Mayur Yeole

Air Separation Plants Market 2021 Structure, Research Methodology, Forecast to 2027

The global air separation plants market is growing at a rapid pace. The market growth attributes to the rising numbers of innovations of products & technologies. Besides, the increasing demand for industrial & specialty gases, alongside the rapid industrialization worldwide, drives the growth of the market. Condensed at high pressure, some industrial gases are extensively used in a vast number of industries such as steelmaking, pharmaceuticals, petrochemicals, and food & beverages.

Moreover, improvements in storage and transport capacities of condensed industrial gases escalate the growth of the market. According to Market Research Future (MRFR), the global air separation plants market is poised to reach USD 6,636 MN by 2025, growing at 5.02% CAGR throughout the forecast period (2018 to 2023). Technological advances in the air separation process and air liquefaction processes positively impact the growth of the market. Also, rising uses of industrial gases in the solar PV industry fuel the market

Additionally, the spurting growth in end-use applications such as chemical, oil & gas industry, paper, metallurgy, and others boost market growth. Moreover, increasing investments and integration of advanced technologies in offshore and onshore drilling activities influence the growth of the market. Furthermore, substantial investments in the developments of techniques and air separation plants process push the growth of the market.

However, the cost of electricity is the most significant operating cost incurred in air separation plants. Moreover, high prices of laser and infrared technology-based devices used in the plants as more accurate and efficient solutions incur substantial expenses, increasing the overall value of the air separation plants. These are the significant factors projected to impede the growth of the market. Nevertheless, technological innovations expected in the recent future would support market growth throughout the review period.

Get Free Sample PDF @ https://www.marketresearchfuture.com/sample_request/1997

Global Air Separation Plants Market   – Segmentation

The report is segmented into five dynamics;

By Type                                : Under 20000 m3/h, 20,000-40,000 m3/h, 40,000-80,000 m3/h, and More Than 80,000 m3/h.

By Process                          : Cryogenic Distillation Process and Non-Cryogenic Distillation Process.

By Gas                  : Nitrogen, Oxygen, and others.

By Application   : Chemical, Oil & Gas Industry, Paper, Metallurgy, and others.

By Regions                          : Asia Pacific, Americas, Europe, and the Rest-of-the-World.

Global Air Separation Plants Market   – Regional Analysis

Europe dominates the global air separation plants market. The region has the maximum number of oil and gas plants. The largest market share attributes to the massive spending on infrastructure developments and innovations in current technology to reduce capital costs and drive process efficiency. The proliferation of advanced ULTRA-AL merchant air separation plants in the region boosts the growth of the market. Germany, Netherlands, and France are the largest markets for air separation plants in the region.

Moreover, the presence of notable players offering automated air separation processes influences the demand for air separation plants market in the region. Also, increasing drilling activities and numbers of air separation plants fuel substantiate the regional market growth. Additionally, the presence of well-developed oilfield infrastructure and boosts the expansion of the air separation plants market in the region. Furthermore, increasing investments to drive R & D activities act as a major tailwind for regional market growth.

North America stands second in the global air separation plants market. The region is the largest producer and consumer of oil & gas, globally. Market growth is predominantly driven by technological advances and increasing onshore & offshore infrastructures in the region. Besides, increased government mandate and regulations for process optimization and automation drive the regional market growth. The US accounts for the leading share in the regional market.

The Asia Pacific air separation plants market is growing rapidly. Factors such as the rising demand for new autonomous technology, burgeoning O&G sector, and increasing investments & activities in R&D due to rapid economic growth in the region substantiate the market growth. Rapidly developing countries like India and China, hold major shares in the regional market due to the improving drilling technologies and robotics in oilfields.

Global Air Separation Plants Market   – Competitive Analysis

Highly competitive, the air separation plants market appears fragmented due to the presence of several well-established players. Acquisition, collaboration, expansion, and product/ technology launch are strategic initiatives that these players incorporate to gain a competitive advantage. Players focus on product development and geographical expansion. The global air separation plants market is projected to witness relentless innovations and new product launches that would eventually result in intensifying the competition among manufacturers.

Major Players:

Players leading the global air separation plants market include Air Liquide SA, Linde AG, Praxair, Inc., Taiyo Nippon Sanso Corporation, Air Products and Chemicals, Inc., Messer Group GmbH, Enerflex Ltd., Universal Industrial Gases, Technex Ltd., and Gas Engineering LLC., among others.

Industry/ Innovation/ Related News

July 29, 2020 —– Linde plc (Ireland), a leading global industrial gases and engineering company, announced starting up a new air separation unit (ASU) and the three nitrogen generators, as part of its 15-year contract to supply ultra-high purity industrial gases to a major electronics customer in Taiwan.

Built and operated by Linde’s joint venture Linde LienHwa (LLH), the project would support a multi-billion-dollar wafer fab expansion in Taiwan. Once completed, the ASU and the three generators would have a total combined gas capacity of over 173,000 Nm3/hr. The remaining two generators are expected to come on stream in 2021.

July 29, 2020 —– Sasol Limited (South Africa), an integrated energy and chemical company, announced its plans to advance its asset-disposal project with the sale of gas units. The air-separation units used to supply Sasol’s fuels and chemical processes at plants make up the world’s biggest oxygen production site. Air Liquide operates one of the units and plans a modernization program associated with the deal.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/air-separation-plant-market-1997

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future

528, Amanora Chambers, Magarpatta Road, Hadapsar

Pune – 411028, Maharashtra, India

Email: sales@marketresearchfuture.com

Blog:https://www.mrfrblog.com/

Error

Anonymous comments are disabled in this journal

default userpic