Research Nester published a report titled “Gas Separation Membranes Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global gas separation membranes market in terms of market segmentation by material type, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global gas separation membranes market is estimated to occupy a sizeable revenue by growing at a CAGR of ~6% during the forecast period, i.e., 2022 – 2030, owing to the escalating demand for membranes in carbon dioxide separation processes, and high cost-effectiveness of this technology. Apart from these, growing demand for biogas worldwide and spiraling concerns associated with global warming are also expected to drive market growth in the coming years.
The global gas separation membranes market is segmented by material type and application. Based on material type, the polyimide & polyaramide segment is anticipated to grab the largest market share during the forecast period on the back of superior permeability, selectivity, mechanical strength and high chemical stability of the material. Additionally, on the basis of application, the carbon dioxide removal segment is projected to occupy the most significant share over the forecast period attributing to the surge in demand for shale gas in North America.
Geographically, the market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific is assessed to acquire the largest share and grow by the noteworthy market growth rate during the forecast period attributing to the growing demand for fresh water and sanitation, and escalating urbanization in the region. The United Nations depicted in one its report that Asia was home to 54 percent of the world’s total urban population in 2018. That year, the level of urbanization in Asia reached 50 percent. Moreover, the market in Europe is evaluated to grab a significant share by the end of 2030, which can be credited to the rise in usage of biogas in the region.
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The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Demand for Membranes in Carbon Dioxide Separation Processes to Expand Market
Carbon dioxide, which falls under the category of acid gases is found in high levels in natural gas. It must be removed to prevent freezing in low-temperature chillers in liquified natural gas plants. This in turn is giving rise to the upsurge in demand for membranes for several gas separation processes for better processing and transmission of natural gas, which is considered to be a crucial factor predicted to boost the market growth in the near future.
However, technical disadvantages as compared to other gas separation technologies are expected to operate as key restraint to the growth of the global gas separation membranes market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global gas separation membranes market which includes company profiling of Ube Industries Ltd., Air Products and Chemicals Inc., Membrane Technology and Research Inc., Generon IGS, Inc., Air Liquide S.A., DIC Corp., FUJIFILM Holdings Corp., Honeywell International Inc., LAIR LIQUIDE SA, Schlumberger Ltd., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global gas separation membranes market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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