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Depth Filtration Market (Media - Activated Carbon, Diatomaceous Earth, Cellulose, and Perlite; Product Type - Cartridge Filters, Capsule Filters, and Others; Application - Final Product Processing, Cell Clarification, Raw Material Filtration, Blood Separation, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

  • Published : May, 2022

  • Rep Id : CM0142

  • Category : Chemicals & Materials

  • Status : Published

A recent report published by Infinium Global Research on the depth filtration market provides an in-depth analysis of segments and sub-segments in the global as well as regional depth filtration market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional depth filtration market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global depth filtration market. According to the report, the global depth filtration market is projected to grow at a CAGR of 8% over the forecast period of 2022-2028. The revenue generated by the depth filtration market was approximately USD 2 billion in 2021 and is expected to reach approximately USD 3 billion in 2028.

 

Market Insight

The global depth filtration market is projected to register with a CAGR of 8% during the forecast period. Depth filtration is the process of removing suspended particles from the fluid through the thickness of the medium. The depth filtration technology is widely being used across industries for the extraction of solid materials from liquids. This technology is commercially used in the application sectors such as essential oils extraction, plasma filtration, transformer oil filtration, and water removal among others. Depth filtration systems are made up of depth filter media and are used in wide industrial applications such as chemicals and fine chemicals, cosmetics, pharmaceuticals, food and beverages, and biotechnology among others. The depth filtration technology is increasingly used in the healthcare segment, which in turn is projected to augment the market size of depth filtration in the world market. The growth of this market is majorly driven by factors such as the growing adoption of disposable filters and benefits such as ease of use and low cost of media and filters. However, factors such as the requirement for high capital investments for setting up production facilities are expected to restrain the growth of this market during the forecast period.

 

COVID-19 was an incomparable global public health emergency that has affected almost every industry and is projected to impact these various industry growths during the forecast period. During the Covid-19, pandemic people were compelled to stay in their homes. The governments of many countries in the world turned their focus to healthcare from other industries. This significantly disrupted their supply chain operations and manufacturing as lockdowns were imposed by the respective governments. Manufacturing facilities were all shut down due to the pandemic in almost every country across the globe. Logistical restrictions, manpower shortage, material unavailability, and other restrictions had reduced the growth of the industry. The pandemic has affected the normal production of companies. The COVID-19 pandemic has created instability in the depth filtration market across the globe. However, the market is now estimated to have reached pre-pandemic levels and is expected to grow steadily during the forecast period.

The global market for depth filtration has been growing at a substantial rate over the past few years. This trend is anticipated to continue over the forecast period. The growth in this market is primarily driven by factors such as increasing applications of depth filtration in the production of biologics and large molecules, low cost, and ease of use of depth filters. However, the growth in the market is restrained by the stringent regulation by governments invalidating the depth filtration process. Moreover, the expiry of patents of several blockbuster biologics is projected to create more opportunities for the use of depth filtration in the manufacturing of biosimilar and other biologics. The global depth filtration market is projected to grow at a rapid pace over the second half of the forecast period. The low cost associated with depth filtration and its ease of use is likely to replace other conventional filtration methods used in the application industries.

 

The report provides a regional outlook covering geographies such as North America, Europe, Asia-Pacific, and the Rest of the World. North America holds the command over the global depth filtration market and is expected to dominate the overall market during the forecast period. Owing to the increasing number of pharmaceutical and biotechnology companies, rising concern regarding purification, quality, protection of contaminants, and growth in water filtration, filtration, food & beverage, and raw material purification products. As per the Pharmaceutical Research and Manufacturers Association (PhRMA), United States companies conduct over half the world’s research and development (R&D) in pharmaceuticals making this region a leader in pharmaceutical R&D. thus resulting in propelling the growth of depth filtration as these processes are crucial in pharmaceutical as well as food & beverage, water purification and many more which further boost the overall market in this region. The Asia Pacific market, on the other hand, is expected to register the highest growth during the forecast period. Factors such as increasing research and development by pharmaceutical companies in China, India, and Japan are likely to support the growth of this market.


Depth Filtration Market


Segment Covered

The report on the global depth filtration market covers segments such as media, product type, and application. On the basis of media, the sub-markets include activated carbon, diatomaceous earth, cellulose, and perlite. On the basis of product type, the sub-markets include cartridge filters, capsule filters, and others. On the basis of application, the sub-markets include final product processing, cell clarification, raw material filtration, blood separation, and others.


Companies Profiled:

The report provides profiles of the companies in the market such as Pall Corporation, Eaton Corporation, Parker-Hannifin Corporation, 3M Company, Amazon Filters Ltd., Ertelalsop, Graver Technologies, Meissner Filtration Products, Inc., Filtrox AG, and Fielder Filter Systems.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the depth filtration market. Moreover, the study highlights current market trends and provides forecasts for 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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