The Gas Separation Membrane Market size is estimated at USD 1.97 billion in 2024, and is expected to reach USD 2.61 billion by 2029, growing at a CAGR of 5.87% during the forecast period (2024-2029).
COVID-19 had a significant impact on the entire supply chain of the oil and gas industry, pharmaceutical industry, and biomedical devices industry, owing to strict lockdowns in several regions and thus negatively impacting the market for gas separation membranes. However, with the lifting of restrictions, the market is expected to gain pace with time and continue to grow during the forecast period.
The gas separation membrane market is partially consolidated in nature, with a few major players dominating a significant portion of the market. Some of the major companies are Air Products and Chemicals, Inc., UBE Corporation, Air Liquide Advanced Seperations, DIC Corporation, Fujifilm Corporation, among others.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook