Live Wire Reporter

Global Gas Separation Membranes Market Is Expected To Reach US$ 3,325.2 Mn By 2024: Credence Research

Global Gas Separation Membranes Market Is Expected To Reach US$ 3,325.2 Mn By 2024: Credence Research

Credenceresearch.com has announced the addition of “Global Gas Separation Membranes Market Is Expected To Reach US$ 3,325.2 Mn By 2024: Credence Research” Market Research Report to their Database.

The latest market report published by Credence Research, Inc. “Gas Separation Membranes Market, By Type, Application and Region – Growth, Future Prospects and Competitive Analysis, 2016 – 2024,” the global gas separation membranes market was valued at US$ 1,720.4 Mn in 2015, and is expected to each US$ 3,325.2 Mn by 2024, expanding at a CAGR of 8.2% from 2016 to 2024.

Browse the full Gas Separation Membranes Market – Growth, Future Prospects and Competitive Analysis, 2016 – 2024 report at http://www.credenceresearch.com/report/gas-separation-membranes-market

Market Insights

The global gas separation membranes market is experiencing growth due to rise in demand from various end use application. As energy costs rise, gas separation membrane technology is likely to play an increasingly important role in reducing the environmental impact and costs of industrial processes. Gas separations membranes are widely used in food & beverage processing, water & wastewater treatment, pharmaceutical & medical application, chemical processing, industrial gas processing and other applications. Moreover, Compared to the conventional separation technologies such as cryogenic distillation, absorption and adsorption, industrial attention is now focused on adoption of membrane based gas separation. This is due to inherent advantages offered by gas separation membranes such as energy efficiency with low capital investment, simplicity and ease of installation, low operation and maintenance cost, low weight and space requirement with high process flexibility.

Read Complete Report with TOC @ http://www.credenceresearch.com/report/gas-separation-membranes-market

The major challenge hampering the growth of the market is problems associated with the lifespan of membranes as after a certain period, the durability of membranes decreases, resulting in need for replacement, therefore associated increased operational and maintenance costs. Increasing concerns over water scarcity and need for desalination in the developing countries offer growth opportunity to the gas separation membranes in water and water treatment market.

Competitive Insights

Major players in the membrane system providers such as Air Liquid (PoroGen Corporation), Air Products and Chemicals Incorporated, Evonik Resource Efficiency GmbH, GE Water & Process Technologies, etc. are original equipment manufacturers (OEMs) of gas separation membranes. Distributors, EPC contractors and company owned sales offices are major sales & distribution paths for gas separation membranes and gas separation systems. All large players are increasing their footprint in emerging economies by opening regional sales offices cater to the increasing demand from various end-use applications.

Key Trends

    Rising demand from end use applications
    Shifting trend towards membrane gas separation technology
    Emerging economies offers huge market potential

About Credence Research:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Related Reports

Organic Hair Care Market: http://www.credenceresearch.com/report/organic-hair-care-market

Waterproofing Chemicals Market: http://www.credenceresearch.com/report/waterproofing-chemicals-market

Blog URL: http://www.mobilecomputingtoday.co.uk/5102/global-gas-separation-membranes-market-expected-reach-3325-2-2024-credence-research/

Media Contact
Company Name: Credence Research
Contact Person: Chris Smith, Global Sales Manager
Email: Send Email
Phone: +1-800-361-8290
Address:105 N 1st ST #429, SAN JOSE, CA 95103 US
City: SAN JOSE
State: California
Country: United States
Website: http://www.credenceresearch.com/report/gas-separation-membranes-market

Calendar

November 2017
M T W T F S S
« Oct    
 12345
6789101112
13141516171819
20212223242526
27282930