Gas Separation Membrane Market worth $1.4 billion by 2028 - Exclusive Report by MarketsandMarkets™

CHICAGO, Oct. 3, 2023 /PRNewswire/ -- The report "Gas Separation Membrane Market by Material Type (Polyimide & Polyaramide, Polysulfone, Cellulose Acetate), Application (Nitrogen Generation & Oxygen Enrichment, Hydrogen Recovery, Carbon Dioxide Removal), and Region - Global Forecast to 2028", is projected to reach USD 1.4 billion by 2028, at a CAGR of 7.1% from USD 1.0 billion in 2023.

Browse in-depth TOC on "Gas Separation Membrane Market"

103 – Tables
33 – Figures
154 – Pages

The major drivers for the gas separation membrane market are rising demand for membranes in carbon dioxide removal. Plasticization of polymeric membrane in high temperature application is the major restraint in this market. Opportunities for the market are, increasing focus on clean energy sources, (such as hydrogen and natural gas, has led to a growing need for efficient gas separation technologies) and development of mixed matrix membrane.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=50564392

"Cellulose acetate segment is projected to be the third fastest CAGR by material type, in terms of value, during the forecast period."

Cellulose acetate is a type of synthetic polymer that has been used in the production of gas separation membranes. Gas separation membranes are materials that can selectively allow certain gases to pass through while blocking others based on their size, polarity, or other chemical properties. Cellulose acetate membranes offer advantages such as good selectivity, ease of fabrication, and cost-effectiveness. However, their performance may vary depending on factors like the degree of acetylation (i.e., the number of acetyl groups attached to the cellulose molecules) and membrane thickness.

"Hollow fiber segment is projected to grow with the second fastest CAGR by module, in terms of value, during the forecast period."

Hollow fiber consists of a bundle of very thin, hollow fibers, typically made from polymers like cellulose acetate, polyimide, or polymeric materials specifically designed for gas separation applications. These fibers have a tubular structure with a porous membrane wall. Hollow fiber membranes offer advantages such as high surface area, compact design, scalability, and selective gas separation capabilities. These characteristics make them a versatile and efficient choice for a wide range of gas separation applications across different industries.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=50564392

"Europe is expected to be third largest growing market for gas separation membrane during the forecast period, in terms of value."

Europe is the third largest region in the gas separation membrane market in 2022. Europe places a strong emphasis on environmental protection. Gas separation membranes are employed to control emissions, remove volatile organic compounds (VOCs), and reduce greenhouse gas emissions. Europe's food packaging, pharmaceutical, and electronics industries require high-purity nitrogen. Gas separation membranes are used to separate nitrogen from air, ensuring a reliable source of nitrogen for industrial processes.

Market Players :

The key global players in the gas separation membranes market include are Air Products and Chemicals, Inc. (US), Air Liquide (France), UBE Corporation. (Japan), Honeywell UOP (US), Fujifilm Manufacturing Europe B.V. (Netherlands), Schlumberger Limited (US), DIC Corporation (Japan), Parker-Hannifin Corporation (US), Membrane Technology and Research, Inc. (US), and Generon, Inc. (US) among others.

Browse Adjacent Market: Membranes Market Research Reports & Consulting

Related Reports:

Membranes Market - Global Forecast to 2027

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/gas-separation-membrane-market.asphttps://www.marketsandmarkets.com/ResearchInsight/pharmaceutical-grade-lithium-carbonate-market.asp - utm_source=PRnewswire&utm_medium=Referal&utm_campaign=PaidPR
Content Source: https://www.marketsandmarkets.com/PressReleases/gas-separation-membrane.asp 

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg