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Description
Gas Separation Membranes Market size was valued at USD 1,372,5 million in 2021, It is growing at a CAGR of 6.9% from 2022 to 2028. The global market provides a detailed overview of the global gas separation membranes market, and that can be segmented by material type, by construction type, by application, and by the end user. By material type, the global gas separation membranes market has been segmented into Polymeric Membrane, Inorganic Membranes, and Metallic Membranes. The Polymeric Membrane segment is likely to be the largest and fastest-growing segment in terms of material type in 2021 and is expected to maintain the trend in the upcoming years. It is attributed to its various properties such as good permeation rates, good selectivity, high chemical and thermal stability, mechanical strength. Based on construction type, the global gas separation membranes market is segmented into Hollow Fiber Modules, Spiral Wound modules, and Plate & Frame modules. Among these, the Fiber Module segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on application, the global gas separation membranes market is segmented into Nitrogen separation from air, Oxygen separation from the air, Removal of Acid Gases from Natural Gas, Hydrogen recovery and separation, Methane separation from biogas, Carbon Dioxide Capture, and Olefin-Paraffin separation. The Carbon Dioxide Capture segment accounts for the largest share in 2021. Oxygen separation from air segment is the second-largest share during the forecast period 2022-2028 according to precision business insights. Based on end user, the global gas separation membranes market is segmented into Chemical, Petrochemical and Oil & Gas, Food & Beverage, Power Generation, Pharmaceutical, Pollution Control, and Other Industrial. The Chemical segment accounts for the largest share in 2021 and is expected to maintain the growth in the forecasted years.
Key Development:
In Sept 2022, Parker Hannifin and Fraunhofer announced partnership to define the next generation of humidifiers for fuel cells.
In Sept 2021, Evonik increased its gas separation membrane capacity.
