Industrial, Manufacturing & Heavy Industry Market News

Gas separation membranes market worth 2.61 billion USD by 2022

The gas separation membranes market is projected to grow from USD 1.84 billion in 2017 to USD 2.61 billion by 2022, at a CAGR of 7.2%. This market is mainly driven by gas processing and gas separation industries, such as chemical, refining, petrochemical, and manufacturing.

- Advertising -

The report "Gas Separation Membranes Market by Material (Polyimide & Polyaramide, Polysulfone, Cellulose Acetate), Application (Nitrogen Generation & Oxygen Enrichment, Hydrogen Recovery, Carbon Dioxide Removal), and Region - Global Forecast to 2022",

The growing industrial development and increasing demand for gas energy over petroleum products in North America and Asia Pacific are driving the growth of this market.

Browse 62 Market Data Tables and 37 Figures spread through 122 Pages and in-depth TOC on "Gas Separation Membranes Market by Material (Polyimide & Polyaramide, Polysulfone, Cellulose Acetate), Application (Nitrogen Generation & Oxygen Enrichment, Hydrogen Recovery, Carbon Dioxide Removal), and Region - Global Forecast to 2022"

www.marketsandmarkets.com/Market-R…ket-50564392.html

- Advertising -

Polyimide & polyaramide: The largest material segment of the gas separation membranes market

The gas separation membranes market is segmented on the basis of material into polyimide & polyaramide, polysulfone, cellulose acetate, and others. The polyimide & polyaramide segment accounted for the largest market share in 2016 due to the materials’ high thermal stability, excellent selectivity, and good chemical resistant properties.

The major applications of polyimide & polyaramide include carbon dioxide removal, oxygen enrichment, and hydrogen generation.

Carbon dioxide removal: The largest application segment of the gas separation membranes market

Download PDF Brochure: www.marketsandmarkets.com/pdfdownload.asp?id=50564392

By application, the gas separation membranes market is segmented into nitrogen generation & oxygen enrichment, hydrogen recovery, carbon dioxide removal, vapor/gas separation, vapor/vapor separation, air dehydration, and others. The carbon dioxide removal segment is estimated to account for the largest market share due to the increasing necessity to remove acid gases to safeguard transmission pipelines and equipment from corrosion.

The vapor/vapor separation segment is projected to register the highest CAGR from 2017 to 2022, in terms of value.

Asia Pacific: The fastest growing market for gas separation membranes

The Asia Pacific region is the fastest growing market for gas separation membranes. Factors driving the market in this region are:

  • Growing demand from applications, such as vapor/vapor separation, vapor/gas separation, hydrogen recovery, and carbon dioxide removal in major countries of the region, such as China and India
  • Increasing investments in the Asia Pacific gas separation membranes market

Request for Sample:www.marketsandmarkets.com/requests…e.asp?id=50564392

Key players in the gas separation membranes market include Ube Industries Ltd. (Japan), Air Liquide Advanced Separation LLC (US), Air Products and Chemicals, Inc.

(US), Generon IGS, Inc. (US), and Honeywell UOP LLC (US).

News From

MarketsandMarkets™ - Business ResearchMarketsandMarkets™
Category: Market Research Publishers and RetailersCompany profile: MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth ...