Authored By: Sarah
15 Nov 2023

Gas Separation Membrane Market forecasted of USD 841.31 Mn revenue growth through 2023-2027  

The gas separation membrane market is expected to grow at a compound annual growth rate (CAGR) of 6.3%, or USD 841.31 million from 2023 to 2027. Rising popularity as a flexible energy source, biogas has the potential to supply a large portion of the expanding power, heating, and fuel sectors. In terms of resource efficiency, it is in a favorable position, thus propelling the market advancement of the gas separation membranes market during the forecast period.

Air Liquide SA, Air Products and Chemicals Inc., Airlane Co. Ltd., Asahi Kasei Corp., DIC Corp., Evonik Industries AG, FUJIFILM Corp., GENERON, KNM Group Berhad, Membrane Technology and Research Inc., Novamem AG, Ube Corp., Xebec Adsorption Inc., Grasys JSC, Imtex Membranes Corp., and Honeywell International Inc are some of the major market participants when it comes to Gas Separation Membrane Market

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Snapshot of the Gas Separation Membrane Market

" Navigating through the eccentric market drivers, it has been concluded that the rising demand for biogas is the primary catalyst for the market propulsion."

Biodiesel and ethanol byproducts are used to make biogas. Methane is produced during the decomposition of organic wastes and energy crops. 

Methane is a fuel that can be burned straight to produce gas or transformed into energy. It can also be transported in canisters. As a flexible energy source, biogas has been gaining popularity and has a large potential to supply the expanding fuel, electricity, and heating industries. Hence this is in turn propelling market development of the Gas Separation Membrane Market

Techanvio's report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. Track down a detailed analysis of the prevalent market forces, trends, and drivers that are likely to impact the market in focus in our report.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerating at a CAGR of about 6.3%.

  2. What is the incremental growth of the market?
    The market is expected to grow by USD 841.31 Mn through 2023-2027.

  3. What is a key factor driving this market?
    Rising demand for biogas will drive market growth over the forecast period.

  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, Middle East and Africa, and South America are the key regions featured in this research report.

  5. Which is the leading geographic region for this market:
    33% growth will originate from North America
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