Air separation plant market was valued at USD 5.06 billion in the year 2018 and is anticipated to grow at USD 7.68 billion till 2026, witness a CAGR of 5.34% during forecast period 2019-2026.
Air Separation Plant Market Overview:
Air separation plants are used for the production of different atmospheric industrial gases like argon, oxygen, nitrogen and other rate gases. Such separation plants are broadly used in small to large scale plants for the production of gases as well as other liquid products. A few of the air separation plants produce xenon, neon, oxygen and compressed dry air. The air segmentation plant is growing rapidly as there is a great demand for high purity products in different industries like steel, chemical and medical.
Air Separation Plant Market Dynamics:
Global air separation plant market is expanding greatly with several product quality as well as environment prevention rules combining together for increasing the scope of use of pure air-based gases around many industries. There are many industries continue to use huge volumes of pure oxygen as well as other air gases over ambient air for reducing pollution and stick to clean initiatives. The gas and oil industry becomes the key consumer of pure air gases leading towards the overall growth of the global air separation plants market. Such end-use segment is anticipated to offer huge growth opportunities in upcoming years particularly in the region like North America. The booming food industry around the globe is becoming a key consumer of food-grade air gases like oxygen, nitrogen, carbon and dioxide for use around several application areas. Because of the fast increase in demand for pure air gases, several growth opportunities will be provided by the air separation plants market. There are several new key players entering into this market. Key industries are giving more focus on re-engineering air separation methods to enhance the operation efficiency level, reduce costs and energy intake connection with production processes, increasing production capacity and to remain ahead of the strong competition and make the pace in the market. air separation plants are usually considered to be the feasible means of recovering rare gases needed in the industries.
Air Separation Plant Market Key Segments:
By Gas type
By Process type
- Healthcare industry
- Chemical Industry
- Oil & Gas Industry
- North America
- Rest of Asia-Pacific
- Middle East
- Latin America
Increasing industrial activities in different regions of Middle East like Saudi Arabia and UAE and increase in government rules about environment safety are projected to drive the market growth over the forecast period. Increase in demand from chemical companies as well as developing economies are anticipated to make available a huge number of opportunities n the market.
The key players operating in the air separation plant market include the following:
- Messer Group GmbH
- AMCS Corporation
- Technex Ltd
- Ranch Cryogenics, Inc
- Universal Boschi
- Taiyo Nippon Sanso Corporation
- Linde Engineering
- Air Liquide S.A.
- Enerflex Ltd
- Porters Five Forces model aids to examine the prospective of buyers & suppliers and the cutthroat sketch of the market, which is anticipated to guide the industry players in bringing successful strategies accordingly.
- It depicts the recent trends and future picture of the market from 2019 to 2026 to understand the current opportunities as well as the investment pockets.
- This report outlines an in detail analysis of the air separation plant market to recognize the potential investment pockets.
- The market growing drivers, restrains, and opportunities and their thorough impact analyses have been explained here.