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Gas Separation Membrane Market: Research In-Depth Analysis, Applications, Forecast To 2032
Gas Separation Membrane Market
The Business Research Company's Gas Separation Membrane Global Market Report 2023 identifies growing demand for biogas as the major driver for the Gas Separation Membrane market's growth in the forecast period. Biogas is a mixture of methane, carbon dioxide, and trace amounts of other gases created by the anaerobic decomposition of organic materials in an oxygen-free environment. Biogas is high in demand due to rising environmental safety issues and the demand for sustainable energy. Gas separation membranes are used in manufacturing biogas
The global gas separation membrane market size grew from $1.88 billion in 2022 to $2.09 billion in 2023 at a compound annual growth rate (CAGR) of 11.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The gas separation membrane market size is expected to grow to $3.01 billion in 2027 at a CAGR of 9.5%.
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Major competitors in the Gas Separation Membrane market are Air Products and Chemicals, Inc., Air Liquide Advanced Separations, UBE Corporation, Schlumberger Limited, FUJIFILM Manufacturing Europe B.V., Parker Hannifin Corp, Membrane Technology and Research, Inc., DIC Corporation, Honeywell International Inc., Generon, Evonik Industries AG, Atlas Copco AB, Grasys JSC., Toray Industries, Inc., and GMT Membrantechnik GmbH
A key trend in the Gas Separation Membrane market includes development of polymeric membranes. Major companies in gas separation membranes are advancing towards polymeric membranes to provide efficient gas separation. A thin, semipermeable wall between two gaseous phases is referred to as a polymeric membrane. Diverse gas separations are accomplished using polymer membranes, including the removal of carbon dioxide from natural gas, oxygen from air, hydrogen recovery, and, more recently, carbon capture.
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The Gas Separation Membrane market is segmented -
1) By Product Type: Polyimide And Polyaramide, Polysulfone, Cellulose Acetate, Other Products
2) By Module: Hollow Fiber, Spiral Wound, Plate And Frame, Other Modules
3) By Application: Nitrogen Generation And Oxygen Enrichment, Hydrogen Recovery, Carbon Dioxide Removal, Vapor/Gas Separation, Vapor/Vapor Separation, Air Dehydration, Other Application
4) By End Use Industry: Chemical, Oil And Gas Industry, Electric Power, Food And Beverages, Other End Use Industry
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Gas Separation Membrane market.
The Business Research Company's "Global Gas Separation Membrane Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Gas Separation Membrane Market Include:
1. Executive Summary
2. Gas Separation Membrane Market Characteristics
3. Gas Separation Membrane Market Trends And Strategies
4. Gas Separation Membrane Market - Macro Economic Scenario
5. Gas Separation Membrane Market Size And Growth
......
26. Africa Gas Separation Membrane Market
27. Gas Separation Membrane Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Gas Separation Membrane Market
29. Gas Separation Membrane Market Future Outlook and Potential Analysis
30. Appendix
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