Oxygen enriched membranes possess properties such as better porosity, durability, permeability, selectivity and stability, which makes them a vital element in various industrial applications. The market is witnessing growth due to rise in demand for oxygen enriched membrane from various application areas. On the basis of application, the global oxygen enriched membrane market is segmented into medical application, enhanced combustion, water treatment, and others (Nitrox (scuba dive gas), oxygen-enriched breathing air at high altitudes, etc.) Market size and forecast of each application is presented for the period 2021 to 2031 along with respective CAGR 7.5% for the forecast period 2023-2031.

Qualitative information sets such as market dynamics (drivers, challenges and opportunities) and market inclination insights are provided in this market assessment report. Tools such as competition assessment and attractive investment proposition are also included in this study for assessment of market competition. The report concludes with company profiles section that highlights key information about the major market players operating in the global oxygen enriched membrane market.

The Dow Chemical Company, Ge Water & Process Technologies, Air Products and Chemicals Incorporated, Dalian Puricle Co., Ltd., Genrich Membranes Pvt. Ltd., Membrane Technology And Research, Inc., Pall Corporation, Parker Hannifin Corp., Teijin Pharma Limited, Pacific Consolidated Industries, Sigma-Aldrich Co. Llc. (Merck Group), Atlas Copco Ab, Noxerior S.R.L., Membrana Gmbh (3m Company) And Generon are few key manufacturers in oxygen enriched membrane market.

In today’s competitive climate, membrane air separation is now widely accepted as an economic process to produce moderate purity streams containing up to 99.5% nitrogen or 30-50% oxygen. Currently, a number of companies worldwide are conducting considerable research, development and commercialization efforts on gas separation membrane and offering oxygen enrichment membrane systems with oxygen purities ranging from 28 to 60%.The global oxygen enriched membrane market is expected to grow at significant rate of 8.4% over the forecast period 2023-2031. Among the considered applications, medical application of oxygen enriched membranes dominated overall demand and offers strong growth potential in upcoming years. In 2021, medical applications accounted for the largest share of more than 45% of the total oxygen enriched membrane market by value. These membranes are finding huge growth potential due to their widespread use in enhanced combustion and water treatment applications.

In base year 2021, North America was observed as the largest market for oxygen-enriched membrane. Renewable fuel standards in the U.S. and European Union are creating a market for second generation bio-fuels, which will generate demand for oxygen-enriched membrane for enhanced combustion.

Asia Pacific and Latin America are the most sought after regional markets in terms of growth opportunities for upcoming years for oxygen enriched membrane. Asia Pacific is expected to achieve highest growth rate compared to other regions due to presence of countries such as China, India and Japan which are observing significant industrial growth. Stricter regulations of water quality in economies like China and Japan will provide growth for oxygen enriched membrane from the region. Unmet medical needs generated from a rapidly ageing population, and increasing healthcare infrastructure spending across Asia Pacific and Latin America should act as a catalyst to the growth of oxygen enriched membrane.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Oxygen Enriched Membranes market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Oxygen Enriched Membranes market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Oxygen Enriched Membranes market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Oxygen Enriched Membranes market?
• Which is the largest regional market for Oxygen Enriched Membranes market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Oxygen Enriched Membranes market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Oxygen Enriched Membranes market worldwide?