Membrane for Carbon Capture Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

Membrane for Carbon Capture Market Size

The global Membrane for Carbon Capture market was valued at US$ 124 million in 2023 and is anticipated to reach US$ 176.6 million by 2030, witnessing a CAGR of 5.1% during the forecast period 2024-2030.

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Major Trends:
1. Advancements in Membrane Materials
New materials such as mixed-matrix membranes (MMMs) and polymeric membranes are being developed to enhance the selectivity and permeability of carbon capture processes. These advancements are making the technology more efficient and cost-effective.
2. Focus on Energy Efficiency
Manufacturers are prioritizing energy-efficient designs in membrane-based carbon capture systems to reduce operational costs and environmental impact. Low-energy separation techniques are becoming increasingly popular for industrial applications.
3. Integration with Renewable Energy Systems
Membranes for carbon capture are being paired with renewable energy sources like solar and wind to power the capture process, aligning with sustainability goals and minimizing the overall carbon footprint of the systems.
4. Growth in Industrial Applications
Beyond power plants, membrane-based carbon capture solutions are finding applications in industries such as cement, steel, and petrochemicals. These sectors contribute significantly to global CO₂ emissions, making them critical markets for deployment.
5. Modular and Scalable Solutions
The market is seeing increased demand for modular membrane systems that can be easily scaled to meet the specific needs of different industries. This flexibility allows businesses to adopt carbon capture technologies without significant infrastructure changes.

By Type
• Hollow Fiber
• Inorganic Membrane

By Application
• Natural Gas
• Biogas

Key Companies
Evonik Industries, Air Products, Air Liquide, UBE Corporation, FUJIFILM, Toray, NGK, BORSIG, Grasys, GENERON, Airrane

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This release was published on openPR.