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Global Gas Separation Membrane Market 2024 Future Trends, Scope, Industry Analysis And Forecast To 2033
Gas Separation Membrane Market
The Business Research Company offers in-depth market insights through Gas Separation Membrane Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The gas separation membrane market size has grown rapidly in recent years. It will grow from $2.07 billion in 2023 to $2.29 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to industrial growth, environmental regulations, oil and gas exploration, environmental consciousness in manufacturing, water treatment, food and beverage processing.
The gas separation membrane market size is expected to see strong growth in the next few years. It will grow to $3.34 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to hydrogen economy development, electronics manufacturing, air separation for industrial gases, pulp and paper industry, increasing demand for clean energy, waste-to-energy conversion. Major trends in the forecast period include polymer membrane technologies, carbon capture and storage (CCS), hollow fiber membranes, metal-organic framework (MOF) membranes, air separation units (ASUs).
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Market Segmentation:
The gas separation membrane market covered in this report is segmented -
1) By Product Type: Polyimide And Polyaramid, 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
Major Driver - Biogas Demand Sparks Surge In Gas Separation Membrane Market
The growing demand for biogas is driving the gas separation membrane market. 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. For instance, in July 2020, according to World Biogas Association, the global trade association for biogas, by 2030, the US will produce ten times as much biogas as it is producing now. Moreover, according to the International Energy Agency, a Paris-based autonomous intergovernmental organization, about 200 million individuals, half of whom are in Africa, will abandon the conventional use of biomass through biogas by 2030. Thus, the increase in the usage of biogas will propel the demand for gas separation membrane market.
Competitive Landscape:
Major companies operating in the gas separation membrane market report are Schlumberger Limited, Evonik Industries AG, Parker-Hannifin Corporation, Air Liquide Advanced Separations, Atlas Copco AB, Air Products and Chemicals Inc., Celanese Corporation, DIC Corporation, W. L. Gore & Associates Inc., UBE Corporation, Honeywell UOP LLC, Chart Industries Inc., GKN Powder Metallurgy Ltd., Yantai Moon New Energy Materials Co. Ltd., Porvair Filtration Group Ltd., Membracon Incorporated, Xebec Adsorption Inc., Carbon Clean Solutions Limited, Generon IGS Inc., Zhejiang Yuanda Air Separation Equipment Co. Ltd., GRASYS JSC, Membrane Technology and Research (MTR) Inc., AMCS Corporation, PETROSEP Corporation, Advantec MFS Inc., AirSep Corporation, FUJIFILM Manufacturing Europe B.V., Fujian Uplion Chemical Co. Ltd., Tianjin Univtech Co. Ltd., Guangzhou Hanyang Bio-Technology Co. Ltd.
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Top Trend - Leading Companies Propel Gas Separation Membranes With Nitrogen Systems
Major companies operating in the gas separation membrane market are concentrating their efforts on developing innovative solutions such as nitrogen membrane systems. A nitrogen membrane system refers to a technology designed to separate nitrogen gas from a gas mixture using selective permeation through a membrane. For instance, in February 2023, Air Products and Chemicals Inc., a US-based gas and chemical company launched the 'PRISM InertPro' nitrogen membrane system. The PRISM InertPro introduces a novel nitrogen membrane system designed for the energy, oil, and gas sector. This innovative system is built upon a flexible modular platform, offering versatile solutions for nitrogen generation in various applications within the industry.
The Table Of Content For The Market Report 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
…..
27. Gas Separation Membrane Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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