Gas Separation Membrane Units Market Overview
According to a research survey conducted by ChemView Consulting, in 2022, the Global Gas Separation Membrane Units Market was worth US$ 1,236.7 Mn and is expected to grow at a CAGR of 6.9% over the forecast period. The market is expected to hit US$ 2,410.1 Mn by 2032 end. From 2017–2021, when the market’s CAGR was 5.8%, the market underwent significant growth.
The Gas Separation Membrane Units market is rapidly expanding due to the increased consumption of gas separation membranes is expected to drive the market. In addition, the usefulness of this product is likely to improve because it is used during process control in most industries such as petrochemical, oil & gas, and chemicals.
ChemView Consulting has analyzed that Gas Separation Membrane Units seek significant demand from the automotive industry, positively influencing the market growth. Increasing automobile production in regions such as the Middle East, Asia Pacific, and Latin America has risen dramatically in Gas Separation Membrane Units demand.
According to ChemView Consulting, the main factors contributing to increased automobile production are increased credit availability, disposable income, and people’s increasing need for personal transportation. The above factors will likely increase the global demand for Gas Separation Membranes.
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Segments Covered in Report
By Material Type :
- Polymeric Membrane
- Inorganic Membrane
- Metallic Membrane
By Construction Type :
- Hollow Fiber Module
- Spiral Wound Module
- Plate & Frame Module
By Application :
- Nitrogen Separation
- Oxygen Separation
- Acid gas Separation
- Hydrogen Separation
- Methane Separation
- Carbon Dioxide Separation
- Olefin – Paraffin Separation
By End Use Industry :
- Petrochemical and Oil & Gas
- Food and Beverages
- Power Generation
- Pollution Control
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
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Key Takeaways from the Gas Separation Membrane Units Market
- Based on the material type, the Polyimide & Polyaramide segment accounts largest share of the global Gas Separation Membrane Units share.
- Based on the application, the Hydrogen Separation segment will dominate at a significant CAGR during 2022-2032.
- North America is projected to dominate the Gas Separation Membrane Units market with a market share of 27.6% during the forecast, particularly in the US, is their engineering advantages. The membranes offer cost savings while maintaining high performance, especially at elevated temperatures.
Key companies covered in the market study are Air Products and Chemicals Inc., Air Liquide Advanced Separations LLC, UBE Industries Ltd., Schlumberger Ltd, Fujifilm Manufacturing Europe B.V., Parker-Hannifin Corporation, Honeywell International (Honeywell UOP), Evonik Industries, Atlas Copco AB, GRASYS JSC, Membrane Technology and Research Inc.
Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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