The global gas separation membrane market is projected to witness significant growth in the coming years due to increasing demand from various end-use industries such as oil and gas, food and beverage, and healthcare. Gas separation membranes are used to separate and purify different types of gases and are an essential component in various industrialprocesses.
AccordingtoarecentreportbyVynZResearch,theglobalgasseparation membranemarketwasvaluedatUSD1billionin2020andisprojectedto reach USD 1.5 billion by 2027, growing at a CAGR of 6.8% during the forecastperiod.
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The increasing demand for gas separation membranes from the oil and gasindustryisoneofthemajorfactors driving thegrowthof theglobal market. Gas separation membranes are used for separating natural gas andremovingimpurities,whichisnecessaryfordownstreamprocesses.
Thegrowingdemandforcleanandpotablewaterisanotherkeydriverof theglobalgasseparationmembranemarket.Gasseparationmembranes areusedinwatertreatmentplantstopurifywaterbyremovingimpurities andcontaminants.
Basedonmaterialtype,theglobalgasseparationmembranemarketsize issegregatedintopolyimide&polyamide,polysulfone,celluloseacetate, andothers.
Based on application, the global gas separation membrane market is segmentedintonitrogengeneration&oxygenenrichment,carbondioxide removal,vapor/gasseparation,vapor/vaporseparation,airdehydration, hydrogen recovery, and others. The nitrogen generation & oxygen enrichmentsegmentaccountedforthelargestmarketsharein2020and isexpectedtomaintainitsdominanceduringtheforecastperiod.
Source:VynZResearch