Gas Separation Membranes Market
Gas Separation Membrane Market size is estimated at USD 1.9 billion in 2024 and is anticipated to reach USD 3.9 billion by the end of 2037, growing at a CAGR of 5.5% during the forecast period, i.e., 2025-2037. In 2025, the industry size of gas separation membrane is assessed at USD 2 billion.
The surge in demand for cleaner energy sources to mitigate greenhouse gas emissions is anticipated to boost the adoption of gas separation membrane. This represents a major opportunity for process developers and licensors looking to commercialize efficient and low-cost methods for gas separation technologies. For instance, in February 2023, Air Products Membrane Solutions introduced the state-of-the-art PRISM InertPro Nitrogen Membrane System to meet evolving customer requirements in the energy, oil, and gas industry.
Government regulations and initiatives also push the demand for gas separation membrane. Policies of various regions are creating an environment that encourages clean energy sources, and setting various targets has reduced GHF emissions. This set of policies is developing a favorable environment for gas separation membrane as companies try to comply with environmental standards and capitalize on incentives offered for sustainable practices. For example, the U.S. Department of Energy has crafted ambitious carbon capture, utilization, and storage goals by 2050. This initiative is foreseen to boost the demand for gas separation membrane in carbon-capturing applications.
Author Credits: Dhruv Bhatia
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