Gas Separation Membrane Market size is projected to cross USD 3.51 billion by the end of 2036, expanding around 7.96% CAGR during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of gas separation membrane was USD 1.32 billion. The growth of the market in this region is expected to grow on account of growing emission of CO2. For instance, worldwide CO2 emissions connected to energy climbed by about 320 Mt, or over 0.8%, in 2022, hitting a record high of nearly 35Gt. Hence, with the increased focus on cutting carbon emissions and reaching sustainability targets has contributed to an exponential increase in the need for gas separation membranes that can effectively and inexpensively extract CO2 from gas streams.
Additionally, to cut the cost of producing active ingredients, the pharmaceutical industry puts a high priority on the development of innovative separating procedures. Hence, medical applications in the pharmaceutical industry make use of oxygen gas separation membranes. Furthermore, in the packaging and preservation of food, gas separation membranes are employed for producing nitrogen. By substituting nitrogen for oxygen and inhibiting spoiling, they aid in preserving the freshness of products.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
7.96% |
Base Year Market Size (2023) |
USD 1.32 Billion |
Forecast Year Market Size (2036) |
USD 3.51 Billion |
Regional Scope |
|
Material Type (Polyimide & Polyamide, Polysulfone, Cellulose Acetate, Others)
The polyimide & polyamide segment in the gas separation membrane market is expected to surpass USD 1.56 Billion by the end of 2036, up from a revenue of USD 0.5873 Billion in the year 2023. Polyimide & polyamide are recognized for their outstanding chemical compatibility and great temperature tolerance. Furthermore, they are extensively employed in the petrochemical industry since they possess the capability to clean gases. Hence, with the growing demand for petrochemical products, the segment is set to rise. For instance, global petroleum consumption approached 97.26 million barrels per day in 2021.
Application (Nitrogen Generation & Oxygen Enrichment, Hydrogen Recovery, Carbon Dioxide Removal, Others)
Gas separation membrane market from the carbon dioxide removal segment is set to grow at the highest CAGR of 8.70% during the forecast period. This segment is also poised to gather the highest revenue of USD 1.68 Billion by the end of 2036, compared to revenue garnered in 2023 of USD 0.5818 Billion. With a concentration much higher than that of methane, the second most abundant anthropogenic greenhouse gas, CO2 is among the most prevalent anthropogenic greenhouse gases in the atmosphere. As an important factor contributing to climate change, even if the world managed to stop generating CO2 today, a significant amount would still be present in the atmosphere and seas, making it essential to address this key greenhouse gas and remove CO2 directly from the atmosphere. An opportunity to minimize the effects of climate change and eliminate historical CO2 emissions is presented by carbon oxide removal (CDR). For this, the market revenue for gas separation membrane is also projected to grow over the forecast period.
Our in-depth analysis of the global gas separation membrane market includes the following segments:
Material Type |
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Application |
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APAC Market Forecast
The Asia Pacific gas separation membrane market is projected to gather the highest revenue of USD 1.45 Billion by the end of 2036. The major factor to influence this region growth is the growing urban population. Approximately 2.2 billion people, or 54% of the world's metropolitan population, dwell in Asia. Asia's urban population is predicted to increase by 50% by 2050, adding 1.2 billion new residents. Hence, this has further increased the demand for hydrogen gas, therefore boosting the growth of the market in this region. Additionally, there has been a growing demand for the sanitation of freshwater. Considered as the largest region in the world, Asia-Pacific is carries most of the world's people. On the other hand, some of the worst problems with water are also found in this area. Hence, there has been further made a huge investment for the sanitation of the water in this region. Therefore, this factor is additionally expected to dominate the growth of the market in this region.
European Market Analysis
The gas separation membrane market in Europe is also projected to have significant growth during the forecast period. The market within the region is predicted to grow as a consequence of the region's drastically increasing industrial output, the manufacturing sector's continued growth, and the extensive government regulations enforced during the projected period to decrease carbon emissions and other greenhouse gas emissions from these sectors in accordance with the European Climate Law. For instance, the objective of the European Green Deal, which is for Europe's economy and society to become climate-neutral by 2050, has been established in law by the European Climate Law. In addition, the law establishes an intermediate goal of lowering net greenhouse gas emissions from 1990 levels by at least 55% by 2030.
Author Credits: Smruti Ranjan, Rajrani Baghel
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