Gas Separation Membranes Market Industry Trends

Page 1

Gas Separation Membranes Market worth $1.2 billion by 2026 - Exclusive Report by MarketsandMarkets™ According to the new market research report "Gas Separation Membranes Market by Material Type (Polyimide &Polyaramide, PS, CA), Application (N2 Generation & O2 Enrichment, HR, CO2 removal, Vapor/Gas Separation, Vapor/Vapor Separation, AD), Module (SW, HF) and Region - Global Forecast to 2026” published by MarketsandMarkets™, The gas separation membranes market is published by MarketsandMarkets, the global gas separation membranes market size is projected to reach USD 1.2 billion by 2026 from USD 0.9 billion in 2021, at a CAGR of 6.7% during the forecast period. Download PDF Brochure at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=50564392 Browse and in-depth TOC on “Gas Separation Membranes Market” 112 - Tables 42 - Figures 159 - Pages View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/gas-separationmembrane-market-50564392.html The overall increase in demand for gas separation membranes in carbon dioxide removal, oil and natural gas refining processes, and nitrogen gas production are driving the global gas separation membranes market. Membrane-based gas separation is more viable and cost-effective compared to traditional technologies such as absorption, distillation, compression-condensation, and others. Membrane technology is cost-effective, especially in syngas cleaning and conditioning, nitrogen production, and carbon dioxide capturing from flue gas as it does not require thermal energy and pressure cycling. The overall operating cost of gas separation membrane technology is much lower than conventional technologies. Based on material type, polyimide &polyaramide segment is estimated to be the largest market in the overall gas separation membranes market in 2021. The polyimide &polyaramide segment is the largest and is also projected to continue this trend till 2026. The key growth driver of the high consumption of this material type is owing to properties such as good permeation rates, good selectivity, high chemical and thermal stability, mechanical strength, and good film-forming properties. Polyimide &polyaramide gas separation membranes are used for separating one or more gases from a gaseous mixture as they exhibit good permeation rates with good selectivity. Based on application, carbon dioxide removal is expected to be the largest gas separation membranes segment in 2021. The carbon dioxide removal segment is the largest consumer of gas separation membranes. Carbon dioxide is commonly found in natural gas, and its separation is necessary to meet pipeline requirements or other specifications. Also, in carbon capture and storage (CCS) processes, carbon dioxide has to be separated from the exhaust gas streams before the subsequent transportation and storage. Membrane gas separation technology is one of the efficient solutions for carbon dioxide removal as it is more compact, energy-efficient, and possibly more economical than conventional technologies, such as solvent absorption. Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=50564392 Based on region, APAC is projected to grow the fastest in the gas separation membranes market during the forecast period. APAC is the fastest-growing market for gas separation membranes. This large market share is primarily attributed to increasing demand for natural gas, biogas, and other sustainable energy solutions in emerging economies, such as India, China, Indonesia, Malaysia, Vietnam, Singapore, and Thailand, in the region. Moreover, growth in


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
Gas Separation Membranes Market Industry Trends by Kim Carter - Issuu