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Published Date: November, 2017

Depth Filtration Market: Global Industry Analysis, Trends, Market Size of 2015 and 2016 & Forecasts up to 2023


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Depth filtration is a 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 extraction of solid materials from the 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 the 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 global depth filtration market is projected to grow at a CAGR between 12.0% and 12.5% over the period of 2017 to 2023 to surpass the market size of USD 3.65 billion in 2023.


Figure 1: Global Depth Filtration Market by Value 2015 - 2023

Depth Filtration Market


Market Insights

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 in validating the depth filtration process. Moreover, 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. Low cost associated with the depth filtration and its ease of use is likely to replace other conventional filtration methods used in the application industries.

 

Segments Covered:

The report segments the depth filtration market by media, by products and by applications. On the basis of media used for manufacturing of depth filtration market covers analysis of diatomaceous earth, activated carbon, cellulose and other materials. The diatomaceous earth segment accounted for the largest market share in terms of value over 2015 and 2016. On the basis of product types, the global depth filtration market is segmented as cartridge filters, capsule filters, filter modules, filter sheets and others. The cartridge filters segment is projected to dominate the depth filtration market by product types over the forecast period. 

On the basis of applications, the market is segmented as final product processing, ccell clarification, raw material filtration, and others. Among the applications the final product processing segment accounted for the largest market share, and this segment is projected to grow at the highest CAGR over the forecast period.


Geographic Coverage and Analysis:

The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015 – 2023.


Figure 2: Global Depth Filtration Market by Region

Depth Filtration Market

 

North America was the largest market among the geographies due to significant presence of applications industries in the region. Europe was the second largest market after North America. These two region collectively accounted for 64.5% share in 2015. The Asia Pacific region is projected to grow at the highest CAGR over the forecast period.  The emerging markets of Asia Pacific and Latin America such as India, China, and Brazil are among the fastest growing economies and these economies are projected to experience substantial growth in the healthcare industry over the forecast period.


Companies Profiled:

The companies covered in the report include Merck KGaA., 3M Company, Pall Corporation, Artorius Stedim Biotech S.A., Eaton Corporation, Sartorius AG, Filtrox AG, Graver Technologies, LLC, Donaldson Company, Inc., and Parker-Hannifin Corporation.


Report Highlights:

The report provides deep insights on demand conditions, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of depth filtration globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on 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 value chain analysis of depth filtration. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the depth filtration market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market strategies of the leading players.

This report will help manufacturers, suppliers and distributors of the depth filtration market to understand the present and future trends in this market and formulate their strategies accordingly.

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