Dublin, April 30, 2024 (GLOBE NEWSWIRE) -- The "Global Gas Separation Membrane Market by Module, Material Type, Application (Nitrogen Generation & Oxygen Enrichment, Hydrogen Recovery, CDR, Vapor/Gas Separation, Vapor/Vapor Separation, Air Dehydration, H2S Removal), and Region - Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The global gas separation membrane market is projected to reach USD 1.6 billion by 2030 from USD 1 billion in 2023, at a CAGR of 7.4% during the forecast period. The growing demand for clean energy is driving the increased adoption of gas separation membranes. This technology encompasses diverse methods and processes designed to separate various gases from mixtures based on distinctive properties including size, solubility, chemical reactivity, or molecular weight. Gas separation technology finds extensive applications across a spectrum of industries, playing a vital role in processes such as gas purification, environmental conservation, energy generation, and healthcare.
Premium Insights
- Rapid Industrialization and Emerging Economies to Drive Gas Separation Membrane Market in Asia-Pacific During Forecast Period
- Plate and Frame Module to Hold Largest Share of Gas Separation Membrane Market in 2030
- Polyimide & Polyaramide Material Type to Lead Gas Separation Membrane Market in 2030
- Carbon Dioxide Removal Application to Capture Largest Share of Gas Separation Membrane Market in 2030
- India to Register Highest CAGR in Gas Separation Membrane Market During Forecast Period
Market Dynamics
- Drivers
- Growing Need for Membranes in Carbon Dioxide Separation Processes
- Rising Demand for Membranes in Nitrogen Generation and Syngas Cleaning
- Increasing Implementation of Environmental Regulations and Stringent Emission Standards
- Restraints
- Technical Disadvantages Compared to Alternative Gas Separation Technologies
- Plasticization of Polymeric Membranes in High-Temperature Applications
- Opportunities
- Rising Demand for Clean Energy
- Development of Mixed Matrix Membranes
- Challenges
- Upscaling and Commercializing New Membranes
- Requirement for High Initial Investment for Development and Installation of Polymeric Membranes for Separation
Research Coverage
This report provides detailed segmentation of the gas separation membrane market and forecasts its market size until 2030. The market has been segmented based on type (polyimide & polyaramide, polysulfone, cellulose acetate), module (spiral wound, hollow fiber, plate & frame), application (nitrogen generation & oxygen enrichment, hydrogen recovery, carbon dioxide removal, vapor / gas separation, vapor / vapor separation, air dehydration, H2S), and region (North America, Europe, Asia Pacific, Middle East & Africa, and South America).
A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisitions associated with the market for the gas separation membrane market. The key players in the gas separation membrane market 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.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 257 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $1 Billion |
| Forecasted Market Value (USD) by 2030 | $1.6 Billion |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
Technology Analysis
- Pressure Swing Adsorption (PSA) Technology
- Membrane Condenser Technology
- Mixed Matrix Membrane
Case Study Analysis
- Air Products Provided Gas Separation Membrane Technology to Oil Field for Methane Extraction
- Honeywell Uop's Separex Membrane Technology Used for Natural Gas Processing to Adhere to Stringent Purity Standards and Transportation Regulations
- Fujifilm Corporation's Fujifilm Apura Gas Separation Membranes Offer Efficient and Long-Lasting Natural Gas Treatment
Companies Featured
- Theway Membranes
- Air Liquide
- Air Products and Chemicals, Inc.
- Honeywell Uop
- Ube Corporation
- Parker Hannifin Corporation
- Fujifilm Manufacturing Europe B.V.
- Dic Corporation
- Generon
- Membrane Technology and Research, Inc.
- Slb
- Airrane
- Atlas Copco Ab
- Evonik Industries AG
- Borsig Membrane Technology GmbH
- Compact Membrane Systems
- Cobetter Filtration Equipment Co. Ltd.
- Genrich Membranes Pvt. Ltd.
- Jsc Grasys.
- Conifer Systems
- Megavision Membrane
- Novamem
- Permselect
- Pervatech
- Sepratek
For more information about this report visit https://www.researchandmarkets.com/r/kcc5j0
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