Gas Separation Membranes Market Will Reflect 8% CAGR Through 2030; Natural Gas Supply and Trade Issues During Covid-19 Pandemic to Hurt Market

The gas separation membranes market is estimated to exhibit stellar a very impressive 8% CAGR between the projection years from 2020 to 2030. The covid-19 pandemic has had a disruptive impact on the global market, largely owing to cessation or reduction of offshore and shale natural gas production and demand in 2020. The industry is likely to witness strong recovery towards 2021 with continued investments into gas processing plant upgrades.

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"Rising concerns about the environmental impact of the natural gas industry coupled with strict government regulations to minimize oil in water levels for pipelines have resulted in efforts to standardize separation levels. This in turn has increased the demand for gas separation membranes for years ahead," says the Fact.MR analyst.

Gas Separation Membranes Market - Important Takeaways

Scrubber separation membranes are witnessing strong growth in demand, aided by strict government rules on flare gas quality.
Hydrogen separation membranes are expected to gain popularity in electrolyzer applications, driven by investments in the renewable energy sector.
Asia Pacific is a fast-growing market for gas separation membranes owing to major increases in exploration and production activity in India, China, Vietnam, Indonesia, Malaysia, and Taiwan.

Gas Separation Membranes Market - Driving Factors

Strict government regulations on greenhouse gas emissions in industrial settings is a major influencer for market growth.
Niche applications in power, and water treatment sectors will generate lucrative growth opportunities.
Gas Separation Membranes Market - Leading Constraints

Concerns over the plasticization of polymer-based gas separation membranes hinders market prospects.
High costs associated to the production and use of metallic membranes is restricting market growth.

Explore the global gas separation membrane market with 119 figures, 70 data tables, along with the table of contents of the report. You can also find detailed segmentation on https://www.factmr.com/report/4803/gas-separation-membrane-market

Competition Landscape

Some of the leading manufacturers in the global gas separation membrane market include but are not limited to UBE Industries, Honeywell International Inc., Schlumberger Ltd., Evonik Industries, and Air Products and Chemicals.

Players in the gas separation membrane market are displaying increased interest in strategic collaborations for product development and long-term contracts in end user industries.

For example, Aker Solutions has partnered with Total, Equinor, and Pertamina for research initiatives for subsea gas and CO2 separation membranes. Compact Membrane Systems Inc. is collaborating with Braskem America Inc. as for joint development initiative for olefin/paraffin gas separation technologies. Further, Koch Separation Solutions is expanding production of its hollow fiber membrane technology in Wilmington, Massachusetts.

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