Global Gas Separation Membrane Market Insights:
The global gas separation membrane market is poised to witness a CAGR of ~8% during the forecast period (2020-2030). Greater efficiency in gas purification and separation is projected to fuel market growth. Gas separation membranes allow for high performance at elevated temperatures and extreme pressures. Therefore, they have emerged as ideal purification methods in natural gas production.
Increasing natural gas and shale gas production is poised to drive the gas separation membranes market. Increasing demand for gas separation membranes in refining and petrochemical industries is set to proliferate demand in the forthcoming years.
Global Gas Separation Membrane Market Trends
In 2019, the global production of natural gas was pegged at 3, 937 billion cubic meters (Bcm). This growth was largely driven by China, the Middle East and Europe. Extraction of hydrocarbons has motivated market players to invest in brownfield and greenfield gas processing projects. Gas processing units are expanding in terms of financial growth and technological advancements.
The upgradation of gas processing plants has been driving the deployment of gas separation membranes, augmenting growth throughout the forecast period. Gas treatment plants are expected to register a high investment rate over the forecast period which will create remunerative opportunities for gas separation membranes suppliers.
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Global Gas Separation Membrane Market Regional Insights:
Europe has driven the consumption of gas separation membranes, accounting for over one third of the market share in 2019. The scenario is projected to continue due to upcoming multimillion dollar oil and gas projects in the region. These operations are expected to produce over 1,496 thousand barrels per day (mbd) oil and over 4.7 billion cubic feet per day (bcfd) gas.
Owing to these high budget projects, progressive environments for the regional and global gas separation membrane market are anticipated. However, North America is projected to experience a healthy growth rate of 8% throughout the assessment period.
Global Gas Separation Membrane Market Manufacturers: Key Strategies
The global gas separation membrane market is highly consolidated in nature, in which the top six players accounted for over half of the global production in 2019. Honeywell International Inc., Evonik Industries, Air Products and Chemicals are some of the key stakeholders. A key trend witnessed in the market encompasses strategic partnerships and collaborations between membrane manufacturers, technology providers and stakeholders in the industry.
For instance, in 2018, to address the increasing demand for natural gas, Evonik Industries and The Linde Group has collaborated to implement gas separation membranes in natural gas processing. The joint product will be marketed and promoted by Linde as the “HISELECT powered by Evonik” high-performance membrane package unit. Similarly, companies like Air products and Air Liquide Advanced Separations LLC have been involved in other organic and inorganic strategies to leverage immense potential from the market.
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COVID-19 Impact Insights
The coronavirus pandemic has generated major shockwaves across the globe. As a result, trade in natural gas has been disrupted as a result of cessation of extraction operations, shutting down of production units and suspension of logistical arrangements. Due to the pandemic, every refinery, plant and natural gas processing plant is closed, thus restraining the demand for gas separation membranes.
Europe is a leading consumer of gas separation membranes, accounting for over one third of the global demand in 2019. In the first quarter of 2020, European markets suffered huge losses as it was the worst affected region. In the second quarter, while mortality rates have declined, the number of coronavirus cases have not abated. This has dimmed prospects for regional growth. Following Europe is North America in terms of the number of COVID-19 infections and is poised to experience stagnant growth in the second and third quarters respectively.
“Uncertainties related to the novel coronavirus outbreak will restrict the growth of the global gas separation membrane market in the midterm (2020-2025) forecast. The market is likely to surge in the aftermath”, says the Fact.MR analyst.
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About the Report
Fact.MR published an exclusive forecast report for gas separation membrane market between 2020 and 2030. The foremost objective of this report on gas separation membrane market is to pitch spearhead insights on market scenario, demand generators, and technological advancements in the gas separation membrane market.
Also, the study on gas separation membrane market addresses key dynamics, which are expected to diversify the sales and future prominence of gas separation membrane market.
The report on gas separation membrane market begins with an executive overview in which product definition has been provided. The report further proceeds with taxonomy of gas separation membrane market elaborating on the key segments. Also, the report outlines visionary insights on dynamics gas separation membrane market including drivers, restraints, opportunities and trends and pricing analysis along with the key buying factors for gas separation membrane.
Supply chain analysis and pricing analysis of gas separation membrane market along with the difference between gas separation membrane used as per applications have also been included in the report to help the readers clearly understand the product framework map in gas separation membrane market.
Gas Separation Membrane Market: Segmentation
Fact.MR has segmented the gas separation membrane market on the basis of material, construction, application, end use and region.
- Polymeric Membrane
- Inorganic Membrane
- Metallic Membrane
- Hollow Fiber Module
- Spiral Wound Module
- Plate & Frame Module
- Nitrogen Separation
- Oxygen Separation
- Acid gas Separation
- Hydrogen Separation
- Methane Separation
- Carbon Dioxide Separation
- Olefin - Paraffin Separation
- Petrochemical and Oil & Gas
- Food and Beverages
- Power Generation
- Pollution Control
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East Africa
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Gas Separation Membrane Market - Scope Of The Report
The gas separation membrane market study done by Fact.MR gives exclusive information about how the market will grow during the forecast period of 2020 – 2030. The study identifies crucial trends that are determining growth of the gas separation membrane market. This newly published report sheds light on vital dynamics, such as drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply of gas separation membrane. The report primarily conveys a summary of the market, considering the present and upcoming global natural gas processing plants, oil & gas industry and air separation developments to reveal striking sides relating to the adoption of gas separation membrane across prominent regional markets.
A detailed assessment of the market supply chain analysis, business execution, and value chain analysis across the regional markets have been provided in the report. A list of prominent companies operating in the gas separation membrane market, enhance the reliability of this comprehensive research study.
Gas Separation Membrane Market: Report Summary
The study offers an inclusive analysis on diverse features including demand, revenue generation, and sales by key players in the gas separation membrane market across the globe. A comprehensive study on the market has been done through optimistic and conservative scenarios. The analysis and estimation of price point comparison by region with the global average price has been included in this study.
Gas Separation Membrane Market: Analysis on Market Size Evaluation
Existing predictions of the gas separation membrane market, encompassing current as well as forthcoming values estimates, analysis on region-wise demand trends, and price index have been assimilated in the report.
The market estimation at the regional and global scale of gas separation membrane is available in terms of value (US$ Mn) and in terms volume (Units). A Y-o-Y growth contrast of the prominent gas separation membrane market segments, along with market attractiveness valuation computes have been incorporated in the report. Metrics mentioned above are also based on gas separation membrane types, where gas separation membrane witnesses a steady demand.
Gas Separation Membrane Market: Scrutinized Assessment on Regional Segments
The weighted sections have been elaborated in the report of the gas separation membrane market, which deliver projection on regional markets. These chapters highlight regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the gas separation membrane market during the forecast period.
Country-specific valuation on the demand for gas separation membrane has been offered for each regional market, along with market scope estimates and forecast, price index, price point assessment, and impact analysis of dynamics in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Gas separation membrane Market: In-depth Analysis on Competitive Landscape
The report offers the competitive scenario of the gas separation membrane market, along with profiles of prominent companies contributing to market expansion. Essential and up-to-date data as well as information correlated to market performers, who are principally engaged in the production and supply of gas separation membrane, have been presented with the help of a detailed dashboard view. The market share analysis and comparison of prominent players provided in the report permits readers to take preemptive steps in advancing their businesses.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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