Gas Separation Membrane Market Research 2024 - Industry Analysis, Size, Share, Future Trends, Growth Opportunities And Forecast 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Gas Separation Membrane Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $3.34 billion In 2028 At A CAGR Of 9.9% :

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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Gas Separation Membrane Market Major Segments
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

Key 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.

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Prominent Trend - Industry Giants Propel CO2 Mini Module Solutions In The Market

Major companies operating in the gas separation membrane market are focused on developing innovative solutions such as CO2 mini module separators. CO2 separator systems are technologies designed to selectively capture and separate carbon dioxide (CO2) from gas mixtures, typically in industrial processes, power plants, and other sources of emissions. For instance, in December 2021, UBE Industries Ltd, a Japan-based chemical manufacturing company announced the launch of 'UBE CO2 Separator' mini module for lab-scale tests. It is commonly employed in the upgrading of biogas, playing a pivotal role in facilitating the shift towards renewable energy sources. This module showcases UBE's state-of-the-art membrane technology designed for the separation of CO2.

Gas Separation Membrane Market Players
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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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the gas separation membrane market in 2023. Asia-Pacific region is expected to be the fastest-growing region in the gas separation membrane market share during the forecast period. The regions covered in the gas separation membrane market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Gas Separation Membrane Market Report Structure
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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