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Gas Separation Membrane Market: Size, Restraints, Drivers, Trends, and Analysis 2024-2033
Gas Separation Membrane Market Size
As per the report, 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 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%.
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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.
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.
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
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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.
Contents of the report:
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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