Global Water Market to Drive Growth in Ceramic Membranes
Research and Markets has announced the addition of the “Ceramic Membrane Market by Material, by Application, by Technology, by Region-Global Trends & Forecasts to 2020” report to its offering. The ceramic membrane market is projected to register a market size of $5.1 billion by 2020, signifying a firm annualized growth of 11.7% between 2015 and 2020.
According to the report, key drivers for the growing demand for ceramic membranes include the growing global water market, requirement of high-purity components in various applications, high selectivity and permeability requirements, and recovery of used materials. The ultrafiltration technology segment dominates the global ceramic membranes technology market in terms of value, and nanofiltration technology is projected to be the fastest-growing segment in terms of growth rate by 2020.
Emerging countries such as China, Brazil, and India are acknowledged to be the important drivers for overall market growth. Currently, Asia-Pacific is the largest market for ceramic membranes, accounting for nearly 35% of the total market size in terms of value in 2014. China dominates the ceramic membranes market, holding the maximum market share in 2014, closely followed by the U.S.
The major players in the ceramic membrane market include TAMI (Singapore), PALL (U.S.), A-tech (U.S.), Hyflux (Singapore), Siva (India), DNP (Japan), The Toyo Ink Group (Japan), Suntar (China), Shijie (China), and Jiusi (China), among others.
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