Air Liquide SA

The global gas separation membranes market is projected 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 expansion is driven by surging demand for green hydrogen production and carbon capture technologies, with the carbon capture application segment growing at a 40% CAGR. Asia-Pacific holds a 43.5% market share, led by industrial growth in China and India and aggressive clean energy mandates. Key players include Air Products and Chemicals Inc., Air Liquide, Honeywell International Inc., SLB, and Membrane Technology and Research Inc.

Air Liquide announced plans to invest more than $200 million to boost chemical production at partner Oxea's site in Bay City, Texas. The French industrial gases company will build a new partial-oxidation unit to provide large-scale syngas and low-carbon hydrogen production, with startup scheduled for early 2029. The investment leverages Air Liquide's longstanding presence at one of the most feedstock-advantaged sites on the U.S. Gulf Coast.

The global hydrogen generation market is projected to grow from US$ 208.96 billion in 2025 to US$ 427.07 billion by 2034, at a compound annual growth rate of 8.27 percent, according to a new report by The Insight Partners. Asia Pacific is expected to hold more than 35 percent of the market share in 2025, led by China, Japan, South Korea, Australia, and India, while Europe accounts for over 25 percent. Steam reforming remains the dominant production process, and ammonia production is the largest and fastest-growing application segment. Key drivers include government policies such as the US Inflation Reduction Act and the EU Hydrogen Strategy, industrial decarbonization targets, and rising investments in electrolyzer and hydrogen infrastructure. Major companies profiled include Linde PLC, Air Liquide, Shell Plc, and Plug Power.