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DUBLIN--(BUSINESS WIRE)--Sep 28, 2022--
The "Depth Filtration - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The global market for Depth Filtration estimated at US$2.2 Billion in the year 2022, is projected to reach a revised size of US$2.9 Billion by 2026, growing at a CAGR of 8.3% over the analysis period.
The U.S. Market is Estimated at $730.7 Million in 2022, While China is Forecast to Reach $327.7 Million by 2026
The Depth Filtration market in the U.S. is estimated at US$730.7 Million in the year 2022. The country currently accounts for a 33.11% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$327.7 Million in the year 2026 trailing a CAGR of 10.8% through the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.9% and 7.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.7% CAGR while Rest of European market (as defined in the study) will reach US$353.5 Million by the close of the analysis period.
A major growth driver for the market is the rising large molecules and biologics production. Growing biopharmaceuticals demand combined with increasing expenditure on biopharmaceutical R&D drive market growth. The pharmaceutical industry is increasing demand for high quality and clean filter products for use in production of APIs and for filtering different buffers and media. The filters are mainly used for downstream purification of turbid feed streams and cell culture centrates prior to loading them on chromatography columns.
Activated Carbon Segment to Reach $484.6 Million by 2026
Activated carbon is an ubiquitous material finding usage in a myriad of applications ranging from water treatment, air purification, to food & beverage processing, medical & pharmaceuticals production and automotive emission canisters, among others. Activated carbon filters are widely used to purge carbon dioxide, nitrogen, siloxaes, volatile organic compounds, hydrogen dioxide and also elemental metals such as mercury from natural gases odors, and other gaseous pollutants from the air. Activated carbons are cost-effective technologies that align with the environmental regulations and also hold smaller footprints in comparison to the other odor control technologies.
Select Competitors (Total 49 Featured):
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/idf7cw
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SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 09/28/2022 09:41 AM/DISC: 09/28/2022 09:41 AM
http://www.businesswire.com/news/home/20220928005728/en