The porous ceramics industry share is predicted to be worth USD 4,084.5 million in 2023 and rise to USD 7,812.3 million by 2033. Demand was initially expanding at a market CAGR of 4.5% between 2018 and 2022.
Demand for porous ceramic filtration products is anticipated to rise as a result of the industrial sector’s use of filtration and separation technologies. However, the high cost of manufacturing is due to high capital expenditure and the price of raw materials, which impedes the global market.
It is projected that the considerable rise in global population raises the demand for goods that lead to better production efficiency. These goods include:
- Infrastructure
- Food and beverage items
- Industrial goods.
According to FMI, this is likely to make it more necessary to use filtering and separation technologies, which benefit the sales of porous ceramics.
Key Takeaways in Porous Ceramics Market Research Report:
- By 2033, the porous ceramics market in the United Kingdom is likely to expand, with a CAGR of 6.3%.
- In 2023, the United States is expected to develop in the porous ceramics sector, with a share of 28.4%.
- The porous ceramics market was significantly expanding, with a size of USD 3,897.4 million in 2022.
- By 2033, the porous ceramics sector in China is likely to dominate the Asia Pacific region, with a CAGR of 7.4%.
- In 2023, Germany is anticipated to expand significantly in the porous ceramics business, with an expected share of 7.5%.
- The porous ceramics sector is expected to develop at a USD 4,961.2 million valuation by 2026, due to the wide range of applications.
- By 2033, India is projected to expand significantly in the porous ceramics market, with a share of 7.9%.
- Japan’s porous ceramics industry share is expected to expand significantly, with a 6.9% share in 2023.
- In 2023, ceramic foam is likely to hold a top spot in the market with a share of 47%. It is expected to dominate the market by 2033 owing to the variety of applications in the end-user industry.
- Based on the end-user industry, the chemical sector is expected to dominate the market with a share of 42.3% in 2023.
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Adapting the Changing Competitive Landscape
The key market participants are vying with one another based on product quality and price. The primary goal is to broaden the product’s application potential in industries like oil and gas, aerospace, and mining.
Porous ceramics businesses are spending a lot of money on research and development to create goods with higher durability. Products made of porous ceramic are in greater demand, which has prompted their manufacturers to release new ones.
Recent Developments in the porous ceramics Sector
- Mott Corporation, a United States-based provider of precision filtration, purchased Asco Filtri S.p.A. in January 2022. To handle international projects and supply mission-critical filtration products, Mott Corporation now has a stronger presence in North America, Europe, South America, the Middle East, Africa, and Asia as a result of the purchase of Asco.
- CeramTec introduced porous ceramic membranes for cross-flow membrane filtration in August 2021. These multi-channel tubes are composed of alumina and are utilized in the biotechnology and pharmaceutical sectors, among others for micro, ultra, and nanofiltration.
The Top Key Players are:
- Saint-Gobain S.A.
- Porvair Plc
- 3M Company
- Johns Manville
Key Segments in the Porous Ceramics Market:
By Product Type:
- Ceramic Honeycombs
- Ceramic Foam
- Ceramic Membranes
- Others
By End Use:
- Chemical
- Oil & Gas
- Environmental
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa (MEA)
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