Press release
Global Gas Separation Membrane Market Projected to Surpass $3.72 Billion by 2029 with 10.3% Annual Growth
Gas Separation Membrane Market Size
The escalating need for biogas is fuelling the expansion of the gas separation membrane market. As a product of anaerobic decomposition of organic materials in an environment devoid of oxygen, biogas is composed of methane, carbon dioxide, and slight quantities of other gases. Given the upsurge in environmental safety concerns and the need for sustainable energy, biogas is in high demand. Gas separation membranes are instrumental in the production of biogas. To illustrate, the American Biogas Council, a US-based national trade group, disclosed in February 2024 that 2023 was the third sequential year of unprecedented growth in the biogas sector, with about 100 new ventures initiated that accounted for $1.8 billion in capital investments. This surge is anticipated to sustain into 2024, with forecasts suggesting over 100 new projects are likely to become functional this year. Hence, the upsurge in the utilization of biogas is set to boost the demand for the gas separation membrane market.
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What is the projected compound annual growth rate (CAGR) of the gas separation membrane market from 2025 to 2034, and what factors influence it?
The market size of the gas separation membrane has experienced swift expansion in the last few years. The market is projected to increase from $2.29 billion in 2024 to $2.52 billion in 2025, with a compound annual growth rate (CAGR) of 10.2%. The surge during the historic period is associated with factors such as industrial development, environmental laws, exploration of oil and gas, environmental awareness in manufacturing sectors, water treatment procedures, and food and beverage processing.
It is predicted that the gas separation membrane market will experience an accelerated expansion in the coming years. The market size is projected to reach $3.72 billion in 2029, reflecting a compound annual growth rate (CAGR) of 10.3%. This growth during the forecast period is linked to numerous factors including the development of hydrogen economy, electronics manufacturing, industrial gases' air separation, the pulp and paper sector, the growing need for clean energy, and waste-to-energy conversion. Key trends to watch out for during this period are polymer membrane technologies, carbon capture and storage (CCS), hollow fibre membranes, metal-organic framework (MOF) membranes, and air separation units (ASUs).
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How are the latest trends influencing the growth of the gas separation membrane market?
Prominent firms in the gas separation membranes market are focusing their efforts on creating advancements in biogas membrane technology, with the goal of improving the effectiveness and efficiency of biogas purification processes. Biogas membrane technology involves unique filtration systems that selectively filter out specific gases - like methane and carbon dioxide - from biogas. This enables purification and upgradation of biogas to be used as a sustainable source of energy. It finds applications in sectors such as waste management and renewable energy, contributing towards enhancing the utility of biogas in generating electricity, fueling vehicles, and supply to natural gas grids. To illustrate, in September 2024, chemical firm Evonik, headquartered in Germany, debuted its latest biogas membrane, named the SEPURAN Green G5X 11. This novel membrane is constructed to boost efficiency in large-scale projects like landfills, agricultural sites, and wastewater treatment facilities, particularly in transitioning biogas into renewable natural gas (RNG).
What are the major segments of the gas separation membrane market and their role in driving growth?
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 Or Gas Separation, Vapor Or 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
Subsegments:
1) By Polyimide And Polyaramid: High-performance Polyimide Membranes, Polyaramid Membranes
2) By Polysulfone: Asymmetric Polysulfone Membranes, Composite Polysulfone Membranes
3) By Cellulose Acetate: Flat Sheet Cellulose Acetate Membranes, Hollow Fiber Cellulose Acetate Membranes
4) By Other Products: Ceramic Membranes, Mixed Matrix Membranes, Metal Membranes
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Which regions are key players in the growth of the gas separation membrane market?
Asia-Pacific was the largest region in the gas separation membrane market in 2024. 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.
Who are the key firms paving the way for growth in the gas separation membrane market?
Major companies operating in the gas separation membrane market include Schlumberger Limited, Evonik Industries AG, Parker-Hannifin Corporation, Air Liquide Advanced Separations, Air Products and Chemicals Inc., W. L. Gore & Associates Inc., UBE Corporation, Honeywell UOP LLC, Chart Industries Inc., 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., PETROSEP Corporation, Advantec MFS Inc., AirSep Corporation, Tianjin Univtech Co. Ltd.
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What Is Covered In The Gas Separation Membrane Global Market Report?
•Market Size Forecast: Examine the gas separation membrane market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the gas separation membrane market for a structured understanding.
•Key Players Overview: Analyze major players in the gas separation membrane market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the gas separation membrane market.
•Segment Contributions: Evaluate how different segments drive overall growth in the gas separation membrane market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the gas separation membrane market.
•Industry Challenges: Identify potential risks and obstacles affecting the gas separation membrane market.
•Competitive Landscape: Review strategic developments in the gas separation membrane market, including expansions, agreements, and new product launches.
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