According to the latest research by Future Market Insights, filter paper market is set to witness a 4.1% growth during the forecast period from 2021 to 2031. The growth will be experienced due to the increasing demand in the packaging and electronic sector. Therefore, there will be significant growth seen in the filter paper market.
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What is driving the Demand of Filter Paper?
Filter paper is used to filter various solid substances from liquid. It is semi-permeable in nature. Filter paper is used in many industries, most commonly in chemical industries to separate different substances from each other. The demand of filter paper is driven by food and beverages and oil separation industries. It is also used for separation of contamination from the desired products.
Filter papers are of different pore sizes so that it can separate different substances over a wide range of size. Whatman filter paper is commonly used in analytical techniques for separating, determining, and identifing materials. It finds its applications inside and outside the laboratory.
Therefore, all these factors will drive the demand of filter paper during the forecast period from 2021 to 2031 globally.
Increasing Research Likely to Propel the Growth of Filter Paper Market
Filter paper use increases due to increasing demand of filter paper laboratories and research institutes for experimental purposes such as DNA and protein separation processes, screening of drug, cell culture, and other separations and filtration processes.
Furthermore, growth of this market is extremely influenced by rise is healthcare-related research and development. In addition, surge in biopharmaceutical research activities and need for rapid drug commercialization are the foremost drivers for filter paper market during the forecast period from 2021 t0 2031 in both developed and developing countries.
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U.S. and Canada Filter Paper Market Outlook
U.S. and Canada will remain the leading players in the filter paper market worldwide. This is predominantly due to the existence of key players and research and development (R&D) in the region.
According to UNESCO 2020 study, U.S. spent a large part of their GDP approximately 2.7% of its GDP in R&D. Also, there were 4205 researchers in per million U.S. inhabitants according to UNESCO in 2020.
Therefore, it can be estimated that these large number of researchers required great amount of filter paper in their research work thus, the demand of filter paper will increase in the region during the forecast period from 2021 to 2031.
Europe Demand Outlook for Filter Paper
Europe primarily focuses on R&D for the development of various innovative products and techniques to make the life of the people easy and better.
It spends a large part of its GDP on R&D. For instance, according to UNESCO 2020 study, Germany spent 2.9% of its GDP on R&D and Germany has 4320 researchers per million inhabitants.
Therefore, the demand of filter paper enhances in the region during the forecast period from 2021 to 2031.
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Who are the Key Manufacturers and Suppliers of Filter Paper?
The key players of filter paper include
Merck KGaA
GIC Scientific
Filcon Filters
Thermo Fisher Scientific
Dun & Bradstreet, Inc.
Sartorius AG
Cantal Medical
Infocom Network Limited
Griff Paper & Film
Thomas Scientific.
These companies follow certain strategies like merger and acquisition, getting government approval, gaining patents and new product launch to be at the top position in the market. For instance, Griff Paper & Film in 2019 launched its Geo-Liner Division for expanding its facilities like tarps, membranes, and geotextile liners.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
