Regulations Continue to Drive Global Market for Ceramic Filters
Favorable environmental regulations concerning water treatment, water disposal and hazardous gas emissions from industrial installations are poised to fuel demand for ceramic filters.
The global ceramic filter market is expected to reach $2.9 billion by 2025, according to a recent 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 demand.
Ceramic filters are replacing polymer filters due to their high mechanical strength compared to polymeric membranes. In addition, ceramic filtration membranes’ higher cleaning capacity means that fewer membranes are required to treat the same volume of water as polymer filtration membranes.
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 the U.S. Environmental Protection Agency (EPA) for safeguarding the 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 the ceramic floatation filtration water purification process, which requires lower energy consumption. However, the high initial cost associated with the product is estimated to hamper growth prospects over the forecast period.
Additional key findings from the report include:
- Ceramic water filters accounted for 55% of the market in 2017, due to water scarcity coupled with increasing demand for clean drinking water, primarily in the developed regions of North America and Europe.
- Industrial applications are anticipated to witness significant growth at a CAGR of 13.7% during the forecast period as a result of an increasing 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, due to increasing awareness regarding application of the technology for removing hazardous gas emissions.
- Asia-Pacific represented 35.9% of the global value in 2017 due to stringent environmental norms and wide acceptance of the product across various end-use industries in the region.
For more information, visit www.grandviewresearch.com.