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(MoneyNewsWire.Net, January 29, 2018 ) Latin America Depth Filtration Market was worth USD 0.18 billion in 2016 and is projected to grow at a CAGR of 12.9%, to reach USD 0.33 billion by 2021. Filtration includes reduction or removal of particles in the fluid passed over the filter media such as suspended solids, silt, sand any other solid particles present in the fluid. Depth filtration is a type of process which provides very efficient filtering process. However, proper selection of filter media is important to obtain the desired benefits.
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A depth filter generally consists of 3-5 layers of filter media varying in size, porosity and density. The different layers of filter media filter the incoming fluid by retaining the solid particles throughout the depth of the medium allowing the filtration to take place at high velocities compared to the traditional surface filters.
The need for techniques or technologies to reduce the approval time and manufacturing process time of drugs and increase in investments for research activities in life sciences are the major factors driving the depth filtration market. Advancements in the technologies in process industry is also expected to propel the market growth. Inflexible government guidelines and absence of scalability in the equipment are inhibiting the growth rate of the market.
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The Latin 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 region, Latin America depth filtration market is segmented into Brazil, Argentina, Mexico and rest of South America. Availability of huge work force and increase in demand for quality products in emerging markets such as Brazil and Mexico provides huge opportunities for manufacturers of depth filters in this region.
The major players in depth filtration market are Pall Corporation, Merck KGaA, 3M Company, Alfa Laval, Filtteck Co., Ltd., Donaldson Company, Ahlstrom Corporation, Sartorius Stedim Biotech S.A. and Eaton Corporation
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