Market Research Report
India Depth Filtration Market - 2020-2027
|India Depth Filtration Market - 2020-2027|
Published: January 14, 2021
Delivery time: 2 business days
India Depth Filtration Overview
The India depth filtration size was worth US$ XX billion in 2019 and is estimated to reach US$ XX billion by 2027, growing at a CAGR of XX % during the forecast period (2020-2027).
Depth filtration in India is mainly used for the microfiltration of fluids in several end-user emerging industries in India such as food & beverages, water filtration, pharmaceuticals, chemicals and many other industrial applications. The water filtration product manufacturers mostly use depth filtration equipment in India in India. As depth filters are most effective for the colloidal particle and haze removal to facilitate clean and pure water for drinking and food and beverages industries in India
The most common application of the depth filtration market in India includes self-cleaning and pre-filtration to RO filtration systems, Industrial water filtration, incoming process water filtration and liquid filtration food and beverage industry and oil removal and particle filtration in refineries and petrochemicals. Depth Filtration are substantially used in end-user industries such as food and beverages, water filtration systems, oils, chemicals, pharmaceuticals and other industries in India.
India Depth Filtration Market Dynamics
The India depth filtration is driven by rising demand by the food and beverages industries with surge in government investment for the food processing projects. Depth filters are commonly used in the food and beverages industry to filter water and other fluids to remove the suspended particles and hazes. Depth filtration removes the impurity by collecting unwanted particles with filter media's help by passing the fluid flow through it. Further, India's depth filtration market is driven by surge in the production and consumption of alcoholic and non-alcoholic beverages in India.
Also, the depth filtration market is driven by increasing demand by the end-user industries such as oils, chemicals, pharmaceuticals and many others to provide purification and filtration activities.
Rising investment by the leading players in the food and beverages industry with surge in government schemes and initiatives programs have depth filtration market with maximum demand by the urban populations in India
The market is driven by surge in demand in the food and beverages industries due to growing urban population and rising government support and initiatives in India. For instance, Foreign Direct Investment (FDI) in the food processing sector in India reached around US$ 7.54 billion during the period April 2000-March 2017 and the food processing sector FDI investment is projected to reach US$ 33 billion by 2026 and will also generate employment of nine million people. It created massive demand for the depth filtration products such as filter sheets and filter modules market in these industries.
Also, government investments and funding schemes for developing the food processing industry and other green industrial projects have propelled the demand for the depth filtration market in India. For instance, as per the India Brand Equity Foundation Organization (IBEF) report, the Government of India has targeted huge investment for the growth in the food processing sector by leveraging Foreign direct investment (FDI) in marketing of food products and Government has executed various schemes incentives for development. In 2018, the Government of India had allocated around US$ 1.2 billion for setting up dairy processing plants and infrastructure development in its budget. It created massive demand for the depth filtration market in India.
Growing demand by the leading alcoholic and non-alcoholic beverages manufacturers with surge in consumers spending of the Indian people have propelled the depth filtration market
Growing consumption and production of alcoholic beverages with India's huge population demand have propelled the depth filtration market growth. For instance, total consumption of the food and beverage segment in India reached around US$ 369 billion in 2017 and is expected to reach around US$ 1.142 trillion by 2025. Thus it created massive demand for the module and sheets type depth filters require in the food and beverages industry.
Lack of implementation of the government schemes and projects, as well as high capital cost required for the manufacturing, may hinder the growth of the depth filtration market
Depth filtration products include filter press, filter modules and filter housing, require high capital cost for manufacturing, which hampers the growth of this market. Also, in India, there is a lack of government schemes for the industrial development of the government schemes for the food and beverages processing industry may hamper the growth of this market.
For instance, the Government of India has inaugurated food park in India on 1st June 2017. Union Food Processing Minister of India has inaugurated first mega food park in Odisha, India. Still, there is the work of establishing the mega food park is not completed as of Jan 2021. It hampers the growth of the depth filtration market in India.
Growing launch of the advanced technology-based depth filtration products to enhance the filtration capabilities by the leading payers may strengthen the growth of depth filtration market
Several leading players are launching new technology-based depth filtration products to strengthen the filtration capacity and efficiency may create huge opportunities for the growth of the depth filtration market. For instance, on 4th June 2020, Filtrox launched hard seltzer filtration used by several beverage producers for low-calorie drinks to achieve highest quality of the drinks. It may create a huge opportunity for the growth of the depth filtration market in India.
COVID-19 Impact Analysis
The India depth filtration market has shown immense declination due to theCovid-19pandemic, as several leading manufacturing industries were closed. Indian Government has announced lockdown from 22nd March to 31st May, which have restricted production activities during the covid-19 pandemic. Further, food, beverages and pharmaceuticals industrial growth declined due to weak supply in June 2020.
