An Incisive, In-depth Analysis on the Gas Separation Membranes Market
This study offers a comprehensive, 360 degree analysis on the Gas Separation Membranes market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Gas Separation Membranes market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
The gas separation membrane market report covers comprehensive information about market trends, volume (Million sq. meter) and value (US$ Mn) projections, market dynamics, competition and recent developments in the global gas separation membrane market for the study period 2013 to 2028.
The global gas separation membrane market is expected to witness an absolute $ opportunity worth USD 1.6 Billion during the forecast period, growing at a CAGR of 7.8%, by value. The growing demand from natural gas plants and chemical industries is expected to drive the steady growth of the global gas separation membrane market.
Polymeric Membrane Segment to Dominate the Gas Separation Membrane Market by Material Type
The gas separation membrane market has been segmented on the basis of material type into polymeric membranes, inorganic membranes and metallic membranes. The polymeric membrane segment is projected to dominate the gas separation membrane market during the forecast period, in terms of value and volume. Polymeric gas separation membranes such as PTFE membranes find diverse applications across industries, owing to their simple installation, cost effectiveness, reliable operation, low maintenance requirements and easy availability. Inorganic gas separation membranes, particularly ones based on advanced ceramics, serve specific applications that require higher pressure ratings and thus, the inorganic gas separation membrane segment is expected to be key in driving market demand. Extensive research and technological development is underway for metallic gas separation membranes, particularly palladium-based membranes. However, their high cost is inhibiting the growth of the segment’s market share.
The polymeric membrane segment of the gas separation membrane market is expected to account for 60.3% of the overall absolute dollar opportunity created during the forecast period.
Hollow Fiber Segment to Witness Rapid Growth during the Forecast Period, Driven by High Operational Efficiency
The gas separation membrane market has been segmented on the basis of construction type into hollow fiber, spiral wound and plate & frame. The hollow fiber module of gas separation membrane consists of thin and fine capillaries that are collected together in a bundle, which is potted perfectly on each end to prevent any leaks between the feed chamber and permeate chamber. Hollow fiber gas separation membranes usually contain porous polymeric fibers that perform very well under high pressure conditions, which in turn increases their application. Also, hollow fiber construction type gas separation membranes have lower space requirements – a valuable physical attribute that helps in reducing the size of the overall gas separation membrane-based system set-up.
The hollow fiber segment of the gas separation membrane market is expected to account for 54.8% of the absolute $ opportunity created during the forecast period.
By End User, the Gas Separation Membrane Market is Projected to Witness High Growth in the Chemical Industry and the Petrochemical and Oil & Gas Sector
Industrial filration is a process of critical importance for many end use setors. Amongst the end users studied in the global gas separation membrane market report, the chemical industry is expected to witness 2.2X growth during the forecast period in terms of value. This growth is driven by the growing demand for gas separation membrane systems in view of their low capital costs, long lifespans and low energy consumption requirements as compared to other gas separation techniques. The gas separation membrane market is also expected to witness robust growth in the oil & gas sector with rising demand particularly from natural gas plants and new gas processing project commencements.
During the forecast period, the chemical industry is projected to create an absolute $ opportunity worth US$ 461.2 Million in the global gas separation membrane market.
Western Europe is Projected to Register the Fastest Growth Among All Regions in the Gas Separation Membrane Market
The strong demand from natural gas processing plants for hydrogen separation, among other applications, along with the increasing penetration of gas separation membranes as reliable alternatives as compared to existing gas separation technologies will provide a good foundation for the expansion of the gas separation membrane market during the forecast period. The Western Europe gas separation membrane market is expected to grow at a CAGR of 8.5% during the forecast period, followed by North America and Asia Pacific. Countries such as the U.S., China and Germany are projected to create strong demand in the global gas separation membrane market.
Western Europe and North America are collectively projected to witness an absolute dollar opportunity of US$ 983 Million in the gas separation membrane market during the forecast period.
Gas Separation Membrane Market – Competitive Landscape
The global gas separation membrane market is highly competitive with a number of large international players catering to the market, along with numerous regional players. The top tier players account for a market share of 55-58% in the global gas separation membrane market.
The gas separation membrane market has witnessed various competitive developments in the past few years, ranging from contracts & agreements to new product introductions and expansions. Below are few of the key developments witnessed in the global gas separation membrane market in the recent past:
- In 2018, Air Products and Chemicals Inc. entered into an agreement with Royal Dutch Shell plc (Shell) to acquire its Coal Gasification Technology business
- In April 2017, Honeywell UOP received a contract from Dangote Oil Refinery to provide technology licensing, design services and critical equipment for petrochemical and refinery plants
- In 2016, Air Liquide SA signed a contract with Maoming Petrochemical Co. (MPCC). According to the agreement, the company would invest US$ 45.1 Million in a new air separation unit with the capacity to produce approximately 850 Tons of oxygen per day
Some of the key players covered in the global gas separation membrane market study include Honeywell International (Honeywell UOP), Air Products and Chemicals Inc., Air Liquide Advanced Separations LLC, UBE Industries Ltd., Schlumberger Ltd, Fujifilm Manufacturing Europe B.V., Parker-Hannifin Corporation, Membrane Technology and Research Inc., Evonik Industries, Atlas Copco AB, and Generon LLC.
