The depth filtration market is expected to reach a valuation of USD 2.4 billion in 2023. Between 2023 and 2033, the market is forecast to exhibit a compound annual growth rate (CAGR) of 8.5%.
Expanding usage in the healthcare, medicinal, and food and beverage industries is likely to drive market expansion during the forecast period. Significant advantages, such as low expenses and simplicity of use, are expected to drive market expansion.
Over the course of the next eight years, the industry is expected to be driven by rising growth in wastewater treatment plants. Customers' growing worry about the health dangers and effects of drinking contaminated water is expected to enhance worldwide demand. To manufacture activated carbon, regeneration procedures such as heat regeneration and chemical recovery procedures are used.
| Attributes | Details |
|---|---|
| Depth Filtration Market Size in 2022 | USD 2.2 billion |
| Depth Filtration Market Size in 2023 | USD 2.4 billion |
| Depth Filtration Market Size in 2033 | USD 5.4 billion |
| Depth Filtration Market CAGR (2023 to 2033) | 8.5% |
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According to the latest study conducted by Future Market Insights, the global depth filtration market has expanded with a growth rate of 10% during the historical assessment period of 2018 to 2022. The study also states that the depth filtration market is all set to experience healthy growth with a CAGR of 8.5% during the forecast period of 2023 to 2033.
One of the primary reasons encouraging market expansion is an increase in the number of government initiatives pertaining to developments in filtration devices. Another market development driver is growing consciousness about the benefits of depth filtration, including user friendliness.
Other major aspects that will offer profitable market growth prospects are the food and beverage industry's increasing demand for low-cost depth filters, a rise in the production rate of pharmaceutical pharmaceuticals, and the expanding acceptance of disposable filters.
With increasing expenditures by biotechnology and healthcare companies in extending their ranges of products and growing their geographical reach in single-use innovations, the requirement for depth filtration is predicted to increase, bolstering the development in the analyzed market.
For instance, in July 2021, Cytiva and Pall Corporation announced a USD 1.5 billion investment over the next two years to address the increasing demand for biotechnology approaches, with over USD 300 million going towards single-use technologies such as bioreactor bags for growing cells used to create personalized medicines and single-use filters to broaden business in the United States and the United Kingdom.
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Single-use solutions are growing more common in the bioprocessing industry; yet, despite an ongoing need for stainless steel, the usage of reusable devices in large-scale manufacturing remains largely unchanged. For example, the yearly growth rate of usage of single-use bioreactors was over 11% in 2020, according to an article titled "Rise of Single-Use Bioprocessing Technologies:
Dominating Most R&D and Clinical Manufacture" issued by the American Pharmaceutical Review in February 2020. Throughout the procedure stream, this represents the relative advantages of employing disposable versus reusable equipment. The benefit of single-use technology is expected to boost market growth.
The inadequate capacity of depth filters for high-density harvesting will slow industry growth. Stringent rules imposed by the government and key regulatory organizations on the filtration process, as well as the requirement of a large capital expenditure to set up the production plant, would add to the market's hurdles. In emerging nations, unfavorable reimbursement systems and a scarcity of competent medical practitioners would also slow market expansion.
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The United States country dominated the market in 2022, accounting for almost 40% of North America, and is expected to increase significantly over the forecast period. This region's growing number of producers and vendors is expected to drive industry growth. Depth filtration consumption in the United States is predicted to be driven by the expansion of the water filtration, food and beverage, medical services, and raw material cleaning industries.
In addition, the United States National Institute for Innovation in Manufacturing Biopharmaceuticals (NIIMBL) provided an investment of USD 3 million for six novel biopharmaceutical production items. North Carolina State University, the University of Massachusetts, the University of Georgia, the University of Michigan, the University of Delaware, and Carnegie Mellon University are among the institutions receiving funding.
By 2033, the United States Depth Filtration market is expected to grow by 8.4% year on year. United States is expected to create an incremental dollar opportunity of USD 546.9 million during the 2023 to 2033 period.
Depth filtration in India is being driven by higher demand in the food and beverage sector, as well as an increase in government expenditure on food processing facilities. Depth filters are extensively utilized in the food and beverage industries to eliminate suspended parts and haze from water and other fluids.
Depth filtration eliminates impurities by collecting undesirable particles and skipping the fluid flow through the filter material. Furthermore, the growth in the creation and intake of both alcoholic and non-alcoholic drinks in India is driving the depth filtration market in India.
The growing demand for purification and filtration operations by end-user industries such as petroleum, chemicals, drugs, and many others is also driving the depth filtration market.
Cartridge filters were the most important product segment, accounting for more than 49% of total market sales in 2022. Commercial process filter cartridges offer dependable, high-performance, and cost-effective options for a wide range of business uses, from pre-filtering high-purity water to final filtration for paints and lacquers and total filtration for diverse chemicals. Precise dirt management improves filtration features such as categorized density, tight micron bounds for high efficiency, and increased void range for dirt-holding capability.
Before processing and mining, the Diatomaceous earth system undergoes thorough testing. The diatomaceous earth technique is mainly employed for water purification; it is used to produce low-cost, excellent drinking water from surface and groundwater sources.
The increasing use of fluid purification for the mechanical extraction of microorganisms and particles from raw water is expected to drive market demand throughout the forecast time range. Before the filter procedure, the raw materials are analyzed dependent on their physical and chemical qualities, and they are measured for critical circumstances.
Leading players in the Depth Filtration market are focused on the development and launch of new products, and strategic expansion of production capacity to widen revenue generation avenues.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Valuation in 2023 | USD 2.4 billion |
| Projected Market Value in 2033 | USD 5.4 billion |
| Market Analysis | USD billion for Value and Tons for Volume |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Singapore, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Segments Covered | Media Type, Product, Application, Region |
| Key Companies Profiled | Merck KGaA; Parker Hannifin Corporation; Danaher Corporation; Sartorius AG; Pentair PLC; Mann+Hummel GmbH; Meissner Filtration Products; Allied Filter Systems Ltd.; Porvair Filtration Group Ltd; Amazon Filters Ltd. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is slated to attain USD 2.4 billion in 2023.
The growth potential of the depth filtration market is 8.5% CAGR through 2033.
Depth filtration is usually applied in polishing filtration applications.
Depth filters help in extending the filter life and removing the high dirt load.
Merck KGaA, Parker Hannifin Corporation, and Danaher Corporation are the top market players.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Media Type 5.1. Diatomaceous Earth 5.2. Cellulose 5.3. Activated Carbon 5.4. Perlite 5.5. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 6.1. Cartridge Filters 6.2. Capsule Filters 6.3. Filter Sheets 6.4. Filter Modules 6.5. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Final Product Processing 7.2. Cell Clarification 7.3. Raw Material Filtration 7.4. Cell Clarification 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Merck KGaA 16.2. Parker Hannifin Corporation 16.3. Danaher Corporation 16.4. Sartorius AG 16.5. Pentair PLC 16.6. Mann+Hummel GmbH 16.7. Meissner Filtration Products 16.8. Allied Filter Systems Ltd. 16.9. Porvair Filtration Group Ltd 16.10. Amazon Filters Ltd. 17. Assumptions & Acronyms Used 18. Research Methodology
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Depth Filtration Market
