Gas Separation Membranes Market worth $1.2 billion by 2026

According to the new market research report “Gas Separation Membranes Market by Material Type (Polyimide & Polyaramide, PS, CA), Application (N2 Generation & O2 Enrichment, HR, CO2 removal, Vapor/Gas Separation, Vapor/Vapor Separation, AD), Module (SW, HF) and Region – Global Forecast to 2026″, published by MarketsandMarkets, the global gas separation membranes market size is projected to reach USD 1.2 billion by 2026 from USD  0.9 billion in 2021, at a CAGR of 6.7% during the forecast period.

Don’t miss out on business opportunities in Gas Separation Membranes Market

Speak to our analyst and gain crucial industry insights that will help your business grow:
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=50564392

The overall increase in demand for gas separation membranes in carbon dioxide removal, oil and natural gas refining processes, and nitrogen gas production are driving the global gas separation membranes market. Membrane-based gas separation is more viable and cost-effective compared to traditional technologies such as absorption, distillation, compression-condensation, and others. Membrane technology is cost-effective, especially in syngas cleaning and conditioning, nitrogen production, and carbon dioxide capturing from flue gas as it does not require thermal energy and pressure cycling. The overall operating cost of gas separation membrane technology is much lower than conventional technologies.

The polyimide & polyaramide segment is the largest and is also projected to continue this trend till 2026. The key growth driver of the high consumption of this material type is owing to properties such as good permeation rates, good selectivity, high chemical and thermal stability, mechanical strength, and good film-forming properties. Polyimide & polyaramide gas separation membranes are used for separating one or more gases from a gaseous mixture as they exhibit good permeation rates with good selectivity.

Browse and in-depth TOC on “Gas Separation Membranes Market – Global Forecast to 2026”

112 – Tables
42 – Figures
159 – Pages

View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/gas-separation-membrane-market-50564392.html

The global gas separation membranes market size is projected to reach USD 1.2 billion by 2026 from USD 0.9 billion in 2021, at a CAGR of 6.7% during the forecast period. The overall increase in demand for gas separation membranes in emerging economies such as APAC is driving the global gas separation membranes market. Various regulations regarding carbon capture and storage are driving the growth of the gas separation membranes market. The development of mixed matrix membranes is an opportunity for the gas separation membranes market growth. Commercialization of new and advanced membrane systems are also projected to boost market growth of gas separation membranes.

Developing economies are investing in gas exploration projects to reduce carbon emissions. Increasing demand for biogas and the requirement of carbon dioxide separation in various industries in emerging economies are driving the gas separation membranes market. The key players in the gas separation membranes market include Air Products and Chemicals, Inc. (US), Air Liquide Advanced Separations (France), Ube Industries, Ltd. (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). The gas separation membranes market report analyzes the key growth strategies, such as new product launches, investment & expansion, agreement & collaboration, and mergers & acquisitions adopted by the leading market players between 2018 and 2021.

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

Air Liquide Advanced Separations was the largest player in the gas separation membranes market in 2020. The company has a broad product portfolio for gas separation membranes to a wide range of end users. Gas separation membranes are offered by the Air Liquide Advanced Separations (ALaS) division of the gas & services segment. The company offers diversified and advanced products through huge investments in membrane innovation and technology. The company puts a huge emphasis on R&D and has adopted investment as its key business strategy to strengthen its position in the gas separation membranes market. In July 2021, Air Liquide delivered the largest helium purification plant in Canada. The plant is expected to support North America Heliums site in southwest Saskatchewan, Canada. It is the largest helium production plant in Canada.

Air Products and Chemicals is a leading industrial gases company operating across 44 countries. The company offers gas separation membranes under Industrial Gases – Regional (Americas, EMEA, Asia), which are based on hollow fiber modules. The company offers a wide range of products that serve various industries such as refining, chemical, gasification, metals, electronics, manufacturing, and food & beverage. It has adopted investment & expansion and merger & acquisition as its key business strategy to strengthen its foothold in the global market. In October 2021, Air Products announced a new brand identity for its membrane business units, which will now all operate around the world as Air Products Membrane Solutions. The new identity moves the former business units, including Air Products PRISM Membranes, Air Products Norway, and Permea China Ltd., under one name to simplify the customer experience and further encourage collaboration and innovations.

Browse Adjacent Markets @ Chemicals Market Research Reports & Consulting

About MarketsandMarkets

MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Tags: COVID 19 impact on Gas Separation Membranes Market, gas separation Membrane, Gas Separation Membranes Industry, Gas Separation Membranes Market