Global Filtration Paper Market 2017-2021

Global filtration paper market forecast

According to filtration paper market analysis, our analysts at Technavio has shown that the global filtration paper market will witness steady growth and will post a moderate CAGR of more than 4% during the forecast period. With the growing application of filtration paper across several end-user industries, the market for filtration papers is anticipated to have a positive outlook in the coming years. Filter papers are being extensively used as sample purifiers and have become an inevitable part of various industrial and research applications. Over the last few years, it is gaining traction in industries like pharmaceuticals, food and beverage, biotechnology, healthcare, and academia.

Protein separation, virus removal, and DNA analysis are some of the new applications for the filtration paper industry. Moreover, filter papers are also used in breweries for malt filtration and analysis as per the European Brewery Convention (EBC) standard. They are also used in winery laboratories in folded formats with relatively large diameters, which will lead to their augmented demand in the coming years.

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Filtration paper market trends

A sharp decline in the cost of raw materials for making filter papers and membranes is one of the latest filtration paper market trends gaining traction in the filtration paper market. Also, the evolution of manufacturing and sourcing technologies has gradually decreased the price of these filtration products over the past decade. These advancements in the manufacturing processes and sourcing technologies have resulted in greater ease of production and reduced the cost of several laboratory consumables and supplies over the years. Furthermore, with the migration of manufacturing facilities to APAC, most manufacturers are now able to cut down operational and production costs, allowing the price of these products to be reduced further. This trend is likely to continue in the coming years which will boost the adoption of filter papers.

Filtration paper market: Competitive landscape and key vendors

The filtration paper market is dominated by some of the major players that account for a significant share of the market. There is massive potential for market growth in the pharmaceutical, healthcare, and food and beverage industries within APAC and South America over the forecast period owing to the growth in R&D investments. The key vendors compete in terms of size, quality, pricing, and product differentiation. The growth of the ashless filter paper manufacturers also depends on market conditions, product development, R&D investment, and industry development. Lack of a strong distribution network bars the entry of new players in the membrane filter market.

Key vendors in the filtration paper market

• GE Healthcare
• Sartorius
• Thermo Fisher Scientific

Other prominent vendors in the market include Ahlstrom, Carolina Biological Supply, Eisco Labs, Frymaster, Henny Penny, Labconco, Microclar, Pitco, and Scientific Equipment of Houston.

Filtration paper market segmentation by end-user

• F&B
• Automotive and others
• Laboratory

During 2016, the F&B industry was the highest revenue generating end-user segment and will continue to dominate the filtration paper market over the next four years. The increasing demand for more fast food options in many emerging economies is encouraging fast food chains to expand their operations domestically and internationally. This rise in the number of foodservice establishments directly impacts the proportional rise in demand for coffee filter papers. 

Filtration paper market as per geographical segmentation

• APAC
• Europe
• North America
• ROW

In terms of geography, the APAC region led the global filtration paper market during 2016 and will continue to dominate the market in the coming years. The growth of this market in APAC is attributed to the rise in healthcare related activities and an increasing number of academic laboratories in the region, that drive the demand for laboratory filter paper. Countries like Singapore, South Korea, China, and India are expected to be the biggest contributors to the growth of the filtration paper market size and share.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global filtration paper market?
• What are the key market trends impacting the growth of the global filtration paper market?
• What are the challenges to market growth?
• Who are the key vendors in the global filtration paper market?
• What are the market opportunities and threats faced by the vendors in the global filtration paper market?
• What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?
• What are the key outcomes of the five forces analysis of the global filtration paper market?

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