Advanced Materials
Ceramic Filters Market Size, Share, Industry Trends, Report – 2016 To 2024
Global ceramic filters market was valued near to USD 900 million in 2015. It is projected to grow at a CAGR of 13% from 2016 to 2024 (forecast period). This can be attributed to rising emphasis on environmental protection. Environmental agencies such as the EPA (Environmental Protection Agency), EEA (Energy & Environment Affairs), NSF (National Science Foundation), etc. have implemented various mandates pertaining to air emissions as well as water treatment/disposal. This would trigger demand for ceramic filters in the coming years.
Ceramic filters possess properties like chemical inertness, low operational costs, and extended life. They are well-suited for multiple applications across major end-users. However, they require huge capital investments. This, coupled with price volatility could hinder market growth.
For Market Research Report on “Ceramic Filters Market” Visit – https://www.hexaresearch.com/research-report/ceramic-filters-market
The global ceramics filters market is segmented into products, applications, and regions. Products are split into water filters and air filters. Ceramic water filters, with about 56% revenues, dominated in 2015. This is credited to directives that encourage industries to choose eco-friendly water treatment and water disposal processes.
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.
Flooring Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies, 2016 To 2024
The worldwide flooring market is projected to attain above USD 330 billion in revenue by 2024. Flooring with a durable nature will attract huge sales for the market over the forecast period (2016-2024). Demand for insulation will give it a much-needed boost. The market is expected to achieve a sales volume of 240 billion square feet, at a nearly 6% CAGR during the forecast period. It was reported to accumulate a demand of 161 billion sq ft in 2015.
Consumers have moved on from traditional flooring solutions to eco-friendly solutions like glass, cork, bamboo, linoleum, rubber, and polyester terephthalate (PET) berber. Changing consumer preferences in accordance with their lifestyle as well as demand for insulation will be the future drivers of the market.
For Market Research Report on “Flooring Market” Visit – https://www.hexaresearch.com/research-report/flooring-industry
The market is split by products, applications, and regions. Seamless flooring, soft coverings, resilient, and non-resilient floorings are products of the flooring market. Soft coverings comprising of rugs and carpets are also called as textile coverings. This segment had occupied almost half the market, dominating the market with over 35% demand shares in 2015.
Resilient flooring encompasses a mixture of fillers and binders. They are waterproof coverings available in vinyl, wood, rubber, cork, and linoleum. Nonresilient flooring is available in terrazzo stone, ceramic tile, brick, clay tile, and concrete tile. These floorings are low maintenance in nature and require only mopping and dusting.
Applications of the market involve commercial, industrial, and residential. Residential accounted for 50% market demand. This made it the largest application of the flooring market in 2015. This major share can be attributed to renovation and construction projects. Industrial applications encompass aviation hangars, automotive industry, refineries, and manufacturing plants. Education, sports, retail, healthcare, hospitality & leisure, and corporations constitute as commercial market applications.Regions covered under the market are Europe, North America, Asia-Pacific, and RoW (Rest of the World). Asia Pacific will lead the flooring market over the next six years owing to residential and non-residential construction projects. It accumulated over 45% market demand in 2015. Europe will enjoy a stable demand on account of providing innovative flooring solutions.
Regions covered under the market are Europe, North America, Asia-Pacific, and RoW (Rest of the World). Asia Pacific will lead the flooring market over the next six years owing to residential and non-residential construction projects. It accumulated over 45% market demand in 2015. Europe will enjoy a stable demand on account of providing innovative flooring solutions.
Reputed participants involved in the flooring market include Shaw Floors, Mannington Mills Inc., Gerflor, Armstrong, and Mohawk. The market is highly competitive in nature and driven by technological innovation.
Hexa Research 