Depth Filtration Market | Industry Growth, Trends and Forecast Upto 2025
The
global depth filtration market is anticipated to reach
USD 4.02 billion by 2025, according to a new report by Grand View Research,
Inc. Growing use of depth filters in the manufacturing of healthcare products
is projected to be a major driving factor for market growth.
Rising
demand for clean & high quality filter goods in pharmaceutical and
biopharmaceutical industry is expected to boost the market over the forecast
period. Significant benefits such as low cost and ease in the usage of the
products is anticipated to augment the market from 2017 to 2025. Depth
filtration services have various advantages in water filtration, food &
beverages, healthcare, and raw material purification sectors.
Growing
research and development activities carried out by companies is projected to
propel the market over the forecast period. In March 2017, Merck launched the
Milli-Q IQ 7000, it is the seventh-generation Milli-Q water purification
technology which provides ultrapure water to scientist in laboratories.
Full
Research Report On Global Depth Filtration Market Analysis:
www.grandviewresearch.com/industry-analysis/depth-filtration-market
www.grandviewresearch.com/industry-analysis/depth-filtration-market
Further
key findings from the report suggest:
- The global depth
filtration demand was USD 1.5 billion in 2016 and is expected to grow at a
CAGR of 11.7% over the forecast period
- Diatomaceous earth emerged
as the largest media type segment in 2016 and is estimated to generate a
revenue over USD 1.3 billion by 2025
- Rising demand for
diatomaceous earth filtration techniques in biopharmaceutical industry as
an aid in fractionation of human plasma is projected to propel the
industry over the next eight years
- Capsule filters is
anticipated to be the fastest growing product segment and is estimating a
CAGR of 12.4% over the forecasted period
- Healthcare application
segment is anticipated to grow at a significant rate owing to a moderate
market share
- Increasing use in
healthcare industry to offer venting and microfiltration for medical
devices is projected to fuel the market growth
- The Asia Pacific region is
anticipated to witness high growth rate at a CAGR of 12.2% by 2025.
- Developing economies in
the region, including India and China, have been experiencing strong
economic growth, which is expected to drive healthcare and food &
beverages industry over the forecast period
- Key players of the
industry include Merck KGaA, 3M Company, TPall Corporation, Eaton
Corporation PLC, Donaldson Company, Inc, and Sartorius AG
- These major players are
often indulged in mergers, joint ventures, & acquisitions, in order to
expand their product portfolio and gain market share
View more
reports of this category by Grand View Research at:
www.grandviewresearch.com/industry/advanced-materials
www.grandviewresearch.com/industry/advanced-materials
Grand View Research has segmented the global depth filtration market on
the basis of media type, product, application and region:
Depth
Filtration Media type Outlook (Revenue, USD Million, 2014 - 2025)
- Diatomaceous
Earth
- Activated
Carbon
- Cellulose
- Perlite
Depth
Filtration Product Outlook (Revenue, USD Million, 2014 - 2025)
- Cartridge
Filters
- Capsule
Filters
- Others
Depth
Filtration Application Outlook (Revenue, USD Million, 2014 - 2025)
- Water
Filtration
- Food
& Beverages
- Healthcare
- Others
Depth
Filtration Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Europe
- UK
- Germany
- Asia
Pacific
- China
- India
- Central
& South America
- Middle
East & Africa
View press
release of this research report by Grand View Research:
www.grandviewresearch.com/press-release/global-depth-filtration-market
www.grandviewresearch.com/press-release/global-depth-filtration-market
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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