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Ceramic Filter Market Size, Share & Trends Analysis Report By Application,, By Product And Segment Forecasts, 2019 - 2025

Ceramic Filter Market Size, Share & Trends Analysis Report By Application,, By Product And Segment Forecasts, 2019 - 2025

  • February 2019
  • 124 pages
  • ID: 5744653
  • Format: PDF
  • By Grand View Research

Summary

Table of Contents

Ceramic Filter Market Size, Share & Trends Analysis Report By Application (Industrial (Bio-Filtration, Hot Gas Filtration), Residential, Commercial), By Product (Water Filter, Air Filter), And Segment Forecasts, 2019 - 2025

The global ceramic filter market size is expected to reach USD 2.97 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 13.5% during the forecast period. Favorable environmental regulations concerning water treatment, water disposal, and hazardous gas emissions from industrial installations are poised to fuel the demand for the product.

Ceramic filters are replacing polymer filters owing to their high mechanical strength as compared to polymeric membranes.In addition, ceramic filtration membranes have a higher cleaning capacity and thus less number of membranes are required to treat the same volume of water as polymer filtration membranes.

Superior qualities of ceramic filters are likely to stir up its demand.

Ceramic filters are used for reducing gaseous and volatile organic compound (VOC) emissions from industrial complexes. Mandates such as the Clean Air Act implemented and enforced by EPA for safeguarding public from exposure to harmful toxic gases are expected to spur the growth of the market over the forecast period.

Players in the market are focusing on R&D activities to develop new technologies, such as ceramic floatation filtration water purification process, which require lower energy consumption. However, high initial cost associated with the product is estimated to hamper the growth prospects over the forecast period.

Further key findings from the report suggest:
• Ceramic water filters accounted for 55.0% in 2017, owing to water scarcity coupled with increasing demand for clean drinking water, majorly in developed regions of North America and Europe
• Industrial application is anticipated to witness significant growth at a CAGR of 13.7% during the forecast period on account of rising number of pollution control initiatives taken by various regional governments
• Consumption of the product in bio-filtration in the industrial segment is projected to rise at a CAGR of 14.3% during the same period owing to increasing awareness regarding application of the technology for removing hazardous gas emissions
• Asia Pacific represented 35.9% of the global value in 2017 on account of stringent environmental norms and wide acceptance of the product across various end-use industries in the region
• Major players in the market are engaged in R&D activities and establishing partnerships for expanding production capacity and new product development, thereby obtaining a competitive edge in the market.

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