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Gas Separation Membrane Market worth $1.6 billion by 2030 - Exclusive Report by MarketsandMarkets™
Polyimide & polyaramide gas separation membranes have exceptional chemical compatibility and heat resistance, making them suitable for challenging operational environments. Their exceptional gas separation capabilities, specifically in the removal of carbon dioxide, are attributed to their distinctive structure and composition. Polyimide and polyaramide exhibit the capacity to efficiently purify gases, making them valuable in the petrochemical sector, where there is a rising demand for its goods. The increasing demand for environmentally friendly solutions across various industries such as chemical processing, oil & gas, and waste management, fuels the expansion of the gas separation membrane market.
Hollow fibers are composed of a collection of extremely thin, tubular strands, usually crafted from polymers such as cellulose acetate, polyimide, or polymeric materials tailored specifically for gas separation tasks. Each fiber features a porous membrane wall, facilitating gas separation. The design of hollow fiber membranes offers several benefits, including a large surface area, compact structure, scalability, and the ability to selectively separate gases. These attributes render hollow fiber membranes versatile and highly effective for various gas separation needs across diverse industries.
Vapor/vapor separation membranes are cost-effective and environmentally friendly solution used for separating various gas mixtures, particularly in industrial processes where vapor streams need to be separated or purified. The demand for vapor/vapor separation membrane applications is propelled by a growing requirement for effective separation technologies to tackle environmental issues and meet strict regulations governing emissions and air quality. These membranes are used for processes such as vapor recovery, dehydration, solvent recovery, and purification, among others, enhancing process efficiency and reducing environmental impact.
Asia Pacific is the fastest growing region in the gas separation membrane market in 2023. This growth is attributed to several factors, including the region's robust economic growth, escalating demand for sanitation and clean water, advancing urbanization trends, and improving living standards. Government initiatives focused on manufacturing, emission reduction, and the promotion of eco-friendly products are fostering innovation in gas separation membrane technologies. Additionally, the increasing adoption of gas separation membranes across diverse applications such as carbon dioxide capture and hydrogen recovery are propelling market growth in this region, supported by continuous technological advancements.
New product launches and expansions are the major growth strategies adopted by the key players in the market. The key global players in the gas separation membrane market include are Air Liquide ( France ), Air Products and Chemicals, Inc. (US), UBE Corporation. ( Japan ), Honeywell UOP (US), FUJIFILM Manufacturing Europe B.V. ( Netherlands ), SLB (US), DIC Corporation ( Japan ), PARKER HANNIFIN CORPORATION (US), Membrane Technology and Research, Inc. (US), and Generon (US) among others.
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