Helium Separation Membrane Market Size is Estimated to grow at a CAGR of 7.05% during the forecast period

• The helium separation membrane market was valued at USD 110.23 million in 2022 and is expected to increase to USD 176 million by 2030, with a compound annual growth rate (CAGR) of 7.02% between 2023 and 2030.
• With the use of cutting-edge materials and methods, the helium separation membrane is a novel technology that effectively extracts, recovers, and purifies helium gas from gaseous mixtures, especially natural gas.

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GROWTH DRIVERS

• Helium gas is in high demand across a wide range of industries. In aerospace, for example, it is used to pressurize and purge fuel tanks. In electronics, it is used to manufacture semiconductors.
• Due to the depletion of natural helium reserves, helium conservation and recycling are becoming more important, and helium separation membrane technology is being adopted.
• Since cryogenic distillation, which is also used to extract helium from natural gas, uses a lot of electricity and generates waste heat, the process is environmentally friendly.
• Membrane-based helium separation systems are often less expensive to install than distillation plants because they require less space and a simpler infrastructure, which lowers installation costs and allows for scalability.

Key Challenges:

• The extensive use of membrane-based helium separation technology may be constrained by the high production and material costs associated with inorganic membranes, particularly in markets where cost is a critical factor.
• Purity requirements must be met while maintaining cost-effectiveness and operational efficiency, which is a difficult task that calls for careful planning, adherence to industry standards, and good execution.

Global Key Players:

·?????????Air Liquide

·?????????Air Products and chemicals

·?????????UBE corporation

·?????????Evonik

·?????????Linde Engineering

·?????????Airrane

·?????????Generon IGS

·?????????Grasys

·?????????Prism

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