Industry Analysis On Depth Filtration Market
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 retain large amount of particles before they get clogged by the particles.
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Depth filters have better loading capabilities and higher flow rates than regular filters. Hence, they are used for 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.
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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 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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The global depth filtration market is segmented by media type, product, application and region. Based on the media type used in the filter, the market is segmented into Diatomaceous Earth, Activated Carbon, Cellulose and Perlite. Based on the product, the market is segmented into Cartridge filters, Capsule Filters, Filter modules, Filter sheets and other products. Capsule filters segment is projected to be fastest growing segment due to its increasing applications in biotechnology industry. On the basis of application, the market is segmented into Final Product Processing, Cell clarification and Raw Material Filtration. The final product processing segment is sub segmented into small molecules processing and biologics processing. Raw material filtration is projected to hold the largest market share as depth filtration is highly useful in large volumes filtration.
On the basis of 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 in 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 availability of large work force.
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.
Scope of the Report
• Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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Depth Filtration Market Industry Analysis
The Global Depth Filtration Market was worth USD 1.52 billion in 2016 and is projected to grow at a CAGR of 12.1%, to reach USD 2.69 billion by 2021. 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 retain large amount of particles before they