North America Depth Filtration Market was worth USD 0.58 billion in 2016 and is projected to grow at a CAGR of 11.5%, to reach USD 1.0 billion by 2021.
Depth filtration uses the depth or thickness of its filter medium to retain particles from their carrying fluid. Depth filtration depends on the size or shape of particles. Huge amounts of particles can be separated using depth filters before cleaning the filter media.
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Due to its high filter efficiency and the ability to hold high loads, they are used to filter huge volumes of fluid. Depth filtration is finding its applications in different fields as its popularity increases. It is used in food & beverage industries, chemical and cosmetics industries etc. Filter media to be used in the depth filters are to be properly selected to attain high productivity.
Due to the increase in investments in life sciences research, demand for high quality products are the major factors driving the market growth. Technological advancements in process technologies to meet the market requirements, increased use of depth filters in cell culture clarification are also propelling the market growth. Strict government regulations on the filtration validation process and less extraction of product are the major restraining factors for the depth filtration market.
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The North America depth filtration market is segmented by media type, product, application and region. Based on the media type used in the filter, the market is segmented into Diatomaceous Earth, Activated Carbon, Cellulose and Perlite. Based on the product, the market is segmented into Cartridge filters, Capsule Filters, Filter modules, Filter sheets and other products. Capsule filters segment is projected to be fastest growing segment due to its increasing applications in biotechnology industry. On the basis of application, the market is segmented into Final Product Processing, Cell clarification and Raw Material Filtration. The final product processing segment is sub segmented into small molecules processing and biologics processing. Raw material filtration is projected to hold the largest market share as depth filtration is highly useful in large volumes filtration.
On the basis of geography, the North America depth filtration market is segmented into USA and Canada. USA holds the largest market share in this region due to huge investments in pharmaceutical and biotechnology industries increasing the demand for depth filtration.
Some of the major players in depth filtration market are Merck KGaA, 3M Company, Alfa Laval, Filtteck Co., Ltd., Pall Corporation (U.S.), Donaldson Company, Sartorius Stedim Biotech S.A., Ahlstrom Corporation and Eaton Corporation.
Scope of the Report
· Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
· Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
· Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
· Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
· Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
· A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
· Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
· An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
· Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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