The Gas Separation Membrane Market Size was valued at USD 1.87 Billion in 2022. The Gas Separation Membrane industry is projected to grow from USD 2.46 Billion in 2023 to USD 4.67 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 10.25% during the forecast period (2023 - 2030).
A prominent market player, Honeywell, bolstered its position in the industry by acquiring Ortloff Engineers, a company specializing in natural gas processing. This strategic acquisition has not only expanded industry capacity but also enhanced customer returns within the oil refining sector.
Similarly, another major player, Air Liquide, announced a significant investment of approximately USD 170 million to expand oxygen supply industries across South Africa. This investment primarily focused on the construction of an Air Separation Unit capable of producing up to 5000 tonnes of oxygen for industrial use, further solidifying Air Liquide's presence in the market.
Gas Separation Membrane Material Type Outlook
Gas Separation Membrane Application Outlook
Gas Separation Membrane Regional Outlook
North America
Europe
Asia-Pacific
Rest of the World
Middle East
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Latin America
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