Ceramic Filter Market Size Is Predicted To Reach A Valuation Of $2.97 Billion By 2025: Grand View Research, Inc.
Favorable environmental regulations concerning water treatment, water disposal, and hazardous gas emissions from industrial installations are poised to fuel the demand for the product.
(firmenpresse) - 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.
Access Research Report of Ceramic Filter Market
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.
Grand View Research has segmented the global ceramic filter market on the basis of product, application, and region:
Ceramic Filter Product Outlook (Revenue, USD Million, 2012 - 2025)
Ceramic water filter
Ceramic air filter
Ceramic Filter Application Outlook (Revenue, USD Million, 2012 - 2025)
Residential
Commercial
Industrial
Hot gas Filtration
Oil-water Separation
Bio-Filtration
Ceramic Filter Regional Outlook (Revenue, USD Million, 2012 - 2025)
North America
US.
Europe
Germany
UK.
Asia Pacific
China
India
Japan
Central & South America
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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Datum: 26.09.2019 - 11:56 Uhr
Sprache: Deutsch
News-ID 599612
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