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Sintered Porous Plastic Filters Market Report Overview
The global sintered porous plastic filters market size was USD 1420 million in 2021 & the market is expected to reach USD 2,810.80 million in 2031, exhibiting a CAGR of 7.16% during the forecast period.
The COVID-19 pandemic has been unprecedented and staggering, with the sintered porous plastic filters market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
The sintered porous plastic filters is a hyper advanced filtering technology involving a process of fusing various porous materials together keeping in mind that it doesn’t reach a point where it starts to liquefy. In order to achieve the desired effect, heat and/or pressure is applied in a very controlled environment.
It is primarily used in filtering and controlling the flow of fluids and has found its application in automotive, aerospace, home appliance, power & hand tools, pumps & valves , filtration and separation, medical, food, chemical, oil, refinery, sports vehicles and several other industries.
COVID-19 Impact: Pandemic Decreased the Market Demand
While the world was taken aback by restrictions imposed due to a pandemic the sintered porous plastic market has also taken a hit. This is mostly owing to the reduced investment of the government and the private companies in the plastic filter manufacturing. This resulted in a temporary cut back by the sintered porous plastic filter manufacturers. Moreover the paradigm shift in the functioning of the chemical businesses due to the crevasse in the demand for chemicals across the end markets had hindered the growth of the sintered porous plastic market.
Latest trends
"Launching of advanced manufacturing technologies to increase utility and consumer base"
There has been a rapid increase in the sintered porous product market which has found it’s use in several industries in the recent years including but not limited to chemical, textile, food, medical and food industries. This growth has compelled the major market players to employ pioneering marketing and positioning techniques in order to build upon this boom in the market. This has made the market more competitive, where every player is implementing more advanced marketing techniques.
Therefore the main focus has been to invest heavily to help develop advanced products to cater to the needs of different customers. Furthermore, the key market players are also pondering upon ways to uplift their manufacturing capacity to support the growth in the sintered plastic filters market.
Sintered Porous Plastic Filters Market Segmentation
- By Type Analysis
According to type, the market can be segmented into Ultrahigh Molecular Weight Polyethylene (UHMWPE), High-density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Very Low-Density Polyethylene (VLDPE), and Polypropylene (PP). Ultrahigh Molecular Weight Polyethylene (UHMWPE) is the fastest growing segment by type.
- By Application Analysis
Based on application, the market can be divided into Filter and Applicators
Driving Factors
Sintered porous plastic filters market growth has been stimulated by the wastewater treatment industry’s extensive usage of the product. All the industrial system face a serious challenge when it comes to waste management. It has been seen that or the purpose of industrial water filtration as well as municipal waste water application, Tubular membrane filters, underdrain support plates, and standard filter housings are being used. While there usage of tubular membrane filters are very specific to microfiltration of industrial waste water, in order to support multimedia and sand filtration beds in municipal, industrial, and residential water treatment processes, the underdrain support plates are our go-to. The function of standard filter housing is as a self-sufficient preliminary liquid filters. The potential to be applied in different industries is expected to spur growth in the market.
Sintered porous plastic filters has also expanded its market to include several other industries such as microchip manufacturing, electroplating, and zero liquid discharge systems. The requirement for sintered porous plastic filters is not limited to just waste water management but other industries like automotive, home appliances, aerospace, power & hand tools, filtration & separation, pumps & valves, medical, chemical, refinery, food, oil, and sports vehicles. In order to fulfil the different requirements of different industries they have both the hydrophilic and the hydrophobic models. Hence, due to such versatile industrial application it is anticipated that the sintered porous plastic filters market will continue to grow during the forecast period.
Restraining Factors
"Regulation In Use Of Plastic To Restrain Market Growth"
The uprising environmental concern due to the increased use of plastic has shifted the concern of industry manufacturers to shift to the use of organic and bio degradable materials to facilitate durability and reusability. The increase in the use of plastic in the past 50 years and the careless disposal of the same have put the environmentalist under serious concern. This has led to certain restrictions being imposed on the use of plastic. Owing to this increasing regulations major companies are forced to find a substitute for plastic since items like plastic based rods and filers are being held has one of the major cause for polluting the rivers of the world.
Sintered Porous Plastic Filters Market Regional Insights
"Asia Pacific To Be The Leading Region Owing To The Major Market Players"
Sintered porous plastic filters market share is the largest in Asia-Pacific region and is predicted to experience the fastest growth in the projected period. The presence of the major market players in this region has contributed to this growth. Another contribution factor is the long standing chemical sectors in this region that has increased the demand of the product.
Key Industry Players
"Applying Collaborative Efforts through Mergers and Acquisitions To Influence The Market"
The major market players occupying most of the market share are now engaging in collaborative initiatives through partnerships, mergers and acquisitions and launching novel products to strengthen their presence in the market. Porex, for example, took initiatives to establish an innovation centre to address issue of growing market demand in new life science technology in April, 2021. This centre was established as a new business unit under the name Porex Life Science Institute. The process of manufacture plays a key role in regulating the prices of the products and thus one of the primary focus contributing to the competitiveness of the market is to produced high quality materials at low cost.
LIST OF TOP SINTERED POROUS PLASTIC FILTERS COMPANIES
- China Rainbow Porous Filters & Parts
- Pore Technology Inc.
- Blinex Filter - Coat Pvt Ltd.
- Allied Group, Inc.
- POROYAL
- Industrial Specialties Mfg., Inc.
- Marian, Inc.
- Saint-Gobain Performance Plastics
- International Polymer Engineering
- GenPore
- Porvair Filtration Group
- Porex
- Beltran Technologies, Inc.
- Lvyuan
- AMI Enterprises
Report Coverage
This report examines an understanding of the sintered porous plastic filters market’s size, share, and growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.
Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.
This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 1420 Million in 2021 |
Market Size Value By |
US$ 2 Million by 2031 |
Growth Rate |
CAGR of 7.16% from 2021 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
|
|
By Application
|
Frequently Asked Questions
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What value is the global sintered porous plastic filters market expected to touch by 2031?
The global sintered porous plastic filters market is expected to touch USD 2,810.80 million in 2031.
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What CAGR is the sintered porous plastic filters market expected to exhibit during 2021-2031?
The sintered porous plastic filters market is expected to exhibit a CAGR of 7.16% over 2021-2031.
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Which are the driving factors of the sintered porous plastic filters market?
Extensive use of sintered porous plastic filters by waste water management industries and application in various other industries.
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Which are the top companies operating in the sintered porous plastic filters market?
China Rainbow Porous Filters & Parts, Pore Technology Inc., Blinex Filter - Coat Pvt Ltd., Allied Group, Inc., POROYAL, Industrial Specialties Mfg., Inc.,Marian, Inc., Saint-Gobain Performance Plastics, International Polymer Engineering, GenPore, Porvair Filtration Group, Porex, Beltran Technologies, Inc., Lvyuan, AMI Enterprises are the top companies operating in the sintered porous plastic filters market.