The gas separation membranes market is estimated to exhibit stellar a very impressive 8% CAGR between the projection years from 2020 to 2030. The covid-19 pandemic has had a disruptive impact on the global market, largely owing to cessation or reduction of offshore and shale natural gas production and demand in 2020. The industry is likely to witness strong recovery towards 2021 with continued investments into gas processing plant upgrades.
"Rising concerns about the environmental impact of the natural gas industry coupled with strict government regulations to minimize oil in water levels for pipelines have resulted in efforts to standardize separation levels. This in turn has increased the demand for gas separation membranes for years ahead," says the Fact.MR analyst.
Gas Separation Membranes Market - Important Takeaways
- Scrubber separation membranes are witnessing strong growth in demand, aided by strict government rules on flare gas quality.
- Hydrogen separation membranes are expected to gain popularity in electrolyzer applications, driven by investments in the renewable energy sector.
- Asia Pacific is a fast-growing market for gas separation membranes owing to major increases in exploration and production activity in India, China, Vietnam, Indonesia, Malaysia, and Taiwan.
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Gas Separation Membranes Market - Driving Factors
- Strict government regulations on greenhouse gas emissions in industrial settings is a major influencer for market growth.
- Niche applications in power, and water treatment sectors will generate lucrative growth opportunities.
Gas Separation Membranes Market - Leading Constraints
- Concerns over the plasticization of polymer-based gas separation membranes hinders market prospects.
- High costs associated to the production and use of metallic membranes is restricting market growth.
Anticipated Market Impact by Coronavirus Outbreak
The covid-19 pandemic has resulted in a sharp decline in the demand for exploration activities in the natural gas sector. New projects in the industry have been delayed or cancelled. Further, the outbreak is likely to result in long-term economic uncertainty in the sector. These factors are expected to have a detrimental impact on the demand for gas separation membranes. Recovery of the market is likely to be steady towards 2021 as the natural gas sector has proven to be more resilient in comparison to that of the coal and oil industries.
Competition Landscape
Some of the leading manufacturers in the global gas separation membrane market include but are not limited to UBE Industries, Honeywell International Inc., Schlumberger Ltd., Evonik Industries, and Air Products and Chemicals.
Players in the gas separation membrane market are displaying increased interest in strategic collaborations for product development and long-term contracts in end user industries.
For example, Aker Solutions has partnered with Total, Equinor, and Pertamina for research initiatives for subsea gas and CO2 separation membranes. Compact Membrane Systems Inc. is collaborating with Braskem America Inc. as for joint development initiative for olefin/paraffin gas separation technologies. Further, Koch Separation Solutions is expanding production of its hollow fiber membrane technology in Wilmington, Massachusetts.
Explore the global gas separation membrane market with 119 figures, 70 data tables, along with the table of contents of the report. You can also find detailed segmentation on https://www.factmr.com/connectus/sample?flag=RM&rep_id=4803
More on the Report
The FACT.MR's market research report provides in-depth insights on gas separation membrane market. The market is scrutinized according to material (polymeric, inorganic, and metallic), construction (hollw fiber, spiral wound, and plate & frame), application (nitrogen, oxygen, acid gas, hydrogen, methane, carbon dioxide, and olefin-paraffin) and end use (chemical, petrochemical and oil & gas, food & beverages, power generation, pharmaceutical, pollution control, and others) across six key regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and Middle East and Africa).
Press Release: https://www.factmr.com/media-release/1571/global-gas-separation-membrane-market
Fact.MR has adopted a multi-disciplinary approach to shed light on the evolution of the global Gas Separation Membrane market during the historical period of 2015– 2019.
The global gas separation membrane market is poised to witness a CAGR of ~8% during the forecast period (2020-2030).
Extensive rounds of primary and comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections of the Gas Separation Membrane market, both at global and regional levels.
The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Gas Separation Membrane market.The novel Coronavirus (COVID-19) has caused a slowdown in business activities of the Gas Separation Membrane Market.
With the help of our upcoming report, market players can gain important insights on alternative strategies that can help in revenue generation.
