Depth Filtration Market: Revenue Growth Development and Analysis of Demand

Depth filtration market is projected to reach USD 2.9 billion by 2025 from USD 1.7 billion in 2019, at a CAGR of 9.0% during the forecast period.

Depth filtration is a type of filtration that uses a porous material, such as paper, fabric, or activated charcoal, to remove suspended particles from a liquid or gas. It is a physical process that occurs when particles are trapped between two layers of material, causing them to become trapped and unable to pass through. Depth filtration is often used in water treatment systems, in the medical and pharmaceutical industries, and in the production of food and beverages. Depth filtration is an effective and economical way to remove particles from liquids, and it is often used as a pre-filtration step before more complex filtration processes.

Currently, depth filtration market is projected to reach USD 2.9 billion by 2025 from USD 1.7 billion in 2019, at a CAGR of 9.0% during the forecast period. 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 of high capital investments for setting up production facilities are expected to restrain the growth of this market during the forecast period.

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Market Drivers

  • Increasing adoption of single-use technologies
  • Focus on developing large-molecule biopharmaceuticals
  • Advantages such as low cost and ease of use are driving the uptake of depth filters

Market Opportunities

  • Emerging markets

Market Challenges

  • Requirement of high capital investments for setting-up production facilities

Market Trends

  • Increased preference of synthetic depth media over naturally derived media

The prominent players operating in the depth filtration market are KGaA (Germany), Danaher Corporation (US), Sartorius AG (Germany), GE Healthcare (US), 3M (US), Parker Hannifin Corporation (US), Porvair Filtration Group (UK), ErtelAlsop (US), Amazon Filters Ltd. (UK), Meissner Filtration Products, Inc. (US), Donaldson Comany, Inc. (US), Eaton Corporation (Ireland), Saint-Gobain Performance Plastics (France), Clariance Technique (Australia), Repligen Corporation (US), Microfilt India Pvt. Ltd. (India), Graver Technologies (US), Gusmer Enterprises (US), Filtrox AG (Switzerland), Pure Process (UK), Membrane Solutions (US), Allied Filter Systems Ltd. (UK), Pentair (US), Membracon (UK), and Phenomenex (US)

Danaher Corporation (US) is the leading player in the global depth filtration market owing to its broad range of products in depth filtration. The sale of the company’s separation, filtration, and purification technologies have witnessed high demand from the biopharmaceutical industry in Western Europe, North America, and other high-growth markets, particularly in the Asia Pacific region. The company is focusing on expanding its presence in Europe and the Asia Pacific region to maintain its leadership position.

 

Merck KGaA (Germany)  has over 50 years of expertise with leading products in the market. The company has been providing depth filters and media in this market through its Millistak, Clarisolve, and Opticap series. Merck has expanded its position as the most profitable technology and solutions supplier in the depth filtration industry by offering leading-edge products for biotechnology and pharmaceutical companies

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Report Objectives

  • To define, describe, and forecast the global protein engineering market, by product, media type, application, operation scale, and region
  • To provide detailed information regarding the major factors influencing the growth of the depth filtration market (drivers, restraints, and opportunities)
  • To analyze micro markets with respect to individual growth trends, prospects, and contributions to the overall depth filtration market
  • To analyze opportunities in the market for stakeholders and provide details of a competitive landscape for market leaders
  • To forecast the size (by value) of market segments concerning four major regions (along with countries)—North America, Europe, the Asia Pacific, and Latin America, Middle-East and Africa.
  • To profile key players and comprehensively analyze their core competencies in terms of key market developments and growth strategies
  • To track and analyze competitive developments such as product launches, acquisitions, agreements, and expansions in the depth filtration market

Recent Developments:

  • In 2019, Sartorius opened manufacturing operations in Yauco, Puerto Rico, to increase its production capacity and deliver a wider array of products to its American customers directly.
  • In 2019, Merck expanded its distribution capacity in Gillingham, UK.
  • In 2019, Parker Bioscience Filtration, a part of Parker Hannifin, expanded its facilities at Birtley, UK

Content Source:

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https://www.marketsandmarkets.com/PressReleases/depth-filtration.asp


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