PUBLISHER: The Business Research Company | PRODUCT CODE: 1543834
PUBLISHER: The Business Research Company | PRODUCT CODE: 1543834
Gas separation membranes are specialized materials used to selectively separate gases from a mixture, based on the differences in their physical or chemical properties. These membranes are essential in various industrial processes for the purification, separation and recovery of gases. They are primarily utilized by industries that require high-purity gases or need to remove specific gases from a mixture to improve process efficiency, product quality or environmental compliance.
The gas separation membrane market consists of sales, by entities (organizations, sole traders and partnerships), of gas separation membrane products which are employed to generate nitrogen and oxygen from air, recover hydrogen in refinery operations, remove carbon dioxide from natural gas and separate hydrocarbons in petrochemical plants.
The global gas separation membrane market was valued at $1,523.09 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 6.0%.
Strong Economic Growth In Emerging Markets
During the historic period, the gas separation membrane market was mainly driven by strong economic growth in emerging markets. Significant industrial expansion in emerging markets increased demand for efficient gas separation technologies. Rapid infrastructure development and rising energy needs, especially in natural gas processing, further drove adoption. Strong economic growth and foreign investments boosted industrial activities, while heightened environmental awareness and regulations promoted cleaner gas separation solutions. For instance, according to the World Bank, China's gross domestic product (GDP) grew to $17.94 trillion in 2022, compared to $17.82 trillion in 2021 and $11.06 trillion in 2015. Additionally, India's gross domestic product (GDP) grew by between 8% and 8.5% in 2022-2023 and 9.2% in 2021-2022. Therefore, strong economic growth in emerging markets contributed to the growth of the gas separation membrane market.
Innovations In Hydrogen Gas Separation And Purification For Enhanced Efficiency And Sustainability
Major companies in the gas separation membrane market are prioritizing innovation in the industrial gas separation and purification sector for enhanced efficiency, sustainability and cost-effectiveness. These innovations are particularly impactful in the oil and gas industry, where the separation and purification processes are crucial for the production of high-purity hydrogen. For example, in May 2024, Divigas, an Australia-based oil and gas membrane manufacturing company, developed a high-selectivity hollow fiber polymeric membrane for hydrogen separation, achieving up to 99.5% purity from any feedstock. This membrane enhances heat resistance and lifespan by removing sulfites and contaminants. As hydrogen production processes grow, the demand for efficient purification solutions will rise, attracting major chemical producers, due to the high costs and scale requirements in sectors like trucking. Additionally, in April 2024, Mitsubishi Heavy Industries, Ltd. (MHI), a Japan-based multinational engineering, electrical equipment and electronics corporation, and NGK Insulators Ltd., a Japan-based ceramics company, jointly developed a hydrogen purification system that uses membrane separation to purify hydrogen from hydrogen-nitrogen mixture gas after ammonia cracking. The joint project aims to optimize hydrogen purification via membrane separation from hydrogen-nitrogen mixed gas after ammonia cracking. MHI will leverage its expertise in delivering ammonia and chemical plants, along with its technologies for handling ammonia and hydrogen.
The global gas separation membrane market is highly concentrated, with large players operating in the market. The top ten competitors in the market made up to 60.97% of the total market in 2023.
Gas Separation Membrane Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global gas separation membrane market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for gas separation membrane? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The gas separation membrane market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider gas separation membrane market; and compares it with other markets.