Global Air Separation Plant Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global air separation plant market in its upcoming report titled, “Global Air Separation Plant Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global air separation plant market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global air separation plant market report has been segmented on the basis of process, gas, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Air separation plant refers to facilities where atmospheric air is separated into its primary components such as nitrogen, oxygen, hydrogen, and other rare inert gases such as krypton, xenon, argon, and helium. Air separation plant support the growth of a vast number of industries and acting as a viable source for recovering rare gases and high purity oxygen and nitrogen. Increasing demand for industrial & specialty gases in oil & gas sector due to technological advancements in distillation and filtration capabilities, fueling the global market growth.
Moreover, demand for medical gases and equipment like infusion pumps and continuous positive airway pressure (CPAP) devices in hospitals and private homes, will increase the investments in air separation plant market in forecast period. In addition, large number of industrial activities and shifting towards high purity gases will enhance product innovation in the global market. Chemical properties of target product such as reactivity and physical properties including boiling point, density, and vapor pressure make such gases suitable for applications in several industries.
Rapid industrialization in emerging economies such as China and India, rising use of industrial gases in solar PV industry, emphasis on gas packaging area some factors boosting the market demand. However, issues such as high operational & technological cost of the plant may hinder the growth of the global market. Latest trend shows that leading gas companies have started to invest in alternative energy technologies. The global market is will be largely driven by the ongoing growth across industry vertical that require air products.
Geographically, Asia Pacific is the fastest-growing market, as it is a major consumer of target product. This is owing to increasing demand for air separation plant from emerging countries such as China, India, Australia, and others in the region. In addition, increasing chemical manufacturing, coupled with growing iron & steel industry driving the global market. With a increasing number of pharmaceutical companies and the continuous focus on R&D in emerging economies witnessing a considerable growth of the global market.
Global Air Separation Plant Market segmentation:
Segmentation by Process:
- Cryogenic Distillation Process
- Non-Cryogenic Distillation Process
Segmentation by Gas:
- Carbon Dioxide
Segmentation by Application:
- Oil & Gas
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Linde AG
- Air Liquide S.A.
- Praxair, Inc.
- Taiyo Nippon Sanso Corporation
- Air Products and Chemicals, Inc.
- Messer Group GmbH
- Enerflex Ltd.
- Gas Engineering LLC.
- Universal Industrial Gases
- Technex Limited
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