The Gas Separation Membranes Market is witnessing robust growth driven by rising demand for energy-efficient gas processing and carbon capture technologies. With expanding applications in oil & gas, chemical, and biogas industries, key players such as Air Products, UBE Industries, Air Liquide, and Honeywell are investing in advanced membrane materials to enhance separation efficiency and sustainability.

The gas separation membrane market is projected to reach USD 1.6 billion by 2030, at a CAGR of 7.4% from USD 1.0 billion in 2023. The report provides key insights into current gas separation membrane market trends, growth drivers, challenges, and opportunities shaping the market landscape. It also includes a thorough competitor analysis, regional market evaluation, and recent technological or strategic developments influencing the market trajectory.

The major factors propelling the gas separation membrane market include the increasing demand for membranes in carbon dioxide removal. However, a significant challenge in this market is the plasticization of polymeric membranes in high-temperature applications. Nonetheless, there are opportunities for market growth, such as the rising focus on clean energy sources like hydrogen and natural gas, which has led to an increasing demand for efficient gas separation technologies. Additionally, the development of mixed matrix membranes presents further opportunities for advancement in the industry.

Polyimide and polyaramide segment is projected to be the fastest growing type, in terms of value, during the forecast period.”

Polyimide & polyaramide gas separation membranes have exceptional chemical compatibility and heat resistance, making them suitable for challenging operational environments. Their exceptional gas separation capabilities, specifically in the removal of carbon dioxide, are attributed to their distinctive structure and composition. Polyimide and polyaramide exhibit the capacity to efficiently purify gases, making them valuable in the petrochemical sector, where there is a rising demand for its goods. The increasing demand for environmentally friendly solutions across various industries such as chemical processing, oil & gas, and waste management, fuels the expansion of the gas separation membrane market.

“Hollow fiber segment is the second fastest growing segment by module, in terms of value, during the forecast period.”

Hollow fibers are composed of a collection of extremely thin, tubular strands, usually crafted from polymers such as cellulose acetate, polyimide, or polymeric materials tailored specifically for gas separation tasks. Each fiber features a porous membrane wall, facilitating gas separation. The design of hollow fiber membranes offers several benefits, including a large surface area, compact structure, scalability, and the ability to selectively separate gases. These attributes render hollow fiber membranes versatile and highly effective for various gas separation needs across diverse industries.

‘’Vapor/vapor separation is fastest growing segment on the basis of application, in terms of value, during the forecast period.”

Vapor/vapor separation membranes are cost-effective and environmentally friendly solution used for separating various gas mixtures, particularly in industrial processes where vapor streams need to be separated or purified. The demand for vapor/vapor separation membrane applications is propelled by a growing requirement for effective separation technologies to tackle environmental issues and meet strict regulations governing emissions and air quality. These membranes are used for processes such as vapor recovery, dehydration, solvent recovery, and purification, among others, enhancing process efficiency and reducing environmental impact.

“Asia Pacific is fastest growing market on the basis of region for gas separation membrane during the forecast period, in terms of value.”

Asia Pacific is the fastest growing region in the gas separation membrane market in 2023. This growth is attributed to several factors, including the region's robust economic growth, escalating demand for sanitation and clean water, advancing urbanization trends, and improving living standards. Government initiatives focused on manufacturing, emission reduction, and the promotion of eco-friendly products are fostering innovation in gas separation membrane technologies. Additionally, the increasing adoption of gas separation membranes across diverse applications such as carbon dioxide capture and hydrogen recovery are propelling market growth in this region, supported by continuous technological advancements.

New product launches and expansions are the major growth strategies adopted by the key players in the market. The key global players in the gas separation membrane market include are Air Liquide (France), Air Products and Chemicals, Inc. (US), UBE Corporation. (Japan), Honeywell UOP (US), FUJIFILM Manufacturing Europe B.V. (Netherlands), SLB (US), DIC Corporation (Japan), PARKER HANNIFIN CORPORATION (US), Membrane Technology and Research, Inc. (US), and Generon (US) among others.

Air Liquide

Air Liquide is a renowned producer and supplier of industrial and specialty gases, along with production technologies and storage solutions. The company caters to a diverse range of industries including automotive, glass, metals, electronics, food, petrochemicals, and healthcare. The company operates through three segments, namely, gas & services, engineering & construction, and global markets & technologies.

Air Products and Chemicals, Inc.

Air Products and Chemicals, Inc. is a leading provider of atmospheric, process, and specialty gases, serving a wide array of industries including refining, chemical, metals, electronics, manufacturing, and food & beverage. The company specializes in developing, engineering, building, owning, and operating industrial gas projects, including gasification projects aimed at converting natural resources into syngas sustainably to produce power, fuels, and chemicals. The company operates through 5 business segments, namely, Industrial Gases Americas; Industrial Gases Asia; Industrial Gases Europe, Industrial Gases Middle East and India, and Corporate and other.

 

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter , LinkedIn and Facebook.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email: Send Email
Phone: 18886006441
Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445
City: Florida
State: Florida
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/gas-separation-membrane-market-50564392.html

 

Press Release Distributed by ABNewswire.com
To view the original version on ABNewswire visit: Gas Separation Membranes Market Size: Company, Geography, Product Analysis Report by 2030

Information contained on this page is provided by an independent third-party content provider. XPRMedia and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact [email protected]