Depth Filtration Market Trends

  • Report ID: 2628
  • Published Date: Oct 15, 2024
  • Report Format: PDF, PPT

Depth Filtration Market Trends

Growth Drivers

Proliferating Adoption of Single-Use Filtration Technology To Fuel the Growth of the Global Market

Increasing investments in the research and development by pioneer companies for the development of large molecules is estimated to act as a major driver for market growth. Additionally, usage of depth filtration across the globe for extraction of large molecules coupled with the characteristics of depth filtration such as low-budget, separation of high-denseness of pre-heated steams are estimated to support the development of the global market over the forecast period. Furthermore, the convenience of depth filtration in the healthcare industry for emitting and microfiltration towards medical devices along with the rising demand for pure and high essence filter goods are expected to fuel the global market growth.

Challenges

Strict Rules and Regulations

The market is anticipated to be hindered by factors such as stringent rules & regulation by government bodies, lack of knowledge over the concept of depth filtration, and the requirement of high capital investment for setting up depth filtration manufacturing facility.

 

Depth Filtration Market: Key Insights

Base Year

2023

Forecast Year

2024–2036

CAGR

8.4%

Base Year Market Size (2023)

USD 2.35 billion

Forecast Year Market Size (2036)

USD 6.71 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Radhika Pawar


  • Report ID: 2628
  • Published Date: Oct 15, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of depth filtration is assessed at USD 2.51 billion.

Depth Filtration Market size was valued at USD 2.35 billion in 2023 and is expected to reach USD 6.71 billion by 2036, expanding at around 8.4% CAGR during the forecast period i.e., between 2024-2036.

North America industry is expected to account for largest revenue share by 2036, owing to presence of numerous pharmaceutical and biotechnology companies in the region, along with presence of a well-established healthcare infrastructure.

The major players in the market are Filtrox AG, Danaher Corporation, Sartorius AG, Parker Hannifin Corporation, Porvair Filtration Group, ErtelAlsop, Amazon Filters Ltd., Meissner Filtration Products, Inc., Donaldson Company, Inc., Eaton Corporation, Saint-Gobain Performance Plastics, Merck KGaA, and others.
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