Market Overview
The global gas separation membrane market size was worth US$ YY million in 2021 and is estimated to reach US$ YY million by 2029, growing at a CAGR of 6.8% during the forecast period (2022-2029)
A gas separation membrane acts as an interphase between two adjacent phases that acts as a selective barrier for gas transport between gas mixtures.
Separating gases with a polymer membrane is an environmentally beneficial and energy-saving separation technology. Because this technology is simple to run and allows for footprint shrinking and continuous separation, it is acknowledged as one of the major technologies that can solve an environmental problem.
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MARKET DYNAMICS
Increasing Demand For Biogas
Biogas is a by-product of the anaerobic digestion of energy crops and organic leftovers, which is used to make biodiesel and ethanol. Similarly, crop decaying and organic waste methane can be burned as gas or transformed into energy.
Since the demand for biogas will see a massive hike in the future years due to its benefits and the adoption of gas separation membranes is growing rapidly in the production of biogas, the development and demand of gas separation membrane technology to separate various gases from biogas would increase. As a result, the increasing demand for biogas could be a major market driver.
Industry Analysis
The American Recovery and Reinvestment Act of 2009: The American Recovery and Reinvestment Act of 2009 (Recovery Act) provided chances for hydrogen and fuel cell technology development. The Recovery Act, which was signed into law on February 17, 2009, was a historic effort to kickstart the economy, create or save millions of jobs and begin tackling long-neglected concerns so that our country may thrive in the twenty-first century.
COVID-19 – Analysis
COVID-19 has created a new working environment for the manufacturing and industrial sectors globally. Government restrictions on the number of congregating in one area have significantly impacted the gas separation membrane market.
Further, during the lockdown, manufacturing and factory operations in the respective market halted, resulting in a production reduction in the respective market.
Furthermore, since most of the industry relies on China and Asia-Pacific countries for raw material supplies, supply chain interruptions have taken place and had a significant impact on industrial output.
Market Segmentation
- by Material
- by Application
- by Region
Market Segmentation – By Material – Polyimide & Polyaramide
The polyamide has three membranes for gas separation: hydroxyl-functionalized polyimide and its derived polybenzoxazole membranes, intrinsically microporous polyimide membranes and polyimide-based carbon molecular sieve membranes. The polyimide membranes offer great separation performance for CO2/CH4, O2/N2, CO2/N2, H2/N2, C2H4/C2H6, H2/CH4 and C3H6/C3H8 and good endurance to thermal, chemical and environmental factors.
Geographical Analysis
Rising shale gas output in North America is expected to boost global demand for gas separation membranes. The technology is frequently used in the oil and gas and the chemical sectors to remove volatile organic compounds from waste streams, dehydrate natural gas and separate nitrogen and oxygen from the air. Furthermore, the technique benefits from customer demand for green organic fuels.
Absorption, crystallization and membrane separations are examples of other separation processes. Membranes are appealing among these procedures because they do not require sorbents or a heat driving force to separate mixtures.
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Competitive Landscape
The global gas separation membrane market is highly consolidated and competitive. The top five (5) companies hold around 72.07% of the global market. The major competitors in the market are Air Liquide, Air Products Inc., Honeywell UOP, Fujifilm Manufacturing Europe B.V., Parker-Hannifin Corporation, GENERON, Membrane Technology and Research, Inc., among others.
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