Global Gas Separation Membranes Market to Reach $1.5 Billion by 2030: Rapidly Growing Demand for Biogas Augurs Well


Dublin, July 10, 2023 (GLOBE NEWSWIRE) -- The "Gas Separation Membranes: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Gas Separation Membranes estimated at US$897 Million in the year 2022, is projected to reach a revised size of US$1.5 Billion by 2030, growing at a CAGR of 6.2% over the analysis period 2022-2030.

Polyimide & Polyaramide, one of the segments analyzed in the report, is projected to record a 6.7% CAGR and reach US$711.9 Million by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Polysulfone segment is readjusted to a revised 5.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $178.5 Million, While China is Forecast to Grow at 8.1% CAGR

The Gas Separation Membranes market in the U.S. is estimated at US$178.5 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$309.2 Million by the year 2030 trailing a CAGR of 8.1% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 5% respectively over the 2022-2030 period.

Within Europe, Germany is forecast to grow at approximately 4.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$213.3 Million by the year 2030.

Select Competitors (Total 47 Featured) -

  • Air Liquide SA
  • Air Products and Chemicals, Inc.
  • DIC Corporation
  • Evonik Industries AG
  • FUJIFILM Manufacturing Europe B.V.
  • GENERON IGS, Inc.
  • Honeywell UOP
  • Membrane Technology and Research, Inc.
  • Parker-Hannifin Corporation
  • Schlumberger Ltd.
  • Ube Industries, Ltd.
  • UGS LLC

Key Attributes:

Report AttributeDetails
No. of Pages509
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$897 Million
Forecasted Market Value (USD) by 2030$1500 Million
Compound Annual Growth Rate6.6%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Gas Separation Membranes: An Introduction
  • Impact of Covid-19 and a Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • COVID-19 Impact on Membrane Separation Technologies Market
  • COVID-19 Impact on Gas Separation Membranes Market
  • Global Market Prospects and Outlook
  • Robust Demand from Diverse Industrial Applications Spurs Growth of Gas Separation Membrane Market
  • Carbon Dioxide Removal: The Leading Application Segment
  • Polymeric Membranes Continue to Capture Significant Market Share
  • Asia-Pacific Poised to Drive Market Growth, Europe and US Hold Significant Share
  • Gas Separation Membranes - Global Key Competitors Percentage Market Share in 2021 (E)
  • Recent Market Activity
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2021 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Market Benefits from the Escalating Demand for Membrane Separation Technology in Various End-Use Applications
  • Impact of COVID-19 on Natural Gas Consumption Hampers Gas Separation Membrane Market
  • With Consumption of Natural Gas to Grow Post COVID-19, Demand to Rise for Membranes Use to Separate or Remove CO2 from Natural Gas
  • Global Production of Natural Gas (in bcm) by Region for 2010, 2018,2019, 2020
  • Evonik Unveils High-Performance Membrane for Natural Gas Processing
  • Rising Significance of Membrane-based CO2 Capture Technologies
  • Fixed-Site-Carrier (FSC) Membranes and Mixed Matrix Membranes (MMMs) for Gas Separation
  • Ongoing Advancements to Improve Competitiveness of Membrane Process for CO2 Separation
  • COVID-19 Impact on Biogas Production Hinders Market Growth
  • Global Investments in Clean Energy & Efficiency Technologies (In US$ Billion) for the Years 2018, 2019 & 2020
  • Rapidly Growing Demand for Biogas Augurs Well for Gas Separation Membranes Market
  • Biogas Demand (in Mtoe) by End-Use in Advanced Economies for the Years 2018, 2025, 2030, 2035 and 2040
  • Biogas Demand (in Mtoe) by End-Use in Developing Economies for the Years 2018, 2025, 2030, 2035 and 2040
  • Global Biogas Production (in exajoules) for the Years 2000, 2005, 2010, 2015, 2019, 2020E
  • Global Biogas Production by Geographic Region (in %) for 2020
  • Production of Biogas by Feedstock Source by Region: 2020
  • Demand for Membrane Separation Technology Rises in Syngas Cleaning
  • Application of Membrane Technology in Nitrogen Generation
  • Significant Role of Gas Separation Membrane Technology in Reducing Environmental Impact of Industrial Processes
  • CO2 Emissions Worldwide (in billion metric tons) from 2020-2050
  • Growing Use of Polymeric Gas-Separation Membranes in Petroleum Refining Application
  • Petroleum Industry Processes with Use of Membrane Technology
  • Membrane Materials Used for Gas Separation Processes in Refineries: A Review
  • Mixed Matrix Membranes Present Considerable Growth Opportunities for the Market
  • Graphene Oxide Membranes to Break Existing Gas Separation Performance Barrier
  • Technological Advancements to Bolster Market Prospects
  • Zeolitic Nanosheets Enhance Gas Separation Membranes' Fabrication
  • Polyphosphazene Membranes Demonstrate Significant Throughput and Selectivity for CO2

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/44xv2p

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Global Market for Gas Separation Membranes

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