PUBLISHER: Grand View Research | PRODUCT CODE: 1493481
PUBLISHER: Grand View Research | PRODUCT CODE: 1493481
The global gas separation membrane market size is expected to reach USD 2.16 billion by 2030, registering a CAGR of 6.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is anticipated to grow on account of the growing demand for petrochemicals, oil & gas, food & beverage, power generation, pollution control, and chemicals industries. The gas membrane separation technology has progressed rapidly over the last two decades. Technological advancements related to durability enhancement and reduction of fouling potential are expected to have a favorable impact on the widespread adoption of gas membrane separation technologies. In addition, manufacturers have developed membranes that can withstand high operating temperatures and harsh chemical environments.
Furthermore, gas separation membranes play a crucial role in pollution control by enabling the separation, purification, and capture of harmful gases from industrial emissions and waste streams. Hence, growing industrialization in developing economies, such as India, Mexico, China, and Brazil, is expected to positively affect industry growth. China has emerged as the global production hub for several industries, such as chemicals, pigments, textiles, consumer electronics, and semiconductors & microchips. However, laxity in the enforcement of environmental laws has had a detrimental impact on water sources within the country. To reverse the environmental damage, the country has passed stringent laws to prevent water pollution. As a result, there has been a growing demand for water treatment plants, which further drive the market growth.
Polyethersulfone (PES) and polyvinylidene fluoride (PVDF) are two of the most widely used raw polymeric materials in the production of membrane modules. These polymers are mainly used in the automotive and aerospace industries. Membrane manufacturing accounts for a very small percentage of the overall demand for these polymers. Thus, these industries create competitive pressure in terms of raw material availability. The global membrane separation technology market is highly concentrated in nature with the top five players accounting for over 60% share of the overall market. The market is also characterized by a large number of players involved in capacity expansions and mergers & acquisitions to increase their industry share. International players are focusing on strategic acquisitions of small- as well as medium-scale companies to expand their product portfolio and strengthen their position in the market.