Global Ceramic Membrane Market By Material, Application, Technology with Forecast to 2026
Global Ceramic Membrane Market Size study, by Material (Alumina, Zirconium Oxide, Titania, Other Materials), By Application (Water and Wastewater Treatment, Pharmaceuticals, Food & Beverage, Chemical Processing, Biotechnology, Other Applications), By Technology (Ultrafiltration, Microfiltration, Nanofiltration, Others) and Regional Forecasts 2019-2026
Global Ceramic Membrane Market is valued approximately USD 4.1 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 11% over the forecast period 2019-2026. Ceramic membranes are artificial membranes produced from inorganic constituents such as alumina, silica, Titania, zirconia and others. Due to properties such as chemical and mechanical resistance, operating at comprehensive backwash intervals, having low chemical cleaning necessities, high purity components of ceramic membranes are appropriate for industrial applications. For instance, these ceramic membranes are frequently used in waterproofing applications wherein usage of polymeric membranes is not economical or possible.
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Wastewater purification is the key application industry of ceramic membranes. The growth of the end-use industries that utilize ceramic membranes for filtration processes will largely support the ceramic membrane market. Furthermore, increasing need for quality water and need for high purity components are further contributing towards market growth. Due to the growing demand for potable water, concerns about water scarcity and water desalination processes are expected to rise over the forecast period. Growing demand for ceramic membranes in emerging economies is expected to create significant growth opportunities in the market over the forecast period. However, high capital costs impede the growth of the market over the forecast period of 2019-2026.
The regional analysis of global Ceramic Membrane market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading region across the world in terms of market share owing to government initiatives and favorable policies to promote industrial growth coupled with continues growth in manufacturing sectors. Whereas, North America is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as increasing demand for pure and high-quality clean water would create lucrative growth prospects for the Ceramic Membrane market across North America region.
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Last Update : Aug 01, 2020
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