According to FutureWise analysis the market for gas separation membranes in 2023 is US$ 1.03 billion, and is expected to reach US$ 1.77 billion by 2031 at a CAGR of 7.02%.
An interphase between two adjacent phases that serves as a selective barrier for gas transit between gas mixtures is referred to as a gas separation membrane. Gas separation is crucial to numerous industrial processes, including chemical purification, carbon capture, and fuel production. Generally, gas separation methods include cryogenic distillation, absorption, adsorption, and membrane approaches. Membrane separation stands out among gas removal technologies due to the process's high material type and energy efficiency and its successful plant integration.
Gases can be separated from a gas mixture with varying dimensions with the help of membranes. The gas separation membranes use the principle of selective permeation across the membrane surface. The diffusion rate of each gas is determined by the solubility of the gas molecule in the membrane material and its diffusion rate. Small molecules easily flow through the membrane, while the gas molecules are soluble. Due to its low energy consumption, lack of chemicals, and lack of numerous moving parts, membrane-based gas separation has low operating and maintenance costs. The gas separation membranes are constructed from various substances, including cellulose acetate, polyamide, polysulfone, and others.
The removal of CO2 from gas streams is one of the most prominent uses of gas separation membranes in a wide range of industries. Gas separation membranes are primarily used to boost oil recovery after removing carbon dioxide from natural gas. Carbon dioxide is regarded as an acid gas and is present in significant proportions in natural gas. It becomes extremely corrosive when combined with water and corrodes equipment and pipelines. Additionally, it reduces the pipeline capacity and the heating value of natural gas. Carbon dioxide removal is a vital separation step that must be done to optimize natural gas transit and processing. Applications for carbon dioxide removal are expected to drive the market for gas separation membranes. Moreover, with the increased demand for renewable energy worldwide, hydrogen is becoming more and more essential. Hydrogen is commonly used in hydro-treating and hydrocracking processes to create cleaner, higher-value fuels, chemical goods, and electronics. The processes used to produce hydrogen leave behind gas streams or by-products that contain a sizable quantity of spent compressed hydrogen. If they are operated at a high enough temperature, hydrogen separation membranes can separate hydrogen while directly converting natural gas through steam reforming reactions. Therefore, the demand for gas separation membranes may rise due to expanding hydrogen production, which may improve hydrogen recovery procedures in petrochemical and refinery applications. However, gas separation membranes are currently only used for moderate-volume gas streams due to issues with flux and selectivity. Due to its higher efficiency, pressure swing adsorption technology is preferred over membrane separation technology for applications involving nitrogen generation and oxygen enrichment. In difficult circumstances, pressure swing adsorption technology is more dependable because the former is more sensitive than the latter. Additionally, pressure swing adsorption technology has a significantly longer lifespan than membrane separation technology. Due to these technical limitations, the market for gas separation membranes is anticipated to encounter growth limitations.
FutureWise Market Research has published a report that provides an insightful analysis of gas separation membranes market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts, the gas separation membranes market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.