Global Gas Separation Membranes Market to Reach $1.2 Billion by 2027
Amid the COVID-19 crisis, the global market for Gas Separation Membranes estimated at US$822.1 Million in the year 2020, is projected to reach a revised size of US$1.2 Billion by 2027, growing at a CAGR of 5.6% over the period 2020-2027. Polyimide & Polyaramide, one of the segments analyzed in the report, is projected to record a 6.1% CAGR and reach US$583.6 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Polysulfone segment is readjusted to a revised 5.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $165.5 Million, While China is Forecast to Grow at 7.5% CAGR
The Gas Separation Membranes market in the U.S. is estimated at US$165.5 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$245.2 Million by the year 2027 trailing a CAGR of 7.5% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$171.2 Million by the year 2027.
Cellulose Acetate Segment to Record 5.5% CAGR
In the global Cellulose Acetate segment, USA, Canada, Japan, China and Europe will drive the 5.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$106.6 Million in the year 2020 will reach a projected size of US$151 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 6.2% CAGR through the analysis period.
Select Competitors (Total 47 Featured)
Air Liquide SA - Air Products and Chemicals, Inc. - DIC Corporation - Evonik Industries AG - FUJIFILM Manufacturing Europe B.V. - GENERON IGS, Inc.
Membrane Technology and Research, Inc.
Ube Industries, Ltd.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Market Benefits from the Escalating Demand for Membrane Separation Technology in Various End-Use Applications
Impact of COVID-19 on Natural Gas Consumption Hampers Gas Separation Membrane Market
With Consumption of Natural Gas to Grow Post COVID-19, Demand to Rise for Membranes Use to Separate or Remove CO2 from Natural Gas
Evonik Unveils High-Performance Membrane for Natural Gas Processing
Rising Significance of Membrane-based CO2 Capture Technologies
Fixed-Site-Carrier (FSC) Membranes and Mixed Matrix Membranes (MMMs) for Gas Separation
Ongoing Advancements to Improve Competitiveness of Membrane Process for CO2 Separation
COVID-19 Impact on Biogas Production Hinders Market Growth
Rapidly Growing Demand for Biogas Augurs Well for Gas Separation Membranes Market
Demand for Membrane Separation Technology Rises in Syngas Cleaning
Application of Membrane Technology in Nitrogen Generation
Significant Role of Gas Separation Membrane Technology in Reducing Environmental Impact of Industrial Processes
Growing Use of Polymeric Gas-Separation Membranes in Petroleum Refining Application
Petroleum Industry Processes with Use of Membrane Technology
Membrane Materials Used for Gas Separation Processes in Refineries: A Review
Mixed Matrix Membranes Present Considerable Growth Opportunities for the Market
Graphene Oxide Membranes to Break Existing Gas Separation Performance Barrier
Technological Advancements to Bolster Market Prospects
Zeolitic Nanosheets Enhance Gas Separation Membranes' Fabrication
Polyphosphazene Membranes Demonstrate Significant Throughput and Selectivity for CO2