Global Ceramic Membrane Market to Surpass US$ 10,893.5 Million by 2027 – Coherent Market Insights
SEATTLE--(BUSINESS WIRE)--May 14, 2019--
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:
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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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SOURCE: Coherent Market Insights
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PUB: 05/14/2019 08:30 AM/DISC: 05/14/2019 08:31 AM