Gas Separation Membrane Global Market Opportunities and Strategies to 2033

This report describes and explains the gas separation membrane market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global gas separation membrane market reached a value of nearly $2.07 billion in 2023, having grown at a compound annual growth rate (CAGR) of 6.37% since 2018. The market is expected to grow from $2.07 billion in 2023 to $3.04 billion in 2028 at a rate of 7.99%. The market is then expected to grow at a CAGR of 8.51% from 2028 and reach $4.58 billion in 2033.

Growth in the historic period resulted from the strong economic growth in emerging markets, expansion of the oil and gas industry, increased demand for renewable energy sources and growth in the pharmaceutical industry. Factors that negatively affected growth in the historic period include constraints in achieving high efficiency levels in gas separation.

Going forward, the increasing industrialization across various sectors, growing demand for biogas and natural gas, growth of the chemical industry and growing food and beverage industry will drive the market. Factors that could hinder the growth of the gas separation membrane market in the future include high initial investment costs.

The gas separation membrane market is segmented by product type into polyimide and polyaramide, polysulfide, cellulose acetate and other products. The polyimide and polyaramide market was the largest segment of the gas separation membrane market segmented by product type, accounting for 38.59% or $800.65 million of the total in 2023. Going forward, the polyimide and polyaramide segment is expected to be the fastest growing segment in the gas separation membrane market segmented by product type, at a CAGR of 8.72% during 2023-2028.

The gas separation membrane market is segmented by application into nitrogen generation and oxygen enrichment, hydrogen recovery, carbon dioxide removal, vapor/gas separation, vapor/vapor separation, air dehydration and other applications. The nitrogen generation and oxygen enrichment market was the largest segment of the gas separation membrane market segmented by application, accounting for 29.56% or $613.27 million of the total in 2023. Going forward, the carbon dioxide removal segment is expected to be the fastest growing segment in the gas separation membrane market segmented by application, at a CAGR of 9.77% during 2023-2028.

The gas separation membrane market is segmented by end user industry into chemical, oil and gas industry, electric power, food and beverages and other end-user industries. The oil and gas industry market was the largest segment of the gas separation membrane market segmented by end user industry, accounting for 35.42% or $734.79 million of the total in 2023. Going forward, the other end-user industries segment is expected to be the fastest growing segment in the gas separation membrane market segmented by end user industry, at a CAGR of 9.00% during 2023-2028.

The gas separation membrane market is segmented by module into hollow fiber, spiral wound, plate and frame and other modules. The hollow fiber market was the largest segment of the gas separation membrane market segmented by module, accounting for 51.88% or $1.07 billion of the total in 2023. Going forward, the hollow fiber segment is expected to be the fastest growing segment in the gas separation membrane market segmented by module, at a CAGR of 8.25% during 2023-2028.

Asia-Pacific was the largest region in the gas separation membrane market, accounting for 39.61% or $821.63 million of the total in 2023. It was followed by Western Europe, North America and then the other regions. Going forward, the fastest-growing regions in the gas separation membrane market will be the Middle East and Africa, where growth will be at CAGRs of 12.36% and 10.53% respectively. These will be followed by Eastern Europe and South America, where the markets are expected to grow at CAGRs of 10.31% and 9.76% respectively.

The global gas separation membrane market is highly concentrated, with large players operating in the market. The top ten competitors in the market made up to 60.97% of the total market in 2023. Linde Plc was the largest competitor with a 23.76% share of the market, followed by Air Products and Chemicals Inc. with 15.00%, Schlumberger NV with 4.74%, Parker Hannifin Corporation with 4.29%, UBE Corporation with 3.76%, ExxonMobil Corporation with 3.23%, Air Liquide S.A. with 2.90%, Fujifilm Holdings Corporation with 1.20%, Mahle GmbH with 1.12% and ThyssenKrupp AG with 0.98%.

The top opportunities in the gas separation membrane market segmented by product type will arise in the polyimide and polyaramide segment, which will gain $415.69 million of global annual sales by 2028. The top opportunities in the gas separation membrane market segmented by application will arise in the nitrogen generation and oxygen enrichment segment, which will gain $269.9 million of global annual sales by 2028. The top opportunities in the gas separation membrane market segmented by end user industry will arise in the oil and gas industry segment, which will gain $336.51 million of global annual sales by 2028. The top opportunities in the gas separation membrane market segmented by module will arise in the hollow fiber segment, which will gain $523.45 million of global annual sales by 2028. The gas separation membrane market size will gain the most in China at $200.04 million.

Market-trend-based strategies for the gas separation membrane market include focus on prioritizing innovation in the industrial gas separation and purification sector for enhanced efficiency, sustainability and cost-effectiveness, strategic partnerships and collaborations to drive innovation, combining resources and expertise to develop cutting-edge products and technologies, establishment or enhancement of manufacturing facilities dedicated to producing membranes used in various industrial applications, significant advancements, aimed at enhancing efficiency and promoting cleaner energy solutions and focus on the deployment of new hydrogen separation pilot plants.

Player-adopted strategies in the gas separation membrane market include focus on strengthening operational capabilities through new product developments and expanding business through strategic partnerships.

To take advantage of the opportunities, the analyst recommends the gas separation membrane companies to focus on developing innovative and efficient gas separation membranes, focus on developing advanced hydrogen separation technologies, focus on developing innovative and efficient gas separation membrane solutions, focus on deploying hydrogen separation pilot plants with advanced membrane technology, focus on the polyimide and polyaramide segment, focus on the plate and frame segment, expand in emerging markets, focus on diversifying distribution channels for market expansion, focus on forming strategic partnerships and collaborations, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, focus on the carbon dioxide removal application segment and focus on the electric power end-user industry segment.