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Global Foam Ceramic Filter Market InsightMarch 17, 2022 Comments
Global foam ceramic filter are forecast to 5.01% over the next five years. According to the WK-chem Research, “Global Foam Ceramic Filter Professional Survey Report 2022, Forecast to 2027”, many government programs are promoting a move away from fossil fuels owing to the various environmental concerns. Owing to the above-mentioned factors, the market for ceramic foams is likely to grow during the forecast period. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 5.01% base on WK-chem Research regression analysis model.
“Furthermore, Government initiatives to encourage sustainable development are also playing a pivotal role in the development of the market. Furthermore, technological advancements such as the implementation of nanotechnology infiltration processes and bio-ceramic filtration are estimated to boost product demand”, said Patrick Thomas, Data Analyst, in WK-chem Research.
Increasing usage in the automotive industry propels market growth. There is a need to improve the efficiency of automobiles to address the functional requirement. An automotive in general consists of many components mainly exterior and interior mirrors, plastic components, fuel tanks, air ducts, de-aeration tanks, valve springs, and exhaust manifold. It is essential to increase the fuel efficiency of the vehicles by reducing emissions. Also, these emissions cause harm to the environment. Owing to this, exhaust filters are designed with ceramic foams to increase the efficiency of vehicles.
However, the high initial ceramic filter system cost is projected to inhibit the growth of the market. The high cost of the product is owing to the significant production cost of raw material such as ceramic, which is a high energy-intensive process that operates at extremely high temperatures. Furthermore, the production of raw material is impacted by volatile crude oil and gas prices that influence profit margins and operating expenditures, thereby restraining the demand for the product.
This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading foam ceramic filter companies that include: SELEE, LANIK, Vesuvius, Vertix, Drache, Protech Industries, Dynocast, Filtec, JiangXi JinTai, Galaxy Enterprise, Ferro-Term, Pyrotek, and Laxmi Allied Products.
Segmentation of Foam Ceramic Filter Market:
Based on Product, the market is bifurcated into Alumina Foam Ceramic Filters, SiC Foam Ceramic Filters, and Zirconia Foam Ceramic Filters. The SiC Foam Ceramic Filters segment holds the largest market share. Silicon carbide is a high-quality Advanced-grade ceramic used to manufacture foams. Properties such as high strength, low thermal expansion, excellent thermal shock resistance, high wear resistance, and high chemical resistance make silicon carbide a preferred material for ceramic foams in the iron casting application. Thus, these factors are expected to drive the consumption of silicon carbide-based ceramic foams in the future.
Based on Application, the market is bifurcated into Electronics, Pollution Control, and Chemical Industries, and Foundry. The foundry was the largest application segment of the Foam Ceramic Filter Market. The increase in the production of consumer electronics and automobiles as a result of rapidly evolving economies across the globe is expected to drive the growth of the foundry industry, thereby propelling the growth of the Foam Ceramic Filter Market.
Foam Ceramic Filter Market: Regional Analysis
In terms of geography, the global foam ceramic filter market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Asia Pacific was the largest market for Foam Ceramic Filter and this market in APAC is projected to grow at the highest CAGR during the forecast period. Building & construction activities have increased exponentially in the past decade due to favorable demographics and a wide-scale manufacturing base in the region. The growth in metal casting production, especially in India and China, has propelled the demand for ceramic foams in the region.
Largest share area：Asia Pacific
Largest share country：China
Product Type：Alumina Foam Ceramic Filters, SiC Foam Ceramic Filters, Zirconia Foam Ceramic Filters.
Application：Electronics, Pollution Control, and Chemical Industries, and Foundry.
Leading Company：SELEE, LANIK, Vesuvius, Vertix, Drache,