PUNE, India, September 6, 2017 /PRNewswire/ --
According to a new market research report "Gas Separation Membranes Market by Material (Polyimide & Polyaramide, Polysulfone, Cellulose Acetate), Application (Nitrogen Generation & Oxygen Enrichment, Hydrogen Recovery, Carbon Dioxide Removal), and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market is projected to grow from USD 1.84 billion in 2017 to USD 2.61 billion by 2022, at a CAGR of 7.2%.
Browse 62 Market Data Tables and 37 Figures spread through 122 Pages and in-depth TOC on "Gas Separation Membranes Market"
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This market is mainly driven by gas processing and gas separation industries, such as chemical, refining, petrochemical, and manufacturing. The growing industrial development and increasing demand for gas energy over petroleum products in North America and Asia Pacific are driving the growth of this market.
Polyimide & polyaramide: The largest material segment of the gas separation membranes market
The gas separation membranes market is segmented on the basis of material into polyimide & polyaramide, polysulfone, cellulose acetate, and others. The polyimide & polyaramide segment accounted for the largest market share in 2016 due to the materials' high thermal stability, excellent selectivity, and good chemical resistant properties. The major applications of polyimide & polyaramide include carbon dioxide removal, oxygen enrichment, and hydrogen generation.
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Carbon dioxide removal: The largest application segment of the gas separation membranes market
By application, the gas separation membranes market is segmented into nitrogen generation & oxygen enrichment, hydrogen recovery, carbon dioxide removal, vapor/gas separation, vapor/vapor separation, air dehydration, and others. The carbon dioxide removal segment is estimated to account for the largest market share due to the increasing necessity to remove acid gases to safeguard transmission pipelines and equipment from corrosion. The vapor/vapor separation segment is projected to register the highest CAGR from 2017 to 2022, in terms of value.
Asia Pacific: The fastest growing market for gas separation membranes
The Asia Pacific region is the fastest growing market for gas separation membranes. Factors driving the market in this region are:
- Growing demand from applications, such as vapor/vapor separation, vapor/gas separation, hydrogen recovery, and carbon dioxide removal in major countries of the region, such as China and India
- Increasing investments in the Asia Pacific gas separation membranes market
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Key players in the Gas Separation Membranes Market include Ube Industries Ltd. (Japan), Air Liquide Advanced Separation LLC (US), Air Products and Chemicals, Inc. (US), Generon IGS, Inc. (US), and Honeywell UOP LLC (US).
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