The China Depth Filtration Market is expected to grow at a CAGR during the forecasting period (2022-2029).
Depth filtration in China is mainly used in biopharmaceuticals, food and beverage, medicine, chemicals, and many other industries for the microfiltration of fluids. China country is the leading source of the raw materials required for manufacturing depth filters. The depth filtration equipment in China is mostly used by the food and beverages, pharmaceuticals, and chemicals industries.
Depth Filtration is substantially used in end-user industries such as food and beverages, water filtration systems, oils, chemicals, pharmaceuticals, and other sectors in China.
China depth filtration is driven by rising demand by the leading biopharmaceutical and food and beverage industries, with the surge in government investment. Depth filtration is used for the microfiltration of fluids in the food processing industries. Depth filtration removes the impurity by collecting unwanted particles with filter media bypassing the fluid's flow through it. Further, China's depth filtration market is driven by a surge in alcoholic and non-alcoholic beverages' production and consumption. The demand for the depth filtration market is driven by rising demand by the end-user industries such as oils, chemicals, pharmaceuticals, and many others for colloid removal and suspended particle removal.
Rising investment by the biopharmaceutical industry with the surge in government schemes and initiatives for healthcare has a depth filtration market with maximum demand by China's urban populations.
The market is driven by a surge in demand in the biopharmaceutical industries due to growing government support and China initiatives. For instance, in the biopharmaceutical industries, depth filtration products such as filter sheets and filter modules provide microfiltration activities in these industries. Also, as per the Communist Party of China (CPC) Central Committee in 2018, China has the world's second-largest pharmaceutical market, which reached US$ 127.9 billion and is expected to reach US$ 161.8 billion by 2023. It created a massive demand for the depth filtration market in China.
The rising demand for the development of the food and beverages processing industry due to growing population demand has propelled the need for the depth filtration market in China. For instance, as per the USDA government organization, China's food processing industry revenue reached US$ 1.47 trillion in 2017, which is increasing at the rate of 6.3% as compared to 2016.
Also, rising leading food and beverages leading manufacturer investment in China due to a surge in the growing population demand have propelled the market growth. For instance, on 2nd August 2020, PepsiCo invested around US$ 100 million for the expansion of the production facility of the food factory at the Shanghai factory. The company included a new production line and introduced advanced packaging and warehousing technology at the Songjiang plant. It created a massive demand for the depth filtration market in this China.
The high capital cost required for manufacturing and the presence of several local manufacturers, which makes the market highly competitive it may hinder the growth of the depth filtration market
Depth filtration products include filter sheets, filter press, and filter modules manufactured locally in China due to massive raw material sources. Thus, China's depth filtration market is highly competitive due to the presence of a fragmented number of players in China.
The growing launch of the advanced technology-based depth filtration products to enhance by the leading payers due to increasing demand by the biopharmaceutical and food processing industry may strengthen the depth filtration market's growth.
China's depth filtration market is fragmented by several local and global leading manufacturing companies. The top manufacturers in China are focusing on developing and launching new technology-based depth filtration products to strengthen the filtration's capacity and efficiency, which may create a massive opportunity to grow the depth filtration market.
For instance, on 11th February 2020, Porvair filtration launched a new microfiltration catalog suitable for high-purity applications such as the nuclear and pharmaceutical industries. The products found by the company include CompfilTM ST, a wound depth filter with the inner and outer guard, CompfilTM WV, a pleated depth filter made of stainless steel, and Teffil HF fully optimized high flow PTFE membrane filter. It created a massive opportunity for the growth of the depth filtration market in China.
COVID-19 Impact Analysis
The China depth Filtration Market has shown immense declination due to the Covid-19 pandemic, as several leading manufacturing industries were closed. China’s government has announced a lockdown from 25th January to 9th February, which restricted production activities and all the operations during the covid-19 pandemic. During this period, China’s food and beverage processing industry declined by 46% due to its lockdown. In contrast, as per the Chinese Cuisine Association, food services companies in China fell by 93% of foodservice companies due to ceased operation.
However, the demand for depth filtration is slightly increased in March 2020, as several leading manufacturers started production. The leading manufacturers of the food and beverages and pharmaceutical industries have announced massive investments in China despite the lockdown due to the Covid-19 pandemic. For instance, on 20th May 2020, Nestle invested around US$ 103 Million in Chinese Facilities for enhancing the production capacity of pet food, plant-based products, and confectionery.
Also, the depth filtration market demand is driven by increasing pharmaceutical products such as hand sanitisers and immunity-boosting products sales in China. Further demand will increase as soon as the covid-19 pandemic will be over.
Depth Filtration Market Segment Analysis
The China depth filtration is segmented based on component, product, application, and region.
Rising demand in the pharmaceutical and chemical products producing industries due to raw materials in huge quantities has propelled filter sheets segmental growth for this market.
In terms of components, the China depth filtration is bifurcated into filter sheets, filter modules(12'' and 16''), and filter press (housing) (plate and frame filters). The filter sheets segment has the highest market share in 2019 due to the surge in demand by the small and medium scale chemical processing industries in China due to raw materials in huge quantities. For instance, as per The European Chemical Industry Council, China is the leading producer of chemicals, contributing around 35.8% of the global chemicals sales share in 2018. The chemicals industry in China reached around US$ 1450 billion in 2018, whereas global chemicals reached 4,195 billion in 2018. Thus, it created a massive demand for the depth filter sheets used in China's chemical industry for filtration.
Increasing demand by the leading biopharmaceuticals and pharmaceuticals manufacturers in China with the surge in government support and initiatives have propelled the demand for pharmaceuticals segmental growth for the depth filtration market.
Based on the product, the China depth Filtration Market is segmented into food and beverage, pharmaceuticals, oil industry, water filtration, chemicals, etc. The pharmaceuticals segment has the highest market share in 2019 due to the rising population demand for medicines with the surge in production activities by China's leading players.
For instance, on 28th June 2016, Pfizer Inc invested around US$ 350 million in building biopharmaceutical and pharma products manufacturing with the biotech centre in China by securing faster approvals for their products. It created a massive demand for the growth of the depth filtration market in China. Also, on 30th September 2020, Pfizer Inc pharmaceutical corporation has completed the acquisition of the 9.9% share of CStone pharmaceuticals for US$ 200 million.
Rising research and development activities in the biopharma and pharmaceutical industry with the surge in Chinese government spending on healthcare have propelled the microorganism filtration segmental growth.
In terms of the applications, the China depth filtration market is segmented into colloid removal, chill haze filtration, microorganism filtration, etc. The microorganism filtration segment has the highest market share due to rising demand by the research and development activities carried out for investing ineffective drugs with the surge in pharmaceutical products manufacturing activities.
For instance, as per the Science Mag Organization report in 2019, China stood the world's second-largest pharmaceutical research and development spender, which accounted for the US $468 billion, followed by the United States. Thus it created a massive demand for the microorganism filtration segmental growth in China.
The China depth filtration market is moderately competitive with the presence of local as well as global manufacturers. Some of the key players which are contributing to the growth of the market include ErtelAlsop, Xingtai Futai Paper Development Co., Ltd, 3M, Filtrox Ag, Parker–Hannifin Corporation (Dominik Hunter), Pall Corporation, Gruppo Cordenons SpA, Sudamericana de Filtrado SA, Eaton Corporation Inc, ShenYang City Great Wall Filter Sheet Company, Gussmer Cellulo, Ceprohart SA Braila and among others.
The major players are launching new products and adopting several growth strategies such as mergers, acquisitions, and collaborations, contributing to India's depth filtration market. For instance, in 2018, Filtrox launched exact stainless steel filter housing for filter modules with the name Discstar lenticular module filter housings with temperature control systems used in pharmaceutical applications.
Overview: Pall Corporation is a manufacturer, supplier, and distributor of high–tech filtration, separation, and purification systems for many applications. The company was headquartered in Washington, New York, United States, and founded in 1946.
The company operates in two segments, including Industrial businesses and life sciences businesses. The industrial segment includes products, services, and solutions, including various filtration products and systems used in multiple industries, including food & beverages, biotechnology, wastewater treatment, etc. The company has manufacturing facilities across several countries in Asia, Europe, North America, etc.
Product Portfolio: The company has a product portfolio of depth filtration that includes:
Get your free sample proposal with a single click!