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Gas Separation Membranes Market worth $3.64 billion by 2030, growing at a CAGR of 6.96% - Exclusive Report by 360iResearch
Gas Separation Membranes Market | 360iResearch
The Global Gas Separation Membranes Market to grow from USD 2.27 billion in 2023 to USD 3.64 billion by 2030, at a CAGR of 6.96%.
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Gas separation membranes are designed to selectively separate specific gas molecules from a mixture of gases based on their size, shape, and affinity toward the membrane material. These membranes are an energy-efficient alternative to conventional gas separation processes, such as cryogenic distillation, adsorption, and absorption. The increasing demand for energy-efficient technologies, stringent environmental regulations on carbon emissions reduction, and growing adoption in emerging applications such as biogas upgrading and helium recovery are growing the need for gas separation membranes. However, challenges such as high installation costs due to expensive fabrication techniques and materials and regular maintenance requirements for optimal performance hinder the market's growth. Furthermore, advancements in membrane material sciences, harnessing nanotechnology for manufacturing improvements, and increasing investments in clean energy projects are expected to generate lucrative future opportunities for gas separation membranes.
The high demand for natural gas processing, carbon capture solutions, hydrogen recovery, and air separation applications in the Americas contributes to the market growth of gas separation membranes. Moreover, strong innovation and research capabilities government initiatives encourage sustainable practices and drive investment in advanced gas separation technologies. European Union (EU) countries strongly commit to environmental regulations, leading to a growing need for eco-friendly gas separation processes in petrochemicals, power generation, and wastewater treatment industries. The EU's focus on reducing greenhouse gas emissions has further spurred investment in research activities for energy-efficient gas separation technologies. The Middle East region represents an evolving gas separation membrane market due to its vast hydrocarbon reserves and burgeoning need for top-notch membrane systems in the oil & gas sector that allow efficient recovery of valuable gases while minimizing associated costs. Rapid urbanization, increasing industrial activities, and tightening environmental regulations drive demand for sustainable gas separation solutions in the Asia-Pacific. Additionally, technological innovations, advancements in membrane materials, and a surge in natural gas consumption are expanding the scope for gas separation membranes in the Asia-Pacific.
Market Segmentation & Coverage:
This research report categorizes the Gas Separation Membranes Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Material, market is studied across Cellulose Acetate, Polyimide & Polyaramide, and Polysulfone. The Cellulose Acetate commanded largest market share of 39.83% in 2023, followed by Polysulfone.
Based on Module Type, market is studied across Hollow Fiber Module, Plate & Frame Module, and Spiral Wound Module. The Hollow Fiber Module commanded largest market share of 53.90% in 2023, followed by Plate & Frame Module.
Based on Application, market is studied across Carbon Dioxide Removal, Hydrogen Separation, Nitrogen Separation, Oxygen Separation, Vapor/Gas Separation, and Vapor/Vapor Separation. The Carbon Dioxide Removal commanded largest market share of 30.46% in 2023, followed by Hydrogen Separation.
Based on End-Use Industry, market is studied across Chemical, Energy, Food & Beverages, Oil & Gas, Pharmaceuticals, and Water & Wastewater Treatment. The Chemical commanded largest market share of 29.63% in 2023, followed by Oil & Gas.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 38.67% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Gas Separation Membranes Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Gas Separation Membranes Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Gas Separation Membranes Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Air Products and Chemicals, Inc., Airrane, Asahi Kasei Corporation, Atlas Copco AB, BASF SE, Ceramic Powder Technology AS, Compact Membrane Systems, DIC Corporation, DuPont de Nemours, Inc., Evonik Industries AG, FUJIFILM Holdings Corporation, Generon LLC, Genrich Membranes Pvt. Ltd., Grasys JSC, Greenlane Renewables Inc., Hangzhou Cobetter Filtration Equipment Co.,Ltd., Honeywell International Inc., KNM Group Berhad, Koch Industries, Inc., L'Air Liquide S.A., Linde PLC, Mahler AGS GmbH, Membrane Technology and Research, Inc., Novamem AG, Osmoses, Parker-Hannifin Corporation, Pentair PLC, PermSelect by MedArray, Pervatech B.V., Sartorius AG, Schlumberger N.V., Semicom DWC-LLC, Sumitomo Electric Industries, Ltd., Toray Industries, Inc., and UBE Corporation.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Gas Separation Membranes Market, by Material
7. Gas Separation Membranes Market, by Module Type
8. Gas Separation Membranes Market, by Application
9. Gas Separation Membranes Market, by End-Use Industry
10. Americas Gas Separation Membranes Market
11. Asia-Pacific Gas Separation Membranes Market
12. Europe, Middle East & Africa Gas Separation Membranes Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Gas Separation Membranes Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Gas Separation Membranes Market?
3. What is the competitive strategic window for opportunities in the Gas Separation Membranes Market?
4. What are the technology trends and regulatory frameworks in the Gas Separation Membranes Market?
5. What is the market share of the leading vendors in the Gas Separation Membranes Market?
6. What modes and strategic moves are considered suitable for entering the Gas Separation Membranes Market?
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