What Factors Propelled The Growth Of The Gas Separation Membrane Market In The Past?
The gas separation membrane market has seen considerable growth due to a variety of factors.
• The market size for gas separation membranes has seen substantial expansion in the recent past. Its size is projected to escalate from $2.29 billion in 2024 to $2.52 billion in 2025, marking a compound annual growth rate (CAGR) of 10.2%.
The progression observed in the historical period is credited to industrial advancement, regulatory measures for the environment, exploration of oil and gas, increasing ecological awareness in manufacturing processes, water purification, and food and drink processing.
What Does Future Hold for The Gas Separation Membrane Market Size?
The gas separation membrane market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the gas separation membrane market is projected to experience significant growth, reaching a market size of $3.72 billion by 2029, with a compound annual growth rate (CAGR) of 10.3%.
This growth during the forecast period may be due to the development of the hydrogen economy, the manufacturing of electronics, the separation of air for industrial gases, the pulp and paper industry, the rising demand for clean energy, and waste-to-energy conversion. Key trends for the forecast period encompass polymer membrane technologies, carbon capture and storage (CCS), hollow fiber membranes, metal-organic framework (MOF) membranes, and air separation units (ASUs).
What Main Forces Are Fueling Expansion In The Gas Separation Membrane Market?
The gas separation membrane market is being propelled by the escalating demand for biogas. Biogas, a fusion of methane, carbon dioxide, and minuscule amounts of other gases, is created by the anaerobic decomposition of organic materials in an environment devoid of oxygen. The heightened need for biogas is due to growing concerns over environmental safety and the call for sustainable energy sources. Gas separation membranes contribute to the production of biogas. To illustrate, the American Biogas Council, a national trade organization based in the United States, revealed in February 2024 that 2023 saw the third successive year of record-breaking growth in the biogas sector, with around 100 new ventures launched, culminating in $1.8 billion in capital investments. This advancement is forecasted to persist in 2024, with over 100 new projects expected to commence operations within the year. Consequently, the rising utilization of biogas is set to boost demand in the gas separation membrane market.
What Is The Segmentation Of The Global Gas Separation Membrane Market?
The gas separation membrane market covered in this report is segmented –
1) By Product Type: Polyimide And Polyaramid, Polysulfone, Cellulose Acetate, Other Products
2) By Module: Hollow Fiber, Spiral Wound, Plate And Frame, Other Modules
3) By Application: Nitrogen Generation And Oxygen Enrichment, Hydrogen Recovery, Carbon Dioxide Removal, Vapor Or Gas Separation, Vapor Or Vapor Separation, Air Dehydration, Other Application
4) By End Use Industry: Chemical, Oil And Gas Industry, Electric Power, Food And Beverages, Other End Use Industry
Subsegments:
1) By Polyimide And Polyaramid: High-performance Polyimide Membranes, Polyaramid Membranes
2) By Polysulfone: Asymmetric Polysulfone Membranes, Composite Polysulfone Membranes
3) By Cellulose Acetate: Flat Sheet Cellulose Acetate Membranes, Hollow Fiber Cellulose Acetate Membranes
4) By Other Products: Ceramic Membranes, Mixed Matrix Membranes, Metal Membranes
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What Emerging Trends Are Shaping The Gas Separation Membrane Market?
Key players in the gas separation membrane market are concentrating their efforts on the advancement of biogas membrane technology to improve the effectiveness and efficiency of biogas purification processes. Biogas membrane technology is a unique filtration system that selectively filters gases, specifically methane and carbon dioxide, from biogas, facilitating its purification and upgrading for use as a renewable energy source. This is greatly utilized in the waste management and renewable energy sectors to elevate the quality of biogas for purposes like electricity generation, vehicle fuel, and integration into natural gas grids. For example, in September 2024, Evonik, a German chemical company, introduced its most recent biogas membrane, the SEPURAN Green G5X 11, created to optimize the conversion of biogas into renewable natural gas (RNG), applicable in large-scale endeavours such as landfills, agricultural locations, and wastewater treatment plants.
Who Are the Key Players in the Gas Separation Membrane Market?
Major companies operating in the gas separation membrane market include:
• Schlumberger Limited
• Evonik Industries AG
• Parker-Hannifin Corporation
• Air Liquide Advanced Separations
• Air Products and Chemicals Inc.
• W. L. Gore & Associates Inc.
• UBE Corporation
• Honeywell UOP LLC
• Chart Industries Inc.
• Yantai Moon New Energy Materials Co. Ltd.
• Porvair Filtration Group Ltd.
• Membracon Incorporated
• Xebec Adsorption Inc.
• Carbon Clean Solutions Limited
• Generon IGS Inc.
• Zhejiang Yuanda Air Separation Equipment Co. Ltd.
• GRASYS JSC
• Membrane Technology and Research (MTR) Inc.
• PETROSEP Corporation
• Advantec MFS Inc.
• AirSep Corporation
• Tianjin Univtech Co. Ltd.
What are the Regional Insights into the Gas Separation Membrane Market?
Asia-Pacific was the largest region in the gas separation membrane market in 2024. Asia-Pacific region is expected to be the fastest-growing region in the gas separation membrane market share during the forecast period. The regions covered in the gas separation membrane market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
