PUBLISHER: The Business Research Company | PRODUCT CODE: 1484767
PUBLISHER: The Business Research Company | PRODUCT CODE: 1484767
Depth filtration denotes a separation method wherein a fluid traverses through a porous substance, ensnaring particles within the medium's depth. Employed for eliminating contaminants, particulates, and impurities from liquids or gases, this process entraps particles within the filter media, enabling a substantial dirt-holding capacity and effective filtration of intricate fluids.
The several types of depth filtration are cartridge filters, capsule filters, filter modules, filter sheets, plates and frames, along with accessories and other variations. Cartridge filters, for instance, are cylindrical filtration tools comprising a porous medium that captures contaminants during fluid passage. These filters utilize diverse media types such as diatomaceous earth, cellulose, activated carbon, perlite, among others. They find application across a spectrum of uses, including final product processing, cell clarification, raw material filtration, blood separation, and more, serving diverse industries such as water treatment, food and beverage, healthcare, and beyond.
The depth filtration market research report is one of a series of new reports from The Business Research Company that provides depth filtration market statistics, including depth filtration industry global market size, regional shares, competitors with a depth filtration market share, detailed depth filtration market segments, market trends and opportunities, and any further data you may need to thrive in the depth filtration industry. This depth filtration market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The depth filtration market size has grown strongly in recent years. It will grow from $2.13 billion in 2023 to $2.33 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The expansion observed during the historical period can be attributed to various factors, including heightened demand for biopharmaceuticals, marked growth within the pharmaceutical industry, and increased attention towards bolstering healthcare infrastructure. Additionally, the rise in stringent regulatory standards and the prevalence of chronic diseases have played pivotal roles in driving this growth trajectory.
The depth filtration market size is expected to see strong growth in the next few years. It will grow to $3.38 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The projected growth in the forecast period is anticipated to stem from several key factors, including the escalating research and development activities in the biopharmaceutical sector, a surge in demand for biosimilars, and a notable shift towards continuous manufacturing processes.
The upsurge in pharmaceutical drug manufacturing is anticipated to drive the expansion of the depth filtration market. Pharmaceutical drugs, crucial for treating medical conditions in humans and animals, are witnessing increased production due to rising instances of chronic and infectious diseases alongside a growing aging population. This demographic trend necessitates greater medication demand to address age-related ailments. Depth filtration plays a pivotal role in ensuring the safe and reliable production of pharmaceutical products, offering effective particulate removal, bioburden reduction, and process fluid purification. For instance, in June 2023, the European Federation of Pharmaceutical Industries and Associations (EFPIA) reported a 4.95% increase in total pharmaceutical production in Europe, reaching $384,200 million (€340,000 million) in 2022 from $366,267 million (€323,950 million) in 2021, highlighting the market's growth driven by pharmaceutical manufacturing.
Key players in the depth filtration sector are prioritizing the development of advanced filtration instruments to optimize purification processes. Activated carbon depth filter media, renowned for their unique adsorption properties, enhance traditional depth filtration capabilities by effectively removing particulates. In June 2023, Eaton Corporation PLC introduced Beco Carbon ACF 03 grade, tailored for pharmaceutical and biopharmaceutical production. This media provides mesoporous to microporous adsorption, eliminating organic impurities such as endotoxins and stains from the medium. Meeting stringent USP Class VI testing and biocompatibility standards ensures product safety and quality. The technology streamlines processes by eliminating the need for powdered activated carbon dosing and offers diverse designs for various applications, optimizing costs and enhancing usability.
In October 2021, Pentair PLC completed the acquisition of Pleatco LLC for $255 million, aimed at bolstering its presence in the aftermarket filtration space, particularly in the pool, spa, and industrial air markets. This strategic move enables Pentair to expand its industrial filtration portfolio with complementary air filtration products, catering to the needs of industrial clients. Pleatco LLC, known for its expertise in water filtration and clean air technologies, specializes in designing and manufacturing depth filter cartridges and other filtration products, aligning with Pentair's business objectives and market expansion strategies.
Major companies operating in the depth filtration market are 3M Company, Merck KGaA, Eaton Corporation PLC, Parker Hannifin Corporation, Saint-Gobain Performance Plastics Corporation, MANN+HUMMEL GmbH, Alfa Laval AB, Cantel Medical Corp., Sartorius AG, Ahlstrom Holding 3 Oy, Donaldson Company Inc., Pall Corporation, Meissner Filtration Products Inc., ErtelAlsop, Graver Technologies LLC, Synder Filtration Inc., Carl Stuart Group (Pure Process), Amazon Filters Limited, Filtrox AG, Fileder Filter Systems, Trinity Filtration Technologies Private Limited, BioPharmaSpec Limited, ANOW Microfiltration Co. Ltd.
North America was the largest region in the depth filtration market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the depth filtration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the depth filtration market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The depth filtration market consists of sales of filter presses, filter bags, filter aids, and filter membranes. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Depth Filtration Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on depth filtration market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for depth filtration ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The depth filtration market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.