Air Separation Plant Market 2018
Air Liquide S.A., Linde AG, Praxair, Inc., Taiyo Nippon Sanso Corporation, Air Products and Chemicals, Inc., Messer Group GmbH, Enerflex Ltd., Universal Industrial Gases, Gas Engineering LLC and Technex Ltd., are some of the leading players in the Global Air Separation Plant Market. Profiling them in its analysis, MRFR finds out the strategies keeping them at the front of the market competition.
Global Air Separation Plant Market – Synopsis
Air Separation Plant Market has been growing pervasively over the recent years mainly owing to the Steel industries that use a large amount of oxygen for basic steel making process. Besides, the air separation plants have been constantly attracting the chemical industry for a number of applications such as the augmenting demand for oxygen in coal gasification projects, steel manufacturing, the vast nitrogen requirement for chemical storage tanks, storing petroleum products, packing edible oils to protect from oxidation & so on.
Heightened demand across industries, mainly from the Chemical, Oil & Gas, & Metallurgy among others industries, in turn, drive the market growth for Air Separation Plants worldwide. Resultantly, this is allowing the Air Separation Plant Market to enjoy a constantly rising demand and therefore a steady growth. In the year, 2015, the Global Air Separation Plant Market had valued at USD 4,132 Million. Which is considered as a notable market size.
Acknowledging the prominence and the value this market is garnering currently and the growth prospect the market is demonstrating worldwide, Market Research Future (MRFR), has recently published a brilliant study report giving out the complete market insights up till 2022. According to MRFR, the Global Air Separation Plant market is expected to reach up to USD 5,852.7 Million by 2022 registering a CAGR of 4% during the review period (2016-2022).
The Air Separation Plant Market is predominantly driven by the upsurge in the demand for industrial and specialty gases across various end-use sectors, especially Iron & Steel, Healthcare, Oil & Gas, and Energy sector. Other factors propelling the market growth include the increasing pollution, growing urbanization & industrialization coupled with the growing economic conditions that improve consumers’ affordability.
On the other hand, factors such as the high cost of gas processing, volatility of demand patterns coupled with the emergence of alternative technologies are few of the burning issues the market is witnessing currently which are also expected to restrict the Air Separation Plant Market growth in the future. Nevertheless, various supportive government initiatives and funding programs – one like ‘Make in India’ and technological advancements coupled with the rising investments transpired into R&D activities will define the future landscape of Air Separation Plant Market.
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Air Separation Plant Market – Competitive Landscape
The Air Separation Plant market appears to be competitive with the presence of several large and small players operating in the Air Separation Plant market. Growth in terms of product innovations and technologies in the market are also expected to create strong investment opportunities for the global players.
Industry/ Innovation/ Related News:
March 28, 2018 – Petroliam Nasional Bhd. (Petronas, Malaysia), one of the largest oil and gas companies and Saudi Aramco, the national oil company of Saudi Arabia, announced their partnership for two joint-ventures – the Rapid project (Refinery and Petrochemical Integrated Development), which is part of the PIC (Pengerang Integrated Complex) in Malaysia. The strategic alliance, bringing together the resources, experience, technologies, commercial presence and expertise, will allow both the parties equal ownership & participation in the operations of the cracker, refinery, and selected petrochemical facilities in Rapid.
March 26, 2018 – Sasol Limited (South Africa) an integrated energy and chemical company in collaboration with Air Liquide S.A., (France) a leading global supplier of industrial gases and services, have launched the world’s largest oxygen production plant in Secunda, South Africa. The duo claims that the oxygen plant is one of the largest Air Separation Unit (ASU) ever in synthetic fuels and chemicals complex in the region. The total investment has said to be raised up to US$246.07mn. so far.
March 07, 2018 – Airgas USA, LLC, a leading global distributor of industrial, medical and specialty gases, announced its plans for the expansion of its existing ASU in Etiwanda. The strategy of the move is based on the expanding the company’s presence in California. For which the company also has plans to construct a new liquid-carbon-dioxide production facility in Stockton.
Air Separation Plant Market – Segmentations
For the convenience of the report and enhanced understanding; MRFR has segmented the market into five key dynamics.
