Technavio, a tech-focused market research firm, has published a new report on the global ceramic filters market, which is expected to experience a progressive growth rate with a CAGR of more than 12% during the forecast period.
This latest report by Technavio covers the market outlook and growth prospects of the global ceramic filters market for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global ceramic filters market into the following key regions: APAC, Europe, North America, and ROW.
Geographical segmentation of the global ceramic filters market for 2015 (market share %)
|
APAC |
42.10% |
|
North America |
21.01% |
|
Europe |
19.87% |
|
ROW |
17.02% |
Source: Technavio
APAC: Largest revenue generating region for ceramic filters
The global ceramic filters market in APAC was estimated at over $406 million in 2015 and is expected to grow at a CAGR of almost 13% by 2020. The increased activities in the energy, oil and gas, commercial, and industrial sectors in the region will attribute to the growth of the market during the forecast period. Countries like India and China will emerge as the key revenue generators in the region. The availability of cheap labor and resources reduce the cost of production and increases the opportunities for more vendors to invest in the APAC market. The low cost and abundant availability of feedstock such as calcium, silica, alumina, and magnesium will lead to lower costs of ceramic filters in this region.
“The petrochemicals industry is the primary consumer of ceramic filters in the APAC market. China is the largest consumer and producer of petrochemical products in this region. China is the largest producer and consumer of plastics, elastomers, dyes, adhesives, and paints and coatings. The increasing number of production facilities in the region will drive the growth of ceramic filters in the APAC market during the forecast period,” says Chandrakumar B J, a lead analyst at Technavio, specializing in research on plastics, polymers, and elastomers.
Click here to request a free sample of this report
Ceramic filters market in North America
The global ceramic filters market in North America was estimated at around $203 million in 2015 and is expected to grow at a CAGR of about 12% by 2020. The favorable regulatory conditions and incentives provided for energy sustainability, and conservation will result in the growth of the North American market. Various government organizations across the country is promoting environmental sustainability in industrial operations encouraging vendors to increase the use of ceramic filters in their operations. The regulation and standards set by EPA and NSF for drinking water filtration systems will boost the requirement for ceramic filter in this region.
Ceramic filters market in Europe
The global ceramic filters market in Europe was estimated at about $192 million in 2015 and is expected to grow at a CAGR of almost 12% by 2020. The stringent regulations imposed by the government to reduce greenhouse emissions has led to an increased adoption of ceramic filters by various industries in the European market. The automotive industry in the regions is the largest user of these filters in the market. Ceramic filters and catalyst supports for gas exhaust and water filtration systems are extensively used in the automotive sector in the market. The usage of ceramic filters in diesel engines and manufacturing plants will lead to the development and commercialization of advanced filters during the forecast period.
Ceramic filters market in ROW
The global ceramic filters market in ROW was estimated at more than $164 million in 2015 and is expected to grow at a CAGR of about 12% by 2020. Central and South America is the largest market of ceramic filters in this region. The extensive use of these filters in production of oil and gas, metals, chemicals, iron and steel, ceramics, petrochemicals, and power generation will lead to the growth of market during the forecast period. The rising awareness of safe drinking water will boost the demand of ceramic filters in the region.
The top leading vendors operating in the global ceramic filters market are:
- Corning
- Haldor Topsoe
- PALL
- Veolia
Other prominent vendors in the market include Aquacera, Doulton, and Tri-Mer.
A more detailed analysis is available in the Technavio report titled, ‘Global Ceramic Filters Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Technical Ceramics Market 2016-2020
- Global Advanced Ceramics Market 2016-2020
- Global Activated Alumina Market 2016-2020
To read more press releases- click here.
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
https://www.technavio.com/
