Filter Press Market – Comprehensive Coverage of Underlying Economic and Technological Factors Under Key Trend Analysis

Albany, NY — 05/16/2018 — Filter press are tools that are used for separation processes of mainly liquids and solids. The process uses the principle of pressure drive, which is provided by the slurry pump. Growing awareness regarding the need for treatment of wastewater in order to meet the demand for water is considered as one of the key drivers of the global filter press market. Rising scarcity of water over the years and very slow recharge of groundwater results in the rising adoption of new water treatment projects. Additionally, the popularity of water recycling in developed regions such as North America and Europe is also resulting in the adoption of new water treatment projects over the years. In addition to this, growing number of industries has resulted in the evolution of newer filter presses with advanced technologies and unique features. Manufacturers of filter press are focused on developing new products in order to provide safe drinking water to populations across the globe. For instance, in recent years, the market witnessed the emergence of pneumatic filter presses that are economical, safe, and easy to use. Such filter presses do not depend upon electricity that results in the reduction in operational costs.

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The global filter press market has been segmented into different product types such as frame and plate filter press, recessed plates, and automatic filter press. Recessed plates filter press dominated the market due to the increasing growth rate in polymer and pharmaceutical industries. Automatic filter press is expected to witness rapid growth rate during the forecast period owing to its rising usage in several industries such as chemicals and petrochemicals. Additionally, increased sales of vehicles that result in the rise in usage of tires in the new cars are also boosting the demand for recessed filter plates. The market has been further segmented based on different end user applications into food and beverage, chemical, pharmaceutical, and cosmetics among others.

The global filter press market is mainly driven by the growth in water treatment, sewage treatment plants, and chemical industries. Additionally, rapid urbanization and disposable income has resulted in the rise in demand for filter press among consumers over the years. However, rise in installation cost is considered as one of the major restraints to the market. Moreover, rising usage of advanced next generation filter press is expected to create opportunities to the global filter press market during the forecast period.

In terms of region, the global filter press market has been bifurcated into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Europe, which comprises the U.K, Germany, Italy, Russia and France among other countries, dominated the market due to the rising awareness of water treatment and rise in awareness of water safety among the population. North America which comprises the U.S and Canada also grabbed a significant market share owing to the rise in the number of chemical and pharmaceutical industries over the years. Asia Pacific, which comprises China, India, and Japan, is set to witness the fastest growth rate during the forecast period owing to the growth of food and beverage, textile, and polymer industries. Additionally, growing number of food processing industries in the developing regions is also projected to result in the rapid growth rate of the global filter press market during the forecast period.

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Manufacturers operating in the global filter press market face stiff competition and are thus focused on continuous product development with improved technologies. Strategic acquisition is considered as the major strategy to improve a company's product portfolio. Major players operating in the filter press market are Andritz, Micronics, Evoqua Water Technologies, M.W. Watermark, FLSmidth, ALFA LAVAL, Aqseptence Group, Bafproje, Freudenberg Filtration Technologies, Latham International, Toro Equipment, Parker Hannifin, and Water Confidence Technologies among others.

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About the Author: Bob Cooper

Bob Cooper is Canadian Business Tribune''s senior editor. He is also a nationally syndicated newspaper columnist and a bestselling author. He lives in London Ontario and covers the intersection of money, politics and finance. He appears periodically on national television shows and has been published in (among others) The National Post, Politico, The Atlantic, Harper’s, Wired.com, Vice and Salon.com. He also has served as a journalist and consultant on documentaries for CBC and Global News . In 2014, he was the winner of the Society of American Business Editors and Writers' investigative journalism award, and the winner of the Izzy Award for Journalism from Ithaca College's Park Center for Independent Media. He was also a finalist for UCLA's Gerald R. Loeb Award and Syracuse University's Mirror Award. Before becoming a journalist in 2006, Sirota worked in Washington for, among others, U.S. Rep. Bernie Sanders, the U.S. House Appropriations Committee Minority Staff and the Center for American Progress.

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