Gas Separation Membranes Market Value to Surpass $1.3 billion by 2027 – Exclusive Report by MarketsandMarkets™

March 14 00:05 2023
Gas Separation Membranes Market Value to Surpass $1.3 billion by 2027 - Exclusive Report by MarketsandMarkets™
Browse 112 market data Tables and 42 Figures spread through 159 Pages and in-depth TOC on “Gas Separation Membrane Market”
Gas Separation Membranes Market by Material Type (Polyimide & Polyaramide, Polysulfone, Cellulose Acetate), Application (Nitrogen Generation & Oxygen Enrichment, Vapor/vapor separation, Hydrogen Recovery, Air Dehydration, Carbon Dioxide Removal), Module Type and Region

Gas separation membranes are used to separate components of a gas mixture. These membranes are made of polymers such as polyimide, polysulfone, polyamide, and polyetherimide. They are used for gas separation and purification of air and other gases such as nitrogen, oxygen, carbon dioxide, hydrogen, and methane. The increasing demand for clean air and other gases for industrial and medical applications, as well as for energy production, is driving the demand for gas separation membranes. Gas separation membranes are used to reduce pollution and ensure the cleanliness of air and other gases. They are also used in the food and beverage industries, as well as in the manufacture of chemical products.

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The global gas separation membranes market size was USD 0.9 Billion in 2021 and is projected to reach over USD 1.3 Billion by 2027, at a CAGR of 6.8% between 2022 and 2027. One of the major restraints of the gas separation membranes market is the regulations on the plasticization of polymeric membranes. Plasticization changes the structure of membranes, resulting in their low selectivity and performance. This issue is mostly experienced in the natural gas sweetening application, which is one of the fastest-growing users of membrane-based gas separation technology. 

Innovation and technology advancements in gas separation membranes have led to various improvements in gas separation membranes in terms of good selectivity, permeability, high chemical and thermal stability, and good film forming properties. Recently, mixed matrix gas separation membranes are being developed. The mixed matrix membranes are considered to be new generation membranes for gas purification application. These membranes have unique properties of both polymer and inorganic membranes. Mixed matrix membranes have high selectivity of the dispersed filler, desirable mechanical property, and economical processability of polymers. 

Carbon dioxide removal application accounts for the largest share in the overall gas separation membranes market. The presence of a large number of reservoirs in South East Asian countries and the increasing demand for shale gas in North America are driving the requirement for carbon dioxide removal process, which is driving the gas separation membranes market. The market in the vapor/vapor separation application is projected to witness the highest growth during the forecast period. 

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APAC is projected to be the fastest-growing gas separation membranes market. This growth is driven mainly by the high demand from the developing countries for carbon dioxide removal application. The requirement of gas separation membranes is high in developing economies such as China and India due to the rising demand for sanitation and fresh water, increasing urbanization, and improving standard of living. In recent years, APAC is emerging as the fastest-growing region with development in countries such as India, China, South Korea, Thailand, and Indonesia. The increasing growth and investment in reservoir related projects have stimulated the demand for carbon dioxide removal.

The key players in this market include Air Products and Chemicals, Inc. (US), Air Liquide Advanced Separations (France), Ube Industries Ltd. (Japan), Honeywell UOP (US), Fujifilm Manufacturing Europe B.V. (Netherlands), Schlumberger Ltd. (US), DIC Corporation (Japan), Parker Hannifin Corporation (US), Membrane Technology and Research, Inc. (US), and Generon, Inc. (US).

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