Gas Separation Membranes Global Market Report 2022: Escalating Demand for Membrane Separation Technology in Various End-Use Applications Driving Growth

DUBLIN, Nov. 7, 2022 /PRNewswire/ -- The "Gas Separation Membranes - Global Market Trajectory & Analytics" report has been added to  ResearchAndMarkets.com's offering.

Global Gas Separation Membranes Market to Reach $1.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Gas Separation Membranes estimated at US$822.1 Million in the year 2020, is projected to reach a revised size of US$1.2 Billion by 2027, growing at a CAGR of 5.6% over the period 2020-2027. Polyimide & Polyaramide, one of the segments analyzed in the report, is projected to record a 6.1% CAGR and reach US$583.6 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Polysulfone segment is readjusted to a revised 5.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $165.5 Million, While China is Forecast to Grow at 7.5% CAGR

The Gas Separation Membranes market in the U.S. is estimated at US$165.5 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$245.2 Million by the year 2027 trailing a CAGR of 7.5% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$171.2 Million by the year 2027.

Cellulose Acetate Segment to Record 5.5% CAGR

In the global Cellulose Acetate segment, USA, Canada, Japan, China and Europe will drive the 5.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$106.6 Million in the year 2020 will reach a projected size of US$151 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 6.2% CAGR through the analysis period.

Select Competitors (Total 47 Featured)

• Air Liquide SA - Air Products and Chemicals, Inc. - DIC Corporation - Evonik Industries AG - FUJIFILM Manufacturing Europe B.V. - GENERON IGS, Inc.
• Honeywell UOP
• Membrane Technology and Research, Inc.
• Parker-Hannifin Corporation
• Schlumberger Ltd.
• Ube Industries, Ltd.
• UGS LLC

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Market Benefits from the Escalating Demand for Membrane Separation Technology in Various End-Use Applications
• Impact of COVID-19 on Natural Gas Consumption Hampers Gas Separation Membrane Market
• With Consumption of Natural Gas to Grow Post COVID-19, Demand to Rise for Membranes Use to Separate or Remove CO2 from Natural Gas
• Evonik Unveils High-Performance Membrane for Natural Gas Processing
• Rising Significance of Membrane-based CO2 Capture Technologies
• Fixed-Site-Carrier (FSC) Membranes and Mixed Matrix Membranes (MMMs) for Gas Separation
• Ongoing Advancements to Improve Competitiveness of Membrane Process for CO2 Separation
• COVID-19 Impact on Biogas Production Hinders Market Growth
• Rapidly Growing Demand for Biogas Augurs Well for Gas Separation Membranes Market
• Demand for Membrane Separation Technology Rises in Syngas Cleaning
• Application of Membrane Technology in Nitrogen Generation
• Significant Role of Gas Separation Membrane Technology in Reducing Environmental Impact of Industrial Processes
• Growing Use of Polymeric Gas-Separation Membranes in Petroleum Refining Application
• Petroleum Industry Processes with Use of Membrane Technology
• Membrane Materials Used for Gas Separation Processes in Refineries: A Review
• Mixed Matrix Membranes Present Considerable Growth Opportunities for the Market
• Graphene Oxide Membranes to Break Existing Gas Separation Performance Barrier
• Technological Advancements to Bolster Market Prospects
• Zeolitic Nanosheets Enhance Gas Separation Membranes' Fabrication
• Polyphosphazene Membranes Demonstrate Significant Throughput and Selectivity for CO2

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

Companies Mentioned

• Air Liquide SA
• Air Products and Chemicals, Inc.
• DIC Corporation
• Evonik Industries AG
• FUJIFILM Manufacturing Europe B.V.
• GENERON IGS, Inc.
• Honeywell UOP
• Membrane Technology and Research, Inc.
• Parker-Hannifin Corporation
• Schlumberger Ltd.
• Ube Industries, Ltd.
• UGS LLC

For more information about this report visit https://www.researchandmarkets.com/r/pofy5o

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