The global ceramic membrane market was valued at US$ 4,127.3 million in 2018, according to Ceramic Membrane Market Report, by Material (Alumina, Zirconium Oxide, Titania, and Others), by Application (Water and Wastewater Treatment, Pharmaceuticals, Food and Beverage, Chemical Processing, Biotechnology, and Others), by Technology (Ultrafiltration, Microfiltration, Nano-filtration, and Others), and by Region (North America, South America, Asia Pacific, Europe, and Middle East & Africa) published by Coherent Market Insights.
The global ceramic membrane market is projected to reach US$ 10,893.5 million by 2027, exhibiting a CAGR of 11.3% during the forecast period (2019-2027). Increasing demand for ceramic membrane in the water and wastewater treatment, pharmaceuticals, food and beverage, chemical processing, biotechnology industries is expected to boost growth of the ceramic membrane market over the forecast period.
Furthermore, rising demand for water treatment is the main driver for the global ceramic membrane industry. The technology related to ceramic membranes is widely accepted for producing purified water from wells, surface water, seawater and brackish water. They are used in wastewater treatment and industrial processes. In biotechnology, ceramic membranes are gaining popularity due to high flux rate, high durability, bacteria resistance, and long life compared to polymeric membranes. Owing to these factors, biotechnology segment is expected to indicate considerable growth in the global ceramic membrane market during the forecast period.
The industrial and economic growth has brought about a quantitative as well as a qualitative growth in the generation of different types of waste including industrial, urban, construction, etc. The waste can be converted into a source which contributes to investment in raw materials, promotes sustainable expansion and savings of natural resources and the climate. The low cost stable ceramic membrane production from industrial wastes or available low cost materials will decrease the membrane price while maintaining its fine performance and properties.
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