Hollow Fibres Membrane Market Size, Growth, Industry Share, Global Demand and Forecast to 2026

(The Express Wire via Comtex)

The global hollow fibres membrane market is expected to gain momentum from its ability to provide cost-effective solutions for filtering large volumes of water flows.

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This information is given byFortune Business Insights™in an upcoming report, titled, “Hollow Fibres Membrane Market Size, Share and Industry Analysis, By Filtration Type (Microfiltration, Ultrafiltration), By Application (Beer and Wine, Processing Dairy Products, Sterilizing Beverages, Pharmaceuticals), By Membrane material (Polymer, Ceramics) Others and Regional Forecast, 2019-2026.” The report further mentions that hollow fibres membranes are available in various shapes and sizes. This makes them useful for a large number of applications, such as removing pathogens from milk, treating waste water, sterilizing beverages, processing dairy products, as well as separating water and oil emulsions. Besides, they are adopted extensively by the pharmaceutical and beer and wine industries.

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Highlights of This Report:

  • In-depth information about the market dynamics, growth drivers, and obstacles.
  • Elaborate details about all the segments.
  • The upcoming, present, and historical sizes of the market.
  • Profiles of the renowned producers of hollow fibres membrane present in the market.
  • Analysis of the competitive landscape consisting of investments, mergers and acquisitions, research and development activities, strategic partnerships, innovative product launches, and agreements.

Drivers and Restraints-

High Demand from Water and Wastewater Treatment Industry to Propel Growth

The rising demand for hollow fibres membranes from the the water and wastewater treatment industry is one of the major factors that is expected to boost the growth of the market. The wastewater collected from the sewers is sent directly to the treatment plant. This water passes through ceramic hollow fibres membranes and only then it can be considered ideal for reuse. Also, the newly treated water can be drained easily into the seas without polluting them. Therefore, the production of ceramic hollow fibres membrane is increasing worldwide. But, the manufacturing of these products is an expensive process. It may hamper the hollow fibres membrane market growth in the coming years.

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Regional Analysis-

Asia Pacific to Remain at the Forefront Stoked by Rising Number of Food and Beverage Companies

In terms of geography, the market is segregated into the Middle East and Africa, Asia Pacific, Europe, Latin America, and North America. Out of these, Asia Pacific is expected to dominate throughout the forthcoming years by generating the largest hollow fibres membrane market share. This growth is attributable to the presence of a large number of food and beverage companies in the countries, such as Singapore, Thailand, Malaysia, India, and China.

North America, on the other hand, is anticipated to showcase moderate growth in the near future fueled by the increasing demand for sewage and recycling treatment services. The Middle East would exhibit a considerable share because of the major contributions of the U.A.E. and Saudi Arabia. Hollow fibres membrane is used extensively in the well-established biopharmaceutical industry of these countries.

Competitive Landscape-

Key Players Engage in Acquisitions and Joint Ventures to Strengthen Their Positions

The market includes numerous big, medium, and small enterprises that are striving persistently to strengthen their positions worldwide. To do so, some of the renowned enterprises are focusing on acquiring the local start-ups, while the others are adopting the strategy of joint ventures. Below are two of the latest industry developments:

  • November 2019: Eco-Tec Inc., a water treatment supplier based in Canada, was acquired by Koch Membrane Systems (KMS). This acquisition would help KMS in broadening its existing product offerings by bringing in the former’s proprietary ion exchange-based solutions. These solutions will be delivered to a wide range of industries, such as amine and water purification, biogas treatment, electroplating, hydrometallurgy, and chemical recovery.
  • July 2018: Sumitomo Corporation, GC, and Kuraray joined hands to develop a new company named Kuraray GC Advanced Materials Co., Ltd. It was recently inaugurated in Thailand. This joint venture was undertaken to broaden GC’s presence in the electrical and electronics (EandE), as well as automotive sectors. It would also help the company to provide specialty chemicals to a large consumer bases.

Fortune Business Insights™ provides a list of all the hollow fibres membrane manufacturers operating in the global market. They are as follows:

  • Kuraray
  • Polymem France
  • Toray
  • Koch Membranes
  • Microdyn Nadir
  • Pentair
  • Synder Filtration, Inc.
  • Toyobo
  • Lenntech
  • Asahi Kasei
  • DowDuPont
  • Other reputed companies

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Press Release Distributed by The Express Wire

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