Gas Separation Membranes Market By Type ( Polymeric Membranes And Nonpolymeric Membranes), By Application (Water & Waste Treatment, Food & Beverage Processing, Pharmaceuticals & Medical, Chemical Processing, Industrial Gas Processing) - Growth, Future Prospects And Competitive Analysis, 2016 - 2024

Over the past decade, polymeric gas separation membranes have been widely used for a variety of industrial gas separation applications. In today’s competitive climate, membrane gas separation is now widely accepted as an economic process to produce moderate purity stream gases.  Polymeric and non-polymeric are two basic types of gas separation membranes. Non-polymeric membranes consist of metal membranes, ceramic and zeolite membranes, thermally rearranged/microporous carbon membranes, mixed-matrix membranes, etc.

Certain properties of membranes, such as stability, porosity, durability, permeability, and selectivity, make them vital element in various industrial applications. At present, gas separation membranes are widely used in water & waste treatment and food & beverage processing applications.

The global gas separation membranes market is projected to experience substantial growth over the forecast period of 2016 to 2024 owing to growing industrialization in emerging economies. Technological innovations in water & wastewater treatment, food & beverage processing, pharmaceutical & medical applications, chemical processing, and industrial gas processing markets is driving the growth of global gas separation membranes market. Over the past few years, membrane processes for gas separation is gaining wide acceptance in various industries and are competing in the market with consolidated operations such as cryogenic distillation, absorption, condensation and pressure swing absorption.

On the basis of type global gas separation membrane market is segmented into polymeric membranes and non-polymeric membranes. Between these types, polymeric gas separation membranes accounts for major share of global gas separation membranes market, accounting for 77.46% market share in 2015.

On the basis of application, in the base year 2015, water & wastewater treatment accounted for major share of global gas separation membranes market. It accounted for 43.39% market share in same year followed by food & beverage processing with 21.96% market share.

For the purpose of this study, the global gas separation membranes market is categorized into regional markets viz., North America, Europe, Asia Pacific and Latin America, and Middle East and Africa. In base year 2015, Asia Pacific was observed as the largest market for gas separation membrane. The overall growth of the Asia Pacific market will be above the global benchmark during the forecast period. The major factors driving the growth in Asia Pacific include the rising population, increasing industrialization, rapid urbanization, and improved physical infrastructure in countries such as India, China, Japan, etc. and growing international trades from the region.

The report titled “Global Gas Separation Market - Growth, Future Prospects, and Competitive Analysis, 2016 – 2024” offers strategic insights into the global gas separation market along with the market size and estimates for the duration 2013 to 2024. The said research study covers in-depth analysis of multiple market segments based on type, application type and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2015 & 2024. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In order to help the strategic decision makers, the report also includes profiles of the leading gas separation membranes manufacturers, along with their, product portfolio and key developments. The major players profiled in the report are Air Products and Chemicals Incorporated, Asahi Kasei Corporation, Atlas Copco AB, Evonik Resource Efficiency GmbH (Evonik Industries AG), GE Water & Process Technologies, Mitsui Chemicals, Inc., The Dow Chemical Company among others. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the gas separation membranes industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2013 – 2014)
• SRC (Segment-Region-Country) Analysis
•  

Overall, the research study provides a holistic view of the global gas separation membranes market, offering market size and estimates for the period from 2016 to 2024, keeping in mind the above mentioned factors.

The global gas separation membranes market can be categorized on the basis of application as:

• Pharmaceuticals & Medical Use
• Water & Waste Treatment
• Industrial Gas Processing
• Chemical Processing
• Food & Beverage Processing
• Others
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Membranes are extensively accepted as an integral part of water recycling and recovery as industries strive to comply with rising stringent regulations to reduce or reuse wastewater. In 2015, water & waste treatment application accounted for 43.39% share of the global market. Water & waste treatment segment is projected to grow at a rapid pace over the forecast period of 2016 to 2024. Increasing concerns over water scarcity issues and need for desalination in the developing countries offer immense opportunity to this application. 

Membranes are an extremely efficient means to accomplish separation and filtration and offer additional benefit of reduced operating costs and energy consumption over traditional treatment methods. Pharmaceuticals & medical use application is projected to witness the highest growth rate of 8.6% from 2016 to 2024. This growth is mainly attributed to extensive usage of gas separation membranes in various medical products and processes. Moreover, the usage of gas separation membranes in some pharmaceuticals products is also becoming an indispensable process element, which will further drive the market growth.

Industrial gas processing application is also projected to be one of the fastest growing applications due to increased exploration activities in North America and Middle East & Africa, which will continue to expand in the coming years. Gas separation membranes are also adopted in various chemical processing facilities to reduce overall energy costs, contain waste, and increase valuable product recovery. Gas separation membranes are being substituted for chemical treatment of wastewater to reduce analytical, chemical, and labor costs, and to produce cleaner and more consistent waste for recycle or discharge.

The global gas separation membranes market can be categorized on the basis of regions as:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
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In 2015, Asia Pacific accounted for 38.98% share of the market and is projected to maintain its supremacy during the forecast period. This growth has been primarily attributed to the high demand of gas separation membranes from water & waste treatment, industrial gas treatment, pharmaceutical, and chemical processing industries. North America accounted for the second largest share of the market. However, the market for North America is fairly mature, and hence is projected to progress at a moderate CAGR of 8.1% over the forecast period. Middle East and Africa is projected to witness the second fastest growth rate over the forecast period owing to rising demand from water & waste treatment, industrial gas processing, pharmaceuticals & medical use sectors. 

The gas separation membranes market in Europe is gaining momentum due to the rising demand from pharmaceuticals and medical applications, environmental concerns, and improving prospects in various end-use markets. Among the various European economies, the gas separation membranes market was dominated by Germany, France, Italy and UK. Eastern Europe is projected to offers huge untapped market potential. The presence of large market players is making gas separation membranes more accessible to the consumers.