Press release
Gas Separation Membrane Market Size Forecasted To Achieve $3.72 Billion By 2029 With Steady Growth
Gas Separation Membrane
How Big Is the Gas Separation Membrane Market Size Expected to Be by 2034?
In the last few years, the gas separation membrane market has experienced substantial growth. The market size is projected to increase from $2.29 billion in 2024 to $2.52 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 10.2%. Factors contributing to growth during the historical period include industrial expansion, environmental legislation, oil and gas exploration activities, increased environmental awareness in manufacturing processes, as well as water treatment, and food and beverage processing.
The market size for gas separation membranes is anticipated to experience a swift expansion in the forTH*Coming years, with estimates projecting a worth of $3.72 billion in 2029 while growing at a compound annual growth rate (CAGR) of 10.3%. The escalating growth can be credited to the development of the hydrogen economy, electronics manufacturing, industrial gas air separation, the pulp and paper business, the escalating demand for clean energy, as well as waste-to-energy conversion. Noteworthy trends during the forecast period encompass polymer membrane technologies, carbon capture and storage (CCS), hollow fiber membranes, metal-organic framework (MOF) membranes, and air separation units (ASUs).
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What Are the Emerging Segments Within the Gas Separation Membrane Market?
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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What Long-Term Drivers Are Shaping Gas Separation Membrane Market Trends?
The escalation in the need for biogas is propelling growth in the gas separation membrane market. Created in an oxygen-deprived environment from the anaerobic decomposition of organic materials, biogas comprises methane, carbon dioxide, and traces of other gases. The heightened concerns around environmental safety and a growing demand for sustainable energy have resulted in a surge for biogas. Gas separation membranes play a crucial role in the production of biogas. To illustrate, the American Biogas Council, which is a US-based national trade association, declared in February 2024 that the biogas sector saw its third year of momentous growth in 2023, marked by the launch of almost 100 new projects and capital investments reaching $1.8 billion. This robust growth trajectory is predicted to extend into 2024, with forecasts pointing to the launch of over 100 new projects. Consequently, the rise in biogas utilization is likely to fuel the gas separation membrane market's demand.
Who Are the Top Competitors in Key Gas Separation Membrane Market Segments?
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.
What Gas Separation Membrane Market Trends Are Gaining Traction Across Different Segments?
Significant organizations in the gas separation membrane sector are concentrating on advancing biogas membrane technology with the goal of improving the effectiveness and efficiency of biogas purification processes. The term "biogas membrane technology" refers to specific filtration mechanisms that distinguish between gases, particularly methane and carbon dioxide, from biogas. It allows biogas to be refined and upgraded so it can be used as a renewable source of energy. This technology is heavily used in sectors such as waste management and renewable energy to improve the quality of biogas so it can be used for activities like generating electricity, serving as vehicle fuel, and being injected into natural gas networks. For example, in September 2024, Evonik, a chemical company based in Germany, introduced its latest biogas membrane, the SEPURAN Green G5X 11, which is well-suited for improving the efficiency of turning biogas into renewable natural gas (RNG) across large-scale project applications like landfills, farming sites, and wastewater treatment establishments.
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Which Regions Are Becoming Hubs for Gas Separation Membrane Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Gas Separation Membrane Market?
2. What is the CAGR expected in the Gas Separation Membrane Market?
3. What Are the Key Innovations Transforming the Gas Separation Membrane Industry?
4. Which Region Is Leading the Gas Separation Membrane Market?
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