Lucintel's latest market report analyzed that gas separation membrane provides attractive opportunities in the nitrogen generation & oxygen enrichment, hydrogen recovery, carbon dioxide removal, vapour/gas separation, vapour/vapour separation, and air dehydration markets. The gas separation membrane market is expected to reach $2.0 billion by 2028 with a CAGR of 7%. In this market, polyimide &polyaramide is the largest segment by material type, whereas carbon dioxide removal is largest by application.

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Based on material type, the gas separation membrane market is segmented into polyimide &polyaramide, polysulfone, cellulose acetate, and others. The polyimide &polyaramide segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to owing to its high stability in chemical & thermal strength and mechanical strength and good mechanical properties.

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The Gas Separation Membrane Market is marked by the presence of several big and small players. Some of the prominent players offering gas separation membrane include Air Products and Chemicals, UBE Corporation, Air Liquide Advanced Seperations, DIC Corporation, Fujifilm Corporation, Parker-Hannifin Corporation, and Generon.

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