The leading factors that are likely to impact the growth of the Gas Separation Membrane Market over the assessment period are thoroughly analyzed in the report.After reading the Gas Separation Membrane market report, readers get insight into: Major drivers and restraining factors, opportunities and challenges, and the competitive landscapeNew, promising avenues in key regionsNew revenue streams for all players in emerging marketsFocus and changing role of various regulatory agencies in bolstering new opportunities in various regionsDemand and uptake patterns in key industries of the Gas Separation Membrane marketNew research and development projects in new technologies in key regional marketsChanging revenue share and size of key product segments during the forecast periodTechnologies and business models with disruptive potential Request for Sample Report with Statistical Info @ https://www.factmr.com/connectus/sample?flag=S_id=4803The Gas Separation Membrane market report offers an assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period.
A business intelligence report on the global Gas Separation Membrane market offers quantitative estimation of the opportunities and qualitative assessment various growth dynamics.
The study highlights estimations of the opportunities in the historical period, and offers several projections during the forecast period.The following are taken into consideration:Historical Period: 2015 – 2019Forecast Period: 2020 to 2030Request to View Sample of Research Report @ https://www.factmr.com/connectus/sample?flag=S_id=4803Key Focus Areas of Report on Global Gas Separation Membrane MarketThe study on the Gas Separation Membrane market includes detailed market estimations of opportunities in various segments and their share/size globally in each year during the forecast period.
The following are the broad insights that form the backbone of the evaluation of the Gas Separation Membrane market.Detailed segmentation to at least two levels based on various parameters that include region, end user/application, and product/technology/service type/modelCurrent valuation of all the key segmentsProjected CAGR of the key segments from 2020 to 2030Qualitative analyses of the growth trajectory of the Gas Separation Membrane market year-over-year; these include scrutiny of the key growth dynamics: drivers, restraints, winning imperatives for players, challenges, and opportunitiesProfile of prominent players in the Gas Separation Membrane marketStrategies and Recent Moves made by them to consolidate their positionsCOVID-19 disruptions in macroeconomic dynamics that will shape the future contours of the market dynamicsAttractiveness of key product/technology segmentsSegmental Analysis Comprise the following.Based on End-use Industry/Application, ChemicalPetrochemical and Oil & GasFood and BeveragesPower GenerationPharmaceuticalBased on Product/Technology,Polymeric MembraneInorganic MembraneMetallic MembraneBased on Region,North AmericaLatin AmericaEuropeJapanAPEJMEATop players includeAir Liquide Advanced Separations LLCAir Products and Chemicals IncAtlas Copco ABDIC CorporationEvonik IndustriesWhat Businesses Can Hope to Get in Business Intelligence on Gas Separation Membrane Market?The study insights on the Gas Separation Membrane market growth dynamics and opportunities highlights various key aspects, in which crucial ones are:Which are the technology and strategic areas that emerging, new entrants, and established players should focus on keep growing in the industry-wide disruptions that COVID-19 has caused?Which new avenues bear incredible potential during the ongoing COVID-19 lockdown restrictions?Which policies by governments can give the top stakeholders support their efforts of consolidation?What new business models are gathering pace among companies to remain agile in post-COVID-era?Which segments will see a surge in popularity in near future, and what calibrations players need to make to utilize the trend for an elongated period?To Know More Information about This Report, Ask The Analyst @ https://www.factmr.com/connectus/sample?flag=AE_id=4803Insights and Perspectives that make this Study on Gas Separation Membrane Market Stand OutThe analysts who have prepared the report have been keen observers of the dynamism due to macroeconomic upheavals.
Using the best industry assessment quantitative methods and data integration technologies, they have come out with a holistic overview of the future growth trajectories of the Gas Separation Membrane market.
Fact-based insights and easy-to-comprehend information based on wide spectrum of market data is what makes this study different from competitors.The following evaluations create a differentiating approach towards understanding the market dynamics and presenting the crux to its readers:The analysts harness rigorous statistical analytical tools combined with their expertise to identify imminent investment pockets in various regions and in various technology segments.The study offers a broad framework for businesses to assess the change in policies on their internal growth dynamics.The study strives to offer a multi-dimensional and inter-industry evaluation of the market impacts on recent mergers and acquisitions, deals and partnerships, and venture funding.The analysts have presented this information in easy-to-understand formats.About Fact.MRFact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports.
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