Gas Separation Membrane Market Size, Share, Revenue Demand & Growth by 2033
The gas separation membrane market is anticipated to expand its roots at a steady CAGR of 7.3% between 2023 and 2033. The market is expected to have a market share of US$ 4.73 billion by 2033 while it is likely to be valued at US$ 2.34 billion in 2023. The growing awareness around the hazardous health effects of gases coupled with expanding urban settings is flourishing the market growth. Furthermore, the changing environment due to rising air and water pollution is pushing end users to adopt products for gas and impurity elimination. Stringent government policies are pushing authorities to use gas separation membranes for water purification, and the elimination of extra gases. Also, the transforming chemical industry with high demand for gases like oxygen and nitrogen is pushing the sales of the gas separation membrane. A key source of revenue is generated through chemical procedures that include nitrogen...