Projected to grow at a CAGR of almost 13% from 2016 to 2024, ceramic filter market is expected to grow significantly over the forecast period owing to growing environmental concerns. Environmental regulations regarding air emissions and waste water disposal & treatment is complementing the market growth over the next few years.
Favorable rules & regulations imposed by governments and agencies such as Energy & Environmental Affairs (EEA), Environment Protection Agency(EPA), American Society For Testing and Materials (ASTM), European Environmental Agency(EEA) and National Science Foundation(NSF) is presumed to drive the market over the forecast period. These regulations are encouraging the industries to adopt environment friendly processes, control air emissions and look for proper water disposal methods.
These filters are being increasingly used across various industries owing to their superior inherent properties over polymeric counterparts. Growing awareness of clean and safe drinking water is also anticipated to drive the market demand. Growing acceptance across major end-use industries due to their lower operating cost, chemical inertness and longer operational life is expected to retain the growth in the coming years.
Ceramic filter require high initial capital investment for its operations which is to hamper the market growth over next eight years. Volatile prices of filters are also expected to challenge the overall growth. Increasing R&D investments in this industry to develop superior product and variant applications provide for opportunities in this market. These materials have to cater several unmet customer requirements to prosper in the near future. These unmet requirements such as reducing CAPEX, expanding the industrial units and distributorship provide ample opportunities for industry participants.
Ceramic Filter market can be segmented on the basis of product and application. On the basis of product, ceramic water filter dominated the market recently. Several environmental regulations and stringent rules regarding air emission, and disposal of waste water are projected to increase the demand of filters over the forecast period. Various environmental friendly processes such as toxic gases & VOC removal and waste water treatment adopted by industries are projected to aid the global industry.
Raw materials used by filter include ceramic and other chemicals such as aluminum oxide, zirconium oxide, titanium oxide and silicon carbide. Energy intensive manufacturing processes of industries are governed by various regulations. These regulations negatively impact the growth of the filter market. Ceramic prices are correlated to crude oil prices. Volatile prices of crude oil and raw materials are expected to challenge the industry growth over the next eight years. Volatile prices also affect the revenue and increase operational expenditure of key players in the industry.
Industry segmentation on the basis of application includes industrial, commercial and residential segments. Residential applications dominated the industry owing to growing awareness of safe and clean drinking water is projected to increase the demand over the forecast period. Air filter is expected to witness the highest growth on account of growing industrialization and its awareness regarding air emissions.
R&D initiatives and technology innovation are anticipated to impact the industry positively. Increasing growth in residential applications mainly across African countries due to its economic advantage is envisioned to drive the industry over the forecast period. Moreover, industrial applications in emerging countries such as India, China, Brazil and South East Asia was growing over the last few years and is anticipated to continue positively impacting the industry.
Asia-Pacific was the largest regional market over the last few years followed by North America and Europe. North American and European markets are expected to come down slightly on account of growing demand from emerging countries. Asia Pacific is expected to continue its dominance over the market. Rapid growth of industrialization in emerging countries such as Middle East & Africa and Central & South America is anticipated to result in high demand from end-use industries.
Ceramic filters market includes large number of buyers and producers. Major players are taking actions to increase their production capacity and product variants in order to cater the growing demand from emerging countries. Thus, the market is projected to witness significant growth over the forecast period. Key industry players include Ceramic Filter Company Inc., Anguil Environmental Systems Inc., ClearEdge Filtration, Global Water Ceramic Filters Manufacture Corporation, Unifrax I LLC, Doulton Ceramics, Tri-Mer Corporation, Veolia, 3M Company, Glosfume Ltd., Haldor Topsoe and Pall Corporation, Aquacera and KLT Filtration.
In May 2016, Anguil Environmental Systems Inc. launched water treatment division named Anquil Aqua Systems LLC to support industrial facilities and tailored solutions to meet each customer’s unique requirements for removal and treatment of water contaminants.
Some major acquisitions in this market includes Filtration Group acquired ClearEdge Filtration and Danaher acquisition of Pall Corporation. These strategic initiatives in past has brought a huge impact on ceramic filters market over the period of time.
Research Support Specialist, USA