The gas separation membrane industry is poised for significant growth, projecting a steady compound annual growth rate (CAGR) of 7.3% from 2023 to 2033. Anticipated to reach a market share of US$ 4.73 billion by 2033, the industry is expected to experience substantial expansion from its estimated value of US$ 2.34 billion in 2023. This growth is indicative of the rising demand for efficient gas separation technologies across various industrial applications, driving the market toward a promising future.
The research report highlights the robust growth of the market, attributing it to the expanding petrochemical, oil & gas industries, and the pharmaceutical sector’s widening boundaries. The increasing demand is particularly fueled by intricate chemical procedures like hydrogen recovery from nitrogen and nitrogen production through oxygen, which are expanding the applications of gas separation membranes. The membrane gas separation process, central to this development, facilitates the separation of any gas from a mixture. This technological advancement underscores its pivotal role in diverse industries, positioning it as a key driver in the market’s flourishing trajectory.
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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.
Key Players
- 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
- Mahler AGS
- Atlas Copco AB
- GENERON LLC
- GRASYS JSC
- GMT Membrantechnik GmbH
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Market Segmentation of the Gas Separation Membrane Industry
By Material Type:
- Polymeric Membrane
- Inorganic Membrane
- Metallic Membrane
By Construction Type:
- Hollow Fiber Module
- Spiral Wound Module
- Plate & Frame Module
By Application:
- Nitrogen Separation
- Oxygen Separation
- Acid gas Separation
- Hydrogen Separation
- Methane Separation
- Carbon Dioxide Separation
- Olefin – Paraffin Separation
By End-use Industry:
- Chemical
- Petrochemical and Oil & Gas
- Food and Beverages
- Power Generation
- Pharmaceutical
- Pollution Control
- Others
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