By Types : Comprises of – Air Separation Plant Below – 20000 m3/h, 20,000-40,000 m3/h, 40,000-80,000 m3/h, above 80,000 m3/h
By Processes : Non-Cryogenic & Cryogenic Distillation Process.
By Gases : Nitrogen & Oxygen, among others.
By Applications : Oil & Gas industry, Chemical, Paper, and Metallurgy among others
By Region : North America, Europe, APAC and Rest of the World.
Global Air Separation Plant Market –– Geographical Analysis
Globally, the Asia-Pacific region accounts for the leading market for the Air Separation Plant. Owing to the increase in demand for the air separation plants in this region, APAC market has been dominating the global market since many years consecutively. Also, owing to the burgeoning metal fabrication, chemical, and electronic industries in some of the APAC countries like India, Japan & China, the infrastructural development activities in these countries is boosting the demand for steel, in turn, increasing the market scope of the regional market. Continuing with the same trend the APAC market is going to hold the market hegemony during the review period as well.
Global Air Separation Plant Global Market – Overview
Air separation plants are used to separate the atmospheric air into its various primary components like nitrogen, oxygen, and other inert gases. The most common method for air separation is cryogenic distillation. Cryogenic air separation units (ASUs) are built to provide gases such as nitrogen, oxygen, carbon dioxide, argon, hydrogen, helium and acetylene. Air separation plant has seen a rise in demand across various industries such as food & beverages, Automotive, paper & pulp, healthcare.
Market research future published a cooked research report on Global Air Separation Plant Market that contains the information from 2016 to 2022. The global air separation plant market is expected to grow approximately at 5.20% CAGR from 2016 to 2022, and with this it is predictable to cross USD 5,852.7 Million Mark by 2022.
Taste the market data and market information presented through more than 81 market data tables and 115 figures spread in 143 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Air Separation Plant Market Information from 2016 to 2022″
The Industrial gases such as nitrogen, oxygen, argon, LNG and liquefied petroleum are liquefied at high pressure for ease of storage and transport activities. It is used in a wide number of industries such as steelmaking, pharmaceuticals, petrochemicals and food & beverages. Industrial gases are formed at ambient temperature and pressure and are experiencing high growth due to improving economies, increased energy demand, climate control initiatives and healthcare needs across the globe. However, availability of skilled labor is one of the major restraints that may limit the market growth, as many industries show scarcity of skilled labor as there no established center for providing skills.
The report has analyzed the market based on the four segments: type, process, application and gas in the regions of North America, Europe, Asia-Pacific and Rest of World. On the basis of type, the market is segmented as under 20,000 m3/h, 20,000-40,000 m3/h, 40,000-80,000 m3/h, more than 80,000 m3/h. Based on process, the market is bifurcated as cryogenic distillation process and non-cryogenic distillation process. Based on application, the market is segmented as chemical, oil & gas, paper, metallurgy and others. While, Asia-Pacific accounted for the largest market share in 2015, based on region.
The global air separation plant market is expected to cross USD 5,852.7 million mark by the end of forecast period and is expected to grow approximately at 5.20% CAGR from 2016 to 2022.
Asia-Pacific has the largest market share
Asia-Pacific is the leading market in the global air separation plant market and expected to continue its dominance owing to factors such as growing demand for industrial gases with high purity level from end-use industries such as oil & gas industry, chemicals and petrochemicals. Europe which is also one of the leading markets is projected to grow at 4.10% during the forecast period.
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We recognize the key players in the global air separation plant market as Linde AG (Germany) , Air Liquide S.A. (France), Praxair, Inc.(U.S.), Taiyo Nippon Sanso Corporation (Japan), Air Products and Chemicals, Inc. (U.S.), Messer Group GmbH (Germany), Enerflex Ltd. (Canada), Gas Engineering LLC (U.S.), Universal Industrial Gases (U.S.) and Technex Limited (India).
This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global air separation plant market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
Market Synopsis of Global Air Separation Plant Market:
Air separation plants are used to separate the atmospheric air into its various primary components like nitrogen, oxygen, and other inert gases. The most common method for air separation is cryogenic distillation. The growth of the air separation plant market is influenced by the product innovations & technologies. Furthermore, growth in the demand for industrial & speciality gases, has led to the emergence of Asia-Pacific as the fastest growing region. However, Issues such as high operational & technological cost hinder the growth of the air separation plant market.
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