Rising adoption of disposable filters, increasing use of single-use technologies, and rapid development of wastewater purification plants are key factors driving market growth
Market Size – USD 1.85 Billion in 2020, Market Growth – at a CAGR of 9.3%, Market Trends – Rising application of depth filters in pharmaceutical and biopharmaceutical research
The global depth filtration market size is expected to reach USD 3.78 Billion by 2028 at a CAGR of 9.3%, according to the latest report by Reports and Data. Increasing trend of single-use technologies, growing application of depth filters in healthcare and food & beverages sector, and rapid adoption of disposable filters across various industrial verticals are key factors expected to drive market revenue growth over the forecast period. Rising R&D expenditure to develop novel drugs and increasing deployment and expansion of wastewater purification plants are also expected to contribute to market growth over the forecast period.
Depth filters use porous filtration medium to retain particles throughout the medium instead of just on the surface of the medium. Depth filters, characterized by multiple porous layers, are generally used to capture solid contaminants from liquid phase. Key advantage of depth filters is that they can attain high-quality of particles without compromising separation efficiency. Depth filters are extensively used in downstream purification for cell culture and turbid feed streams clarification before they can be loaded onto chromatography columns. Due to its low cost and convenient usage, depth filtration is widely used for clarification of cell culture harvests and this is expected to boost adoption of depth filters in pharmaceutical and biotechnology industries and sectors, and further drive revenue growth of the market over the forecast period.
Increasing demand for clean and high-quality filter products in the biopharmaceutical industry and increasing use of filters in production of active pharmaceutical ingredients is also expected to contribute to growth of the market over the forecast period. However, high initial costs of production facilities and development of alternative processes is expected to restrain market growth to a certain extent over the forecast period.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3977
The report provides a panoramic view of the market and insights that will help formulate better business decisions. In addition to that, the study helps well-established companies and players gain a deeper understanding of the market and make informed decisions. The report also discusses in detail about the key factors influencing the market growth.
Key companies operating in the market include:
Merck KGaA, 3M Company, Parker-Hannifin Corporation, Amazon Filters Ltd., Pall Corporation, Eaton Corporation PLC, Sartorius AG, Filtrox AG, Graver Technologies, LLC, Donaldson Company, Inc., Saint-Gobain Performance Plastics, GE Healthcare, 3M, Membrane Solutions, and Allied Filter Systems Ltd.
The report covers an extensive analysis of the key market players in the market along with their business overview, expansion plans, and strategies. The report also focuses on recent strategic alliances in the market including mergers and acquisitions, joint ventures, partnerships, agreements, corporate and government deals, product launches, and brand promotions, among others.
Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/3977
The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global Depth Filtration market is further segmented on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The report also offers a country-wise analysis to provide crucial insights into market size, market growth, market revenue growth, and economic growth in each region.
On basis of product types and application offered by the Depth Filtration industry, the market is segmented into:
Media Type Outlook (Revenue, USD Billion, 2018-2028)
Product Outlook (Revenue, USD Billion, 2018-2028)
End-use Outlook (Revenue, USD Billion, 2018-2028)
The regional analysis covers:
To know more about the report @ https://www.reportsanddata.com/report-detail/depth-filtration-market
Benefits of Depth Filtration Market Report:
Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/3977
Thank you for reading our report. For customization or further inquiry, please get in touch with us. Our team will ensure the report is tailored according to your requirements.
Browse More Reports :