October 06, 2022 06:30 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.

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NEWARK, Del, Oct. 06, 2022 (GLOBE NEWSWIRE) -- The global gas separation membrane market is expected to reach US$ 3.1051 Bn by the year 2028 from US$ 1.95 Bn in 2022 at a CAGR of 8.1% between 2022 and 2032.

Gas separation element’s application implies splitting up gases, so as to purify/separate aspects of a single/multiple gas (es). The gas penetrates as per diffusivity, solubility, or size difference by having membrane module pumped with gas. Gas separation method does play a major role in industrial plants and used in oil and gas vertical.

With growing demand for natural gas and biogas, removal of toxic gases is inevitable. As such, gas separation membrane ought to be there. The advantages of gas separation membrane include lower requirement of capital, lower requirement of energy, lower operational costs, and likewise.

Governments across the globe are imposing regulations regarding emission of carbon dioxide and greenhouse gases. This factor, along with need for hydrogen purification and hydrocarbons separation, is the factor accelerating the gas separation membrane market.

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However, the fact that industrial verticals are adopting new technologies like amine absorption technology, and pressure swing adsorption due to longer lifespan of modules, higher reliability, and capacity of operating under tough conditions can’t be ignored. This factor is bound to restrain the gas separation membrane market in the near future. The other challenges include membrane swelling, fouling, and plasticization. Installation of gas separation membrane technologies is also pricy.

The other processes running in parallel with gas separation membrane technologies include Benfield process, cryogenic process, amine guard process, and thermal swing absorption. Gas separation membrane technologies overpower them as they are more flexible and economical even at room temperature. Future Market Insights has, through its latest market study entitled “Gas Separation Membrane Market”, enlisted these findings with subsequent steps to be taken with regards to gas separation membrane market.

Key Takeaways from the Gas Separation Membrane Market

“With increasing demand for gas sweetening, biogas purification, and improvised oil recovery, the global gas separation membrane market is expected to expedite in the forecast period”, says an analyst from Future Market Insights.

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What does the Report Cover?

The research study is based on material type (polymeric membrane, inorganic membrane, and metallic membrane), by construction type (hollow fiber module, spiral wound module, and plate & frame module), by application (nitrogen separation, oxygen separation, acid gas separation, hydrogen separation, methane separation, carbon dioxide separation, and olefin – paraffin separation) and by end-use (chemical, petrochemical and oil & gas, food & beverages, power generation, pharmaceutical, pollution control, and others).

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About Future Market Insights, Inc.

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