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Gas Separation Membranes Market worth $1.2 billion by 2026

 



(IT-NEWSWIRE.COM, August 11, 2022 ) The global Gas Separation Membranes Market size is projected to reach USD 1.2 billion by 2026 from USD 0.9 billion in 2021, at a CAGR of 6.7% during the forecast period. The overall increase in demand for gas separation membranes in carbon dioxide removal, oil and natural gas refining processes, and nitrogen gas production are driving the global gas separation membranes market. Membrane-based gas separation is more viable and cost-effective compared to traditional technologies such as absorption, distillation, compression-condensation, and others. Membrane technology is cost-effective, especially in syngas cleaning and conditioning, nitrogen production, and carbon dioxide capturing from flue gas as it does not require thermal energy and pressure cycling. The overall operating cost of gas separation membrane technology is much lower than conventional technologies.

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Gas separation membranes are used to separate gases based on the differences in permeability of the species flowing through the membrane. Membrane-based gas separation relies on the ability of various components of a feed stream to permeate a membrane at different rates. Membranes used for gas separation are of different types, namely, polymeric, metallic, inorganic, and matrix membranes. Polymeric membranes are the only commercialized membranes that are used in various applications. Air Products and Chemicals, Inc. (US), Air Liquide Advanced Separations (France), Ube Industries, Ltd. (Japan), Honeywell UOP (US), Fujifilm Manufacturing Europe B.V. (Netherlands), Schlumberger Limited (US), DIC Corporation (Japan), Parker-Hannifin Corporation (US), Membrane Technology and Research, Inc. (US), and Generon, Inc. (US) are the major players in the market.

Based on material type, the gas separation membranes market is segmented into polyimide & polyaramide, polysulfone, cellulose acetate, and others. The polyimide & polyaramide segment is the largest, which is projected to continue till 2026. The key growth driver of the high consumption of this material type is owing to properties such as good permeation rates, good selectivity, high chemical and thermal stability, mechanical strength, and good film-forming properties. Polyimide & polyaramide gas separation membranes are used for separating one or more gases from a gaseous mixture as they exhibit good permeation rates with good selectivity. Polyimide & polyaramide membranes have increasing demand in carbon dioxide removal application.

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Browse in-depth TOC on "Gas Separation Membranes Market”
112 - Market Data Tables
42 - Figures
159 - Pages

Based on application, the gas separation membranes market is segmented into nitrogen generation & oxygen enrichment, hydrogen recovery, carbon dioxide removal, vapor/gas separation, vapor/vapor separation, air dehydration, and others. The carbon dioxide removal segment is the largest consumer of gas separation membranes. Carbon dioxide is commonly found in natural gas, and its separation is necessary to meet pipeline requirements or other specifications. Also, in carbon capture and storage (CCS) processes, carbon dioxide has to be separated from the exhaust gas streams before the subsequent transportation and storage. Membrane gas separation technology is one of the efficient solutions for carbon dioxide removal as it is more compact, energy-efficient, and possibly more economical than conventional technologies, such as solvent absorption.

APAC is the largest market for gas separation membranes. This large market share is primarily attributed to increasing demand for natural gas, biogas, and other sustainable energy solutions in emerging economies, such as India, China, Indonesia, Malaysia, Vietnam, Singapore, and Thailand, in the region. Moreover, growth in population and increasing urbanization rate are also driving the industrial growth and energy demand. In addition, growth in industrialization, increasing demand due to changing demographics, and government initiatives to attract business investments in industries such as power, oil & gas, packaging, metal processing & fabrication, and electronics are also driving the market for gas separation membranes in the region.

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