Chemical

According to a market report by Lucintel, the future of the global gas separation membrane market looks promising with opportunities in the nitrogen generation & oxygen enrichment, hydrogen recovery, carbon dioxide removal, vapour/gas separation, vapour/vapour separation, and air dehydration markets. The global gas separation membrane market is expected to reach an estimated $2.0 billion by 2028 with a CAGR of 7% from 2023 to 2028. The major drivers for this market are growing demand for biogas and natural gas production, increasing number of research and development activities to improve the efficacy of gas separation membranes, and stringent government regulations governing GHG emissions.



In this market, polyimide & polyaramide, polysulfone, and cellulose acetate are different segments of gas separation membrane by material type. Lucintel forecasts that polyimide & polyaramide will remain the fastest growing segment over the forecast period owing to its high stability in chemical & thermal strength and mechanical strength and good mechanical properties.  

Within this market, carbon dioxide removal segment will remain the largest due to its growing demand for better processing and transmission of natural gas.  



APAC will remain the largest region during the forecast period due to rapid industrialization, increasing natural gas consumption in the industrial, residential, and commercial applications, and growing demand of carbon dioxide removal from reservoirs.



Air Products and Chemicals, UBE Corporation, Air Liquide Advanced Separations, DIC Corporation, Fujifilm Corporation, Parker-Hannifin Corporation, and Generon are the major suppliers in the global gas separation membrane market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global gas separation membrane market by material type, module, application, end use industry, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Gas Separation Membrane Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global gas separation membrane market by material type, module, application, end use industry, and region, as follows:

 

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the gas separation membrane market by material type (polyimide & polyaramide, polysulfone, cellulose acetate, and others), module (hollow fiber, spiral wound, plate & frame, and others), application (nitrogen generation & oxygen enrichment, hydrogen recovery, carbon dioxide removal, vapour/gas separation, vapour/vapour separation, and air dehydration), end use industry (chemicals, oil & gas, power generation, pharmaceuticals, pollution control, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity did occur in the last five years and how did they impact the industry?