Global Gas Separation Membranes Market

Posted September 28, 2020 by pallavivn

Global Gas Separation Membranes Market is expected to reach USD 3.85 Billion by 2026 from USD XX Billion in 2018 at a CAGR of XX %.

Global Gas Separation Membranes Market is expected to reach USD 3.85 Billion by 2026 from USD XX Billion in 2018 at a CAGR of XX %.

Global Gas Separation Membranes Market

Gas separations membranes are widely used in food & beverage processing, water & wastewater treatment, pharmaceutical & medical application, chemical processing, industrial gas processing and other applications. Gas separation technology is more cost effective and high energy efficient than that of conventional technologies like cryogenic distillation, absorption and adsorption.

As energy costs rise, gas separation membrane technology is likely to play an increasingly important role in reducing the environmental impact and costs of industrial processes. Inherent advantages offered by gas separation membranes such as energy efficiency with low capital investment, simplicity and ease of installation, low operation and maintenance cost, low weight and space requirement with high process flexibility is fuelling the market growth.

Gas separation membranes market based on application has been segmented into nitrogen generation & oxygen enrichment, hydrogen recovery, carbon dioxide removal, vapor/gas separation, vapor/vapor separation and air dehydration. Carbon dioxide removal segment is expected to be one of the major contributors for the market owing to increasing need to remove carbon dioxide in natural gas pipelines for safe transmission. Vapor/vapor separation segment is expected to grow at a high CAGR during the forecast period due to the increasing adoption of gas separation membranes in refining processes.

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Gas separation membranes market based on material has been segmented into polyimide & polyaramide, polysulfone, cellulose acetate and others. Polyimide & polyaramide segment is expected to hold one of the largest shares of the market during the forecast period.

Geographically, Asia Pacific is expected to be one of the largest markets for gas separation membrane attributed to growing industrialization in this regions, which directly drives market growth and increasing demand for energy efficient and cost effective gas separation. Plasticization problem in polymeric membranes making their use difficult in high-temperature applications is one of the factor restraining the market growth.

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Last Updated September 28, 2020