The gas separation membrane industry is anticipated to expand its roots at a steady CAGR of 7.3% between 2023 and 2033. The market is anticipated to be valued at US$ 2.34 billion in 2023, with a market share of US$ 4.73 billion by 2033.
- Growing public awareness of the harmful health impacts of gases, combined with expanding urban areas, is fueling market expansion. Furthermore, the changing environment as a result of rising air and water pollution is compelling end users to use gas and impurity elimination solutions.
- Stringent government laws are putting pressure on authorities to adopt gas separation membranes for water purification and gas elimination. In addition, the changing chemical sector, which has a high need for gases such as oxygen and nitrogen, is driving sales of gas separation membranes.
- Chemical procedures such as nitrogen separation from oxygen and other processes create a significant amount of money. The removal of N2 and CO2 gases is one of the most fundamental chemical uses of these separation membranes.
- These membranes simplify difficult procedures by extracting pure gas from a gaseous mixture. Consider hydrogen recovery from nitrogen.
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Key Points
- The United States market leads the gas separation membrane market in terms of market share in North America. The United States region held a market share of 17.2% in 2022. The growth in this region is attributed to the rising awareness, restoration of the food and beverage industry, and stringent government policies.
- The United Kingdom’s gas separation membrane market is another significant market in the European region. The market thrives at a CAGR of 5.8% between 2023 and 2033. The growth is attributed to the increased consumption of gases like N2 and CO2 for chemical research and development along with its use in the pharmaceutical industry.
- The Chinese gas separation membrane market is anticipated to thrive at an average CAGR of 8.4% during the forecast period. The growth is owing to the huge population, higher consumption, and people installing products to clean the surroundings such as air purifiers.
- The nitrogen removal segment leads the application type segment as it holds a market share of 22.9% in 2023. It is the top segment as there is a high demand for nitrogen from food and beverages, and the pharmaceutical industry.
- The petrochemical and oil & gas segment consumes the utmost gas separation membrane as end-users. It holds a global share of 27.5% in 2023. The growth is attributed to increased consumption and the requirement for filtration products.
Competitive Landscape
The key vendors work on making the product 100% effectivity in filtration and cleaning the adulterated product. Furthermore, the focus is also on government tenders. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.
Recent Market Developments
- Schlumberger Ltd introduced its Apura gas separation membrane that does the natural gas sweetening via H2S H2O, and bulk CO2 removal.
- Air Products and Chemicals Inc. introduced the PRISM membrane separator for a wide range of applications. Such as marine, aerospace, offshore drilling, food, and beverage.
Top Key Players in the Global Market
- Air Products and Chemicals Inc.
- Air Liquide Advanced Separations LLC
- UBE Industries Ltd
- Schlumberger Ltd
- Fujifilm Manufacturing Europe B.V
- Parker-Hannifin Corporation
- Membrane Technology and Research Inc
- DIC Corporation
- Honeywell International (Honeywell UOP)
- Evonik Industries
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Key Segmentation
By Material Type:
- Polymeric Membrane
- Inorganic Membrane
- Metallic Membrane
By Construction Type:
- Hollow Fiber Module
- Spiral Wound Module
- Plate & Frame Module
By End-use Industry:
- Chemical
- Petrochemical and Oil & Gas
- Food and Beverages
- Power Generation
- Pharmaceutical
- Pollution Control
- Others
Key Regions Covered:
- North America
- Latin America
- Rest of Latin America
- Europe
- Japan
- Asia Pacific Excluding Japan
- The Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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