The Hollow Fiber Membrane Market is expected to grow at > 9.0% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Hollow Fiber Membrane Market
Hollow Fiber Membrane Market is likely to witness a CAGR of 9.0% during the forecast period. Major factors such as technological enhancements in wastewater management field across developed countries, increasing awareness regarding proper water management, and growing product demand in the food & beverage industry are expected to boost the growth of the hollow fiber membrane market during the forecast period.
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, 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.
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Market Scope & Market Segmentation
Hollow Fiber Membrane Market Share: 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 of removing harmful species and high utilization in various industries including portable water treatment, food & beverages processing, dairy processing plant, etc.
Hollow Fiber Membrane Market Share: 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 & chemical 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.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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