Chemicals Industry Today
Process Gas Compressors Market to Reach USD 17.93 Billion by 2035 with 3.37% CAGR (2025–2035)
The Process Gas Compressors Market was valued at USD 12.45 billion in 2024 and is expected to grow from USD 12.87 billion in 2025 to USD 17.93 billion by 2035, registering a steady compound annual growth rate (CAGR) of 3.37% over the forecast period 2025–2035. Process gas compressors are essential in various industrial applications to transport, compress, and process gases efficiently. They are widely used in oil & gas, chemical, and petrochemical sectors. Rising energy demand, technological advancements in compressor design, and the need for efficient gas processing are driving market growth.
Key Drivers of Market Growth
- Oil & Gas Industry Growth: Compressors are critical in gas transportation, refinery operations, and LNG processing.
- Chemical and Petrochemical Expansion: Gas compression is vital for chemical reactions and production processes.
- Technological Advancements: Energy-efficient, high-capacity compressors improve reliability and reduce operational costs.
- Industrialization: Expanding infrastructure and energy projects drive demand for gas compression solutions.
- Environmental Compliance: Energy-efficient compressors reduce emissions and energy consumption.
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Types of Membrane Separation Materials
Used in gas purification and filtration:
- PTFE Membranes: Chemical and temperature-resistant for gas filtration.
- PVDF Membranes: Durable membranes for high-purity gas separation.
Regional Insights
- North America: Key market driven by oil & gas and industrial applications.
- Europe: Focus on energy efficiency and compliance with environmental standards.
- Asia-Pacific: Fastest-growing market due to expanding energy and petrochemical sectors in China, India, and Japan.
- Rest of the World: Moderate growth in Latin America and MEA driven by industrialization.
- Major Players
- Siemens (DE), General Electric (US), Atlas Copco (SE), Cameron (US), Ingersoll Rand (US), Gardner Denver (US), Kobelco (JP), Baker Hughes (US), Ebara (JP)
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Future Outlook
The Process Gas Compressors Market is projected to grow steadily with rising industrial demand, technological innovations, and increasing focus on energy-efficient gas compression.
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