Global Refinery and Petrochemical Filtration Market is valued at approximately USD 4.34 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.0% over the forecast period 2023-2030. 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.
According to the Organization of the Petroleum Exporting Countries (OPEC,) year 2021 report, upstream investments would total around USD 1.5 trillion between 2021 and 2045. Amounting to over USD 450 billion of this, mostly in developing countries, is earmarked for investments in new refinery projects and the expansion of existing facilities. According to the International Energy Agency, total oil demand across the globe was 91 million barrels per day in 2020, climbed to 99.4 million barrels per day in 2022, and is expected to reach 104.1 million barrels per day by 2026. Thus, rising production, consumption, and demand for oil across the world indicates that oil and gas companies are likely to develop and build new refineries and petrochemical infrastructure across the world catering to the market growth. In addition, rising shale development operations to increase shale refining potential and expanding the transportation sector are creating lucrative growth in the market. However, increasing focus on the use of renewable energy and availability of low-cost and inferior-quality filtration products stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Refinery and Petrochemical Filtration Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. 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.
Major market player included in this report are:
- 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
Recent Developments in the Market:
- In January 2022, Pall Corporation announced the launch product named Supralon Hydraulic and lube oil filter element. The product was developed with the help of the research and development team. The product helps to protect and prolong the life of equipment in hydraulic and lube oil applications.
Global Refinery and Petrochemical Filtration Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Filter Type, Application, End User, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Filter Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
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
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Refinery and Petrochemical Filtration Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Refinery and Petrochemical Filtration Market, by Filter Type, 2020-2030 (USD Billion)
- 1.2.3. Refinery and Petrochemical Filtration Market, by Application, 2020-2030 (USD Billion)
- 1.2.4. Refinery and Petrochemical Filtration Market, by End User, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Refinery and Petrochemical Filtration Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Refinery and Petrochemical Filtration Market Dynamics
- 3.1. Refinery and Petrochemical Filtration Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing expenditure on refinery and petrochemical infrastructure development
- 3.1.1.2. Implementation of government mandates and policies for environmental protection
- 3.1.2. Market Challenges
- 3.1.2.1. Increasing focus on use of renewable energy
- 3.1.2.2. Availability of low-cost and inferior-quality filtration products
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising shale development activities to enhance shale refining potential
- 3.1.3.2. Expanding transportation sector
Chapter 4. Global Refinery and Petrochemical Filtration Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Refinery and Petrochemical Filtration Market, by Filter Type
- 5.1. Market Snapshot
- 5.2. Global Refinery and Petrochemical Filtration Market by Filter Type, Performance - Potential Analysis
- 5.3. Global Refinery and Petrochemical Filtration Market Estimates & Forecasts by Filter Type 2020-2030 (USD Billion)
- 5.4. Refinery and Petrochemical Filtration Market, Sub Segment Analysis
- 5.4.1. Coalescer Filter
- 5.4.2. Cartridge Filter
- 5.4.3. Electrostatic Precipitator
- 5.4.4. Filter Press
- 5.4.5. Bag Filter
- 5.4.6. Others
Chapter 6. Global Refinery and Petrochemical Filtration Market, by Application
- 6.1. Market Snapshot
- 6.2. Global Refinery and Petrochemical Filtration Market by Application, Performance - Potential Analysis
- 6.3. Global Refinery and Petrochemical Filtration Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 6.4. Refinery and Petrochemical Filtration Market, Sub Segment Analysis
- 6.4.1. Liquid-liquid Separation
- 6.4.2. Liquid-gas Separation
- 6.4.3. Others
Chapter 7. Global Refinery and Petrochemical Filtration Market, by End User
- 7.1. Market Snapshot
- 7.2. Global Refinery and Petrochemical Filtration Market by End User, Performance - Potential Analysis
- 7.3. Global Refinery and Petrochemical Filtration Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
- 7.4. Refinery and Petrochemical Filtration Market, Sub Segment Analysis
- 7.4.1. Refineries
- 7.4.2. Petrochemical Industry
Chapter 8. Global Refinery and Petrochemical Filtration Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Refinery and Petrochemical Filtration Market, Regional Market Snapshot
- 8.4. North America Refinery and Petrochemical Filtration Market
- 8.4.1. U.S. Refinery and Petrochemical Filtration Market
- 8.4.1.1. Filter Type breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. End User breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Refinery and Petrochemical Filtration Market
- 8.5. Europe Refinery and Petrochemical Filtration Market Snapshot
- 8.5.1. U.K. Refinery and Petrochemical Filtration Market
- 8.5.2. Germany Refinery and Petrochemical Filtration Market
- 8.5.3. France Refinery and Petrochemical Filtration Market
- 8.5.4. Spain Refinery and Petrochemical Filtration Market
- 8.5.5. Italy Refinery and Petrochemical Filtration Market
- 8.5.6. Rest of Europe Refinery and Petrochemical Filtration Market
- 8.6. Asia-Pacific Refinery and Petrochemical Filtration Market Snapshot
- 8.6.1. China Refinery and Petrochemical Filtration Market
- 8.6.2. India Refinery and Petrochemical Filtration Market
- 8.6.3. Japan Refinery and Petrochemical Filtration Market
- 8.6.4. Australia Refinery and Petrochemical Filtration Market
- 8.6.5. South Korea Refinery and Petrochemical Filtration Market
- 8.6.6. Rest of Asia Pacific Refinery and Petrochemical Filtration Market
- 8.7. Latin America Refinery and Petrochemical Filtration Market Snapshot
- 8.7.1. Brazil Refinery and Petrochemical Filtration Market
- 8.7.2. Mexico Refinery and Petrochemical Filtration Market
- 8.8. Middle East & Africa Refinery and Petrochemical Filtration Market
- 8.8.1. Saudi Arabia Refinery and Petrochemical Filtration Market
- 8.8.2. South Africa Refinery and Petrochemical Filtration Market
- 8.8.3. Rest of Middle East & Africa Refinery and Petrochemical Filtration Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. 3M Company
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. Pall Corporation
- 9.3.3. Parker Hannifin Corporation
- 9.3.4. Eaton Corporation PLC
- 9.3.5. Pentair Filtration Solutions, LLC
- 9.3.6. W. L. Gore & Associates, Inc.
- 9.3.7. Filtration Group
- 9.3.8. Porvair Filtration Group
- 9.3.9. Filtcare Technology Pvt. Ltd.
- 9.3.10. Filtration Technology Corporation
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption