According to MarketsandMarkets™, the “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 – Global Forecast to 2030” is expected to reach USD 1.6 billion by 2030, growing at a CAGR of 7.4% from USD 1.0 billion in 2023. The market for gas separation membranes is predicted to grow in response to increased demand for sustainability and decreasing greenhouse gas emissions through the separation and capture of CO2 from industrial flue gases. Gas separation membranes improve air quality by selectively absorbing pollutants like NOx and SO2 from industrial exhaust gasses.
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- 217 Market data Tables
- 56 Figures
- 266 Pages and in-depth TOC on “Gas Separation Membranes Market – Global Forecast to 2030”
This report also provides a comprehensive analysis of the companies listed below:
The key global players in the gas separation membrane market include 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.
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the gas separation membrane market.
Recent Developments in Gas Separation Membranes Market Industry
- In September 2023, Membrane Technology and Research, Inc. has expanded its business by building the largest membrane-based carbon capture plant in Gillette, Wyoming. This expansion will help the company to use Polaris polymeric membrane to capture more than 150 tonnes of CO2 each day.
- In June 2022, FUJIFILM Manufacturing Europe B.V. has expanded membrane production at its manufacturing plant in Tilburg, the Netherlands, with a focus on sustainability. The facility integrates initiatives aimed at achieving CO2-neutral status and employs sustainable technologies for wastewater purification. This expansion helped the company to strengthen membrane production capacity and address rising product demand.
- In October 2021, Air Products announced a new brand identity for its membrane business units, which will now all operate around the world as Air Products Membrane Solutions. The new identity moves the former business units, including Air Products PRISM Membranes, Air Products Norway, and Permea China Ltd., under one name to simplify the customer experience and further encourage collaboration and innovations.
- In November 2021, Honeywell announced collaboration with SK Innovation and Energy, a Korea-based energy refining company, for a feasibility study to retrofit SK’s hydrogen plant with carbon capture. SK Innovation and Energy is expected to explore capturing and sequestering 400,000 tons of carbon dioxide (CO2) from existing hydrogen production facilities. Honeywell UOP has multiple technology offerings such as solvents, membranes, cryogenics, and pressure swing adsorption (PSA) systems that can be optimized to meet the project requirements.