Gas Separation Membranes Market Size, Share, Trends, Growth and Forecast 2032

Gas Separation Membranes Market Insights

Zion Market Research has published a report on the global Gas Separation Membranes Market, estimating its value at USD 998.25 Million in 2023, with projections indicating that it will reach USD 1933.2 Million by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 7.62% over the forecast period 2024-2032.

The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Gas Separation Membranes industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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The market also faces challenges in expansion, as strict legislations regarding plasticization of polymeric membranes promises hurdles for future growth. However, the diversification of end-use applications, and new demand from applications such as wastewater treatment promises a promising outlook during 2019-2025 period. The gas separation membrane technology also promises growth in beverage & food processing, pharmaceutical, and chemical processing applications. Its energy and cost-efficient nature remains a major draw for end-players. Conventional technology like cryogenic distillation remains a distant competitor to its advancements, promising steady growth for market players.

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Global Gas Separation Membranes Market: Key Trends

The rising prices of energy supplies, and instability in its supply remains a major driver of growth for players in the global gas separation membranes market. The membranes technology promises higher energy efficiency at much lower costs to end-players, amidst an uncertain geopolitical situation. Additionally, rising awareness, and legislations supporting environmental sustainability will also play a key role in growth of the global gas separation membranes market. The technology promises to lower expenditure for industries, with an added protection for the environment in the process. This has resulted in major growth for gas separation membranes in food & beverage processing, which will likely continue during the forecast period.

The food & beverage sector has witnessed tremendous growth in recent years, thanks to rising disposable income, changing lifestyle trends, and increase in exports from key countries like the United States. The technologies like adsorption, absorption, and cryogenic distillation lag behind in various benefits. However, the lack of implementation techniques continues to be an area of concern for future growth for players in the gas separation membranes market.

Global Gas Separation Membranes Market: Segmentation

The global gas separation membranes market report is segmented on the basis of material type into polymide & polyaramide, cellulose acetate, polysulfone, among others. Among these, the growing demand for polyimide will present new opportunities for growth during the forecast period. The gas separation membranes market is also segmented on the basis of applications into oxygen enrichment & nitrogen generation along with gas separation, air dehydration, hydrogen recovery, and carbon dioxide removal, vapor separation, among others. Among these, the air dehydration, and vapor separation removal promise keen opportunities, thanks to rising demand for chemical processing, and food processing.

Gas Separation Membranes Market: Report Scope

Global Gas Separation Membranes Market: Regional Analysis

The global gas separation membranes market report will cover all key regions including North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Among these, the rising manufacturing activity in Asia Pacific, and growing demand for chemical and food processing will create lucrative opportunities for growth. The region will likely register growth at the fastest CAGR during the forecast period.

Global Gas Separation Membranes Market: Competitive Analysis

The global gas separation membranes market remains a competitive, and fragmented landscape, thanks to relatively low costs of investments. Moreover, growing focus on innovation to meet advanced end-user needs will remain a key strategy for players in near future. Some key players in the market include:

• Air Liquide Advanced Separations
• Honeywell UOP
• Air Products and Chemicals Inc.
• Schlumberger Ltd.
• Fujifilm Manufacturing Europe B.V.
• DIC Corporation
• Ube Industries Ltd.
• Membrane Technology and Research Inc.
• Parker Hannifin Corporation
• Generon IGS Inc. 

The global gas separation membranes market is been segmented as follows:

Based on material type

• Polyimide & polyaramide
• Cellulose acetate
• Polysulfone
• Others (polyether, polyethylene, silicone rubber, polyphenylene oxide, polycarbonate, perfluoropolymers, polystyrene, polydimethylsiloxane, and ethyl cellulose)

Based on module type:

• Spiral wound
• Hollow fiber
• Plate and frame
• Others (Capillary and Tubular)

Based on the application:

• Carbon dioxide removal
• Hydrogen recovery
• Vapor/vapor separation
• Nitrogen generation & oxygen enrichment
• Vapor/gas separation
• Air dehydration
• Others (sour gas treating, natural gas dehydration, sulfur removal, hydrocarbons recovery, and helium separation & recovery)

By region:

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa