The Report Ceramic Filters Market Analysis By Product (Water Filters, Air
Filters), By Application (Residential, Commercial, Industrial, Hot Gas
Filtration, Oil/Water Filtration, Bio-filtration) And Segment Forecasts To 2022
According to a report by Grand
View Research, Inc.; the global ceramic filters market is anticipated to reach
USD 2139.4 million by 2022. Growing concerns regarding air and water pollution
is anticipated to propel market growth over the forecast period (2012 to 2022).
Superior performance and quality over polymer filters make these products
suitable for versatile end-use applications. In addition, these filters offer
longer operational life, lower operating costs, and are chemically inert. All
these factors are anticipated drive the demand in near future.
Stringent regulations
pertaining to air emissions and water treatment and disposal are expected to
impel growth of the market for ceramic filters. Regulatory framework set by
government agencies like the Energy and Environment Affairs (EEA), Environment
Protection Agency (EPA), American Society for Testing and Materials (ASTM),
National Science Foundation (NSF), and European Environment Agency (EEA) are
likely to play essential role in market expansion. Such regulations encourage
manufacturing companies to use eco-friendly processes to control air and water
pollution. Rising focus on controlling emission of Volatile Organic Compounds
(VOC) and other harmful gases can stimulate market expansion. Growing awareness
regarding consumption of clean and safe drinking water can further augment
market growth in the forthcoming years.
Access Research Report of Ceramic Filters Market@ www.grandviewresearch.com/industry-analysis/ceramic-filters-market
However, high initial
investments required to manufacture ceramic filters can hamper market expansion
over the forecast period. In addition, fluctuating prices of these filters can
also restrict production adoption. Nevertheless, rising R&D activities to
develop advanced products and novel applications can offer lucrative
opportunities for market entrants. In addition, fulfilment of consumer demands
such as reduced Capital Expenditure (CAPEX), expanding distributorship, and
initiation of large scale industrial operations can also provide profitable
opportunities for market players in the forthcoming years.
The worldwide ceramic market
can be segregated on the basis of product, application, and region. Based on
product, the market can be bifurcated into ceramic air filter and ceramic water
filter. In 2014, ceramic water filters segment led with 55% of overall market
share. The segment is likely to maintain its dominance over the forecast period.
Advent of environmental regulations to control water pollution can positively
influence growth of segment. In addition, rising adoption of water treatment
procedures in manufacturing facilities can foster product demand during the
forecast period. Ceramic air filters segment is anticipated to witness the
highest growth of 13.5% through to 2022.
Based on application, the
market can be trifurcated into commercial, residential, and industrial. In
2014, residential accounted for the largest market share of 41.6% in terms of
revenue. Increasing use of ceramic filters in Africa and Asia Pacific regions
to have clean drinking water can spur growth of segment. On the other hand,
industrial segment is anticipated to witness the highest growth of 13.4% from
2015 to 2022. Rapid industrialization in developing countries like India,
China, Indonesia, and Brazil can drive this growth over the forecast period.
Regional segmentation includes
Europe, North America, Asia Pacific, Central and South America, and Middle East
and Africa. Asia Pacific region is projected to continue its dominance in terms
of market share over the forecast period. In 2014, the region accounted for
41.6% of global market share in terms of revenue. Growth of industrialization
in developing countries like India, China, Brazil, and Indonesia is anticipated
to propel regional growth over the forecast period.
Europe and North America
regions are expected to witness decline in growth attributed to brisk growth of
other developing regions such as Middle East and Africa and Central and South
America. Such emerging markets are expected to create lucrative opportunities
for market players. In addition, rapid pace of industrialization in emerging
economies can fuel demand for ceramic filters in different end-use sectors.
Hence, the market is expected to witness fast growth in emerging economies as
compared to markets of Europe and North America.
Some of the leading companies
operating in the ceramic filters market are 3M Company, Haldor Topsoe A/S
Unifrax I LLC, Glosfume Ltd., and Doulton Ceramics. The market is characterized
by a huge number of buyers and producers. The companies are undertaking
initiatives to expand their product portfolio and to enhance production
capacity to address demand from developing countries.
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.
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