Depth Filtration Market Share, Growth, Trends, And Forecast To 2024
Added: (Tue Jul 16 2019)
Pressbox (Press Release) -
Market Overview:
Depth Filtration Market was worth USD 2.1 billion in 2019 and is projected to grow at a CAGR of 12.22%, to reach USD 3.8 billion by 2024. In-depth filtration method, particulate matter is retained throughout the depth of medium by porous filtration medium, unlike the conventional filters which retain particles only on the surface of the medium. Depth filters can keep a large number of particles before they get clogged by the particles. Depth filters have better loading capabilities and higher flow rates than regular filters. Hence, they are used for the filtration of large volumes. Depth filtration has its applications in various fields such as cell culture purification process, food and beverage industries, cosmetics, pharmaceutical, and biotechnology industries. The proper selection of depth filters improves the productivity of purification processes as their filtration rates are higher than other designs.
Market Drivers and Restraints:
Demand for depth filtration is increasing due to the increase in R&D activities in cell culture and biotechnology industries. New and advanced designs with improved efficiencies are being introduced to meet the requirements of the industry, reduction in time for drug development by using depth filters are expected to drive the global depth filtration market. Factors such as Low product extraction and stringent government regulations in the validation process are the restraining the growth rate of the market.
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Report segmented as
By Media Type:
Cartridge Filters
Capsule Filter
Filter Modules
Filter Sheets
By Type:
Diatomaceous Earth
Activated Carbon
Cellulose
Perlite
By Application:
Final Product Processing
Cell Clarification
Raw Material Filtration
Geographical Analysis:
Based on the region, the global depth filtration market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. North America holds the largest market share due to the increase in investments in life sciences research and pharmaceutical and biotechnology industries in this region. Asia-Pacific region is the fastest growing market segment due to the expansions of key market players in this region due to the availability of a large workforce.
Important Market Players:
The major players in depth filtration market are Merck KGaA, 3M Company, Alfa Laval, Filtteck Co., Ltd., Pall Corporation (U.S.), Donaldson Company, Sartorius Stedim Biotech S.A., Ahlstrom Corporation and Eaton Corporation.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
About Us:
Market Data Forecast is a firm working in the areas of market research, business intelligence, and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
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