However, the demand for depth filtration is slightly increased in August 2020, as several leading manufacturer started production. The leading manufacturers of the food and beverages and pharmaceuticals industries have announced huge investment in India despite the lockdown due to Covid-19 pandemic. For instance, on 8th August 2020, PepsiCo India has increased its investment from US$ 68 million to US$ 108 million in Uttar Pradesh, India. Also, the demand for depth filtration is driven by pharmaceutical manufacturers due to a sudden increase in demand for sanitizers in India.
Also, Government has granted permission to produce hand sanitizer in India. For instance, on 26th March, 2020, Government of India has permitted more than 45 distilleries and 564 other manufacturers for producing hand sanitizers. Thus it created slightly high demand for the depth filtration market require in the purification and manufacturing facilities of the hand sanitizer producing industries in India. Further demand for the depth filtration market will boost as soon as the Covid-19 pandemic will over.
Depth Filtration Market Segment Analysis
The India depth filtrationis segmented based on component, product, applicationand region.
Rising demand in the food and beverages processing industries sector with surge consumption and production in India have propelled filter modules segmental growth for this market
In terms of component, the India depth filtration is bifurcated into filter sheets, filter modules (12'' and 16'') and filter press (housing) (plate and frame filters). Among these, filter sheets segment has the highest market share due to surge in demand by the small and medium scale food and beverages processing industries in India and growing government support and schemes.
For instance, as of 29th October 2020, the Government has funded 37 food parks under the Mega Food Parks Scheme. Among these, 20 food parks are operational and 17 are under implementation state. Thus, it created massive demand for the depth filter sheets used in India's food processing industries as depth filtration sheets are used in clarifying and sterilizing bulk liquids, such as in beer, wine and other soft drinks for larger production.
Increasing demand in the food processing industry with surge in government support and initiatives have propelled the demand for the food and beverage segmental growth for the depth filtration market
Based on the product, the India depth filtration market is segmented into food and beverage, pharmaceuticals, oil industry, water filtration, chemicals and others. Among these, the soft drinks segment has the highest market share due to rising consumption, production and investment by India's leading players due to growing population demand. For instance, on 4th August 2020, Cocacola leading soft drinks manufacturer have invested more than US$ 1.7 billion in India to enhance production capabilities due to rising soft drinks consumption in India.
Rising food and beverages industry with growing production capabilities and expansion by the leading players have propelled the demand for chill haze removal depth filtration
In terms of the applications, the India depth filtration market is segmented into colloid removal, chill haze filtration, microorganism filtration and others. Among these, the chill haze filtration segment has the highest market share due to rising demand by the food processing industry and India's pharmaceutical industry.
For instance, as per the Invest Government Organization, India has more than 39,748 registered units with total fixed capital valued at more than US$ 32.75 billion. The aggregate output of the food processing industry in India was valued at around US$158.69 billion in India, which includes edible oils, grains, beverages, sugar and dairy products.
India Depth Filtration Market Competitive Landscape
The India depth filtration market is highly consolidated with the presence of major global companies. Some of the key players which are contributing to the growth of the market include 3M, Filtrox Ag, Pall Corporation, Gruppo Cordenons SpA, ErtelAlsop, Sudamericana de Filtrado SA, Parker-Hannifin Corporation (Dominik Hunter), Eaton Corporation Inc, ShenYang City Great Wall Filter Sheet Company, Xingtai Futai Paper Development Co., Ltd, Gussmer Cellulo, Ceprohart SA Braila and among others.
The major players are launching new products and adopting several growth strategies such as mergers, acquisitions and collaborations, contributing to the growth of the depth filtration market in India. For instance, on 14th Nov 2020, 3M becomes partnered with Cummins to enhance the production of high-efficiency particulate filters used in 3M's air-purifying respirators.
The partnership can more than double the current production of filters for 3M's protective equipment. The additional particulate filters are needed as 3M has ramped up production of PAPRs to meet the surge in demand for personal protective equipment due to the COVID - 19 outbreaks.
Overview: Eaton Corporation was founded in 1911 and headquartered in Dublin, Ireland. The company is an energy-efficient solutions provider that thrives customers to manage electrical, hydraulic and mechanical power more efficiently, effectively, safely and sustainably.
The company provides products in several industries, including filtration, power management, hydraulics, automotive, truck, hybrid power, aerospace, electrical, industrial clutches, brakes and plastic extrusion.
Eaton Corporation has registered revenue of approximately US$ 21.4 billion due to wide range of sale of its products to customers located in more than 175 countries, including India.
Key Development: On 27th May 2020, Eaton launched a new double-layer membrane filter cartridges Beco Membrane Ps Pure DL, with a high retention rate. This membrane filter cartridge for sterile filtration with the maximized filter area of 8.6 ft² achieves an absolute retention rate of 0.1 µm.
The India depth filtration market report would provide an access to an approx. 42 market data table, 42 figures and 150 pages.
Target Audience 2022
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