Hollow Fiber Membranes Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Global Hollow Fiber Membranes Market: Snapshot
The rising use of membrane microfiltration for the production of wine, beer, and dairy products is fueling demand in the hollow fiber membranes market. These membranes also find application in water treatment, and this factor is fueling demand in the hollow fiber membranes market. Membranes may be used at high temperatures, and this factor is increasing the application of membranes microfiltration across different industries.
There is a wide variety of factors such as increasing biologics research, rapid growth in the biologics market, and prominent rise in the biopharmaceutical industry that are responsible to create growth avenues in the hollow fiber membranes market.
The hollow fiber membranes market is also growing with an increased rate of investment in cell-based research. In addition, the increasing preference for constant manufacturing is also creating demand avenues in the hollow fiber membranes market. Further, the rising demand for biopharmaceuticals is also bolstering growth in the market.
There are a few factors that may curtail the growth opportunities in the hollow fiber membranes market. These factors include a strict regulatory policy to ensure the safety of the drug and the slow speed of adoption of different advanced technologies for the manufacturing of biopharmaceuticals.
The market of hollow fiber membranes is operating at different locations across the globe such as North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Among these key regions, the Asia Pacific region is anticipated to hold a prominent position in the market. This dominance of the Asia Pacific region is on the back of strict government regulations and policies to recycle wastewater in the area. In addition, the efficiency of the procedure is also boosting demand in the hollow fiber membranes market in the region. There is a large number of food and beverages companies that are serving in this region. The presence of these companies also fuels growth in the hollow fiber membranes market.
Global Hollow Fiber Membranes Market: Overview
Growing application of membrane microfiltration in producing dairy products, beer and wine production, and wastewater treatment has fueled demand in the global hollow fiber membranes market. Easily usage in high temperatures has increased usability of membranes microfiltration in various industries.
Significant rise in biopharmaceutical industry, high growth in the biologics market, and increasing biologics research are few other major factors resulting in increasing application of hollow fiber membranes in biopharmaceutical companies.
Along with this information, the report presents detailed insights on regional growth of hollow fiber membranes market, and gives details on key players operating in this market. Segmentation, ongoing trends related to hollow fiber membranes, and growing research and development activities are other parameters that are also systematically presented in the global hollow fiber membranes market report.
Global Hollow Fiber Membranes Market: Notable Developments
Competition in the global hollow fiber membranes market seems consolidated, as few players hold dominant share in the market. Prominent players are engaged in enhancing the use of hollow fiber membranes to get a competitive edge. Other companies are also making changes in hollow fiber membranes to improve the efficiency of their work. For instance:
• A UK-based manufacturer of portable and reusable water filtration systems, LifeSaver entered into a contract with the National Graphene Institute to focus on developing graphene technology to enhance water filtration process. Together they aim to develop cutting-edge product to eliminate hazardous contaminants. They have incorporated grapheme in its existing market-leading water purification technology. They are planning to reduce the sieve size of it hollow fiber filtration membrane from 15 nanometers to 1-3 nanometers. By doing this the company’s product will be capable of removing various contaminants such as pesticides, heavy metals, and certain chemicals. Moreover, there are higher chances that the product can remove nuclear radiation from drinking water supplies.
Some of the most prominent competitors operating in the competitive landscape of global hollow fiber membranes market include –
Global Hollow Fiber Membranes Market: Trends and Opportunities
Increasing investments in cell-based research and rising preference for continuous manufacturing has fueled growth in the global hollow fiber membranes market. Additionally, growing demand for biopharmaceuticals further augmented demand in this market.
Some restraining factors that might restrict the growth in this market include slow adoption of advanced technologies in biopharmaceutical manufacturing and strict regulatory polices to ensure drug safety might also hamper growth in the global hollow fiber membranes market.
Presence of Large Number of Food and Beverages Companies to Strengthen Asia Pacific Hollow Fiber Membranes Market
North America, the Middle East and Africa, Latin America, Europe, and Asia Pacific are the key regions covered in the global hollow fiber membranes market. Of these, Asia Pacific is likely to hold maximum share in the global hollow fiber membranes market. Strict government policies for waste water recycling and process efficiency in countries like China, India, and Thailand has led the demand in Asia Pacific hollow fiber membranes market. Moreover, presence of large number of food and beverages companies in major markets has further augmented growth in this market. Growing knowledge about the importance and application of membrane systems in various industries is projected to be additional factor that increased integration of hollow fiber membrane.
Europe is likely to stand at the second position in the global hollow fiber membranes market. Growing demand from biopharmaceutical companies in for hollow fiber membranes has pushed North America hollow fiber membranes market. Developing biopharmaceutical sector in this region has also shown a positive response and is largely adopting hollow fiber membranes.
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