The gas separation membranes market is expected to increase at a CAGR of 5.9% from USD 798.5 million in 2022 to USD 1,245.5 million in 2028.
In many industrial applications and plants, gas separation processes play a critical role. Conventional gas separation methods such as absorption, adsorption, and distillation could be replaced with membrane-based gas separation. Membranes are used to separate gasses from a mixture of gasses with varying diameters. The notion of selective permeation via the membrane surface is used in gas separation membranes. The penetration rate of each gas is determined by the solubility of each gas molecule in the membrane material and the diffusion rate of each gas molecule. Small molecules and gas molecules with a high solubility pass through the membrane easily. Membrane-based gas separation has reduced operating and maintenance costs since it uses less energy, is chemical-free, and has fewer moving components. Materials used in gas separation membranes include cellulose acetate, polyamide, polysulfone, and others.
Gas Separation Membranes Market Drivers:
The market for gas separation membranes is growing due to various rules involving carbon capture and storage. The expansion of the gas separation membranes market would be aided by the development of mixed matrix membranes. The expanding demand for biogas in emerging countries, as well as the cost-effectiveness of membrane separation, and the commercialization of new and enhanced membrane systems are driving the market forward. In addition, when compared to other gas separation techniques, gas separation membranes have low capital costs, extended lifespans, and low energy consumption needs, which is one of the factors driving the market growth. Furthermore, rising environmental concerns have prompted manufacturers to employ gas separation membranes in order to limit dangerous gas emissions directly into the atmosphere, fueling market expansion.
Gas Separation Membranes Market Restraints:
Due to flux and selectivity concerns, there are some technological disadvantages that are impeding the expansion of the gas separation market, such as the inability to serve large-volume gas streams and compatibility with only moderate-volume gas streams.
Gas Separation Membranes Market Opportunities:
Market expansion is expected to be fueled by increased efficiency in gas purification and separation. Gas separation membranes provide excellent performance at high temperatures and pressures. As a result, they've become the best purifying technologies for natural gas production. The gas separation membrane market is expected to be driven by rising natural gas and shale gas output. The deployment of gas separation membranes has been driven by the upgrading of gas processing plants, bolstering growth during the anticipated period. Over the projection period, gas treatment plants are expected to have a high pace of investment, creating lucrative opportunities for gas separation membrane suppliers.
Gas Separation Membranes Market Challenges:
Upscaling and commercializing innovative products comes at a significant cost and takes a long period, which is a major challenge for market players.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2022-2028 |
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Base Year |
2022 |
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Forecast Period |
2023-2028 |
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CAGR |
5.9% |
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Segments Covered |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
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Market Leaders Profiled |
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Market Segmentation:
The polyimide and polyamide segment is the largest, and it's expected to keep growing through 2028. Because of qualities like superior permeation rates, selectivity, chemical, and thermal stability, mechanical strength, and film-forming properties, this material type's high consumption is a key growth driver. Gas separation membranes made of polyimide and polyamide are used to separate one or more gasses from a gaseous mixture because they have high penetration rates and selectivity. Because of their higher permeability and stability, polyimide membranes have become more popular for gas separation. The demand for polyimide and polyamide membranes in carbon dioxide removal applications is growing.
The main application of gas separation membranes is the carbon dioxide removal market. Carbon dioxide is a frequent component of natural gas, and it must be separated in order to fulfill the pipeline or other specifications. Carbon dioxide must also be isolated from exhaust gas streams before transportation and storage in carbon capture and storage (CCS) operations. Membrane gas separation technology is one of the most effective methods for removing carbon dioxide because it is more compact, energy-efficient, and potentially more cost-effective than traditional methods like solvent absorption.
Water and waste treatment
Food and beverage
Pharmaceutical
The market is predicted to increase due to the increasing use of these membranes in end-use sectors such as food & beverages. These membranes are widely utilized in the filtering of hazardous gasses that can harm human health and the environment.
• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa
The fastest-growing market for gas separation membranes is the Asia Pacific. The rising demand for natural gas, biogas, and other ecologically sustainable energy options in developing economies such as India, China, Indonesia, Malaysia, and others in the region is mostly to blame for this growth. Furthermore, population increase and the pace of urbanization are driving market growth and energy demand. Furthermore, increased industrialization, rising 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 driving the market for gas separation membranes in the region.
The United States is expected to hold a sizable proportion of the global Gas Separation Membrane market. The entire North American market, particularly in the United States, is likely to be driven by the existence of well-established chemical and oil production plants, significant manufacturing businesses, and increased investment in R&D activities.
Europe was the largest user of gas separation membranes, accounting for more than a third of global consumption. European markets incurred massive losses in the first quarter of 2020, as it was the worst-affected area. While death rates have decreased in the second quarter, the number of coronavirus cases has not decreased. The opportunities for regional growth have been diminished as a result of this.
Recent Developments:
During the lockdown, manufacturing and factory operations in the automotive, metal processing, oil and gas, electronics, and aerospace industries were briefly halted. China is the primary source of raw materials for the majority of industries. As a result, supply chain disruptions have harmed market output significantly. The global economy has suffered as a result of the pandemic. COVID-19 had a negative impact on gas separation membrane companies' sales volume in the first and second quarters of 2020. Major market corporations are decreasing risk by focusing on local management and chasing previously untapped market potential. The coronavirus outbreak has caused widespread concern around the world. Natural gas trading has been harmed as a result of the stoppage of extraction activities, the shutdown of production units, and the suspension of logistical arrangements. Every refinery, plant, and natural gas processing plant has shut down as a result of the pandemic, putting a damper on the market.
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