The Gas Separation Membrane Global Market Report 2023 by The Business Research Company, provides gas separation membrane market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Gas Separation Membrane Global Market Report 2023, the global gas separation membrane market size will grow from $1.88 billion in 2022 to $2.09 billion in 2023 at a compound annual growth rate (CAGR) of 11.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global gas separation membrane is expected to grow to $3.01 billion in 2027 at a CAGR of 9.5%.
The growing demand for biogas is driving the gas separation membrane market. Biogas is a mixture of methane, carbon dioxide, and trace amounts of other gases created by the anaerobic decomposition of organic materials in an oxygen-free environment. Biogas is high in demand due to rising environmental safety issues and the demand for sustainable energy. Gas separation membranes are used in manufacturing biogas.
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The gas separation membrane market is segmented:
1) By Product Type: Polyimide And Polyaramide, Polysulfone, Cellulose Acetate, Other Products
2) By Module: Hollow Fiber, Spiral Wound, Plate And Frame, Other Modules
3) By Application: Nitrogen Generation And Oxygen Enrichment, Hydrogen Recovery, Carbon Dioxide Removal, Vapor/Gas Separation, Vapor/Vapor Separation, Air Dehydration, Other Application
4) By End Use Industry: Chemical, Oil And Gas Industry, Electric Power, Food And Beverages, Other End Use Industry
The development of polymeric membranes is a key trend gaining popularity in gas separation membrane market. Major companies in gas separation membranes are advancing towards polymeric membranes to provide efficient gas separation. A thin, semipermeable wall between two gaseous phases is referred to as a polymeric membrane. Diverse gas separations are accomplished using polymer membranes, including the removal of carbon dioxide from natural gas, oxygen from air, hydrogen recovery, and, more recently, carbon capture. For instance, in January 2020, Toray Industries Inc., a Japan-based textile company specializing in industrial products, developed a polymeric separation membrane module. This membrane can efficiently and selectively remove hydrogen from mixtures of gases containing the molecule. This module cut the number of modules and carbon dioxide emissions from hydrogen purification operations by more than half.
The gas separation membrane market report table of contents includes:
1. Executive Summary
2. Gas Separation Membrane Market Characteristics
3. Gas Separation Membrane Market Trends And Strategies
4. Gas Separation Membrane Market – Macro Economic Scenario
5. COVID-19 Impact On Gas Separation Membrane Market
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26. Africa Gas Separation Membrane Market
27. Gas Separation Membrane Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Gas Separation Membrane Market
29. Gas Separation Membrane Market Future Outlook and Potential Analysis
30. AppendixS
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