24-Mar-2020 | Zion Market Research
According to Zion Market Research, the global gas separation membranes market is estimated to grow from USD 846 million to USD 1.3 billion during 2019–2025, growing at a CAGR of 6.1%. The surging demand for biogas in the budding nations and affordable membrane separation are the attributes that are boosting the progress of the market. Nevertheless, the strict policies on the plasticization of polymeric membranes are major restraints for the market expansion. The gas separations membranes are chiefly utilized in water & wastewater treatment, food & beverage processing, chemical processing, industrial gas processing, pharmaceutical & medical application, and other applications. The gas separation technology is highly energy-efficient and more cost-effective compared to conventional technologies such as absorption, cryogenic distillation, and adsorption.
Some of the key players in this market Air Liquide Advanced Separations, Honeywell UOP, Air Products and Chemicals, Inc., Schlumberger Ltd., Fujifilm Manufacturing Europe B.V., DIC Corporation, Ube Industries Ltd., Membrane Technology and Research, Inc., Parker Hannifin Corporation, Generon IGS, Inc. These firms have adopted different inorganic and organic growth tactics amid 2017–2019 to reinforce their positions in the market. The key players adopted both organic and inorganic growth strategies to enhance their local presence and fulfill the rising demand for gas separation membranes from developing economies.
Rising Demand To Drive Up The Global Gas Separation Membranes Market
The worldwide gas separation membranes market is witnessing growth owing to the surge in demand from different end user applications. Since energy price goes up, the gas separation membrane technology is projected to play a key role in lowering the environmental impact and expenditure of industrial processes. The gas separations membranes are broadly utilized in food & beverage processing, pharmaceutical & medical application, water & wastewater treatment, industrial gas processing, chemical processing, and other applications. Furthermore, in comparison to the conservative separation technologies like absorption, cryogenic distillation, and adsorption, the industrial focus is now on the implementation of membrane-based gas separation.
The global gas separation membranes market is segmented based on material type, module type, applications, and geography. Based on the material type, the market is divided into cellulose acetate, polysulfone, polyimide & polyaramide, and others. The “others” material type consists of silicone rubber, polyether, polyphenylene oxide, polyethylene, polycarbonate, polydimethylsiloxane, polystyrene, ethyl cellulose, and perfluoropolymers. Based upon the module type, the market is segmented as hollow fiber, spiral wound, plate, frame, and others (tubular & capillary). Based on the application, the market is categorized in hydrogen recovery, air dehydration, vapor/gas separation, carbon dioxide removal, vapor/vapor separation, nitrogen generation & oxygen enrichment, and others (natural gas dehydration, hydrocarbons recovery, sulfur removal, sour gas treating, and helium separation & recovery).
Asia Pacific Estimated To Be The Biggest Gas Separation Membranes Market During 2019–2025
The growth in gas separation membranes market across the Asia Pacific region is predicted to record the highest CAGR throughout 2019–2025. This growth is driven chiefly by the higher demand for removal of carbon dioxide from reservoirs, rising demand for freshwater & sanitation, surging urbanization, and advancing the lifestyle. The high development and innovation, with industrial consolidations, are anticipated to lead to the fast growth of the market across the Asia Pacific region.
Browse the full “Gas Separation Membranes Market - Segmented By Material Type (Cellulose Acetate, Polysulfone, Polyimide & Polyaramide, Others), Module Type (Hollow Fiber, Spiral Wound, Plate, Frame, Others), Applications (Nitrogen Generation & Oxygen Enrichment, Air Dehydration, Vapor/Gas Separation, Carbon Dioxide Removal, Hydrogen Recovery, Vapor/Vapor Separation, Others), And Geography - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/gas-separation-membranes-market
The global gas separation membranes market is been segmented as follows:
Based on material type, as follows:
Based on module type:
Based on the application:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651