Global Gas Separation Membrane Market, Industry Trends, Future Growth, Application Potential by 2027 | VynZ Research


Posted May 4, 2023 by WorldNews24

VynZ Research assists enterprises to take strategic decisions for helping their businesses to grow.

 
The global gas separation membrane market is projected to witness significant growth in the coming years due to increasing demand from various end-use industries such as oil and gas, food and beverage, and healthcare. Gas separation membranes are used to separate and purify different types of gases and are an essential component in various industrial processes.

According to a recent report by VynZ Research, the global gas separation membrane market was valued at USD 1 billion in 2020 and is projected to reach USD 1.5 billion by 2027, growing at a CAGR of 6.8% during the forecast period.

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The increasing demand for gas separation membranes from the oil and gas industry is one of the major factors driving the growth of the global market. Gas separation membranes are used for separating natural gas and removing impurities, which is necessary for downstream processes.

The growing demand for clean and potable water is another key driver of the global gas separation membrane market. Gas separation membranes are used in water treatment plants to purify water by removing impurities and contaminants.

Based on material type, the global gas separation membrane market size is segregated into polyimide & polyamide, polysulfone, cellulose acetate, and others.

Based on application, the global gas separation membrane market is segmented into nitrogen generation & oxygen enrichment, carbon dioxide removal, vapor/gas separation, vapor/vapor separation, air dehydration, hydrogen recovery, and others. The nitrogen generation & oxygen enrichment segment accounted for the largest market share in 2020 and is expected to maintain its dominance during the forecast period.

Geographically, the global gas separation membrane market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific accounted for the largest market share in 2020 and is expected to continue its dominance during the forecast period due to the growing industrialization and increasing demand from end-use industries such as oil and gas, food and beverage, and healthcare.

The gas separation membrane market is highly competitive, with numerous players operating in the market. Some of the key players in the market, according to VynZ Research, are:

Air Liquide Advanced Separations
GENERON
Air Products Inc.
UBE INDUSTRIES, LTD.
Membrane Technology and Research, Inc.
Honeywell International Inc.
FUJIFILM Manufacturing Europe B.V.
Schlumberger Limited.
DIC CORPORATION
PARKER HANNIFIN CORP.

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VynZ Research assists enterprises in take strategic decisions for helping their businesses to grow. The reports developed by VynZ are based on market facts that include comprehensive analysis and quantification of market drivers, industry dynamics, opportunities, challenges, threats, market shares, and anticipated new trends & technologies arising across a wide range of industries.
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Last Updated May 4, 2023