According to the latest market report published by Credence Research, Inc. “Depth filtration Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025” the global depth filtration market was valued at US$ 9.04 Bn in 2016, and is expected to reach US$ 16.99 Bn by 2025, expanding at a CAGR of 7.2% from 2017 to 2025.
The purpose of the report is to illustrate the state of the market of Sterile Injectables, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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Depth filtration technique is generally a porous filtration medium to filter high load of particles, where particle retain throughout the filtration medium, large quantity of particles can be separate with separation efficiency. The global depth filtration market is segmented on the basis of product type such as cartridge depth filters, capsule depth filters, sheets depth filter and other depth filters. It is observed that, due to the higher strength, efficiency and linear scalability cartridges depth filter are widely used in different industries such as chemical, pharmaceutical, food and beverage industries.
Depth filtration market is categorized on the basis of media such as activated carbon, cellulose, perlite and diatomaceous earth, currently, demand for diatomaceous earth containing media is highest in market due to its efficiency and applicability in number of manufacturing processes. The global depth filtration market is segmented on the basis of application such as pharmaceutical and biotechnology, food and beverage, chemical and cosmetics industries. Some factors such as increase in use of depth filters in processing of small molecule, large molecule, culture media, and cell culture harvests, controlling bioburden, clarification, decolorization of oral products, LVPs, SVPs, and topical products are driving the growth of depth filters market in pharmaceutical industries.
It is studied that, in the base year 2016, North America was highest revenue generating segment followed by Europe and anticipated to show significant market growth during forecast period due to factors such as highest investment in research and development activities, presence of key manufactures in this region, developed economies, highest number of pharmaceutical, food and beverage industries and technological advances are primarily driving the depth filtration market growth in these region. It is estimated that Asia Pacific will show highest growth during forecast period due to increasing partnership of key manufacturers with local manufacturers and growing industrialization in emerging economies in Asia Pacific would assist the market growth.
Market Competition Assessment:
The depth filtration market is observed to be highly competitive and comprises large number of players. However, the market is currently dominated by few players such as 3M Company, Amazon Filters Ltd, Carl Stuart Group (Pure Processes), Eager Corporation, Eaton Corporation PLC, Ertelalsop, Fileder Filter Systems Ltd, GE Water and Process Technologies, Graver Technologies, LLC, Hangzhou Anow Microfiltration Co.Ltd, Meissner Filtration Product Inc., Merck KGaA, Pall Corporation (A Subsidiary of Danaher Corporation), Parker Hannifin Corporation, Porvair Filtration Group, Prosep Filter Systems Ltd., Sartorius Stedim Biotech S.A., Voigt GmbH, Wolftechnik, Filter Systems GmbH & Co. Kg and others.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Sterile Injectables buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Depth Filtration contains:
Analysis and forecast of Sterile Injectables market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Sterile Injectables market;
Assessment and forecast of Sterile Injectables market development;
Financial and business profiles of the leading companies in the Sterile Injectables industry.
– Up to date working Sterile Injectables data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Sterile Injectables for the period 2018 to 2026
– Planned Sterile Injectables additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Sterile Injectables projects by region, key countries, and companies
– Details of major planned Sterile Injectables projects in the world up to 2026
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