The Global Gas Separation Membranes Market is projected to reach USD 1.33 billion in 2027. The increasing demand for biogas and cost-efficiency of membrane separation in the emerging countries are factors contributing to market growth. The growth of this market is a result of growing demand in emerging markets for carbon dioxide removal. The regulation concerning multifunctional membrane plasticization, however, restricts the growth of the market for Gas Separation Membranes.
The end-users prefer durable membranes, which, because of their economic competitiveness and the severe conditions under which gas separating membranes operate in the end, have a greater range and permeability at a lower cost. In recent years, RD activities have been trending in inorganic membranes (ceramic, silica, and zeolite). However, there are three times more costs for the processing of these membranes than polymer membranes. To provide an alternative, economic membrane that combines homogeneously interpenetrating polymer matrices for easy processing, mixed matrix membranes are developed to facilitate process ability and high permeability inorganic particles. These membranes are formed by blending the polymer with zeolites or other media for molecular sieving. When contrast with conventional inorganic membranes, hybrid materials often provide the advantage of low costs and improved mechanical properties. These membranes are still in progress and must be marketed. Once reviewed, there should be high demand for the mixed matrix membranes.
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Due to the flux and selectivity of membranes, Gas Separation Membranes are only used for moderate volume gas streams. Membrane gas separation technology cannot compete with amine absorption technology for large-volume gas streams that is mainly used to extract carbon dioxide from natural gas, biogas, and other fuels. For the application of nitrogen production and oxygen enrichment over membrane separation technology, Pressure Swing Adsorption technology is preferred due to higher efficiency. The pressurized swing adsorption system, more effective in hard conditions, is less sensitive than the latter.
Competitive Landscape:
The global Gas Separation Membranes Market is extremely competitive and comprises various key players at global and regional levels. Major players are focused on adopting various strategies such as mergers and acquisitions, partnerships and joint ventures, RD investments to establish market footing and expand their product base. These are investing in RD to develop enhanced products and devices, modern farming systems and other techniques to boost farm and livestock productivity.
Major companies operating in the global Gas Separation Membranes market
- Honeywell UOP
- Air Liquide Advanced Separations
- Fujifilm Manufacturing Europe B.V
- Air Products and Chemicals, Inc
- Parker Hannifin Corporation
- Schlumberger Ltd
- DIC Corporation
- Generon Igs Inc
- Membrane Technology and Research Inc.,
Market Dynamics:
The power and energy industry has significantly grown over the recent past and is expected to rapidly expand in terms of revenue share over the forecast period. Power and energy sector has been playing a crucial role in shaping the world. Over the recent years there has been a rapid increase in the demand for power and energy owing to rapidly industrialization and urbanization across the globe. Factors such as increasing demand for power and energy across various sectors such as information technology, pharma and healthcare, agriculture, commercial sites, residences, transportation and other industrial sectors, and government initiatives and subsidiaries are expected to drive market revenue growth over the forecast period. In addition, growing adoption of green energy, high focus on utilizing renewable resources, and rising investments in research and development activities are expected to fuel market growth going ahead.
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Further key findings from the report suggest
- Polyimide polyaramide, due to its highly selective and permeable properties, high chemical thermal stability, mechanical strength, and good filming characteristics, is the largest and most rapidly growing membrane gas separation material.
- The carbon dioxide extraction section is the largest Gas Separation Membranes method.
- The market is also increasingly facing challenges, as strict regulations on polymer membrane plasticization promise barriers to future development.
- During the forecast era, the demand for Asia-Pacific Gas Separation Membraness will report the highest CAGR. This rise is primarily driven by the increasing demand for carbon dioxide extraction from reservoirs, increased demand for sanitation and fresh water, increased urbanization, and a better living standard.
- The technology for gas-separated membranes also promises growth in beverages and food processing, pharmaceutical and chemical applications. The energy-efficient nature is still an important attraction for end-players.
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Segments covered in the report
Product Outlook (Revenue, USD Billion; 2017-2027)
- Polysulfone
- Polyimide Polyaramide
- Cellulose Acetate
- Others
Module Type Outlook (Revenue, USD Billion; 2017-2027)
- Spiral Wound
- Hollow fiber
- Plate Frame
- Others
Application Outlook (Revenue, USD Billion; 2017-2027)
- Carbon Dioxide Removal
- Nitrogen Generation
- Oxygen Enrichment
- Hydrogen Recovery
- Air Dehydration
- Others
End-User Outlook (Revenue, USD Billion; 2017-2027)
- Food Beverage
- Waste Wastewater Treatment
- Pharmaceutical
- Others
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Europe
- Asia Pacific
- MEA
- Latin America
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