Gas Separation Membrane Market – Rising Demand for Biogas Promotes Growth| Technavio

LONDON–(BUSINESS WIRE)–#Research—Technavio
market research analysts forecast the global
gas separation membrane market to grow at a CAGR of more than 7%
during the period 2018-2022, according to their latest report.

This market research report segments the global gas separation membrane
market into the following applications (CO2 removal, nitrogen generation
and oxygen enrichment, and hydrogen recovery) and end-users (water and
waste treatment, food and beverage, and pharmaceutical).

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In this report, Technavio analysts highlight the rising demand for
biogas as a key factor contributing to the growth of the global gas
separation membrane market:

Rising demand for biogas

Biogas is produced from byproducts of biodiesel and ethanol. It is also
produced by the anaerobic digestion of energy crops and organic
residues. The rotting process of energy crops and organic residues
results in the production of methane. Methane can be either directly
burnt as a gas or converted into electricity. It can be stored in
canisters for transportation purpose. Biogas has been gaining traction
as a versatile energy carrier with a substantial potential to meet the
increasing demand from the power, heating, and fuel markets. It holds an
advantageous position in terms of resource efficiency.

According to a senior analyst at Technavio for metals
and minerals, “Factors such as biogas being used as a
renewable source of energy and the increasing greenhouse gas emissions
are the major factors driving the growth of the market. With the biogas
market growing at a high growth rate, the gas separation membrane market
is expected to grow as biogas is extracted from biomass. Biomass
consists of gases such as methane and carbon dioxide, as well as traces
of hydrogen sulfide, ammonia, hydrogen, nitrogen, carbon monoxide, and
oxygen. These gases are separated from biogas using gas separation
membrane technology.”

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Global gas separation membrane market
segmentation

Of the three major applications, the CO2 removal segment held the
largest market share in 2017, accounting for nearly 32% of the market.
The market share for this segment is expected to increase slightly
during the forecast period.

APAC was the leading region for the global gas
separation membrane market in 2017, accounting for a market
share of around 40%. The market share of APAC is anticipated to increase
during the forecast period.

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