Lucintel's latest market report analyzed that hollow fiber membrane provides attractive opportunities in the water & wastewater treatment, food & beverage, biotechnology, and pharmaceutical & chemical industries. The hollow fiber membrane market is expected to reach $13.4 billion by 2028 with a CAGR of 8.1%. In this market, microfiltration is the largest segment by filtration type, whereas water & wastewater treatment is largest by end use industry.

Based on filtration type, the hollow fiber membrane market is segmented into microfiltration, ultrafiltration, and reverse osmosis. The microfiltration segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the considerable usage of these filters to eliminate unsafe species in a variety of industries, including dairy processing plants, food and beverage processing, and portable water treatment.

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The Hollow Fiber Membrane Market is marked by the presence of several big and small players. Some of the prominent players offering hollow fiber membrane include Asahi Kasei, DuPont de Nemours, LG Chem, Mitsubishi Chemical, and Pentair.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.

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