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CHEMICALS AND ADVANCED MATERIALS

Gas Separation Membranes Market Segmentation by Material Type (Polyimide and Polyaramide, Polysulfone, Cellulose Acetate, and Others); and by Application (Nitrogen Generation & Oxygen Enrichment, Carbon Dioxide Removal, and Hydrogen Recovery) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Gas Separation Membranes Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • December 2018- Air Products and Chemicals announced that it will build a largescale gas separation unit to produce liquid oxygen, nitrogen and argon. The expansion is expected to provide reliable liquid industrial gas options for distributors and local customers.

  • September 2018- Honeywell declared the acquisition of Ortloff Engineers, Ltd., a leading developer of specialized technologies for sulfur recovery and natural gas processing.

Global Gas Separation Membranes Market Highlights 2022 – 2030

The global gas separation membranes market is estimated to garner a sizeable revenue and grow at a CAGR of ~6% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the growing demand for membranes in carbon dioxide separation processes, and high cost-effectiveness of this technology. Along with these, the surge in demand for biogas across the globe, escalation in carbon dioxide emissions, and rising concerns across global warming, are also expected to boost the growth of the market in the forthcoming years. According to the Global Carbon Project Organization, 36.44 billion tons of carbon emissions were generated from the burning of fossil fuels in 2018, up from 35.7 billion tons and 35.22 billion tons emissions in 2018 and 2017 respectively.

Annual CO2 Emissions GraphFurthermore, there is a hike in demand for durable membrane materials having higher selectivity and permeability that are able to pertain to extreme environments. This is giving rise to the development of advanced mixed matrix membranes using materials such as zeolites or other molecular sieving media, which in turn is projected to offer lucrative opportunities to the market in the near future.

Gas Separation Membranes Market Graph

The market is segmented by application into nitrogen generation & oxygen enrichment, carbon dioxide removal, and hydrogen recovery, out of which, the carbon dioxide removal segment is anticipated to hold the largest share in the global gas separation membranes market. This can be accounted to the rise in demand for shale gas in North America, and imposition of stringent government regulations associated with emission of carbon dioxide from the industries. Apart from these, growing demand for membrane separation process in natural gas treatment for capturing CO2 is also predicted to drive growth to the market segment in the future. Additionally, on the basis of material type, the polyimide & polyaramide segment is assessed to acquire the largest share over the forecast period, which can be credited to the excellent selectivity, permeability, high chemical stability and mechanical strength of this material.CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

chemicals Graph

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Gas Separation Membranes Market Regional Synopsis

On the basis of geographical analysis, the global gas separation membranes market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the Asia Pacific is estimated to witness noteworthy growth and occupy the largest share over the forecast period on the back of the increasing demand for sanitation and fresh water, and rising demand for carbon dioxide removal from reservoirs. In addition, rapidly growing urbanization, improvement in standards of living and escalating need to remove carbon dioxide from reservoirs are also predicted to boost the region’s market growth in the coming years. As per the United Nations, Asia was home to 54 percent of the world’s total urban population in 2018. The level of urbanization in Asia reached 50 percent that year. Moreover, the market in Europe is anticipated to grab a notable share in the market during the forecast period ascribing to the strict government laws regarding carbon dioxide emissions and intensifying use of biogas in the region.

Gas Separation Membranes Market Share Graph

The global gas separation membranes market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global gas separation membranes market includes the following segments:

By Material Type

  • Polyimide and Polyaramide
  • Polysulfone
  • Cellulose Acetate
  • Others

By Application

  • Nitrogen Generation & Oxygen Enrichment
  • Carbon Dioxide Removal
  • Hydrogen Recovery

Growth Drivers

  • Growing Demand for Membranes in Carbon Dioxide Separation Processes
  • High Cost-Effectiveness of Gas Separation Membrane Technology

Challenges

  • Technical Disadvantages Over Other Gas Separation Technologies

Top Featured Companies Dominating the Market

  • Ube Industries Ltd
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Air Products and Chemicals Inc.
  • Membrane Technology and Research Inc.
  • Generon IGS, Inc.
  • Air Liquide S.A.
  • DIC Corp.
  • FUJIFILM Holdings Corp.
  • Honeywell International Inc.
  • LAIR LIQUIDE SA
  • Schlumberger Ltd.

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