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Global Gas Separation Membrane Market to Register High CAGR During Forecast PeriodClimate Change Concerns to Primarily Fuel Global Gas Separation Membrane Market Growth
Gas Separation Membrane Market Segmentation:
The global gas separation membrane market is studied for various segments over the forecast period. These market segmentations have been carried out based on material type, application, end-use industry, and region. Based on material type, the gas separation membrane market is segmented into polymeric microporous organic, porous inorganic, and hybrid. Among these, the porous inorganic segment is further sub-segmented into metal, zeolite, ceramics, and alumica. The polymeric segment is further studied for the sub-segments of polyimide, cellulose acetate, and polysulfone.
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Competitive Analysis:
The global gas separation membrane market report published by Market Research Future (MRFR) has mentioned many leading industry players. Some of these key market players include Membrane Technology and Research Inc (US), DIC Corporation (Japan), Schlumberger Limited (US), Ube Industries Ltd (Japan), Evonik Industries AG (Germany), Air Products and Chemicals Inc (US), Air Liquide Advanced Separation (US), SRI International (US), Generon IGS Inc. (US), Honeywell International Inc (US), and FUJIFILM Manufacturing Europe BV (the Netherlands).
Industry Update:
April 2019: MIT Researches have developed a new polymer gas separation membrane that can drastically progress the natural gas purification efficiency while reducing the environmental impact of the same.
Based on application, the global gas separation membrane market has been segmented into CO2 separation, industrial gas separation, acid gases separation from natural gas, hydrocarbons recovery, and hydrogen recovery. Based on end-use industry, the market has been analyzed for the segments of chemical, electric power, food & beverages, and oil & gas.
Gas separation is one of the most widely employed unit operations in the oil & gas and chemical industries. The process of gas separation includes the removal of unpredictable organic compounds from waste streams, the separation of air into nitrogen and oxygen and natural gas dehydration. The global gas separation membrane market is anticipated to touch a high point on the ascending growth chart during the forecast period, as per the latest MRFR report.
Many factors are contributing to the upscaling of the CAGR in the global gas separation membrane market. Some of these factors include the proliferating use of membrane-based gas separation techniques and the ease of operations provided by them over traditional methods. Furthermore, rising concerns over global warming and climate change due to spiking CO2 emissions are also expected to fuel the market growth for the gas separation membranes.
The flexibility of operation due to the compactness of modules coupled with the feasibility of the membrane separation process under mild conditions are also bolstering the market for gas separation membranes. Additionally, stringent government policies curbing excess emissions of greenhouse gases from industries are also likely to work well in favor of the global gas separation membrane market. In contrast, issues related to membrane fouling and the swelling & plasticization of polymeric membranes are expected to significantly restrain the gas separation membrane market from surging.
Detailed Regional Analysis:
The global gas separation membrane market is geographically segmented and studied for the regions of Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. In 2017, Asia Pacific was observed to hold the largest market share for gas separation membranes. Such market domination can be accredited to the increasing use of gas separation membranes to control the CO2 emissions from industrial effluents. Also, strengthening government regulations to curb excessive gaseous emissions are also anticipated to push the gas separation membrane market to a great extent. Also, significant growth of the natural gas production in the region is expected to set the demand for gas separation membranes, in acid gases separation, in propulsion; boosting the regional market.
On the other hand, Europe is anticipated to grow at a significant rate owing to the widespread use of gas separation membranes in natural gas processing plants for the separation of the acid gases.
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Website: https://www.marketresearchfuture.com/reports/gas-separation-membrane-market-7193
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