According to the recent study the hollow fiber membrane market is projected to reach an estimated $13.4 billion by 2028 from $9.1 billion in 2023, at a CAGR of 8.1% from 2023 to 2028. Growth in this market is primarily driven by expanding the use of hollow membranes in wastewater management field, food & beverage, and pharmaceutical industries to filter particles based on size and increasing government regulations to regulate industrial emissions.
A more than 150–page
report is developed to understand trends, opportunities and forecast in hollow
fiber membrane market by filtration type (microfiltration, ultrafiltration, and
reverse osmosis), membrane material (polymer and ceramic), end use industry
(water & wastewater treatment, food & beverages, biotechnology,
pharmaceuticals & chemicals, and others), and region.
“Microfiltration market is expected to remain the largest segment
during the forecast period.”
Based on filtration type,
the hollow fiber membrane market is segmented into microfiltration,
ultrafiltration, and reverse osmosis. Lucintel forecasts that the microfiltration
market is expected to remain the largest segment due to the considerable usage
of these filters to eliminate unsafe species in a variety of industries,
including dairy processing plants, food and beverage processing, and portable
water treatment.
“Within the hollow fiber membrane market, the water &
wastewater treatment segment is expected to remain the largest end use industry.”
Based on end use
industry the water & wastewater treatment segment is expected to witness
the highest growth over the forecast period due to the significant usage of
hollow fibre membranes for cleaning water pollutants and strong chemicals from
these water.
“Asia pacific will dominate the hollow fiber membrane market in
near future.”
APAC will remain the
largest region due to the existence of market leaders and increasing number of
wastewater treatment plants to meet the demand from households in the region.
Major players of hollow
fiber membrane market are adopting various growth strategies like new product
launches, expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. Asahi Kasei, DuPont de
Nemours, LG Chem, Mitsubishi Chemical, and Pentair are among the major hollow
fiber membrane providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal, ZACKS,
and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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