PUBLISHER: Grand View Research | PRODUCT CODE: 1611628
PUBLISHER: Grand View Research | PRODUCT CODE: 1611628
The global ceramic filters market size is expected to reach USD 2.45 billion in 2030 and is expected to register a CAGR of 6.4% over the forecast period. This growth can be attributed to the rising awareness amongst the general public regarding water management, bio-filtration, and waste disposal in various industrial and commercial sectors.
Ceramic filters are also gaining popularity in the market on account of their ability to offer high mechanical strength and cleaning capacity, which in turn, results in the requirement of less number of membranes to treat the same volume of water as polymer filtration membranes. Additionally, the product is replacing traditional water filters as they release volatile and gaseous compounds which are harmful to human as well as environmental health.
The market is also witnessing several innovations in products in order to make ceramic filters more efficient. For instance, ceramic filters are now being manufactured with titanium dioxide and silicon carbide for the purpose of enhancing filtration capability. Moreover, the market is further expected to grow on account of technological developments, for instance, the involvement of nanotechnology in bio-ceramic filtration and the filtration process.
Favorable regulations for water filtration coupled with heightened awareness regarding clean and safe drinking water across key regions have provided a significant push to the market. The product is used for managing wastewater, it filters water to separate bacteria, debris, and dirt. These factors are further expected to propel the growth of ceramic filters.
The population growth in regions including Africa, Central & South America, and Asia Pacific resulted in a serious strain on the availability of water. Thereby, this problem is encouraging water reuse and water treatment solutions to efficiently utilize water. This trend is anticipated to work in favor of ceramic filter product growth.
Ceramic filters find application in various industries including commercial, residential, and industrial. In the industrial segment, the product is used for separating oils and solids from wastewater of petrochemical plants, oil refineries, chemical plants, and natural gas plants. The ceramic filters are chemical resistant, thus, helping in getting clear liquids.
The market of ceramic filters is fragmented in nature on account of the presence of several manufacturers. Key players in the market include Glosfume Ltd, Anguil Environmental Systems Inc., and 3M Company. The major manufacturers are integrated across various stages of the value chain, i.e., they are involved in manufacturing raw materials and products, as well as the distribution of products.