As cited by the research report titled ‘Global Ceramic Filter Market Size study, by Product Type (Ceramic water filter and Ceramic air filter), by Application (Residential, Commercial and Industrial), and Regional Forecasts 2021-2027’, available with MarketStudyReport, global ceramic filter market was worth USD 1.58 billion in 2020 and is projected to grow with a CAGR of 13.5% to accumulate USD 3.83 billion over 2021-2027.
 

Increasing water contamination levels and growing prevalence of associated diseases are primarily driving global ceramic filter market growth. As per the World Health Organization, contaminated drinking water is estimated to cause 4,85,000 diarrheal deaths every year.
 

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For the record, ceramic filter is a water filtration system that filters sediment and bacteria from drinking water through tiny pores that are present on the ceramic surface. It is affordable and can be installed in households as they are easy to be used as a portable filtration device.
 

Moreover, growing population, increasing technology advancements, and rising investments in water filtration programs are generating lucrative opportunities for the market growth.
 

Favorable government initiatives for creating awareness regarding water sanitation is also a significant factor augmenting the market development. For instance, Government of India every year conducts Swachh Survekshan, which is a survey of cleanliness, hygiene and sanitation in towns and cities across the country.
 

Speaking of the negatives, fluctuating raw material prices and high cost of the product are likely to hinder market progression over the projected timeline.
 

The report offers detailed information on the market segmentation, providing a clear understanding of strong revenue prospects in the industry to assist the stakeholders in making informed decisions. Based on product type, global ceramic filter industry is segmented into ceramic water filter and ceramic air filter. Considering application ambit, the marketplace is categorized into commercial, residential, and industrial.
 

The geographical analysis of the worldwide ceramic filter industry is studied for the major regions like North America, Asia Pacific, Europe, Latin America, and the rest of the world.
 

Experts cite that the rest of the world will provide lucrative revenue generating opportunities for the market contenders in the ensuing years. Increasing petrochemical investments, growing demand for safe & clean water as well as wastewater treatment projects, and rising disposable incomes are stimulating the product demand in rest of the world.
 

Prominent players influencing the industry trends are Unifrax I LLC, Haldor Topsoe A/S, CFF GmbH & Co. KG, Eastman Chemical Company, Doulton Water Filters, Corning Incorporated, Fulida Group Holding Co. Ltd, Grasim Industries Limited, Kelheim Fibers GmbH, and Lenzing AG.