Hollow Fiber Membrane Market Growth Analysis | 2023-2028

Market Insights

The hollow fiber membrane market was estimated at USD 10 billion in 2022 and is likely to grow at a CAGR of 9.5% during 2023-2028 to reach USD 17.28 billion in 2028.

Want to know more about the market scope? Register Here

What is a hollow fiber membrane?

A hollow fiber membrane is basically a class of artificial membrane that contains a semi-permeable barrier in a hollow fiber form, and it also has features, such as a compact design and a high degree of flexibility.

Market Dynamics

The major factors driving the growth of the hollow fiber membrane market are-

• Technological enhancements in the wastewater management field across developed countries.
• Increasing awareness regarding proper water management.
• Growing product demand in the food & beverage industry.

Want to have a closer look at this market report? Click Here.

Segment Analysis

By Filtration Type

Based on the filtration type, the market is segmented as microfiltration, ultrafiltration, and reverse osmosis. Microfiltration is estimated to be the dominant filtration type over the forecast period owing to its excellent capacity to remove harmful species and high utilization in various industries including portable water treatment, food & beverages processing, dairy processing plants, etc.

By Membrane Type

Based on the membrane type, the market is segmented as polymer and ceramic. The polymer membrane type is estimated to account for the larger share of the market owing to its easy availability and low production cost. This membrane type is easy to manufacture, consumes low amount of energy & chemicals during processing, owns high removal capabilities, and also has high permeability coupled with better mechanical strength, fueling the segment’s growth during the forecast period.

By End-User Type

Based on the end-user type, the market is segmented as water & wastewater treatment, food & beverages, biotechnology, pharmaceuticals & chemicals, and others. Water & wastewater treatment is estimated to witness significant growth during the forecast period. The segment’s growth is owing to the growing number of wastewater treatment facilities globally. This treatment helps in cleaning harsh chemicals & contaminants from wastewater, boosting the segment’s growth in the market during the forecast period.

Regional Insights

In terms of regions, Asia-Pacific is estimated to account for the major share of the market with China being the major country with lucrative growth opportunities during the forecast period. Growing investments in the region from key players across the globe are enhancing the wastewater treatment facilities, gradually meeting the domestic consumption, and accelerating the growth of the market over the forecast period. North America and Europe are also expected to offer substantial growth opportunities in the market during the forecast period.

Know the high-growth countries in this report. Register Here

Critical Questions Answered in the Report

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors? 

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The hollow fiber membrane market is segmented into the following categories.

By Filtration Type

• Microfiltration
• Ultrafiltration
• Reverse Osmosis

By Membrane Type

• Polymer
• Ceramic

By End-User Type

• Water & Wastewater Treatment
• Food & Beverages
• Biotechnology
• Pharmaceuticals & Chemicals
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Click Here, to learn the market segmentation details.

Key Players

Some of the key players in the market are-

• Asahi Kasei Corporation
• DuPont de Nemours, Inc.
• LG Chem Ltd.
• Mitsubishi Chemical Corporation
• Pentair, Inc.
• Polymem France
• Spintek Filtration, Inc.
• Synder, Inc.
• Toray Industries, Inc.
• Toyobo Co., Ltd

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the filtration types by end-user type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.