Market Overview
According to Market Research Future (MRFR), the global gas separation membrane market is estimated to acquire significant market value, expanding at a notable CAGR during the forecast period from 2020 to 2027.
The increasing demand for biogas owing to its cost-effectiveness is anticipated to be a factor driving the gas separation membrane market share 2020. Furthermore, the growing demand for membranes in the carbon dioxide separation process is predicted to be another factor that can augment the market during the evaluation period. The rising concerns due to global warming owing to the growing CO2 emissions are expected to enhance the demand for gas separation membranes in eradicating CO2, which can boost the market. In addition, the strict rules and regulations on the emission of greenhouse gases are anticipated to grow the demand for gas separation membranes and strengthen the market.
On the contrary, concerns related to membrane fouling, swelling, and plasticization of polymeric membranes are expected to hinder the market growth during the forecast period. However, surged demand for membrane separation process in natural gas treatment and hydrogen purification is likely to counter the impeding factors and boost the market.
Market Segmentation
The segmental analysis of the global gas separation membrane market is done by the application, material type, and end-use industry.
The application-based segments of the global gas separation membrane market are CO2 removal, industrial gas separation, acid gases separation from natural gas, hydrocarbons recovery, hydrogen recovery, and others.
The material type based segments of the global gas separation membrane market are hybrid, polymeric, porous inorganic, microporous organic, and others. The porous inorganic segment is further sub-segmented into zeolite, metal, ceramics, and alumina. The polymeric segment is further sub-segmented into cellulose acetate, polyimide, and polysulfone.
The end-use based segments of the global gas separation membrane market are food beverages, electric power, oil gas, chemical, and others.
Regional Analysis
Based on the region, the global gas separation membrane market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East Africa.
As per the analysis, the global gas separation membrane market is expected to be dominated by the APAC region by acquiring the largest market share during the forecast period. APAC is anticipated to be the fastest-growing market owing to the rapid industrialization in the evaluation period. Furthermore, the increasing demand for sanitization, rapid urbanization, and a better standard of living are projected to be other salient factors strengthening the regional market.
Europe is projected to acquire significant market share during the forecast period owing to the wide application of the product in natural gas processing plants for the separation of the acid gases.
North America is predicted to acquire substantial market value during the evaluation period due to the increasing demand for CO2 removal from reservoirs. Furthermore, the growing usage of gas separation membranes for regulating CO2 emissions from the industrial effluents can grow the market during the review period.
The MEA region is likely to acquire the least market share during the forecast period. However, the region is anticipated to show growth owing to the presence of untapped market opportunities.
Key Players
Some of the renowned players of the global gas separation membrane market are Ube Industries Ltd (Japan), Air Products and Chemicals Inc (US), Air Liquide Advanced Separation (US), Membrane Technology and Research Inc (US), Schlumberger Limited (US), Evonik Industries AG (Germany), Honeywell International Inc (US), FUJIFILM Manufacturing Europe BV (the Netherlands), Generon IGS Inc. (US), SRI International (US), and DIC Corporation (Japan).
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.
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