Gas Separation Membranes Market Is Expected To Reach US$ 3,325.2 Mn By 2024

The latest market report published by Credence Research, Inc. “Gas Separation Membranes Market, By Type, Application and Region – Growth, Future Prospects and Competitive Analysis, 2016 – 2024,” the global gas separation membranes market was valued at US$ 1,720.4 Mn in 2015, and is expected to each US$ 3,325.2 Mn by 2024, expanding at a CAGR of 8.2% from 2016 to 2024.

Browse the full Gas Separation Membranes Market – Growth, Future Prospects, and Competitive Analysis, 2016 – 2024 report athttps://www.credenceresearch.com/report/gas-separation-membranes-market

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Market Insights

The global gas separation membranes market is experiencing growth due to rise in demand from various end-use application. As energy costs rise, gas separation membrane technology is likely to play an increasingly important role in reducing the environmental impact and costs of industrial processes. Gas separations membranes are widely used in food & beverage processing, water & wastewater treatment, pharmaceutical & medical application, chemical processing, industrial gas processing and other applications. Moreover, Compared to the conventional separation technologies such as cryogenic distillation, absorption and adsorption, industrial attention is now focused on adoption of membrane-based gas separation. This is due to inherent advantages offered by gas separation membranes such as energy efficiency with low capital investment, simplicity and ease of installation, low operation and maintenance cost, low weight and space requirement with high process flexibility.

The major challenge hampering the growth of the market is problems associated with the lifespan of membranes as after a certain period, the durability of membranes decreases, resulting in need for replacement, therefore associated increased operational and maintenance costs. Increasing concerns over water scarcity and need for desalination in the developing countries offer growth opportunity to the gas separation membranes in water and water treatment market.

Competitive Insights

Major players in the membrane system providers such as Air Liquid (PoroGen Corporation), Air Products and Chemicals Incorporated, Evonik Resource Efficiency GmbH, GE Water & Process Technologies, etc. are original equipment manufacturers (OEMs) of gas separation membranes. Distributors, EPC contractors and company-owned sales offices are major sales & distribution paths for gas separation membranes and gas separation systems. All large players are increasing their footprint in emerging economies by opening regional sales offices cater to the increasing demand from various end-use applications.

Key Trends

• Rising demand from end use applications
• Shifting trend towards membrane gas separation technology
• Emerging economies offers huge market potential

Company Profiles 
7.1 Air Products and Chemicals Incorporated 
7.2 Air Liquide S.A. 
7.3 Asahi Kasei Corporation 
7.4 Atlas Copco AB 
7.5 Dalian Puricle Co., Ltd. 
7.6 Evonik Resource Efficiency GmbH (Evonik Industries AG) 
7.7 FUJIFILM Corporation 
7.8 GE Water & Process Technologies 
7.9 GENERON 
7.10 Genrich Membranes Pvt. Ltd. 
7.11 GMT Membrantechnik GmbH 
7.12 Grasys JSC 
7.13 Membrana GmbH (3M Company) 
7.14 Membrane Technology and Research, Inc. 
7.15 Mitsui Chemicals, Inc. 
7.16 NOXERIOR S.r.l. 
7.17 Pacific Consolidated Industries 
7.18 Pall Corporation 
7.19 Parker Hannifin Corp. 
7.20 Schlumberger Limited 
7.21 Sigma-Aldrich Co. LLC. ( Merck Group) 
7.22 Teijin Pharma Limited 
7.23 The Dow Chemical Company 
7.24 Ube Industries, Ltd. 
7.25 UOP LLC.

The global gas separation membranes market can be categorized on the basis of type as:

• Polymeric Membranes
• NonPolymeric Membranes

Polymeric membranes have been developed for a variety of industrial applications including gas separation. For gas separation, the permeability and selectivity of the membrane material defines the efficiency of gas separation process. The adoption of membrane-based gas separation is rapidly growing by serving as one of the important industrial gas separation technologies. In 2015, among the types, polymeric membrane accounted for 77.46% share of the market pie and is projected to maintain its dominance during the forecast period of 2016 to 2024.

Polymeric membranes are dominating materials in this field owing to their excellent processability, easy scale-up, and feasibility in various modules. Various inorganics, including carbons, ceramics, silica, zeolites and metal membranes have also been broadly studied for various specific gas separation applications where polymeric membranes cannot be used.

However, in future, polymeric membranes is projected to face stiff competition from nonpolymeric membranes segment. They are projected to witness the fastest growth rate of 8.4% from 2016 to 2024.

The global gas separation membranes market can be categorized on the basis of application as:

• Pharmaceuticals & Medical Use
• Water & Waste Treatment
• Industrial Gas Processing
• Chemical Processing
• Food & Beverage Processing
• Others

Membranes are extensively accepted as an integral part of water recycling and recovery as industries strive to comply with rising stringent regulations to reduce or reuse wastewater. In 2015, water & waste treatment application accounted for 43.39% share of the global market. Water & waste treatment segment is projected to grow at a rapid pace over the forecast period of 2016 to 2024. Increasing concerns over water scarcity issues and need for desalination in the developing countries offer immense opportunity to this application. Membranes are an extremely efficient means to accomplish separation and filtration and offer additional benefit of reduced operating costs and energy consumption over traditional treatment methods. Pharmaceuticals & medical use application is projected to witness the highest growth rate of 8.6% from 2016 to 2024. This growth is mainly attributed to extensive usage of gas separation membranes in various medical products and processes. Moreover, the usage of gas separation membranes in some pharmaceuticals products is also becoming an indispensable process element, which will further drive the market growth.

Industrial gas processing application is also projected to be one of the fastest growing applications due to increased exploration activities in North America and Middle East & Africa, which will continue to expand in the coming years. Gas separation membranes are also adopted in various chemical processing facilities to reduce overall energy costs, contain waste, and increase valuable product recovery. Gas separation membranes are being substituted for chemical treatment of wastewater to reduce analytical, chemical, and labor costs, and to produce cleaner and more consistent waste for recycle or discharge.

The global gas separation membranes market can be categorized on the basis of regions as:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

In 2015, Asia Pacific accounted for 38.98% share of the market and is projected to maintain its supremacy during the forecast period. This growth has been primarily attributed to the high demand of gas separation membranes from water & waste treatment, industrial gas treatment, pharmaceutical, and chemical processing industries. North America accounted for the second largest share of the market. However, the market for North America is fairly mature, and hence is projected to progress at a moderate CAGR of 8.1% over the forecast period. Middle East and Africa is projected to witness the second fastest growth rate over the forecast period owing to rising demand from water & waste treatment, industrial gas processing, pharmaceuticals & medical use sectors.

The gas separation membranes market in Europe is gaining momentum due to the rising demand from pharmaceuticals and medical applications, environmental concerns, and improving prospects in various end-use markets. Among the various European economies, the gas separation membranes market was dominated by Germany, France, Italy and UK. Eastern Europe is projected to offers huge untapped market potential. The presence of large market players is making gas separation membranes more accessible to the consumers.

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