Gas Separation Membranes Market to offer a healthy CAGR of 8.2% during 2020-25
February 12, 2020
Gas Separation Membranes Market Overview:
Gas Separation Membranes is likely to witness an impressive CAGR of 8.2% during the forecast period. 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.
Report Overview:
This new report from Stratview Research analyses the Gas Separation Membranes Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Gas Separation Membranes Market Segment Insights:
Material Type: polyimide & polyaramide, polysulfone, cellulose acetate, and others
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.
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Application Type: nitrogen generation & oxygen enrichment and others
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.
A highly/moderately/fragment consolidated Market
Some of the gas separation membrane manufacturers are UBE Industries Ltd., Air Liquide Advanced Separations LLC, Air Products and Chemicals Inc., Generon Igs Inc., Honeywell Uop LLC, Fujifilm Manufacturing Europe B.V., Schlumberger Ltd., Parker-Hannifin Corporation, DIC Corporation, and Membrane Technology and Research Inc.
Region: Asia-Pacific is the largest consumer of Gas Separation Membranes
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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