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Air filters are estimated to grow at the highest rate ( CAGR of 13 %), during the forecast period . Applications consist of commercial , residential , & industrial . Industrial is further divided into bio-filtration , oil / water separation , hot gas filtration , and others .
In 2015 , ceramic filters were maximally used in residential applications . Residences contributed over 40 % to the market revenues that year . Accelerated industrialization in emergent countries like Indonesia , India , and China could boost industrial applications . This segment should grow the fastest ( 13 % CAGR ) till 2024 .
Regional segments encompass North America , Europe , Asia Pacific , Middle East & Africa ( MEA ), and Central & South America ( CSA ). Asia Pacific garnered highest earnings in 2015 . Escalating need for potable water and rising focus on safeguarding the environment are the main regional drivers . MEA is likely to grow substantially ( 15.6 %) in the seven years ahead . Petrochemical industries in Qatar and Saudi Arabia generate most of the regional demand .
The worldwide ceramic filters market is greatly fragmented . Leading market players are Ceramic Filters Company Inc ., Doulton Ceramics , Anguil Environmental Systems Inc ., and Unifrax I LLC . Research & development , and partnerships are the main strategies for expanding manufacturing capacity and product portfolio .
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