April 21, 2020
According to the research report titled ‘Hollow Fiber Membranes Market Size By Filtration Type, By Membrane Material, By End-User, Regional Outlook,Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2025’, available with Market Study Report LLC, worldwide hollow fiber membranes market is expected to surpass USD 6 billion by the year 2025.
Growing adoption of enhanced water treatment solutions coupled with booming population are prime factors fostering the demand for hollow fiber membranes across the globe. The product is used in microfiltration and ultrafiltration applications. An upsurge in demand for large quantities of water in industries, food & beverage and pharmaceutical sectors along with scarcity of water resources are further fueling the market expansion.
Hollow fiber membranes are used in food industry to perform fractionation, separation, concentration and clarification. Other applications which use of hollow fiber membranes include syrup production, juice processing, and animal products.
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Alternatively, medicine applications of hollow fiber membranes include gas separation, pervaporation wastewater reclamation and desalination of water. The product is utilized in equipment for hemodialysis, oxygenation of blood, hemofiltration and plasmapheresis. Additionally, rising R&D activities for its use in detoxification of liver is also stimulating the industry outlook. However, issues associated with hollow fiber membranes such as irreversible fouling and breakage may hinder the market growth.
As per filtration type, microfiltration segment is expected to register significant growth in the ensuing years. This low pressure filtration technology is extensively used for food processing applications since it helps in removing large constituents from fluid stream through size exclusion.
Considering the geographical landscape, Asia-Pacific hollow fiber membranes market is presumed to expand substantially during the estimated timespan. Growing food processing industry in China, Thailand, Singapore and India along with increasing water conservation & processing activities are promoting the business scenario in APAC.
The prominent companies operating in the hollow fiber membranes industry are Lenntech, Evonik, LG Chem and DowDuPont among others.
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