The latest market report published by Credence Research Inc. “Global Polymer Gas Separation Membrane Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. Theglobal polymer gas separation membrane market generated revenue of around USD XX billion in 2021 and is anticipated to grow a CAGR of over XX% during the forecast period from 2022 to 2028 to reach around USD XX billion in 2028.
The market is expected to increase positively during the forecast period due to rising biogas demand, a move from coal energy to natural gas, and rising natural gas use in emerging economies. Moreover, the advances in digital technologies in the polymer gas separation membrane market enable efficient manufacturing, portfolio expansion, effective operational maintenance, and sales monitoring. Some other factors include the rising need for smart storage, intelligent automation, decentralized networks, and rising disposable incomes in developing nations. Furthermore, the rising demand for membranes in carbon dioxide separation processes is expected to drive market growth.
is bifurcated into construction type, application, end-use industry, and geography. Based on construction type, the polymer gas separation membrane market is segmented into hollow fiber modules, spiral wound modules, and plate & frame modules. Based on application, the polymer gas separation membrane market is categorized into nitrogen separation, oxygen separation, acid gas separation, hydrogen separation, methane separation, carbon dioxide separation, and olefin-paraffin separation. Based on the end-use industry, the polymer gas separation membrane market is segmented into chemical, petrochemical, oil & gas, food & beverages, power generation, pharmaceutical, pollution control, and others. The polymer gas separation membrane market is segmented geographically into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
In 2021, Asia-Pacific was predicted to be the largest and fastest-growing market for gas separation membranes due to the rising industrialization in emerging countries. Furthermore, growing biogas use and increased CO2 reduction emphasis in Indonesia, China, and India will boost market expansion. On the other side, North America was the second-largest market in 2021 due to a number of manufacturers with a global geographical presence. Furthermore, rising demand for shale gas in the area will drive market expansion in the future years.
The polymer gas separation (PGS) industry is forecast to grow at a healthy rate over the next decade due to its many advantages over traditional gas separation methods. These advantages include lower capital and operating costs, higher efficiency, and ability to process larger volumes of gas.
One of the key growth trends in PGS is the increasing demand for low-carbon fuels. This demand is being driven by concerns about climate change, increased energy security, and improving environmental performance. Many PGS technologies are able to selectively remove carbon dioxide (CO2) from natural gas emissions, making it an ideal candidate for use in low-carbon fuel production.
Why to Buy This Report-
· The report provides a qualitative and quantitative analysis of the global polymer gas separation membrane market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, base year- 2021, and forecast period 2022-2028.
· The report contains information related to the competitive landscape like how the key players in the market are operating at a global, regional, and country level
· In-depth analysis of the global polymer gas separation membrane market segmentation based on construction type, application, and end-use industry
· Major countries in each region with their import/export statistics
· The global polymer gas separation membrane market report also includes analyzing of the global, regional, and country levels, key market trends, significant players analysis, market growth strategies, and key application areas.
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