Key Questions Answered in the Gas Separation Membrane Market Report
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How has the gas separation membrane market evolved over the past few years?
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What shape is the gas separation membrane market expected to take during the study period, in volume and value terms?
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What are the key market dynamics prevalent in the gas separation membrane market?
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What are the competitive developments and major trends in the gas separation membrane market?
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What are the major underlying macro-economic factors and industry dynamics affecting the growth of the gas separation membrane market?
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What are the key challenges, restraints and opportunities for gas separation membrane market players?
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What are the key strategies and market positioning techniques of key players in the gas separation membrane market, as per the market taxonomy?
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What is the structure of the competition currently in the gas separation membrane market?
Gas Separation Membrane Market: Report Description
This FMI study on gas separation membrane offers a ten-year forecast for the global gas separation membrane market between 2018 and 2028. The gas separation membrane market study considers 2017 as the base year with market values estimated for the year 2018 and forecast developed for the duration 2018 to 2028. Compound Average Growth Rate (CAGR) for the gas separation membrane market study has been represented from 2018 to 2028. This gas separation membrane market study covers various perspectives of the market, including market dynamics, value chain and pricing chain analysis, competition analysis, regional and segmental growth comparison and macro-economic and industry growth analysis, along with segment level projections in a comprehensive manner. As per the findings of the study and perspectives of industry participants, the global gas separation membrane market is projected to grow at a CAGR of 7.8% between 2018 and 2028, in terms of value. The growing natural gas and shale gas production and increasing gas processing projects around the globe are some of the factors positively impacting the uptake of gas separation membranes in the global market.
A gas separation membrane is a pivotal component which is installed in a gas separation system. The gas separation membrane is a selective barrier which separates process gases from a feed of mixed gases owing to the selective permeability of the membrane material which is different for different gases.
This Future Market Insights report carefully analyses the market at a global and regional level through market segmentation on the basis of key parameters, such as material type, construction type, application, end use industry and region. This gas separation membrane market report is structured to facilitate the reader to develop a thorough understanding of the market. The report begins with market definitions, which are followed by market background, market dynamics and market analysis by key segments, regional analysis and competition landscape. Each section of the report covers a qualitative and quantitative assessment of the market on the basis of facts, historical developments and key opinions collected from industry participants through dedicated interviews and trends in the market.
Gas Separation Membrane Market: Segmentation
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The gas separation membrane report begins with a market introduction, which defines the market taxonomy and product definitions with respect to the global gas separation membrane market assessment. In the next section, the report describes the market development background, covering macro-economic factors and industry factors affecting the gas separation membrane market for the base year considered for the study.
The next section of the gas separation membrane report discusses market dynamics, such as drivers (supply and demand side), restraints and trends, impacting the market growth at a global level. This section also includes the impact assessment of market dynamics on the global gas separation membrane market.
Subsequent sections of the gas separation membrane report provide value (US$) and volume (New Sales in Units) projections for the on the basis of the aforementioned segments at a global level. The next section of the report presents a summarised view of the global gas separation membrane market based on seven prominent regions considered in the study.
All the above sections evaluate the present gas separation membrane market scenario and growth prospects in the global market while the forecast presented in the sections assesses the market size in terms of volume and value.
In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market on the basis of key parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the gas separation membrane market and identify the right opportunities available.
Another key feature of this gas separation membrane report is the analysis of all key segments in the gas separation membrane market, sub-segments and the regional adoption and revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market; however, the absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as to identify potential resources from a sales and delivery perspective in the gas separation membrane market.
In order to understand the key segments in terms of growth and installation of gas separation membrane across concerned regions, Future Market Insights has developed the attractiveness index, which will help providers identify real market opportunities.
In the final section of the report, a competitive landscape of the gas separation membrane market has been included to provide report audiences with a dashboard view, categorised on the basis of providers present in the value chain, their presence in the gas separation membrane market and key differentiating factors and strategies. The primary category of providers covered in the gas separation membrane market report includes gas separation membrane manufacturers. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the gas separation membrane market. Examples of some of the key competitors covered in this report include Honeywell International (Honeywell UOP), Air Products and Chemicals Inc., Air Liquide Advanced Separations LLC, UBE Industries Ltd., Schlumberger Ltd, Fujifilm Manufacturing Europe B.V., Parker-Hannifin Corporation, Membrane Technology and Research Inc., DIC Corporation, Evonik Industries, Mahler AGS, Atlas Copco AB, GENERON LLC, GRASYS JSC and GMT Membrantechnik GmbH.
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