Global Hollow Fiber Ceramic Membrane Market to expand at a significant CAGR of over 13.0% by 2025
The global hollow fiber ceramic membrane market was valued at around US$ 99.0 Mn in 2016 and is anticipated to expand at a CAGR of over 11.0% from 2017 to 2025, according to a new report published by Transparency Market Research (TMR) titled ‘Hollow Fiber Ceramic Membrane Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025.’ Expansion of the global hollow fiber ceramic membrane market is driven by increased utilization of hollow fiber membranes (HFCMs) by municipalities and declining membrane cost and installation expenses. The hollow fiber ceramic membrane market in Asia Pacific is expected to expand at a CAGR of over 14.0% during the forecast period. Favorable government regulations, development and expansion of new plants by global manufacturers, increased demand for freshwater, and inflated prices of clean water are fuelling demand for water treatment, which, in turn, is likely to propel the hollow fiber ceramic membrane market in th...