As per the report, the global depth filtration market size was worth USD 2.1 billion in 2019 and forecasted to grow USD 3.8 billion by 2024, registering a CAGR of 12.22% from 2019 to 2024.
Depth filtration is a process of filtering of particles through a porous filtration medium that filters large and heavy particulates and these depth filters can be held back a massive amount of particles before they are blocked away. The depth filters are mainly used for various applications like water filtration, food and beverages, healthcare, raw material purification and pharmaceutical industries. These are made up of cellulose fibres, and filter aids such as diatomaceous earth surrounded together with polymeric resins which supply required wet strength.
Depth filtration is a filter which has got single or multiple layers for filtering and seizures impurities, stain and pollution within its filtering layers. These depth filters consist of an array arbitrarily oriented and bonded fibres which interpret the particles in the filter with depth. Membrane filtration is microporous plastic shrink wrap particular pore size. This technique is productive and approved process for examining fluid samples for microbiological contamination. Particles of diameter below the pore size pass through the membrane. These membrane filters are generally suited for captious applications which need maximum particle recovery.
MARKET DRIVERS
Growing adoption of single-use technologies and increasing focus on developing large molecule biopharmaceuticals are primarily driving the global depth filtration market.
Rising investments in research and development by the top leading companies to develop large molecules is one of a significant factor driving the market growth. This depth filtration process is widely used across the globe for extraction of large-sized molecules. Moreover, the depth filters are low-budget, quick and are well-organized in the separation of high-denseness of pre-heated feed steams and also have the capability to hold back the large mass of particles.
Growing usage of the healthcare industry for emitting and microfiltration towards medical devices is another major factor accelerating market growth. Technological advancements and increasing demand for pure and high essence filter goods are further fuelling the depth filtration market growth.
MARKET RESTRAINTS
Strict rules and guidelines by the government bodies to use depth filtration process and the FDA approvals are some of the significant factors limiting the market growth. Lack of complete knowledge over the depth filtration process, need for high capital investments from key players are some other key factors restraining the market during the forecast period. Less quantity of depth filters, tremendous consistency of harvest, are further inhibiting the market growth of depth filtration.
REPORT COVERAGE
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2018 to 2024 |
|
Base Year |
2018 |
|
Forecast Period |
2019 to 2024 |
|
Segments Covered |
By Media Type, Product, Application and Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
This report on the global depth filtration market is segmented and sub-segmented into Media Type, Product Type and Application Type.
Depth Filtration Market - By Media Type
Based on the media type, the diatomaceous earth segment is expected to hold the largest market share of the depth filtration market over the forecast period. At the same time, it also estimated to display the highest growth rate during the forecast period.
Depth Filtration Market -By Product Type
Based on the Product type, the capsule filters segment is regarded to be the quickest growing with a CAGR value of 13.2% during the forecast period.
Based on the product type analysis, the capsule filters segment is observed to showcase a CAGR value of 13.2% over the forecast period. The high dirt holding capacity majorly drives the growth of this segment, and extended service life of the products supports in decreasing labour costs by reducing filter change-out frequency.
Depth Filtration Market -By Application Type
Based on the application, the final product processing segment is predicted to dominate the depth filtration market throughout the forecast period. The growth of this segment is attributed due to enlargement of generic production, and the demand for high-quality final products. Of this segment, the sub-segment small molecules processing is the highest of the share. The growth of these small molecules processing growth is due to the requirement of for purity in production of API and their formulation.
Depth Filtration Market – By Region
Regionally, North American region dominated the global depth filtration market in 2019 and estimated to continue its dominance throughout the forecast period. Enlargement of oil and gas industry and growing investments in life sciences, pharmaceutical and biotechnology industries for the researches purpose attributing the growth to the market in this region. Among different nations of North America, the U.S. is a country holding the largest share in this region.
Europe took second place in leading the majority of the shares in the global market in the year 2019. In Europe, Germany is estimated to perform well during the forecast period. Low-costs and growing requirement for depth filters for the manufacturing process of drug therapies are likely to boost the growth of the market 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. Factors like an expansion of the industry by market key players integrated with growing research and development activities in countries like India and Japan.
