Hollow fiber membranes have gained the attention owing to the consistent demand of clean water by various end-use industries. Hollow fiber membranes offer various advantages including high productivity per unit volume, self-supportive, high recovery and others. Thus, the global Hollow fiber membrane market is expected to foray ahead with a higher single digit CAGR over the forecast period of 2019-2029. Innovative product offerings by the key players has been identified as a recent trend in the market. For instance, Toyobo Japan has developed reverse osmosis based hollow fiber membrane that has been equipped in a number of desalination plants worldwide.

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Segmentation analysis of Hollow fiber membrane Market:

The global Hollow fiber membrane market is bifurcated into four major segments that are material, filtration type, end-use industry and region.

On the basis of material, the global Hollow fiber membrane market is divided into:
Polymer
Ceramic

On the basis of filtration type, the global Hollow fiber membrane market is divided into:
Microfiltration
Ultrafiltration
Reverse Osmosis

On the basis of end-use industry, the global Hollow fiber membrane market is divided into:
Water Treatment
Food & Beverages
Biotechnology
Pharmaceuticals
Chemicals

Based on region, the global Hollow fiber membrane market is segmented as:
North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East & Africa (MEA)

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Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia) Hollow Fiber Membrane
Asia Pacific (China, India, ASEAN, Australia & New Zealand) Hollow Fiber Membrane
Japan Hollow Fiber Membrane
Middle East and Africa (GCC Countries, S. Africa, Northern Africa) Hollow Fiber Membrane

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As per International Federation of Pharmaceutical Manufacturers & Associations, the pharmaceutical industry spend around US$ 149.8 Billion in 2015 for research. Furthermore, rising biotechnology and chemical industries also tend to leverage wide adoption avenues for Hollow fiber membrane.

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