Gas Separation Membranes Market to Hit $2.5 Billion by 2031 on Green Hydrogen and Carbon Capture Growth
globenewswire.comThe global gas separation membranes market is expected to grow from $1.5 billion in 2025 to $2.5 billion by 2031, a compound annual growth rate of 9.1%, according to a new report from BCC Research. The main drivers are the push for green hydrogen production and the rapid expansion of carbon capture, utilization, and storage (CCUS) systems. Asia Pacific holds the largest market share at 43.5%, led by China and India. Carbon capture applications for membranes are growing at 40% CAGR as heavy industries like cement and steel face regulatory pressure to cut emissions. New composite membranes that can handle extreme temperatures are also opening up markets in petrochemicals and steel. The report notes that policy risk remains a factor, as demand depends partly on carbon pricing and emissions standards staying in place.
