The Worldwide Gas Separation Membranes Industry is Expected to Reach $1.2 Billion by 2026 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Gas Separation Membranes Market by Material Type (Polyimide & Polyaramide, PS, CA), Application (N2 Generation & O2 Enrichment, HR, CO2 removal, Vapor/Gas Separation, Vapor/Vapor Separation, AD), Module (SW, HF) and Region – Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.
The global gas separation membranes market size is projected to reach USD 1.2 billion by 2026 from USD 0.9 billion in 2021, at a CAGR of 6.7% during the forecast period.
Polyimide & polyaramide accounted for the largest share amongst other material types in the gas separation membranes market
The polyimide & polyaramide segment is the largest and is also projected to continue this trend till 2026. The key growth driver of the high consumption of this material type is owing to properties such as good permeation rates, good selectivity, high chemical and thermal stability, mechanical strength, and good film-forming properties. Polyimide & polyaramide gas separation membranes are used for separating one or more gases from a gaseous mixture as they exhibit good permeation rates with good selectivity. Polyimide membranes have increased demand for gas separation owing to their superior permeability and stability. Polyimide & polyaramide membranes have increasing demand in carbon dioxide removal application.
Carbon dioxide removal segment accounted for the largest market share amongst other applications in the gas separation membranes market
The carbon dioxide removal segment is the largest consumer of gas separation membranes. Carbon dioxide is commonly found in natural gas, and its separation is necessary to meet pipeline requirements or other specifications. Also, in carbon capture and storage (CCS) processes, carbon dioxide has to be separated from the exhaust gas streams before the subsequent transportation and storage. Membrane gas separation technology is one of the efficient solutions for carbon dioxide removal as it is more compact, energy-efficient, and possibly more economical than conventional technologies, such as solvent absorption. The presence of reservoirs and increasing demand for shale gas drive the demand for carbon dioxide removal, which is further increasing the demand for gas separation membranes in the carbon dioxide removal application.
APAC is projected to grow the fastest in the gas separation membranes market during the forecast period
APAC is the fastest-growing market for gas separation membranes. This growth is primarily credited to the expanding demand for natural gas, biogas, and other environmentally sustainable energy solutions in developing economies, such as India, China, Indonesia, Malaysia, and others in the region. Moreover, growth in population and increasing urbanization rate are also driving the industrial growth and energy demand. In addition, growth in industrialization, increasing demand due to changing demographics, and government initiatives to attract business investments in industries such as power, oil & gas, packaging, metal processing & fabrication, and electronics are also driving the market for gas separation membranes in the region.
- Increasing Demand for Membranes in Carbon Dioxide Separation Processes
- Growing Demand in Nitrogen Generation and Syngas Cleaning
- Increasing Demand for Biogas
- Technical Disadvantages Over Other Gas Separation Technologies
- Plasticization of Polymeric Membranes in High-Temperature Applications
- Development of Mixed Matrix Membranes
- Upscaling and Commercializing New Membranes
- Air Liquide
- Air Products and Chemicals, Inc.
- Honeywell Uop
- Ube Industries
- Fujifilm Manufacturing Europe B.V.
- Business Overview
- Products/Solutions/Services Offered
- Dic Corporation
- Membrane Technology and Research, Inc. (Mtr)
- Parker Hannifin Corporation
- Schlumberger Limited
- Atlas Copco
- Borsig Group
- Cobetter Filtration Equipment Co., Ltd.
- Evonik Industries Ag
- Genrich Membranes Pvt. Ltd.
- Grasys Jsc
- Gulf Coast Environmental Systems (Gces)
- Megavision Membrane
- Novamem Ltd.
- Pervatech Bv
- Sepratek Inc.
- Theway Membranes
- Tianbang National Engineering Research Center of Membrane Technology Co., Ltd. (Tbm)
For more information about this report visit https://www.researchandmarkets.com/r/hly5p6.
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