Ceramic Filters Market Size, Share & Trends Analysis Report By End-use (Industrial (Bio-filtration, Hot Gas Filtration), Residential, Commercial), By Product (Water Filter, Air Filter), And Segment Forecasts, 2023 - 2030
Ceramic Filters Market Growth & Trends
The global ceramic filters market size is expected to reach USD 2,449.3 million by 2030, according to a new report by Grand View Research, Inc., progressing at a CAGR of 6.3% during 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.
Ceramic Filters Market Report Highlights
- The ceramic water filter segment accounted for revenue of USD 817.5 million in 2022 and is further expected to grow at a CAGR of 6.0% over the forecast period. The product is witnessing growth on account of increasing concerns about industrial water treatment and disposal. Furthermore, the product offers superior properties including a high capacity for cleaning, on account of which it is highly employed in water disposal & treatment application.
- The residential application was the largest segment of the ceramic filters market in 2022. The growth of the market can be attributed to the rising use of ceramic candles in residential units for the purpose of water filtration. Additionally, the method is considered an economical technique, and is employed in various countries on account of the lower cost involved.
- Asia Pacific accounted for the revenue share of 35.9% in 2022 owing to the establishment of stringent environmental regulations and norms. Additionally, the product is employed in several end-use industries, which is further driving the market in the region.
- The key players in the market are focusing on strategies such as partnerships, joint ventures, product development, and collaborations in order to gain market share. Moreover, the manufacturers are doing Research and development activities for the purpose of expansion of their product portfolio of ceramic filters.
Please note The report will be delivered in 3-8 business days upon order notification.