Residential applications accounted for more than 40% of global ceramic filters market in 2015 and are anticipated to be the key application segment over the next six years
— Global Market Insights, Inc. presents an extensive report on Ceramic Filters Market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help determine the future scope of the industry in terms of commercialization opportunities.
Ceramic Filters Market is expected to carve out a lucrative roadmap over the years ahead, subject to highly stringent rules enforced by regulatory bodies such as ASTM, REACH, EPA, and NSF. These organizations have set up strict norms that monitor drinking water filtration systems, thereby propelling the usage of water filters, which will fuel ceramic filters industry share. These organizations are also renowned to undertake supportive initiatives that govern water filtration across industrial and residential arenas.
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These filters control the BOD (biological oxygen demand) of sewage and waste water before it is disposed into fresh water bodies. In addition, they eliminate harmful pollutant emissions before they are discharged into the environment. This will provide a positive impetus to global ceramic filters market, which is expected to grow at a CAGR of 15.5% over 2016-2023, with a base valuation of USD 900 million.
Growth driver are
1. Supportive regulatory landscape
2. Enhanced properties compared to polymeric materials
Global ceramic filters industry is fiercely competitive and includes the presence of many leading manufacturers. The rising carbon emissions and the subsequent regulatory pressure will bring in lucrative opportunities for companies to enhance their business position. Key participants of global ceramic filters market include Tri-Mer Corporation, Haldor Topsøe, Anguil Environmental Systems, Inc., Pall Corporation, Clear Edge Filtration India Pvt. Ltd., Glosfume Ltd., 3M, Unifrax, and Doulton. The product value chain is characterized by backward and forward integration.
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Asia Pacific held more than 33% of global ceramic filters market revenue, thereby accounting for the largest share in 2015. With India and China as key contributors, APAC ceramic filters industry size, with an initial valuation of USD 300 million in 2015, is expected to register lucrative gains over the next six years. This growth can be primarily attributed to the rapid industrialization in the region coupled with strict government norms regarding pollutant emissions.
Residential applications accounted for more than 40% of global ceramic filters market in 2015 and are anticipated to be the key application segment over the next six years. Huge demand for ceramic filters in residential complexes will spur the product demand, leading to ceramic filters industry growth from residential applications, especially, across the African countries.
Subject to the huge number of petrochemical industries and the rising economic growth, Middle East and Africa ceramic filters market is anticipated to grow at a profitable CAGR of 17.5% over 2016-2023. The population across this region has also experienced an increasing awareness regarding the importance of clean, purified water and high air quality, which will augment MEA ceramic filters industry size, slated to cross USD 150 million by 2023.
Partial Chapter of the Table of Content:
Chapter 2 Executive Summary
2.1 Ceramic filters industry 360° synopsis, 2012-2023
Chapter 3 Ceramic Filter Industry Insights
3.1 Industry Segmentation
3.2 Industry Size and forecast, 2012-2023
3.3 Industry ecosystem analysis
3.3.1 Vendor landscape
3.4 Raw material Insights
3.5 Regulatory/legislative landscape
3.6 Industry Impact forces
3.6.1 Growth driver
126.96.36.199 Supportive regulatory landscape
188.8.131.52 Enhanced properties compared to polymeric materials
3.6.2 Industry pitfall & challenges
184.108.40.206 High initial investment cost
3.7 Growth potential analysis
3.8 Customer insights
3.10 Porter’s analysis
3.11 PESTEL analysis
Chapter 4 Ceramic Filter Product Insights
4.1 Global ceramic filter market share by product, 2015 & 2023
4.2 Ceramic water filter
4.2.1 Global ceramic water filter market revenue, 2012 - 2023
4.2.2 Global ceramic water filter market revenue, by region 2012 – 2023
4.3 Ceramic air filter
4.3.1 Global ceramic air filter market revenue, 2012 - 2023
4.3.2 Global ceramic air filter market revenue, by region 2012 – 2023
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Ceramic filters are highly corrosion resistant and are inert to most chemicals. In addition, they possess excellent mechanical properties, which will augment product demand. However, volatile raw materials such as zirconium oxide, titanium oxide, and aluminum oxide are vulnerable to periodic price fluctuations. Furthermore, the availability of these materials is also fairly inconsistent, which may result in expensive manufacturing. This poses a major restraint to global ceramic filters market. However, market players have been striving to eliminate these constraints and make the manufacturing process a little less capital intensive.
Name: Arun Hedge
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Organization: Global Market Insights, Inc.
Release ID: 88906855