Press release
Refinery and Petrochemical Filtration Market to Reach $6.1 Billion by 2028
The global Refinery and Petrochemical Filtration Market is expected to grow from USD 4.6 billion in 2023 to USD 6.1 billion by 2028, at a CAGR of 6.0% according to a new report by MarketsandMarkets™. Refinery and petrochemical filtration are essential processes in downstream oil and gas production. Refinery filtration purifies crude oil and feedstocks, creating high-quality fuels and lubricants. Petrochemical filtration eliminates contaminants from chemicals and gases used in plastics and industrial goods. Filters are crucial to guarantee the quality and purity of final products while minimizing environmental impact and reducing operational costs.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=177441041
The refineries segment is expected to be the largest segment in the refinery and petrochemical filtration market
This report segments the refinery and petrochemical filtration market based on end user into two segments: refineries, and petrochemical industry. The refineries segment is expected to be the largest segment during the forecast period. High investments in global refineries have positively impacted the filtration market for refineries. The need for increased refining capacity is driven by growing energy demand and oil and gas supply. Advancements in refining technology have improved efficiency, reduced waste, and improved the yield of refined products. Stricter emissions regulations have driven cleaner technologies and processes, fueling investments in filtration products.
The bag filter is expected to be the second largest segment in the refinery and petrochemical filtration market
By filter type, the refinery and petrochemical filtration market is divided into coalescer filter, cartridge filter, electrostatic precipitator, filter press, bag filter, and others. Bag filter is the second largest segment in the market. Bag filters are used to filter fluids with a relatively small loading of particles to be removed. The particle suspension passes through, and the particles settle in the bag. The adoption of bag filters is growing in the refinery and petrochemical industry due to their high filtration efficiency, versatility, and cost-effectiveness.
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North America is expected to be the largest region in the Refinery and Petrochemical Filtration Market
North America is expected to be the largest Refinery and Petrochemical Filtration Market during the forecast period. Industries in North America is constantly evolving, with new developments and emerging trends emerging. Some key trends such as the growth in the energy consumption of the region, coupled with development of oil and gas production and refining capacities drive the market for refinery and petrochemical filtrations with the rising need for effective power distribution.
Some of the major players in the Refinery and Petrochemical Filtration Market are 3M (US), Pall Corporation (US), Parker Hannifin Corporation (US), Eaton (Europe), and Pentair Filtration Solutions, LLC (US).
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: newsletter@marketsandmarkets.com
About MarketsandMarkets™:
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=177441041
The refineries segment is expected to be the largest segment in the refinery and petrochemical filtration market
This report segments the refinery and petrochemical filtration market based on end user into two segments: refineries, and petrochemical industry. The refineries segment is expected to be the largest segment during the forecast period. High investments in global refineries have positively impacted the filtration market for refineries. The need for increased refining capacity is driven by growing energy demand and oil and gas supply. Advancements in refining technology have improved efficiency, reduced waste, and improved the yield of refined products. Stricter emissions regulations have driven cleaner technologies and processes, fueling investments in filtration products.
The bag filter is expected to be the second largest segment in the refinery and petrochemical filtration market
By filter type, the refinery and petrochemical filtration market is divided into coalescer filter, cartridge filter, electrostatic precipitator, filter press, bag filter, and others. Bag filter is the second largest segment in the market. Bag filters are used to filter fluids with a relatively small loading of particles to be removed. The particle suspension passes through, and the particles settle in the bag. The adoption of bag filters is growing in the refinery and petrochemical industry due to their high filtration efficiency, versatility, and cost-effectiveness.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=177441041
North America is expected to be the largest region in the Refinery and Petrochemical Filtration Market
North America is expected to be the largest Refinery and Petrochemical Filtration Market during the forecast period. Industries in North America is constantly evolving, with new developments and emerging trends emerging. Some key trends such as the growth in the energy consumption of the region, coupled with development of oil and gas production and refining capacities drive the market for refinery and petrochemical filtrations with the rising need for effective power distribution.
Some of the major players in the Refinery and Petrochemical Filtration Market are 3M (US), Pall Corporation (US), Parker Hannifin Corporation (US), Eaton (Europe), and Pentair Filtration Solutions, LLC (US).
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: newsletter@marketsandmarkets.com
About MarketsandMarkets™:
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.
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