Global Ceramic Filters Market is expected to reach USD
2,139.4 million by 2022, according to a new study by Grand View Research, Inc.
Favorable regulations for both water and air filtration across key regions is
expected remain a key driving factor for global ceramic filters market.
Superior quality and performance over its polymeric counterpart is also expected
to have a positive influence on the market growth. Growing awareness regarding
clean and safe drinking water has also helped in developing its market.
Increasing penetration for various industrial applications including waste
water treatment is also expected to impact ceramic filters demand positively.
Ceramic water filters were the
leading product segment and accounted for over 55% of total market revenue in
2014. Growth of global waste water treatment industry is expected to drive this
segment over the forecast period. Air filters are expected to witness the
highest growth of 13.5% from 2015 to 2022.
Global Ceramic Filters Market Revenue by Product, 2012 -
2022 (USD Million)
Browse full research report on Ceramic
Filters Market Analysis:
Further key findings from the report suggest:
- Global
ceramic filters market was worth USD 831.6 million in 2014 and is expected
to reach USD 2,139.4 million by 2022, growing at a CAGR of 13.2% from 2015
to 2022.
- Residential
applications dominated the global market and accounted for 41.6% of total
revenue in 2014. Growing ceramic filters demand particularly in emerging
markets of Asia Pacific and Africa is expected to drive this segment over
the forecast period. Industrial applications are expected to witness
maximum growth of 13.4% from 2015 to 2022. Rapid industrialization across
China, India, Indonesia and Brazil is expected to drive this segment over
the forecast period.
- Asia Pacific
was the largest regional market and accounted for over 35% of total
revenue in 2014. Rapid industrialization across in emerging markets such
as India, China and Indonesia is expected to drive this region over the
forecast period. In additon, growing environmental concerns and growing
need for potable water can also be attributed for the regional growth. Middle
East & Africa is expected to witness the highest growth of 15.5% from
2015 to 2022.
- Ceramic
filters industry participants have been forging partnerships and investing
in R&D initiatives with an aim to develop their product portfolio and
expand production capacity. Prominent industry participants include
Unifrax I LLC, Doulton Ceramics, Ceramic Filters Company Inc., Anguil
Environmental Systems Inc., Veolia and 3M Company.
For more information: http://www.grandviewresearch.com
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