Global Gas Separation Membrane Market Size, Share & Trends Analysis Report by 2027


Posted June 26, 2023 by WorldNews24

VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies.

 
Gas separation membranes are used to separate gases from a mixture of gases. They are made of a thin, porous material that allows some gases to pass through more easily than others. This selective permeability is based on the different physical and chemical properties of the gases.

Market Size and Growth

The global gas separation membrane market is expected to reach USD 1.5 billion by 2027, from USD 1 billion in 2021. The market is projected to grow at a CAGR of 6.8% from 2022 to 2027. The growth of the gas separation membrane market is being driven by several factors, including the increasing demand for clean energy, the growing use of gas separation membranes in the food and beverage industry, and the rising demand for gas separation membranes in the pharmaceutical industry.

Key Drivers

Increasing demand for clean energy: There is a growing demand for clean energy sources, such as natural gas and hydrogen. Gas separation membranes can be used to separate these gases from other gases in the atmosphere, making them more accessible and affordable.
Growing use of gas separation membranes in the food and beverage industry: Gas separation membranes are used in the food and beverage industry to remove CO2 from beverages, such as beer and soda. This makes the beverages taste better and extends their shelf life.
Rising demand for gas separation membranes in the pharmaceutical industry: Gas separation membranes are used in the pharmaceutical industry to separate oxygen from nitrogen in medical gases. This is important for ensuring the safety and efficacy of medical treatments.
Key Trends

Increasing focus on research and development: The gas separation membrane market is witnessing increasing investments in research and development. This is leading to the development of new and innovative gas separation membranes with improved properties.
Growing adoption of gas separation membranes in emerging markets: Emerging markets such as China, India, and Brazil are expected to witness significant growth in the gas separation membrane market. This is due to the increasing demand for clean energy and the growing use of gas separation membranes in the food and beverage and pharmaceutical industries in these markets.
Key Players

Some of the key players in the global gas separation membrane market include:

Air Liquide
Evonik Industries
Honeywell
Kuraray
Membrane Technology & Research (MTR)
Sumitomo Chemical
Air Products
The Linde Group
TriSep Technologies
Conclusion

The global gas separation membrane market is expected to witness significant growth in the coming years. This growth is being driven by several factors, including the increasing demand for clean energy, the growing use of gas separation membranes in the food and beverage industry, and the rising demand for gas separation membranes in the pharmaceutical industry.
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Last Updated June 26, 2023