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Hollow Fiber Membrane Market Size

  • Report ID: GMI3118
  • Published Date: Dec 2020
  • Report Format: PDF
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Hollow Fiber Membrane Market Size

Hollow Fiber Membrane Market size was valued at USD 9.43 billion in 2019 and is estimated to exhibit 9.4% CAGR from 2020 to 2026. Technological advancements in the field of wastewater management across developed countries will increase the product penetration in membranes industry by 2026.

 

Hollow fiber membrane (HFM) has compact design and high degree of flexibility. HFMs are gaining substantial attention from wastewater treatment facilities, biotech applications, and food & beverage processing plants. Contamination of drinking water across the world has mandated the establishment of waste treatment facilities in former times. Many companies are investing in building infrastructure for waste treatment to increase their presence in the sector.

 

Hollow Fiber Membrane Market Outlook
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In November 2020, Binh Duong Water and The Asian Development Bank entered into strategic lending agreement to expand the Tan Hiep Water Treatment Plant based in Vietnam with an investment of USD 8 million. This expansion project is expected to meet the rising water need in the industrial and residential sectors in Tan Uyen Town, Ben Cat town, Thu Dau Mot city and Binh Duong new city, of Binh Duong province. Such trends are expected to propel the hollow fiber membrane market growth from 2020 to 2026.

 

Hollow Fiber Membrane Market Report Attributes
Report Attribute Details
Base Year:2019
Hollow Fiber Membrane Market Size in 2019:9,431.5 Million (USD)
Forecast Period:2020 to 2026
Forecast Period 2020 to 2026 CAGR:9.4%
2026 Value Projection:16,944.7 Million (USD)
Historical Data for:2016 to 2019
No. of Pages:180
Tables, Charts & Figures:159
Segments covered:Filtration Type, Membrane Material, End-user and Region
Growth Drivers:
  • Swelling awareness towards proper water management
  • Increasing product demand in food & beverage industry
Pitfalls & Challenges:
  • Development of new technologies for wastewater treatment
  • Highly fragmented and disorganized market
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Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

The global market for hollow fiber membrane was over USD 9.43 billion in 2019 and could witness around 9.4% CAGR through 2026 with developments in wastewater management.

The market share from microfiltration segment had reached over USD 4.5 billion in 2019 and will grow due to increased use in areas like dairy processing plants, portable water treatment, among others.

Polymeric materials accounted for more than 90% share in 2019 as they consumer lower energy and chemicals while processing and have high removal capabilities.

More than 45% of hollow fiber membrane demand was held by the water & wastewater treatment segment in 2019 with the rising need for cleaning harsh chemicals and contaminants.

APAC region accounted for over 45% of global hollow fiber membrane industry share in 2019 with increase in investments towards improving wastewater treatment facilities and growth of domestic suppliers.

Hollow Fiber Membrane Market Scope

  • Hollow Fiber Membrane Market Size
  • Hollow Fiber Membrane Market Analysis
  • Hollow Fiber Membrane Market Share

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    • Base Year: 2019
    • Companies covered: 15
    • Tables & Figures: 159
    • Countries covered: 19
    • Pages: 180
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