Ceramic Membrane Market Worth USD 5,1 Billion by 2020
The ceramic membrane market is projected to register a market size of USD 5,1 billion by 2020, signifying a firm annualized growth of 11,7 % between 2015–2020. The ceramic membranes market in Asia-Pacific is projected to register one of the highest growth rates mainly due to the presence of emerging economies, such as China, Japan, and India as well as emerging activities in the water and wastewater treatment, pharmaceuticals, food and beverage, and biotechnology sectors. Asia-Pacific is the largest market for ceramic membranes with a share of more than 35 % of the global market in terms of value in 2014, which was majorly contributed by China. China is the fastest-growing market for ceramic membranes in the region owing to growing population, favourable investment policies, and government initiatives to promote industrial growth. Increasing consumption of ceramic membranes technologies, such as ultrafiltration, microfiltration, nanofiltration, and others has been observed in Asia-Pacific owing to continuous industrialization and growth in the manufacturing sector. The nanofiltration technology segment is the fastest-growing technology segment of ceramic membranes market. Asia-Pacific is currently the largest consumers of nanofiltration ceramic membranes technology. This technology segment accounted for a share of around 9 % of the total ceramic membranes market in 2014. Nanofiltration technology is used in liquid phase membrane separation processes for separation of natural organic and inorganic substances. Its water softening ability, recycling, sterilization, and stability in very high or low pH environments makes it a suitable technology for various application industries, such as water and wastewater treatment, food and beverages, biotechnology, and pharmaceuticals. These features make this technology a feasible option in comparison with other ceramic membrane technologies. The water and wastewater treatment is the largest application industry of ceramic membranes and this trend is projected to continue in the near future due to the increasing issues of water scarcity, growing demand of quality water, and water desalination processes. Asia-Pacific is the largest market for water and wastewater treatment industry. This application segment accounted for a share of around 55 % of the total ceramic membrane market in 2014. Food and beverages is projected to be the fastest-growing application segment, followed by biotechnology, between 2015–2020. Major players such as Jiangsu Jiuwu Hi-Tech Co., Ltd./CN and Metawater Co., Ltd./JP have adopted the development strategies of expansions, partnerships, and product developments to achieve growth in the ceramic membranes market.