Gas Separation Membrane Market to Record an Exponential CAGR by 2026
Gas
separation membranes are installed to separate and filter
constituents from the rest of the combination. These membranes are
primarily employed in industrial applications. Gas separation
membranes are majorly used in controlling air pollution, treatment of
industrial gas, chemical industry, pharmaceutical procedure, and the
food processing industry. Increase in industrialization and
implementation of strict environmental regulations by governments of
prominent developed and developing countries are the key factors
driving the demand for gas separation membranes. However, rise in
usage of plastics in preparation of gas separation membrane is
expected to hamper the demand, as these membrane cannot be used for
high temperature applications.
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Gas
Separation Membrane Market: Segmentation
The
global gas separation membrane market can be segmented based on
material, application, and region. In terms of material, the gas
separation membrane market can be classified into polyimide &
polyaramid, polysulfone, and cellulose acetate. Based on application,
the gas separation membrane market can be divided into carbon dioxide
removal, vapor/vapor separation, hydrogen recovery, nitrogen
generation, and oxygen enrichment. Based on material, polyamide &
polyaramid is expected to remain the dominant segment during forecast
period. Polyamide & polyaramide possess excellent chemical and
thermal resistant properties compared to other materials. This is
driving the demand for polyamide & polyaramide based gas
separation membrane during the forecast period. In terms of
application, the carbon dioxide removal segment is expected to remain
dominant during the forecast period. Implementation of stringent
environmental restriction norms related to the release of carbon
dioxide is the prominent factor driving the demand for gas separation
membranes. The vapor/vapor separation segment is expected to expand
at a significant pace during the forecast period.
Gas
Separation Membrane Market: Regional Outlook
Based
on region, the global gas separation membrane market can be segmented
into North America, Europe, Asia Pacific, Latin America, and Middle
East & Africa. Asia Pacific is anticipated to dominate the global
gas separation membrane market during the forecast period. Growth in
end-use industries such as food processing, pharmaceutical, is the
key factor anticipated to propel the demand for gas separation
membranes during the forecast period. China and India are projected
to contribute significantly to the gas separation membrane market in
Asia Pacific during the forecast period. Major end-user industries
are located in these regions. After Asia Pacific, North America is
expected to be major region of the global gas separation membrane
market. Presence of leading pharmaceutical companies, expansion in
the food processing industry, and implementation of stringent
environmental regulations are the prominent factors driving the
demand for gas separation membranes. After North America, the market
in Europe is anticipated to expand at a moderate pace during the
forecast period due to the increase in demand for these membranes in
the food processing industry in Western Europe. The market in Latin
America and Middle East & Africa is likely to expand at a
sluggish pace during the forecast period.
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Gas
Separation Membrane Market: Key Players
The
global gas separation membrane market is consolidated. The leading
players account for major share of the market. Key players operating
in the global gas separation membrane market include Air Products and
Chemicals, Inc., Ube Industries, Generon IGS Inc., Air Liquide
Advanced Separation LLC, Honeywell UOP LLC, DIC Corporation, and
Membrane Technology and Research Inc.
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