Press release
Gas Separation Membranes Market is anticipated to reach USD 2.9 billion by 2032 | DIC Corporation, Parker Hannifin Corporation, Membrane Technology
Gas Separation Membranes Market
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Gas separation membranes are used in a variety of applications, including the separation of oxygen from nitrogen, the separation of carbon dioxide from methane, and the separation of hydrogen from carbon dioxide. Gas separation membranes are also used in fuel cells, where they are used to separate the reactant gases, such as hydrogen and oxygen.
The Gas Separation Membranes Market size was USD 1.7 Billion in 2022 and is anticipated to reach USD 2.9 Billion in 2032, growing at a rate of 5.3% from 2023 to 2032.
Key Trends
The key trends in gas separation membranes technology are:
Increased efficiency: Membrane technology is constantly becoming more efficient, with newer membranes being able to separate gases more effectively.
Increased durability: Membranes are also becoming more durable, meaning they can be used for longer periods of time without needing to be replaced.
Increased flexibility: Membranes are now available in a variety of different materials, which gives them increased flexibility in terms of application.
Increased affordability: As membrane technology becomes more advanced, it is also becoming more affordable, making it a more viable option for a wider range of industries.
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Key Drivers
The key drivers of gas separation membranes market are the ever-increasing demand for natural gas, the stringent environmental regulations, and the need for energy-efficient processes. The ever-increasing demand for natural gas is driven by the growing industrial and commercial sector. The stringent environmental regulations are driving the need for energy-efficient processes.
Market Segments
The Gas Separation Membranes Market is segmented into material type, module type, application and region. By material type, it is bifurcated into polyimide and polyaramide ,cellulose acetate, polysulfone and others. Based on module type, it is categorized into spiral wound, hollow fiber and others. On the basis of application, it is classified into carbon dioxide removal, hydrogen recovery and vapor/vapor separation and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and the Rest of the World.
Key Companies
Top key players in Gas Separation Membranes Market are Air Products and Chemicals, Inc., Air Liquide Advanced Separations, Ube Industries Ltd., Honeywell UOP, Fujifilm Manufacturing Europe B.V., Schlumberger Ltd, DIC Corporation, Parker Hannifin Corporation, Membrane Technology and Research Inc., Evonik Industries, Atlas Copco AB and Generon LLC.
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