Gas Separation Membrane Market In-depth Analysis of Key Players viz-a-viz HONEYWELL INTERNATIONAL (H

The gas separation membrane market report covers comprehensive information about market trends, volume (Million sq. meter) and value (US$ Mn) projections, market dynamics, competition and recent developments in the global gas separation membrane market for the study period 2013 to 2028.

The global gas separation membrane market is expected to witness an absolute $ opportunity worth USD 1.6 Billion during the forecast period, growing at a CAGR of 7.8%, by value. The growing demand from natural gas plants and chemical industries is expected to drive the steady growth of the global gas separation membrane market.

Polymeric Membrane Segment to Dominate the Gas Separation Membrane Market by Material Type

The gas separation membrane market has been segmented on the basis of material type into polymeric membranes, inorganic membranes and metallic membranes. The polymeric membrane segment is projected to dominate the gas separation membrane market during the forecast period, in terms of value and volume. Polymeric gas separation membranes find diverse applications across industries, owing to their simple installation, cost effectiveness, reliable operation, low maintenance requirements and easy availability. Inorganic gas separation membranes, particularly ceramic ones, serve specific applications that require higher pressure ratings and thus, the inorganic gas separation membrane segment is expected to be key in driving market demand. Extensive research and technological development is underway for metallic gas separation membranes, particularly palladium-based membranes. However, their high cost is inhibiting the growth of the segment’s market share.

The polymeric membrane segment of the gas separation membrane market is expected to account for 60.3% of the overall absolute dollar opportunity created during the forecast period.

Hollow Fiber Segment to Witness Rapid Growth during the Forecast Period, Driven by High Operational Efficiency

The gas separation membrane market has been segmented on the basis of construction type into hollow fiber, spiral wound and plate & frame. The hollow fiber module of gas separation membrane consists of thin and fine capillaries that are collected together in a bundle, which is potted perfectly on each end to prevent any leaks between the feed chamber and permeate chamber. Hollow fiber gas separation membranes usually contain porous polymeric fibers that perform very well under high pressure conditions, which in turn increases their application. Also, hollow fiber construction type gas separation membranes have lower space requirements – a valuable physical attribute that helps in reducing the size of the overall gas separation membrane-based system set-up.

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The hollow fiber segment of the gas separation membrane market is expected to account for 54.8% of the absolute $ opportunity created during the forecast period.

By End User, the Gas Separation Membrane Market is Projected to Witness High Growth in the Chemical Industry and the Petrochemical and Oil & Gas Sector

Amongst the end users studied in the global gas separation membrane market report, the chemical industry is expected to witness 2.2X growth during the forecast period in terms of value. This growth is driven by the growing demand for gas separation membrane systems in view of their low capital costs, long lifespans and low energy consumption requirements as compared to other gas separation techniques. The gas separation membrane market is also expected to witness robust growth in the oil & gas sector with rising demand particularly from natural gas plants and new gas processing project commencements.

During the forecast period, the chemical industry is projected to create an absolute $ opportunity worth US$ 461.2 Million in the global gas separation membrane market.

Western Europe is Projected to Register the Fastest Growth Among All Regions in the Gas Separation Membrane Market

The strong demand from natural gas processing plants for hydrogen separation, among other applications, along with the increasing penetration of gas separation membranes as reliable alternatives as compared to existing gas separation technologies will provide a good foundation for the expansion of the gas separation membrane market during the forecast period. The Western Europe gas separation membrane market is expected to grow at a CAGR of 8.5% during the forecast period, followed by North America and Asia Pacific. Countries such as the U.S., China and Germany are projected to create strong demand in the global gas separation membrane market.

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Some of the key players covered in the global gas separation membrane market study include Honeywell International (Honeywell UOP), Air Products and Chemicals Inc., Air Liquide Advanced Separations LLC, UBE Industries Ltd., Schlumberger Ltd, Fujifilm Manufacturing Europe B.V., Parker-Hannifin Corporation, Membrane Technology and Research Inc., Evonik Industries, Atlas Copco AB, and Generon LLC.