The latest market report published by Credence Research, Inc. “Gas Separation Membranes Market, By Type, Application and Region – Growth, Future Prospects and Competitive Analysis, 2016 – 2024,” the global gas separation membranes market was valued at US$ 1,720.4 Mn in 2015, and is expected to each US$ 3,325.2 Mn by 2024, expanding at a CAGR of 8.2% from 2016 to 2024.
The purpose of the report is to illustrate the state of the market of Gas Separation Membranes, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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Market Insights
The global gas separation membranes market is experiencing growth due to rise in demand from various end use application. As energy costs rise, gas separation membrane technology is likely to play an increasingly important role in reducing the environmental impact and costs of industrial processes. Gas separations membranes are widely used in food & beverage processing, water & wastewater treatment, pharmaceutical & medical application, chemical processing, industrial gas processing and other applications. Moreover, Compared to the conventional separation technologies such as cryogenic distillation, absorption and adsorption, industrial attention is now focused on adoption of membrane based gas separation. This is due to inherent advantages offered by gas separation membranes such as energy efficiency with low capital investment, simplicity and ease of installation, low operation and maintenance cost, low weight and space requirement with high process flexibility.
The major challenge hampering the growth of the market is problems associated with the lifespan of membranes as after a certain period, the durability of membranes decreases, resulting in need for replacement, therefore associated increased operational and maintenance costs. Increasing concerns over water scarcity and need for desalination in the developing countries offer growth opportunity to the gas separation membranes in water and water treatment market.
Competitive Insights
Major players in the membrane system providers such as Air Liquid (PoroGen Corporation), Air Products and Chemicals Incorporated, Evonik Resource Efficiency GmbH, GE Water & Process Technologies, etc. are original equipment manufacturers (OEMs) of gas separation membranes. Distributors, EPC contractors and company owned sales offices are major sales & distribution paths for gas separation membranes and gas separation systems. All large players are increasing their footprint in emerging economies by opening regional sales offices cater to the increasing demand from various end-use applications.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Gas Separation Membranes buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Gas Separation Membranes contains:
Analysis and forecast of Gas Separation Membranes market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Gas Separation Membranes market;
Assessment and forecast of Gas Separation Membranes market development;
Financial and business profiles of the leading companies in the Gas Separation Membranes industry.
Scope
– Up to date working Gas Separation Membranes data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Gas Separation Membranes for the period 2018 to 2026
– Planned Gas Separation Membranes additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Gas Separation Membranes projects by region, key countries, and companies
– Details of major planned Gas Separation Membranes projects in the world up to 2026
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