Latin America is estimated to have a steady growth over the forecast period. Countries like Mexico and Brazil, the increase is due to the accessibility of large workspace and growing demand for quality products of these existing countries and also offer ample opportunities for manufacturers of depth filters of this region.
The Middle East & Africa region has prolonged growth of depth filtration market from 2019 to 2024. The countries like Israel and South Africa have tremendous capability and prospective for large companies for their enlargement. Also, the accessibility of technological advancements is accelerating the market.
TOP COMPANIES IN THE MARKET
Major companies playing a leading role in the global depth filtration market profiled in the report are Merck KGaA, 3M Company, Alfa Laval, Filtteck Co., Ltd, Pall Corporation, Donaldson Company, Sartorius Stedim Biotech S.A., Ahlstrom Corporation and Eaton Corporation.
RECENT MARKET DEVELOPMENTS
On February 19, 2019, Parker Bioscience filtration of the UK, which is a part of Parker Hannifin, has opened its new testing centre at Birtley UK. The SciLog Suite offers the patients the opportunity to test and optimize with the production process. It is a semi-automated single-use bioprocessing system for tangential filtration.
On March 06, 2017, Merck Company has introduced a new lab water purification technology on its 50th anniversary, which is a MilliQ- IQ 7000 system. The technology is designed with purification cartridges, mercury-free UV lamps, and this system is quick and easy access for information.
Pall Corporation has introduced its new SUPRApak in-depth filtration that uses a flow configuration technology known as “edge flow”. The new technology helps to restore the conventional plate and frame filters with a unique matrix.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Media Type
5.1.1 Introduction
5.1.2 Diatomaceous Earth
5.1.3 Activated Carbon
5.1.4 Cellulose
5.1.5 Perlite
5.1.6 Y-o-Y Growth Analysis, By Media Type
5.1.7 Market Attractiveness Analysis, By Media Type
5.1.8 Market Share Analysis, By Media Type
5.2 Product
5.2.1 Introduction
5.2.2 Cartridge Filters
5.2.3 Capsule Filter
5.2.4 Filter Modules
5.2.5 Filter Sheets
5.2.6 Other Products
5.2.7 Y-o-Y Growth Analysis, By Product
5.2.8 Market Attractiveness Analysis, By Product
5.2.9 Market Share Analysis, By Product
5.3 Application
5.3.1 Introduction
5.3.2 Final Product Processing
5.3.2.1 Small Molecule Processing
5.3.2.2 Biologics Processing
5.3.3 Cell clarification
5.3.4 Raw Material Filtration
5.3.4.1 Media and Buffer Filtration
5.3.4.2 Bioburden Reduction
5.3.5 Other Applications
5.3.6 Y-o-Y Growth Analysis, By Application
5.3.7 Market Attractiveness Analysis, By Application
5.3.8 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Media Type
6.1.3.3 By Product
6.1.3.4 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Media Type
6.1.4.3 By Product
6.1.4.4 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Media Type
6.1.5.3 By Product
6.1.5.4 By Application
6.2 North America
6.2.1 Introduction
6.2.2 United States
6.2.3 Canada
6.3 Europe
6.3.1 Introduction
6.3.2 U.K
6.3.3 Spain
6.3.4 Germany
6.3.5 Italy
6.3.6 France
6.4 Asia-Pacific
6.4.1 Introduction
6.4.2 China
6.4.3 India
6.4.4 Japan
6.4.5 Australia
6.4.6 South Korea
6.5 Latin America
6.5.1 Introduction
6.5.2 Brazil
6.5.3 Argentina
6.5.4 Mexico
6.5.5 Rest of Latin America
6.6 Middle East & Africa
6.6.1 Introduction
6.6.2 Middle-East
6.6.3 Africa
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Merck KGaA
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 3M Company
8.3 Alfa Laval
8.4 Filtteck Co., Ltd.
8.5Pall Corporation
8.6 Donaldson Company
8.7 Sartorius Stedim Biotech S.A.
8.8 Ahlstrom Corporation
8.9 Eaton Corporation
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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