Gas Separation Membrane Global Market Worth $3.34 Billion By 2028 Rapid Growth Predicted CAGR of 9.9% | DIC Corporation, UBE Corporation, Honeywell UOP LLC, Chart Industries Inc., Generon IGS Inc.

Gas Separation Membrane Market

Overview and Scope
A gas separation membrane is used when there is a pressure difference between the inlet raw material and the outlet of the product, and the gases are separated according to the membrane pore size, particle diameter, and others. Ammonia plants, petrochemical industries, natural gas processing units, and others use the gas separation membrane to separate gases such as hydrogen and nitrogen in ammonia plants and hydrogen and hydrocarbon separations in petrochemical applications and many more.

Sizing and Forecast
The gas separation membrane market size has grown rapidly in recent years. It will grow from $2.07 billion in 2023 to $2.29 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%.  The growth in the historic period can be attributed to industrial growth, environmental regulations, oil and gas exploration, environmental consciousness in manufacturing, water treatment, food and beverage processing.

The gas separation membrane market size is expected to see strong growth in the next few years. It will grow to $3.34 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%.  The growth in the forecast period can be attributed to hydrogen economy development, electronics manufacturing, air separation for industrial gases, pulp and paper industry, increasing demand for clean energy, waste-to-energy conversion. Major trends in the forecast period include polymer membrane technologies, carbon capture and storage (CCS), hollow fiber membranes, metal-organic framework (MOF) membranes, air separation units (ASUs).

Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/gas-separation-membrane-global-market-report

Segmentation & Regional Insights
The gas separation membrane market covered in this report is segmented –

1) By Product Type: Polyimide And Polyaramid, Polysulfone, Cellulose Acetate, Other Products
2) By Module: Hollow Fiber, Spiral Wound, Plate And Frame, Other Modules
3) By Application: Nitrogen Generation And Oxygen Enrichment, Hydrogen Recovery, Carbon Dioxide Removal, Vapor/Gas Separation, Vapor/Vapor Separation, Air Dehydration, Other Application
4) By End Use Industry: Chemical, Oil And Gas Industry, Electric Power, Food And Beverages, Other End Use Industry

Asia-Pacific was the largest region in the gas separation membrane market in 2023. Asia-Pacific region is expected to be the fastest-growing region in the gas separation membrane market share during the forecast period. The regions covered in the gas separation membrane market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7757&type=smp

Major Driver Impacting Market Growth
The growing demand for biogas is driving the gas separation membrane market. Biogas is a mixture of methane, carbon dioxide, and trace amounts of other gases created by the anaerobic decomposition of organic materials in an oxygen-free environment. Biogas is high in demand due to rising environmental safety issues and the demand for sustainable energy. Gas separation membranes are used in manufacturing biogas. For instance, in July 2020, according to World Biogas Association, the global trade association for biogas, by 2030, the US will produce ten times as much biogas as it is producing now. Moreover, according to the International Energy Agency, a Paris-based autonomous intergovernmental organization, about 200 million individuals, half of whom are in Africa, will abandon the conventional use of biomass through biogas by 2030. Thus, the increase in the usage of biogas will propel the demand for gas separation membrane market.

Key Industry Players
Major companies operating in the gas separation membrane market report are Schlumberger Limited, Evonik Industries AG, Parker-Hannifin Corporation, Air Liquide Advanced Separations, Atlas Copco AB, Air Products and Chemicals Inc., Celanese Corporation, DIC Corporation, W. L. Gore & Associates Inc., UBE Corporation, Honeywell UOP LLC, Chart Industries Inc., GKN Powder Metallurgy Ltd., Yantai Moon New Energy Materials Co. Ltd., Porvair Filtration Group Ltd., Membracon Incorporated, Xebec Adsorption Inc., Carbon Clean Solutions Limited, Generon IGS Inc., Zhejiang Yuanda Air Separation Equipment Co. Ltd., GRASYS JSC, Membrane Technology and Research (MTR) Inc., AMCS Corporation, PETROSEP Corporation, Advantec MFS Inc., AirSep Corporation, FUJIFILM Manufacturing Europe B.V., Fujian Uplion Chemical Co. Ltd., Tianjin Univtech Co. Ltd., Guangzhou Hanyang Bio-Technology Co. Ltd.

The gas separation membrane market report table of contents includes:
1. Executive Summary

  1. Gas Separation Membrane Market Characteristics
  2. Gas Separation Membrane Product
  3. Gas Separation Membrane Market Trends And Strategies
  4. Gas Separation Membrane Market – Macro Economic Scenario

…..

  1. Gas Separation Membrane Market Other Major And Innovative Companies
  2. Global Gas Separation Membrane Market Competitive Benchmarking
  3. Global Gas Separation Membrane Market Competitive Dashboard
  4. Key Mergers And Acquisitions In The Gas Separation Membrane Market
  5. Gas Separation Membrane Market Future Outlook and Potential Analysis
  6. Appendix

Explore the trending research reports from TBRC:
https://topprnews.com/gluten-feed-market

https://topprnews.com/organic-feed-market

https://topprnews.com/organic-pigments-market

https://goodprnews.com/rapeseed-oil-market

https://goodprnews.com/gluten-feed-market

https://goodprnews.com/manufactured-soil-market

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info

Healthcare Blog: https://healthcareresearchreports.com

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model