PUBLISHER: Lucintel | PRODUCT CODE: 1289736
PUBLISHER: Lucintel | PRODUCT CODE: 1289736
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 $2.0 billion by 2028 with a CAGR of 7% from 2023 to 2028. The major drivers for this market are growing demand for biogas and natural gas production, increasing number of research and development activities to improve the efficacy of gas separation membranes, and stringent government regulations governing GHG emissions.
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The study includes trends and forecast for the global gas separation membrane market by material type, module, application, end use industry, and region, as follows:
Gas Separation Membrane Market by Material Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Gas Separation Membrane Market by Module [Value ($B) Shipment Analysis from 2017 to 2028]:
Gas Separation Membrane Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
Gas Separation Membrane Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
Gas Separation Membrane Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, gas separation membrane companies in the global market cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the gas separation membrane companies in the global gas separation membrane market profiled in this report include.
FAQ
Q1. What is the gas separation membrane market size?
Answer: The global gas separation membrane market is expected to reach an estimated $2.0 billion by 2028.
Q2. What is the growth forecast for gas separation membrane market?
Answer: The global gas separation membrane market is expected to grow with a CAGR of 7% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the gas separation membrane market?
Answer: 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.
Q4. What are the major segments for gas separation membrane market?
Answer: 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.
Q5. Who are the key gas separation membrane companies?
Answer: Some of the key gas separation membrane companies are as follows:
Q6. Which gas separation membrane segment will be the largest in future?
Answer: 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.
Q7. In gas separation membrane market, which region is expected to be the largest in next 5 years?
Answer: 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.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.