A New Study Provides Fresh Insights Into Key Trends that Will Keep the Gas Separation Membranes Market Moving Into 2027
The global market for Gas Separation Membranes is projected to reach US$1. 1 billion by 2025, driven by robust demand from diverse industrial applications, especially oil refining.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Gas Separation Membranes market. Report segmentation includes Material Type (Polyimide & Polyaramide, Polysulfone, Cellulose Acetate, and Other Material Types); Application (Carbon Dioxide Removal, Nitrogen Generation & Oxygen Enrichment, Hydrogen Recovery, Vapor/Vapor Separation, and Other Applications); End-Use (Oil & Gas, Chemical, Electric Power, Food & Beverage, and Other End-Uses).
7 June 5:08 A.M., California/Marketwire/ - According to the new market research report, the global market for Gas Separation Membranes is projected to reach US$1. 1 billion by 2025, driven by robust demand from diverse industrial applications, especially oil refining. The global Gas Separation Membranes market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Gas separation membranes are deigned to provide an inter-phase between two phases that acts as a selective barrier to regulate permeation of a specific gas or gases from a gas mixture. These membranes separate gas mixtures by providing a permeable barrier that allows compounds to move through at specific rates. The penetration of gas molecules across the membrane depends on their size, solubility or diffusivity. These membranes are widely used to separate O2/N2, hydrogen, CO2/CH4, helium and CO2/N2, allowing separation as well as collection of various greenhouse gases responsible for global warming. The approach is also being investigated for perfluoro compounds such as SF6 and C2F6. Advanced gas separation membranes offered by various companies can be used on land, sea and air. Membranes used on land offer purified natural gas, hydrogen, nitrogen and bio-methane, while membranes for sea applications allow on-site fuel generation, natural gas purification and nitrogen blanketing. Gas separation membranes for air improve security by making fuel tanks inert for military and commercial aircrafts. Polymeric gas separation membranes remain highly popular due to their superior selectivity and performance. In the recent years, various companies have launched innovative membranes that are built on polyimides and poly ether ketones. While the former exhibit excellent selectivity, the latter membranes offer high purity feed gases from different contaminants.
Gas separation technology has experienced extensive adoption across several industries, and is competing in markets with consolidated operations such as absorption, cryogenic distillation, pressure swing absorption and condensation. Rising environmental concerns and energy costs associated with conventional separation technologies such as distillation are expected to drive companies to focus on innovative solutions to cut emissions and costs. The trend is driving the adoption of gas separation membranes in various applications. The technology holds potential to replace or complement standard technology. The gas separation membranes market is anticipated to also gain from increasing adoption of new solutions within the petrochemical industry. Sophisticated membrane solutions intended to purify olefins from corresponding paraffins are expected to reduce capital expenditures, energy costs and carbon emissions. These platforms are likely to help companies in recovering olefins from waste streams and tapping new product opportunities. The market is also anticipated to register strong gains from increasing production of biogas globally. Biogas presents an effective and versatile energy carrier that can address increasing demand for energy, fuel and heating. However, biogas contains various gases like methane, carbon dioxide, and traces of ammonia, hydrogen sulfide, nitrogen, hydrogen, oxygen and carbon monoxide that need to be removed using gas separation membranes to generate methane for commercial applications.
Key Competitors Covered in the Report
Air Products and Chemicals Inc.
Evonik Industries AG
FUJIFILM Manufacturing Europe B.V.
GENERON IGS Inc.
Membrane Technology and Research Inc.
Ube Industries Ltd.
Geographies Analyzed in the Report
Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe)
Asia-Pacific (China, India and Rest of Asia-Pacific)
Middle East & Africa
Latin America (Brazil and Rest of Latin America)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 4511. Among this pool, 812 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 133 unique participations, a total of 61 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
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