The report “Gas Separation Membranes Market by Material Type (Polyimide & Polyaramide, Polysulfone, Cellulose Acetate), Application (Nitrogen Generation & Oxygen Enrichment, Vapor/vapor separation, Hydrogen Recovery, Air Dehydration, Carbon Dioxide Removal), Module Type and Region – Global Forecast to 2027”, published by MarketsandMarkets, the global market size for gas separation membrane was USD 0.9 Billion in 2021 and is projected to reach over USD 1.3 Billion by 2027, at a CAGR of 6.8% between 2022 and 2027.
Some of the prominent key players are:
· Air Products and Chemicals, Inc. (US)
· Air Liquide Advanced Separations (France)
· Ube Industries Ltd. (Japan)
· Honeywell UOP (US)
· Fujifilm Manufacturing Europe B.V. (Netherlands)
· Schlumberger Ltd. (US)
· DIC Corporation (Japan)
· Parker Hannifin Corporation (US)
Opportunity: Development of mixed matrix membranes
End users prefer durable membrane materials having higher selectivity and permeability at lower costs owing to the economic competitiveness and challenges pertaining to extreme environments under which gas separating membranes function. R&D activities in inorganic membranes (ceramic, silica glass, and zeolites) have been trending in recent years. However, the costs involved in processing these membranes are three times more than that of polymeric membranes. In view of this, mixed matrix membranes are being developed to provide an alternative cost-effective membrane that combines homogeneously interpenetrating polymeric matrices for ease of processability and inorganic particle for high permeability and selectivity. These membranes are developed by mixing polymeric materials with zeolites or other molecular sieving media. These hybrid materials also offer the advantage of low cost and enhanced mechanical properties in comparison to typical inorganic membranes.
Carbon Dioxide Removal is estimated to be the largest end-use by value in 2021
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 mature technologies, such as solvent absorption for carbon dioxide removal. Carbon dioxide removal membranes cater to various applications, such as pipeline gas, biogas, enhanced oil recovery, fuel gas conditioning, methanol cracking and production, and gasification plants.
Asia Pacific accounted for largest region, by value, during the forecast period
The markets of Asia Pacific is witnessing high growth and are projected to grow further during the forecast period. High economic growth rate, rising demand for sanitation and fresh water, increasing urbanization, and improving standard of living in developing economies such as India, China, South Korea, and Southeast Asian countries are driving the gas separation membranes market. The gas separation membranes market is growing significantly and is offering lucrative opportunities for manufacturers. The region accounted for the largest market share in 2021 and is also projected to be the fastest-growing market during the forecast period. This growth is attributed to the high economic growth rate, rising demand for sanitation and freshwater, increasing urbanization, and improving standard of living. Government policies on manufacturing, emission control, and producing environment-friendly products are all contributing to innovations in the field of gas separation membranes. Moreover, growing technological adva ncements in various applications of gas separation membranes such as carbon dioxide removal and hydrogen recovery are driving the market in this region.
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