Ocean View, Delaware, June 07, 2017 (GLOBE NEWSWIRE) --
The industry growth report “Ceramic Filters Market Size By Product (Air Filters, Water Filters), By Application (Commercial, Residential, Industrial [Oil/Water Filtration, Bio-filtration, Hot Gas Filtration]), Industry Analysis Report, Regional Outlook (U.S, Germany, UK, China, India, Japan) Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023” by Global Market Insights, Inc. says Ceramic Filters Market size is will surpass USD 2.5 billion by 2023
Growing ecological concerns and government initiatives to increase general awareness about environmental sustainability and safe drinking water will be the principal driver for global ceramic filters market in the forecast timespan. Stringent regulations imposed by organizations such as EPA, ASTM, NSF, EEA, REACH, etc. regarding discharge air and water quality has made the product usage mandatory. Growing usage of filters to control the toxic and harmful gas content in the discharge air is anticipated to bolster growth. Also, usage in checking the biological oxygen demand (BOD) of slurry before disposal in rivers or lakes will enhance the global ceramic filters market size.
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Regulations such as the Clean Water Act and Clean Air Act, mandated by the EPA, recommend the usage of filters in various levels in all application sectors. Regulatory agencies work in collaboration with several institutions and conduct in depth researches to determine the air and effluent quality. EPA and NSF have jointly formulated standards to check the drinking water quality and efficiency of the filtration systems. These factors support application of the products, hence driving the global ceramic filters market in the forecast timespan.
Another important driving factor for global ceramic filters market is the higher mechanical strength and superior quality of the product. It has a competitive advantage over polymer based filters due to its inertness against certain chemicals. Polymeric filters undergo organic fouling upon reaction with fluids containing fats, oil, and grease. Ceramic filters also have longer shelf life because of better cleaning capacity along with physical properties, hence reducing the operation cost during application. These intrinsic features of the product provide it an upper hand in the application segments, hence enhancing the market demand in the next few years.
However, capital intensive nature of ceramic filters market may pose threats to the market growth in the forecast timespan. Fluctuating prices of raw materials such as titanium oxide and zirconium oxide, due to inconsistent availability may have an adverse effect on the global market.
Browse key industry insights spread across 116 pages with 136 market data tables & 12 figures & charts from the report, “Ceramic Filters Market” in detail along with the table of contents:” in detail along with the table of contents:
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Ceramic water filter led the product segment with over 55% of the global size, candle filters are the most commonly used ceramic water filters used to purify drinking water. Air filters capture rest of the market, registering a revenue of over USD 400 million. Air filters will likely have higher growth rate owing to mandates issued to check the harmful and toxic pollutants discharge into the atmosphere.
Ceramic filters market application areas include industrial, residential, and commercial sectors, with residential applications leading the market with more than 40% of the global share. Hot gas filtration is the leading application segment among all industrial applications. It generated a revenue over USD 130 million in 2015 with an anticipated growth by more than 15.5% up to 2023.
Asia Pacific accounted for a noteworthy share with more than a third of the overall ceramic filters market size on the account of large residential population along with heavy industrialization in China and India. Strict regulations in the region towards environmental sustainability will positively influence the market growth in the next few years.
Economic development and increasing awareness about clean drinking water in African countries will enhance the MEA ceramic filters market making it the fastest growing region in the forecast timespan. Key manufacturers of ceramic filters include 3M, Doulton, Glosfume, Unifrax, ClearEdge, Haldor Topsoe, Tri-Mer, Pall Corp, and Anguil Environmental Systems.
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