Enjoy complimentary customisation on priority with our Enterprise License!
The gas separation membrane market size is forecast to increase by USD 841.31 million at a CAGR of 6.3% between 2022 and 2027. The market is experiencing significant growth due to the increasing demand for greenhouse gas (GHG) capture in various industries. This trend is driven by the need to reduce GHG emissions and promote sustainability. One of the key applications of gas separation membranes is in the Haber process, which requires high-purity oxygen and hydrogen for ammonia production. Additionally, high-temperature applications, such as hydrocarbon separation and hydrogen purification, are also driving market growth. Moreover, the emergence of hybrid processes, which combine membrane technology with other separation methods, is gaining popularity in the market. These processes offer improved efficiency and cost savings. In the energy sector, hydroelectric power generation is another major application area for gas separation membranes, as they are used for hydrogen recovery and H2 purification. Despite these growth opportunities, the market faces challenges such as the high price of equipment and the need for advanced membranes to meet the demands of high-temperature and high-pressure applications.
1 Drivers, Challenges, and Trends
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.