- Theworldwide ceramic filters market was estimated to have made money worth about USD 773 million in 2013. It is likely to augment in the future and attain around USD 2, 139 million in 2022. Supportive policies for both air and water refinement in the four geographic regions are predicted to drive the demand for the market. Improved performance and quality of ceramic filters over their polymeric equivalents are also projected to positively impact the ceramic filters market.
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Rising consciousness with respect to non-toxic and hygienic drinking water has also propelled the growth of ceramic filters. Boosting infiltration of ceramic filters in different manufacturing applications is also anticipated to increase the demand for the ceramic filters market. Amplified ecological concerns are also expected to drive further growth. Ecological directives and regulations that administerwater disposal and treatment and air ejections are also predicted to expand the ceramic filters market further.
Policies and directives by agencies and governmental organizations are supposed to execute a major function in improving the status of the market in the years to come. Ceramic filters have various quality features. This makes them applicable across various consumer sectors and industry verticals. They have longer functional life and lower working costs and are chemically inactive. The intensifying use of ceramic filters across various consumer industries is also helping the ceramic filters market gain shares through the forecast phase.
Ceramic filters require high preliminaryspendings for their functioning. Such fiscal utilization is estimated to be a prime obstacle for the members of the ceramic filters market. Varying costs of ceramic filters are also likely to act as a hindrance in the smooth progress of the market. Research and development proposals to come up with quality products and novel applications provide abundant prospects to market members. The ceramic filters market faces client demands that require to be attended to, so that it can flourish in the near future.
The global market is segmented in view of three categories. These are applications, products and geographies. The various application sectors include commercial, residential and industrial. Increased demand for ceramic filters across these sectors is also estimated to drive the demand for the ceramic filters market. The products market consists of ceramic air filters and ceramic water filters. The geographies market includes the regions of Asia Pacific, rest of the world, North America and Europe.
The applications market is dominated by residential.Industrial is likely to experience maximum expansion during the coming years. Surging demand for residential, specifically in Africa is also projected to assist further growth of the ceramic filters market.
The products market is dominated by ceramic water filters. Ceramic water filters are likely to maintain similar position through the coming years.
The global ceramic filters market is dominated by Asia Pacific. Asia Pacific is likely to display similar trends during the forecast period. The region is chased by Europe and North America. Developing regions are estimated to offer bounteous prospects to members of the ceramic filters market. These regions are also anticipated to experience higher growth in comparison to developed regions.
Information Source: Grand View Research
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