Qualitative and quantitative filter: Key market research findings
- Presence of subcontract laboratories is the primary driver for the market
- The Americas dominate the market geographically
- Key vendors—Ahlstrom, GE, Sartorius, Thomas Scientific, and Thermo Fisher Scientific
Technavio’s market research analyst project the global qualitative and quantitative filter market to grow at a CAGR of over 4% between 2016 and 2020. A rise in the number of subcontract laboratories is the primary driving force behind the growth of the market. The introduction of subcontract laboratories makes it possible for smaller companies to carry out research and testing to drive innovation. Companies can outsource their research and testing processes for a mere fraction of the actual infrastructure cost through these subcontract laboratories. In 2015, the Americas accounted for more than 38% of the market share to dominate the global qualitative and quantitative filter market. The concentration of a large number of vendors in the US is one of the key factors responsible for the growth of the market in this region. Investments in research facilities from countries such as Brazil, Chile, and Columbia, in addition to the US, will further fuel growth in the market during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the quantitative and qualitative filter segments by end-user.
“An increase in the varieties of filter paper in an ongoing trend in the market. There has been a significant rise in the number of varieties of filter paper due to the increase the number of applications and processes that employ quantitative and qualitative filters. This increasing demand for filter paper in various applications is likely to augment this trend, and is expected to continue over the forecast period,” says Abhay Sinha, Lead Analyst, New Coverage, Technavio Research.
During 2015, the pharmaceutical segment dominated the global qualitative and quantitative filter market by occupying almost 23% of the market share. The pharmaceutical segment is flourishing owing to the presence of several subcontract laboratories, with the majority of the demand coming from emerging APAC nations and Latin American countries. The increase in investments in the pharmaceutical and healthcare sectors is expected to boost the growth in this segment in the coming years.
The key vendors in the market include Ahlstrom, GE, Sartorius, Thomas Scientific, and Thermo Fisher Scientific. The global quantitative and qualitative filter market is primarily dominated by large players, which account for a significant market share during the forecast period. The large vendors in this market have a strong global presence, with support centers or branches spread throughout the globe.
A more detailed analysis is available in the Technavio report, Global Qualitative and Quantitative Filter Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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