Ceramic Filters Market Analysis , Size , Share , Growth , Industry Trends and Forecasts , 2016 to 2024 | Hexa Research
Your Catalyst To a Lucrative Business
Ceramic Filters Market Analysis , Size , Share , Growth , Industry Trends and Forecasts , 2016 to 2024 | Hexa Research
" 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 ."
Global Ceramic Filters Market was valued near to USD 900 million in 2015 . It is projected to grow at a CAGR of 13 % from 2016 to 2024 ( forecast period ). This can be attributed to rising emphasis on environmental protection . Environmental agencies such as the EPA ( Environmental Protection Agency ), EEA ( Energy & Environment Affairs ), NSF ( National Science Foundation ), etc . have implemented various mandates pertaining to air emissions as well as water treatment / disposal . This would trigger demand for ceramic filters in the coming years .
Ceramic filters possess properties like chemical inertness , low operational costs , and extended life . They are well-suited for multiple applications across major end-users . However , they require huge capital investments . This , coupled with price volatility could hinder market growth .
The global ceramics filters market is segmented into products , applications , and regions . Products are split into water filters and air filters . Ceramic water filters , with about 56 % revenues , dominated in 2015 . This is credited to directives that encourage industries to choose eco-friendly water treatment and water disposal processes .
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