Selbyville, Delaware, Feb. 20, 2019 (GLOBE NEWSWIRE) --
The Hollow Fiber Membranes Market revenue is set to rise from USD 3.25 billion in 2018 to around USD 6.14 billion by 2025, according to a 2019 Global Market Insights, Inc. report. Rising population need of fresh and high-quality water in end use industries such as pharmaceuticals, biotechnology, food & beverage along with rising regulations regarding water conservation and improving process efficiencies will primarily drive the hollow fiber membranes market till 2025.
Hollow fiber membranes are type of artificial membranes made from polymers and ceramic which contain semi-permeable barrier in form of hollow fiber. This fiber membranes are made from various materials, majorly PVDF, PTFE, polyimides, polyether sulfones, cellulose tri acetate, polyacrylonitrile and ceramics and cater to wide range of microfiltration and ultrafiltration requirements. This report focusses on the hollow fiber membrane modules which are supplied in different sizes and dimensions to wide range of industries such as food & beverage which consists of juice processing, beer production, dairy & cheese, grain products, plant extract products, syrup production, fish & seafood products, animal products among others.
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Hollow fiber membranes also find wide applications in pharmaceuticals and biotechnology applications such as recovery of chemicals derived from fermentation process, distillery products among others. These membranes also find wide applications in fine chemicals processing, pigments and dyes industries, soda treatment plants, waste water treatment in textile, wood and other allied industries. Water & waste water treatment is the largest and fastest growing end user of hollow fiber membranes market constituting about 46% share in 2017 and forecast to be growing at a healthy CAGR of almost 9% globally driven rise in desalination plants, improved demand of food & beverages, constant innovation in bio technology processes and rising population.
Hollow fiber membrane technology is gaining quick acceptance globally as it caters to wide range of applications in food, pharma, dairy, biotech, chemicals and sweeteners and other allied industries. Membrane technology can produce very specific separations at ambient or low temperatures without any phase change which makes it a cost-effective solution than conventional methods such as rotary vacuum filtrations. This filtration process is pressure driven technology with pores ranging from 100 molecular weight to about 5 microns. The various technologies include in this type of membrane filtration are microfiltration, ultrafiltration & reverse osmosis. Microfiltration (MF) is a low-pressure filtration technology which is used for separating large molecular weight suspended compounds from dissolved solids. It is used in water treatment, dairy & milk product industry, cell harvesting & syrup industries, beer & wine processing industries. Ultrafiltration (UF) is used in handling low molecular weight compounds such as salts, minerals etc. UF finds application in industrial waste water treatment, municipal, food & beverages, paper & pulp manufacturing, oil & gas among others, Reverse osmosis (RO) process is a high-pressure energy efficient process used in handling drinking water. Rise in demand of fresh drinking water, ever growing population, increased government regulations will drive the demand of hollow fiber membranes market.
Browse key industry insights spread across 140 pages with 126 market data tables & 23 figures & charts from the report, “Hollow Fiber Membranes Market Size, By Filtration Type (Microfiltration, Ultrafiltration, Reverse Osmosis), By Membrane Material (Polymer, Ceramic), By End-User (Water & Waste Water Treatment, Food & Beverages, Biotechnology, Pharmaceuticals & Chemicals), Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, South Korea, Malaysia, Brazil, Mexico, South Africa, Saudi Arabia, UAE),Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/hollow-fiber-membranes-market
However, use of other methods of membranes filtration such as plate & frame, spiral wound and tubular forms for same end use applications are some of the factors that can restraint the market from its full growth.
Hollow fiber membrane filtration is a cost-effective technology to filter large volumes. These fibers made from various polymers and ceramics can be manufactured in different diameters and sizes depending upon applications. They offer high versatility in handling clean ground water to very polluted waste water. The fiber materials used generally depend upon the end user application. Polymer constitutes about 85-90% of the total market while rest consists of ceramic. Ceramic membranes are used when polymers can no longer fit to the applications especially in biotech & pharmaceuticals.
The hollow fiber membranes market is highly fragmented by number of small- & large-scale manufacturers. Among them, Polymem is a global leader in membranes and modules made from hollow fiber. Polymem along with Arkema has developed a PVDF membrane which caters to wide range of challenging applications. Other major players include Toyobo Japan, Pent Air, Kolon Industries, Asahi Kasei, Atec Innovations GmbH, Evonik Industries, Toray, Dow-Dupont, Koch Membranes among others.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.