SEATTLE--(BUSINESS WIRE)--The global ceramic membrane market was valued at US$ 4,127.3 million in 2018, and is projected to exhibit a CAGR of 11.3% over the forecast period (2019 – 2027), in terms of revenue.
Key Trends and Analysis of the Ceramic membrane Market:
The ceramic membrane market is expected to witness substantial growth over the forecast period. This is owing to increasing demand for ceramic membrane in various technologies such as ultrafiltration, microfiltration, nano-filtration, and others.
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The ceramic membranes finds application in drinking water treatment, and in an extensive range of industrial water treatments across the world compared to polymeric membranes. Ceramic membranes have abilities such as functioning at higher filtration fluxes, operating with more effective backwash operations using high pressures, operating at comprehensive backwash intervals, and having low chemical cleaning necessities, while experiencing long membrane life without rupture. Furthermore, ceramic membrane are economical than conventional polymeric membrane and they are widely used for water and wastewater applications.
Major players in the market are focused on adopting various business strategies to expand their product portfolio and enhance their market share. As part of its long-term strategy, Nanostone Water Inc. is engaged in developing solutions for Municipal and Industrial wastewater treatment. For instance, in July 2017, Ceramic Ultrafiltration Module of the company received National Sanitation Foundation (NSF)/ American National Standards Institute (ANSI) standard 61 and 372 certification.
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Key Market Takeaways:
- The global ceramic membrane market is expected to exhibit a CAGR of 11.3% during the forecast period in terms of revenue. The market growth is driven by increasing use of ceramic membranes in various applications such as water and wastewater treatment, pharmaceuticals, food and beverage, chemical processing, and others.
- Among regions, Asia Pacific is expected to witness major market share over the forecast period. The rising demand for water treatment is the main driver for Asia Pacific ceramic membrane industry. Technology related to ceramic membrane is widely accepted for producing purified water from well water, surface water, seawater, and brackish water. They are used in wastewater treatment and industrial processes.
- Some of the major players operating in the global ceramic membrane market include, TAMI Industries, Pall Corporation, A-tech Innovation GmbH, Hyflux Ltd., Jiangsu Jiuwu Hi-Tech Co. Ltd., Veolia Water Technologies, GEA Group, Nanostone Water Inc., LIQTECH A/S, Saint Gobain, Qua Group LLC., and Toray Industry Inc.
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