Market Overview
The major factors for the growth of the depth filtration market include the increasing demand from biopharmaceuticals and biotechnology companies, advantages such as low cost and ease of use are driving the uptake of depth filters and increasing investment in research and development of biologics. Depth filters trap particulates within the thickness of the matrix. Depth filtration is used when there is high flow rate and loading capabilities. Depth filters are either binder free or containing binders. In cases of binder containing depth filters materials such as acrylin resin and in binder free depth filters quartz or borosilicate microfibers are used. Depth filters have higher flow rates and loading capabilities compared to membrane filters. The combination of high loading capacity and fast filtration makes depth filtration the common choice for large volume applications.
Market Dynamics
Drivers
-
Increasing Demand from Biopharmaceuticals and Biotechnology Companies
-
Advantages Such as Low Cost and Ease of Use Are Driving the Uptake of Depth Filters
-
Increasing Investment in Research and Development of Biologics
Restraints
-
Low Product and Stringent Government Regulation in the Validation process
Market Segmentation
The Depth filtration Market for Diatomaceous Earth (DE) was valued at USD 584.54 million in 2018 and the market is estimated to grow at a CAGR of 8.97% in the forecast period to reach a market value of USD 1,143.31 million by 2026.
Based on media, the depth filtration market is broadly segmented into diatomaceous earth (DE), activated carbon, cellulose, and other media. Diatomaceous earth is a great filtration media and filter aid, and diatoms have a wide variety of shapes and a honeycomb-like structure. This filtration is used in various industries including food and beverage, pharmaceutical, and others. Diatomaceous earth filter aids are available in a variety of grades to suit the solids removal requirement of numerous applications such as beer filtration, swimming pool filter media, biodiesel & motor oil processing, water purification, pharmaceutical manufacturing among others.
The minimum amount of DE to guarantee smooth filtration depends on the particle concentration. Growing demand for diatomaceous earth filtration techniques in biopharmaceutical industry as an aid in fractionation of human plasma is projected to propel the industry in the upcoming years globally.
Geographical Analysis
The North America depth filtration market is valued at USD 588.45 Million in 2018 and is estimated to grow at a CAGR of 8.47% over the forecast period to reach USD 1,109.19 Million by 2026.
Depth filter systems and membrane-based separations, offering a wide range of products for all stages of pharmaceutical processing and sterile filtration from bench-top to pilot-scale to manufacturing-scale operations. Active Pharma Ingredients (API’s) are purified by a series of unit operations that include key filtration steps to the purity required in a final drug formulation.
The United States remains the largest pharmaceutical market (USD 453 billion in 2017), followed by emerging markets (USD 216 billion in 2017, including China, Russia, Brazil, and India), Europe ($214 billion in 2017) and then established markets (USD 112 billion in 2017, including Japan, Canada, and Australia). Global sales are expected to exceed, for the first time, into the trillions of dollars in 2018, and by 2021, prescription drug spending in the United States alone is expected to reach USD 610 billion.
In addition, In the United States, the presence of a well-established healthcare market will drive the market for pharmaceutical products there by depth filtration market. For instance, according to an article published by ACS Chem. Neuroscience, in 2017, global pharmaceutical sales were more than USD 996 billion, with one source stating global drug spending at USD 1.135 trillion.
The large share of the North American region can be attributed to a large number of pharmaceutical and biotechnology companies in the region, Moreover, the number of discoveries in biotechnology and live cell culture, increasing use in the healthcare industry to offer venting as well as microfiltration for medical devices is projected to fuel the market growth.
Competitive Landscape
The global depth filters market is highly fragmented, with the top manufacturers accounting for approximately 25%–30% of the market share. The major companies operating in the global depth filtration market include 3M (US), Parker Hannifin Corporation (US), Porvair Filtration Group (UK), Meissner Filtration Products, Inc. (US), Pall Corporation, Donaldson Company, Inc. (US), Eaton Corporation (Ireland), and Saint-Gobain Performance Plastics (France). The companies are expected to strengthened their market position through the expansion of their product portfolio by collaboration and agreement and expansion during the forecast period.
About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year, we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at DataM Intelligence
Email: [email protected]
Tel: +1 877 441 4866
Website: www.datamintelligence.com
