NEW YORK, May 14, 2021 /PRNewswire/ -- The global gas separation membrane market by product (polyimide and polyamide, polysulfone, cellulose acetate, and others), end-user (water and waste treatment, food and beverage, pharmaceutical, and others), application (CO2 removal, nitrogen-generation and oxygen enrichment, hydrogen-recovery, and others), and geography (North America, Europe, APAC, South America, and MEA) has been added to Technavio's offering. The global gas separation membrane market is expected to grow by USD 717.04 million, at a CAGR of about 6% during 2021-2025.
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The rapid rise of COVID-19 cases in 2020 forced various industries, including gas separation membrane manufacturers to temporarily halt their operations. This slightly hindered the growth of the market in 2020. However, the resumption of operations in various industries with social distancing norms is expected to stabilize the growth of the market in 2021 and during the forecast period.