According to a research report by Stratview Research, Gas Separation Membranes Market is likely to grow from USD 1.01 billion in 2021 to USD 1.6 billion by 2028 at a CAGR of 6.77% during the forecast period of 2022-2028. Gas separation membranes are employed to isolate and sanitize a specific component from the rest of the vapor mixture or rest of the gas. Gas separation membrane technology is extensively used for gas processing application in industries, such as petrochemical, chemical, and manufacturing. Growing demand from these industries drive the market for gas separation membranes globally.
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Segments' Analysis
Based on the material type, the market is segmented as polyimide polyaramide, polysulfone, cellulose acetate, and others. The polyimide polyaramide segment dominated the market in 2018, owing to its remarkable properties, such as thermal stability and selectivity.
Based on the application type, the market is segmented as nitrogen generation oxygen enrichment, hydrogen recovery, and carbon dioxide removal. In 2018, the carbon dioxide removal segment led the market as the largest segment.
In terms of regions, Asia-Pacific is expected to be the largest market for gas separation membranes in the coming five years. China and India are the growth engines of the region. The market is driven by the increasing industrialization which propels the gas exploration activities in the region. North America and Europe also offer sizeable growth opportunities during the forecast period.
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