023-2032

The global filtration and drying equipment market was surpassed at USD 1.32 billion in 2022 and is expected to hit around USD 2.97 billion by 2032, growing at a CAGR of 8.44% from 2023 to 2032. The filtration and drying equipment market in the United States was accounted for USD 179.2 million in 2022.

Key Pointers

• Europe accounted for the second-largest revenue share of 25% of the global filtration & drying equipment market in 2022. 
• Asia Pacific is expected to witness the fastest CAGR of 9.46% over the forecast period.
• The centrifuges segment accounted for a significant market share of more than 37% in terms of revenue, in 2022. 
• The agitated nutsche filer-dryers (ANFD) segment is likely to witness lucrative growth at a CAGR of 8.94% over the forecast period.
• The chemical segment accounted for a maximum share of 41% in 2022.
• The water and wastewater treatment segment is likely to grow at a robust CAGR of 9.93% over the forecast period.

Report Scope of the Filtration And Drying Equipment Market

The growth can be primarily attributed to the growing food & beverages, pharmaceutical, and chemical end-use industries across the world. Moreover, the increasing investments in the water and wastewater treatment sector for sustainable wastewater management are expected to drive the demand for filtration & drying equipment. The initial export bans imposed by China and India, the two largest suppliers of generics and active pharmaceutical ingredients (APIs), in the wake of the spread of COVID-19, led to shortages of generics and APIs in the majority of countries across the world. This slowed the production of finished goods and made some medicines scarce, especially in countries such as Iran. The growth of the market has been negatively impacted by the continuous suspension of corporate activities.

The rising prevalence of chronic diseases, such as Alzheimer's disease is expected to drive the active pharmaceutical ingredients (API) market’s growth. Another noteworthy factor that influences the growth of the API market is the rising healthcare expenditure, which helps improve its healthcare infrastructure. Filtration & drying equipment is primarily used for the clarification of solutions in the pharmaceutical industry. For instance, Filter dryers or nutsche filters from COMBER Pressofiltro are available from HEINKEL Process Technology GmbH. These adaptable units were created for multi-purpose production facilities. The filters are created to adhere to strict cGMP and FDA regulations to satisfy the growing demands for filter dryers used in the production of pharmaceutical components.

Another factor driving this expansion is the increased focus of pharmaceutical companies on rare and specialty diseases Innovations in the fields of nucleic acid therapeutics, advanced biologics, cell therapies, bioelectronics, and implantable have enticed non-pharma companies such as Facebook, Qualcomm, and others to invest in the industry, which is also driving the growth of the U.S. pharmaceuticals industry. The aforementioned factors are expected to drive the growth of the market for filtration & drying equipment over the forecast period.

Rapid industrial development, along with technological advancements in the chemical industry, is the key factor augmenting the specialty chemical market’s growth in the U.S. Moreover, the surging demand for advanced specialty products is prompting companies in the chemical industry to shift their focus toward the development of new and innovative specialty chemicals. For instance, in 2022, Ashland Inc. planned to dedicate USD 160 to USD 170 million toward capex to expand its production capabilities and cellulosic capacity outside the North America and Europe regions.

Technology Insights

The centrifuges segment accounted for a significant market share of more than 37% in terms of revenue, in 2022. The use of various types of centrifuges, such as perforate basket centrifuges, pusher centrifuges, peeler centrifuges, and others, is increasing in various end-use industries, such as chemicals, food & beverages, and pharmaceuticals, for filtration & drying operations. The growth of these industries owing to the increasing demand for various consumer products is likely to have a positive impact on the growth of the market over the forecast period.

Owing to the advantages of perforate basket centrifuges, such as compact size occupying less floor space, there is high adoption of perforate basket centrifuges. This is expected to impact the growth of this segment positively. Additionally, perforated basket centrifuges can handle slurries with a high solids content and even those with a consistency like paste.

The agitated nutsche filer-dryers (ANFD) segment is likely to witness lucrative growth at a CAGR of 8.94% over the forecast period owing to its benefits, such as the ease of maintenance of the inert gas atmosphere and product purity throughout the entire process. ANFD has numerous advantages, such as the inert gas atmosphere can be maintained, the blending of products is possible before discharging, and product purity is maintained throughout the entire process. ANFD is used in various applications such as textiles & dye, paints, varnish & surface coatings, pharmaceutical production, and wastewater treatment.

End-use Insights

The chemical segment accounted for a maximum share of 41% in 2022, in terms of revenue, and is likely to continue to dominate the market over the forecast period. The demand for various chemical processes is on the rise and filtration & drying are critical operations for the separation of solid matter from liquids in various chemical processes. Moreover, the expansion of chemical processing industries in developing economies, such as India, Brazil, China, and Vietnam, is anticipated to benefit the growth of the global filtration & drying equipment market over the forecast period.

The water and wastewater treatment segment is likely to grow at a robust CAGR of 9.93% over the forecast period, facilitated by increasing government initiatives to achieve their sustainability goals in wastewater management. They minimize the requirement for chemical conditioning of the sludge and are flexible with little supervision required. The increasing adoption of filtration & drying equipment such as centrifuges in water & wastewater treatment plants worldwide is driving the growth of this segment of the market.

Regional Insights

Europe accounted for the second-largest revenue share of 25% of the global filtration & drying equipment market in 2022. This can be attributed to the significant presence of wastewater treatment, chemical, pharmaceutical, and food & beverages industries in the region. Approximately 90% of the wastewater generated in urban areas is collected and treated by the EU Wastewater Treatment Directive.

Asia Pacific is expected to witness the fastest CAGR of 9.46% over the forecast period, owing to numerous investments and initiatives taken by the industry players and governments in the region to emerge as a global manufacturing hub. Pharmaceutical companies based in Asia can best navigate opportunities for future growth. An increasing number of pharmaceutical companies are investing in the search for skilled labor, high return on investment, cost-effective production values, expanding niches in specialized domains, and quality infrastructure, which is trending in the region. Thus, increasing investments in Asia’s pharmaceutical industry, along with rapid technological advancements in the pharmaceutical industry, are driving the demand for filtration & drying equipment.

In the Middle East & Africa, the rising consumer preference for healthy and functional foods has had a significant impact on the market for filtration and drying equipment. Rising food safety management concerns, along with growing R&D investments in food processing technology, are driving the growth of the food processing industry and, as a result, are expected to positively impact the growth of the filtration & drying equipment market over the forecast period.

Increasing power, food and beverage, and energy setups necessitate high-quality water for use in product processing, which is driving the growth of the Central and South American water & wastewater treatment chemicals market. Furthermore, stringent environmental regulations, as well as increased investments in sewage treatment projects for municipalities and industries, have fueled the growth. The growing demand for water and wastewater treatment is expected to increase the demand for filtration & drying equipment.

Filtration And Drying Equipment Market Segmentations:

By Technology 

• Centrifuges
  • Perforate Basket Centrifuge
  • Pusher Centrifuge
  • Peeler Centrifuge
  • Others
• Agitated Nutsche Filter-Dryers (ANFD)
• Others

By End-use 

• Pharmaceutical
• Chemicals
• Water and Wastewater Treatment
• Food & Beverages
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • Italy
  • Spain
  • UK
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • South Africa