Global Laboratory Filtration Market 2016-2020
Filtration is a method used to separate or collect a desired solid from a solution, or to remove solid impurities from a liquid. This process is done by passing a contaminated fluid through a membrane, filter paper or any other filtration media, and the pure desired filtrate is obtained on the other end. The filtration media often have a large number of pores of different sizes to filter particles and contaminants of different sizes.
Technavio’s analysts forecast the global laboratory filtration market to grow at a CAGR of 8.18% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global laboratory filtration market from 2016-2020. To calculate the market size, the report considers the revenue generated by the sales of filtration media, filtration assemblies, and accessories sold at their retail prices.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Laboratory Filtration Market 2016-2020
Technavio recognizes the following companies as the key players in the global laboratory filtration market: 3M Purification, GE Healthcare, Merck, Sartorius, Thermo Fisher Scientific, Ahlstrom, Carolina Biological Supply, Cole-Parmer, Eaton, Eisco Labs, Hahnemühle, Microclar, Omicron Scientific, Pall Corporation, Qorpak, Scientific Equipment of Houston (SEH), SP Industries, Toyo Roshi Kaisha, and VWR.
Commenting on the report, an analyst from Technavio’s team said: “One trend spurring market growth is the availability of a wide variety of filters papers and membranes. Filter papers come in a variety of grades and size to suit different applications and processes. Quantitative filter papers range from grade 1 to grade 4. Different grades translate to different pore sizes and in turn different flow rates. The pore size for filter paper grades 1-3 range from 11 to 6 µm. Grade 4 has a pore size between 20 and 25 µm, and grade 602h has the smallest pore size of 2 µm. The quantitative filter product category follows a similar trend with a variety of grades to suit different applications.”
According to the report, one driver that will lead to the growth of this market is the rapid growth of e-commerce. The rapid growth of the e-commerce industry over the past few years has led to a whole new world of opportunities for laboratory consumables manufacturers on supply and expansion. With the almost 35% of the global sales and orders of laboratory products coming through e-commerce retailers, this channel has certainly contributed to the growth of the global laboratory filtration market over the past few years.
Further, the report states that a major challenge for this market is the limited scope for innovation. Given the nature of laboratory consumables and supplies, the scope for innovation or changes is minimal. Products such as filter papers, filter membrane, and other commonly used filtration products are designed to meet certain requirements that is common for a number of application with no room for any sort of innovation. Since the products do not have a special features or no electronic systems embedded in them, there is not much that can be added or changed to make the product better.
3M Purification, GE Healthcare, Merck, Sartorius, Thermo Fisher Scientific, Ahlstrom, Carolina Biological Supply, Cole-Parmer, Eaton, Eisco Labs, Hahnemühle, Microclar, Omicron Scientific, Pall Corporation, Qorpak, Scientific Equipment of Houston (SEH), SP Industries, Toyo Roshi Kaisha, and VWR.