Gas Separation Membrane Market 2019: With Top Key Player and Countries Data: Trends and Forecast 2023, Industry Analysis by Regions, Type and Applications: MRFR

Gas Separation Membrane Market 2019: With Top Key Player and Countries Data: Trends and Forecast 2023, Industry Analysis by Regions, Type and Applications: MRFR

“”Global Gas Separation Membrane Market “”
The global Gas Separation Membrane Market has been segmented on the basis of material type, application, end-use industry, and region. The global gas separation membrane market is set to grow at a high CAGR owing to increasing product demand for CO2 removal

Segregation of Dangerous Effluents to Drive Global Gas Separation Membrane Market

Gas separation membranes are filters used extensively in chemical and oil & gas industries. It is used in separating harmful chemicals from mixing with waste streams, separation of gases such as nitrogen and air, and others. Membranes used include microporous inorganic, porous inorganic, polymeric, and hybrid. The global gas separation membrane market report by Market Research Future (MRFR) contains various drivers, restraints, and opportunities with an emphasis on segmentation and regions.

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Market Overview

The global gas separation membrane market is expected to exhibit a stellar growth rate from 2018 to 2023 (forecast period). The increased use of these filters due to their low investments is expected to drive market demand. Concerns regarding CO2 emissions caused by global warming can drive the market volume exponentially. Strict government regulation for curbing the emission rate of greenhouse gases can facilitate the trend.

Moreover, increasing demand for membrane separation in natural gas treatment, hydrocarbon separation, and hydrogen purification can boost the market growth. Researchers at the Colorado School of Mines in 2018 proposed a new system which combines the use of membranes and gas hydrates for separating of natural gas from methane.

However, restrictions on the usage of plastic polymeric membranes can impede market growth.

Segmentation

The gas separation membrane market is segmented by material type, application, and end-use industry.

By material type, it is segmented into polymeric, microporous organic, porous inorganic, hybrid, and others. The polymeric segment had accounted for a large market share due to the need for polyimides for CO2 separation membranes. Chemical stability, good mechanical strength, and easy manufacturing process are factors facilitating segment growth. Furthermore, these filters can withstand temperatures till 400 degrees Celsius.

By application, it is segmented into hydrocarbons recovery, hydrogen recovery, CO2 removal, industrial gases separation, acid gases separation from natural gas, and others. The CO2 removal segment is held a large market share in 2017 due to membrane technology being used extensively and supportive government regulations.

By end-use industry, it is segmented into food & beverages, oil & gas, chemical, electric power, and others. The electric power industry was the leading end-user in 2017.

Regional Analysis

Geographically, the gas separation membrane market covers the Middle East & Africa (MEA), North America, Latin America, Europe, and Asia Pacific (APAC).

The APAC region had dominated the market in 2017 due to the use of filters for separating CO2 emissions from industrial effluents. Stringent government policies and extraction of minerals and other elements can evoke the demand of gas separation membranes. Massive demand for filters in oil & gas, chemicals, and food processing sectors in India and China can bode well for the global market growth. Expansion of end-use industries and the rising population are factors which can purportedly augment the regional market size over the forecast period. Developments in technology and consolidations in the region can work in favor of the market.

The Europe region can account for a significant market share due to the establishment of natural gas production plants for separation of acid gases. On the other hand, the North America region is ripe for the gas separation membrane market due to exploration activities of shale gas.

Competition

DIC Corporation, Evonik Industries AG, Air Liquide Advanced Separation, Generon IGS Inc., SRI International,Schlumberger Limited,FUJIFILM Manufacturing Europe BV,Ube Industries Ltd,Honeywell International Inc,Air Products and Chemicals Inc,Membrane Technology and Research Inc., and others are major players within the gas separation membrane market.

Acquisitions, agreements, and joint ventures are strategies implemented by these players for gaining an edge in the market. New product launches have attracted clientele due to its efficiency. The SEPURAN line of products by Evonik has membranes manufactured from eco-friendly materials due to sustainable approaches as well as increasing regulations by federal agencies.

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