Published on : Apr 30, 2018
Albany, New York, April 30, 2018: Hollow fibers are one of the emerging technologies that had a new growth spurt during the past decades. Market Research Hub (MRH) has freshly publicized a study titled “Hollow Fiber Ceramic Membrane Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2025” to its vast archive, which focuses on deep analysis of the latest trends in the hollow fiber ceramic membrane and market expansion traits. Additionally, this intelligent study also covers the geographical segmentation which analyzes the scope of the market in different regions including North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Moreover, the report provides qualitative and quantitative analysis of the market, in which market dynamics, trends, product summary, and country-level information are covered.
According to the research prime findings, the hollow fiber ceramic membrane market was valued at about US$ 99 Mn in 2016 and is projected to expand at a remarkable CAGR of 11% during the forecast period.
Market Overview and Factors Fueling Growth
Hollow fiber ceramic membranes are made of pure ceramic materials. These membranes have the ability to report tough separation and filtration challenges in numerous industries such as water, chemical, oil, food, beverage, and gas. As per the active research findings, increased utilization of hollow fiber membranes by municipalities and declining membrane cost and installation expenses are likely to augment the market in the near future.
In order to provide a comprehensive view, the report offers brief segmental analysis of the global hollow fiber ceramic membrane market which helps readers to grasp information on the basis its regional expansion, applications, and end-use. In terms of end-user, the hollow fiber ceramic membrane market can be classified into biotechnology, chemical processing, water & wastewater processing, pharmaceuticals, and food & beverage processing. By application, the market can be divided into ultrafiltration, microfiltration, and nanofiltration. Of these, the nanofiltration segment is anticipated to expand at a significant CAGR of over 13.0% during the forecast period, owing to the boom in the water & waste water processing & pharmaceutical industries.
It has been studied that demand for high quality treated water from municipalities is rising at a steady pace which as a result driving the need for hollow fiber ceramic membrane. HFCMs are ideal for use when smaller spaces are available and the need for high quality treated water fit for reuse is high. Therefore, the water & wastewater processing segment of the market has extended significantly during the past decade. Geographically, the market in the APAC region is anticipated to be fueled during the forecast period owing to increased awareness of membrane system and large customer base in emerging countries.
In the end, the research includes a section of a competitive landscape featuring some of the top companies, their products and business strategies. At present, significant players operating in the hollow fiber ceramic membrane market include MICRODYN-NADIR GmbH, Qua Water Technologies Private Limited, Media and Process Technology Inc., Ceraflo Pte Limited, Atech Innovations GmbH, CoorsTek, Inc., Nanostone Water, Inc., Koch Membrane Systems, Inc., TAMI Industries., and i2M LLC.
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