Global Air Separation Plant Market Analysis
The global air separation plant market is predicted to touch USD 6,636 million at a 5.02% CAGR over the forecast period (2019-2025), states the new Market Research Future (MRFR) report. Air separation plants are used for separating the atmospheric air into various primary components such as oxygen, nitrogen, and other inert gases. Cryogenic distillation is one of the most common methods used for air separation. Cryogenic air separation units are built for offering gases such as acetylene, helium, hydrogen, argon, carbon dioxide, oxygen, and nitrogen. Air separation plant has a wide range of applications including healthcare, paper and pulp, automotive, and food and beverages.
Various factors are propelling the air separation plant market growth. These factors, as stated by the MRFR report, include technological innovations and product innovations, growing demand for specialty and industrial gases, and growing demand for air separation plant from various end use industries such as food and beverages, petrochemicals, pharmaceuticals, and steelmaking. Additional factors pushing market growth include rising use of industrial gases in the solar PV industry, rapid industrialization in emerging economies, and innovative technologies.
On the contrary, the high cost may hamper the air separation plant market growth over the forecast period.
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The Market Research Future report provides a wide segmental analysis of the air separation plant market based on type, process, gas, and application.
By type, the air separation plant market is segmented into more than 80,000 m3/h, 40000-80000 m3/h, 20000-40000 m3/h, and under 20000 m3/h. Of these, the 20000-40000 m3/h segment will have the largest share in the market over the forecast period. This is owing to its wide application in the steel industry, pulp and paper industry, welding, and heat treatment process.
By process, the air separation plant market is segmented into non-cryogenic distillation process and cryogenic distillation process. Of these, the cryogenic distillation process segment will dominate the market over the forecast period.
By gas, the air separation plant market is segmented into oxygen, nitrogen, and others. Of these, the oxygen segment will lead the market over the forecast period. Oxygen has multiple uses in steelmaking along with other metals fabrication and refining processes that are used in pulp and paper manufacture, ceramic manufacture, glass manufacture, petroleum processing, pharmaceuticals, and chemicals.
By application, the air separation plant market is segmented into metallurgy, paper, oil and gas industry, chemical, and others. Of these, the metallurgy segment will have the largest share in the market over the forecast period.
Based on the region, the air separation plant market report covers growth opportunities and the latest trends across Europe, Asia Pacific (APAC), North America, and the Rest of the World (RoW). Of these, APAC will dominate the market over the forecast period. This is owing to the burgeoning demand for industrial gases having high purity level from various end use industries including petrochemicals, chemicals, and oil and gas industry. Besides, environmental regulations and stringent safety in the healthcare sector along with growing demand for photovoltaic products are pushing the market growth in this region.
The air separation plant market in North America is predicted to have a notable growth over the forecast period. This is owing to the region being one of the top manufacturers and distributors of cylinder filling plants, high purity oxygen, and various gas generator for industrial, medical, and other applications.
The air separation plant market in Europe is predicted to have a remarkable growth over the forecast period. This is owing to the fact that the governments in Germany and France are devoting a huge amount on infrastructure and innovations to reduce capital costs.
The air separation plant market in the Rest of the World is predicted to have a notable growth over the forecast period. This is due to the growth in the metallurgy industry.
Leading players profiled in the air separation plant market report include Gas Engineering LLC, Technex Ltd., Enerflex Ltd., Universal Industrial Gases, Messer Group GmbH, Taiyo Nippon Sanso Corporation, Air Products and Chemicals, Inc, Praxair, Inc., Air Liquide SA, and Linde AG.
July 2019: Air Liquide has signed an agreement with GCGV (Gulf Coast Growth Ventures), for building a new air separation unit in Texas.
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