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. This information is given by Fortune Business Insights™ in an upcoming report, titled, “Hollow Fibres Membrane Market Size, Share & Industry Analysis, By Filtration Type (Microfiltration, Ultrafiltration), By Application (Beer & Wine, Processing Dairy Products, Sterilizing Beverages, Pharmaceuticals), By Membrane material (Polymer, Ceramics) Others and Regional Forecast, 2025-2032.” 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 & wine industries.
Presence of different shapes and sizes help these membrane to find applications in industries like as beer & wine, processing dairy products, sterilizing beverages, Pharmaceuticals, separating oil & water emulsions, treating waste water, removing pathogens from milk and others. The increase in demand for hollow fiber membranes in water & wastewater treatment is responsible to drive the growth of this market. The wastewater collected from sewers is sent to a wastewater treatment the water is reused.
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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
Drivers & Restraints-
High Demand from Water & Wastewater Treatment Industry to Propel Growth
The rising demand for hollow fibres membranes from the the water & 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.
Regional Analysis-
Asia Pacific to Remain at the Forefront Stoked by Rising Number of Food & 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 & 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.
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 & acquisitions, research and development activities, strategic partnerships, innovative product launches, and agreements.
Information Source: https://www.fortunebusinessinsights.com/hollow-fibres-membrane-market-102348
Competitive Landscape-
Key Players Engage in Acquisitions & 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:
On July 11, 2018, Kuraray, GC, and Sumitomo Corporation Holds has come up with joint venture company namely Kuraray GC Advanced Materials Co., Ltd.in Thailand. The intention behind the joint venture was to expand their business in petrochemical as GC being a leader of petrochemical businesses, including manufacturing and distribution of all petrochemical products and Sumitomo which is a Global Trading Company and has strong business ground in Thailand and Southeast Asia.
On Nov 2019, Koch Membrane Systems (KMS) announced an acquisition of Eco-Tec Inc., an ion exchange company based in Pickering, Canada. It was announced that KMS will be changing its name to Koch Separation Solutions (KSS). This acquisition was done to provide proprietary ion exchange-based solutions for a wide range of industries, including chemical recovery and purification, hydrometallurgy, electroplating, biogas treatment, produced water, and amine purification.