According to the latest market research study by Technavio, the global filtration paper market is expected to grow at a CAGR of close to 4% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global filtration paper market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user
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Global filtration paper market by F&B industry: The increasing demand for more fast food options in many emerging economies is encouraging fast food chains to expand their operations domestically and internationally. The increased number of foodservice establishments directly impacts the proportional rise in demand for filter papers.
“The establishment of the new outlets along with the high profits margins in the fried food segment increases the demand for filtration papers. Fried food products often account for profit margins of over 70%. For instance, in 2015, many restaurant owners in the Americas attained gross profit margins of over 75% from French fries,” says Abhay Sinha, a lead analyst at Technavio.
Global filtration paper market by automotive and other industries: In this segment, the other industries include healthcare, academia, cement and mining industry, genomics and proteomics, environmental monitoring, and oil and gas industry. Among these, the healthcare is an important end-user of the filtration paper market as it deals with bloodborne pathogens and pathogenic bacteria cultures in its studies and researches. The growth of e-commerce has a positive impact on the market as it allows manufacturers to expand their geographical reach and enhance the accessibility of their products. Furthermore, the increasing number of contract laboratories is also expected to add to the demand for filter papers during the forecast period.
Global filtration paper market by laboratory: The increased number of research and testing facilities in the fields of pharmaceutical and biotechnology will lead to the rising demand for filtration paper during the forecast period. The environmental monitoring segment will also help in driving the demand for filtration paper technology. Hence, increased investment in R&D in this field will upsurge the use of filtration.
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The top vendors operating in the global filtration paper market are:
- GE Healthcare
- Sartorius
- Thermo Fisher Scientific
The other prominent vendors in the market include Ahlstrom, Carolina Biological Supply, Eisco Labs, Frymaster, Henny Penny, Labconco, Microclar, Pitco, and Scientific Equipment of Houston.
A more detailed analysis is available in the Technavio market report titled, ‘Global Filtration Paper Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Laboratory Filtration Market 2016-2020
- Global Laboratory Cart Market 2016-2020
- Global Laboratory Sterilizers Market 2016-2020
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